Overview
Canada data management firm's Q4 revenue rose 1% yr/yr amid challenging industry conditions
Adjusted EBITDA for Q4 beat analyst expectations
Outlook
Pason expects 2026 capital expenditures between C$55 mln and C$60 mln
Result Drivers
SOLAR AND ENERGY STORAGE - Revenue grew 124% yr/yr, driven by record deliveries of energy storage control systems
NORTH AMERICAN DRILLING - Revenue declined 6% due to challenging industry conditions and reduced rig counts
COMPLETIONS SEGMENT - Revenue decreased 5% but outpaced a 23% decline in active frac spreads
Company press release: ID:nCNWDG5K7a
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
C$108.7 mln
Q4 EPS
C$0.10
Q4 Net Income Attributable
C$8 mln
Q4 Adjusted EBITDA
Beat
C$38.1 mln
C$33.60 mln (4 Analysts)
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the oil related services and equipment peer group is "buy"
Wall Street's median 12-month price target for Pason Systems Inc is C$15.00, about 15.6% above its February 26 closing price of C$12.98
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 13 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)