DMC Global (NasdaqGS:BOOM) Q4 2025 Earnings call February 23, 2026 05:00 PM ET Speaker5Greetings. Welcome to the DMC Global fourth quarter earnings call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone require operator assistance, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce Geoff High, Vice President of Investor Relations. Please go ...

Key Takeaways SLB trades at 10.28X EV/EBITDA, below the industry average and BKR but above HAL.SLB sees strong offshore demand, with $9B in subsea awards expected over two years.SLB forecasts a temporary slowdown in early 2026 despite $4B shareholder returns.SLB (SLB) is currently considered cheap on a relative basis, with the stock trading at a trailing 12-month enterprise value to earnings before interest, taxes, depreciation and amortization (EV/EBITDA) of 10.28X, representing a discount compared with th ...

The share price of National Energy Services Reunited Corp. (NASDAQ:NESR) surged by 17.14% between February 13 and February 20, 2026, putting it among the Energy Stocks that Gained the Most This Week. National Energy Services Reunited (NESR) Hits a New High Following Q4 2025 Results National Energy Services Reunited Corp. (NASDAQ:NESR) provides oilfield services in the Middle East and North Africa region. National Energy Services Reunited Corp. (NASDAQ:NESR) hit a new high after announcing its Q4 2025 re ...

Management successfully shifted the business mix toward offshore and international markets, which now account for 77% of total revenue compared to 72% in the prior year. Performance was driven by disciplined backlog conversion and improved margins in the Completion and Production Services and Downhole Technologies segments following strategic restructuring. The company intentionally exited underperforming U.S. land-based operations to high-grade the portfolio and focus on more differentiated, higher-m ...

Oil States International (NYSE:OIS) Q4 2025 Earnings call February 20, 2026 10:00 AM ET Company ParticipantsCindy Taylor - President and CEOEllen Pennington - VP of Human Resources and Senior CounselLloyd Hajdik - EVP and CFOConference Call ParticipantsJim Rollyson - AnalystJosh Jayne - AnalystStephen Gengaro - AnalystOperatorLadies and gentlemen, thank you for standing by. My name is Colby, and I'll be your conference operator today. At this time, I would like to welcome you to the Oil States International ...

Performance was driven by the widespread adoption of the company's differentiated offerings, with the combination of direct awards, iEPCI, and Subsea Services accounting for more than 80% of total Subsea inbound in 2025. Management attributed commercial success to a fundamental shift in customer behavior from single-project focus to a 'portfolio approach,' where operators develop multiple greenfield assets in parallel to achieve industrialization. The transition away from legacy projects is nearly com ...

Drilling Tools International Corp. Announces 2025 Fourth Quarter and Full Year Earnings Release and Conference Call Schedule [Accessibility Statement] Skip NavigationHOUSTON, Feb. 19, 2026 /PRNewswire/ -- Drilling Tools International Corp., (NASDAQ: DTI) ("DTI" or the "Company"), a global oilfield services company that designs, engineers, manufactures and provides a differentiated, rental-focused offering of tools for use in onshore and offshore horizontal and directional drilling operations, as well as oth ...

Financial Data and Key Metrics Changes - For the year 2025, the company generated over $1.6 billion in revenue and $353 million in Adjusted EBITDA, representing a 22% margin, which aligns with previously provided guidance [6][21] - Adjusted Free Cash Flow for the year was $127 million, more than double the amount generated in 2024, indicating strong operational efficiency [6][22] - For Q4, revenue was reported at $382 million with Adjusted EBITDA of $88 million, reflecting a 23% margin [6][21] Business Line Data and Key Metrics Changes - The company’s backlog increased by $196 million during Q4, reaching $2.5 billion, which provides robust revenue visibility heading into 2026 [7] - The North and Latin America segment saw a revenue decrease of $21 million to $130 million, primarily due to lower subsea well access and well construction revenue in the U.S. [25] - The Middle East and North Africa segment reported revenues of $93 million, driven by increased well flow management revenue, with an EBITDA margin of 39% [26] Market Data and Key Metrics Changes - Global demand for oil and gas remains resilient, supporting long-term investment, particularly in international and offshore markets [8] - The company anticipates a modest recovery in upstream investment, particularly in deepwater developments, which will support demand for its services [9] Company Strategy and Development Direction - The company aims to expand EBITDA margins and free cash flow generation through its Drive 2025 initiative and increased capital efficiency [10][19] - The long-term strategy focuses on building a diversified company with a compelling business mix and market leadership positions, emphasizing margin expansion and free cash flow generation [18][19] Management's Comments on Operating Environment and Future Outlook - Management maintains a cautiously optimistic outlook for 2026, expecting sequential improvements in the latter quarters despite a softer start due to seasonal factors [33] - The company is focused on maintaining market share and expanding customer wallet share, even in a flat market environment [66] Other Important Information - The company has a strong liquidity position with $551 million in total liquidity, including $198 million in cash [23] - The capital allocation framework prioritizes organic growth, selective M&A, shareholder returns, and maintaining a strong balance sheet [30][31] Q&A Session Summary Question: Can you talk more about the increase in wallet share? - Management highlighted cross-selling opportunities in well construction operations, leveraging existing services to drive efficiency [37] Question: What are the market assumptions behind the 2026 guidance? - Management indicated that current commodity prices support their activity set, with a focus on maintaining market share and expanding margins [42][44] Question: How does the pricing environment affect your pricing conversations? - Management noted that while there is limited ability to raise prices currently, there is no downward pressure, and they remain disciplined in pricing their technology offerings [75][78] Question: How do you see exploration opportunities evolving? - Management expressed excitement about increasing exploration project discussions, which could lead to more revenue opportunities in the future [59][81]

