Canada's Pason Systems' Q4 revenue rises

Pason Systems

26/02/2026 22:46

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.)