Financial Data and Key Metrics Changes - For the year 2025, the company generated over $1.6 billion in revenue and $353 million in Adjusted EBITDA, representing a 22% margin, which aligns with previously provided guidance [6][21] - Adjusted Free Cash Flow for the year was $127 million, more than double the amount generated in 2024, indicating strong operational efficiency [6][22] - For Q4, revenue was reported at $382 million with Adjusted EBITDA of $88 million, reflecting a 23% margin for the quarter [6][7] Business Line Data and Key Metrics Changes - The company’s backlog increased by $196 million during Q4, reaching $2.5 billion, providing robust revenue visibility for 2026 [7][8] - A significant contract was secured in North Africa worth $380 million for production optimization and well management services, marking one of the largest single customer awards [8][15] Market Data and Key Metrics Changes - Global demand for oil and gas remains resilient, particularly in international and offshore markets, which supports long-term investment [9] - The company anticipates a modest recovery in upstream investment, with growth concentrated in international and offshore projects, especially deepwater developments [9] Company Strategy and Development Direction - The company aims to expand EBITDA margins and free cash flow generation through its Drive 2025 initiative and increased capital efficiency [10][19] - Long-term strategic pillars include margin expansion, free cash flow generation, technical leadership, and pursuing inorganic growth through acquisitions [18][19] Management's Comments on Operating Environment and Future Outlook - Management maintains a cautiously optimistic outlook for 2026, expecting sequential improvements in the latter half of the year despite a softer start due to seasonal factors [33][34] - The company is focused on expanding wallet share with existing customers and leveraging technology to enhance operational efficiency [12][19] Other Important Information - The company closed the quarter with $551 million in total liquidity, including $198 million in cash, enhancing its net cash position [23] - The capital allocation framework prioritizes organic growth, M&A opportunities, shareholder returns, and maintaining a strong balance sheet [30][31] Q&A Session Summary Question: Can you talk more about the increase in wallet share? - Management highlighted cross-selling opportunities in well construction operations, utilizing existing personnel to provide additional services [37][38] Question: What are the market assumptions behind the 2026 EBITDA guidance? - Management indicated that current commodity prices support their activity set, and they expect to maintain market share while expanding customer wallet [42][44] Question: How does the current administration's stance on M&A affect the company's strategy? - Management stated that their M&A interests are globally focused and not heavily influenced by the administration's stance [55][56] Question: What regions are expected to drive recovery in offshore activity? - Management identified the Middle East and North Africa as solid regions for growth, with South America also showing promise [69][70] Question: How does pricing in a tightening rig rate environment affect the company? - Management noted that while there is limited ability to raise prices currently, the disciplined approach of rig operators helps stabilize pricing expectations [76][78] Question: What opportunities exist in Venezuela and surrounding areas? - Management expressed excitement about potential opportunities in Venezuela and its geographical proximity to Guyana and Trinidad, emphasizing the company's capability in high-technology environments [81][82]

Q4 & FY | 2025 Highlights Expro Group Holdings N.V. NYSE: XPRO Disclaimer This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this presentation that address activities, events or developments that Expro Group Holdings N.V. (the "Company") expects, believes or anticipates will or may occur in the future are forward- lo ...