Key Takeaways DEC boosts output by acquiring Canvas assets, delivering 147 MMcfe/d and expanding Oklahoma acreage.The $550M deal, funded by a $400M ABS issuance, enhances DEC's scale and financial flexibility.DEC issued 3.7M new shares to Canvas holders, bringing total voting rights to 80.4M shares.Diversified Energy Company (DEC) has officially completed its acquisition of Canvas Energy, adding a sizable set of producing assets and Oklahoma acreage that immediately lifts its scale. The transaction, funded ...

Core Insights - Drilling Tools International Corp. (DTI) reported a total consolidated revenue of $38.8 million for Q3 2025, with tool rental revenue at $31.9 million and product sales at approximately $7.0 million. The net loss attributable to common stockholders was $903,000, equating to a loss of $0.03 per share. Adjusted net income was $751,000, with an adjusted diluted EPS of $0.02 per share [2][3][4]. Financial Performance - DTI's Q3 2025 adjusted EBITDA was $9.1 million, and adjusted free cash flow was $5.6 million. As of September 30, 2025, the company had approximately $4.4 million in cash and cash equivalents, with net debt totaling $46.9 million [2][3][4]. - The company experienced a 41% revenue growth in its Eastern Hemisphere segment quarter-over-quarter, contributing approximately 15% to total revenue for the quarter [4]. Strategic Actions - The proactive strategy implemented by DTI, which included preparing for market downturns and adjusting pricing, allowed the company to outperform expectations despite challenging market conditions. The company successfully stimulated higher activity levels through effective communication with customers and flexible pricing options [3][4]. - DTI demonstrated strong financial discipline by reducing debt by $5.6 million, increasing cash reserves by $3.2 million, and repurchasing $550,000 of common shares [3][4]. Outlook - DTI maintains its full-year 2025 guidance, expecting revenue between $145 million and $165 million, adjusted EBITDA between $32 million and $42 million, and adjusted free cash flow between $14 million and $19 million. The company anticipates typical fourth-quarter seasonality to impact activity levels, pricing, and utilization [5][6].

Core Viewpoint - Drilling Tools International Corp. (DTI) is set to report its third quarter financial results for 2025 on November 7, 2025, with a live conference call scheduled for 10:00 a.m. Eastern Time [1]. Company Overview - DTI is a Houston-based oilfield services company specializing in the design, engineering, manufacturing, and rental of tools for horizontal and directional drilling operations [3]. - The company has been operational since 1984 and has 15 service and support centers in North America, along with 11 international centers across the EMEA and APAC regions [3]. Conference Call Details - The live conference call will be accessible via phone or webcast, and a replay will be available until November 14, 2025 [2][5]. - Questions for management can be submitted via email prior to the call [2].

Core Insights - Drilling Tools International Corp. (DTI) reported total consolidated revenue of $39.4 million for Q2 2025, with tool rental revenue at $32.8 million and product sales at $6.7 million [2][3] - The company experienced a net loss of approximately $2.4 million for the quarter, with an adjusted net loss of $725,000 [2][3] - DTI's adjusted EBITDA for Q2 was $9.3 million, marking a 4% increase compared to Q2 2024, despite market softness [4][6] Financial Performance - DTI's Q2 2025 revenue increased by 5% compared to Q2 2024, while adjusted EBITDA rose by 4% [4][6] - The company achieved its first positive adjusted free cash flow for any second quarter since going public, amounting to $1.8 million [3][4] - As of June 30, 2025, DTI had approximately $1.1 million in cash and cash equivalents, with net debt of $55.8 million [2][3] Market Conditions - The second quarter was impacted by lower commodity prices, leading to a reduction in rig count and customer activity, particularly in the US land market [3][5] - Despite the decline in activity, DTI's performance remained solid, with a 46% revenue growth in the Eastern Hemisphere segment, contributing 14% of total revenue [4][5] - The company anticipates continued uncertainty in the market, prompting a $6 million expense reduction program to align spending with customer activity levels [5][6] Outlook - DTI maintains its full-year 2025 revenue guidance of $145 million to $165 million, with adjusted EBITDA expected to range from $32 million to $42 million [6][29] - The adjusted EBITDA margin is projected to be between 22% and 25% for the year [6][29] - The company is committed to identifying cost reduction opportunities and maintaining operational flexibility in response to market challenges [5][6]

Core Viewpoint - Drilling Tools International Corp. (DTI) is set to report its second quarter financial results for 2025 on August 14, 2025, with a live conference call available for stakeholders [1][2]. Company Overview - DTI is a leading oilfield services company based in Houston, Texas, specializing in the manufacturing and rental of downhole drilling tools for horizontal and directional drilling of oil and natural gas wells [3]. - The company has been operational since 1984 and has a network of 15 service and support centers in North America, along with 11 international centers across the EMEA and APAC regions [3].

Company Overview - Drilling Tools International Corp. (DTI) is a global oilfield services company specializing in the design, engineering, manufacturing, and rental of tools for onshore and offshore horizontal and directional drilling operations [1][4] - The company has a history dating back to 1984 and operates 15 service and support centers in North America, along with 11 international centers across the EMEA and APAC regions [4] Conference Participation - DTI will participate in the Sidoti & Company June 2025 Small-Cap Virtual Conference on June 11-12, 2025 [1] - The company will webcast its investor presentation on June 12th at 12:15 PM EDT, with free registration available [2] - Management will also conduct virtual one-on-one meetings with investors during the conference [2] Investor Relations - A copy of the investor presentation will be available on the Investor Relations section of DTI's website [3] - A replay of the webcast will be archived on the company's Events and Presentations page following the event [3]

Core Insights - Drilling Tools International Corp. (DTI) reported a total consolidated revenue of $42.9 million for Q1 2025, with a 7.6% sequential growth and a 16% year-over-year increase [2][3] - The company has authorized a $10 million share repurchase program to enhance shareholder value, reflecting confidence in its long-term strategy and financial health [8][9] Financial Performance - Tool Rental revenue was approximately $34.5 million, while Product Sales revenue totaled $8.3 million [2] - Total Operating Expenses were $39.6 million, resulting in an Operating Income of $3.3 million and a Net Loss of approximately $1.7 million for the quarter [2][15] - Adjusted EBITDA for the quarter was $10.8 million, with an Adjusted Free Cash Flow of $5.7 million [2][29] Guidance and Market Outlook - The company has adjusted its annual guidance for 2025, projecting Revenue between $145 million and $165 million, Adjusted EBITDA between $32 million and $42 million, and Adjusted Free Cash Flow between $14 million and $19 million [6][31] - DTI anticipates potential market volatility due to factors such as tariffs, recession fears, and OPEC+'s production decisions, prompting a $6 million expense reduction program [4][6] Strategic Initiatives - The share repurchase program is part of DTI's disciplined capital allocation strategy, which also includes investments in maintenance, organic growth, and strategic acquisitions [8][9] - The company aims to optimize its capital structure and demonstrate a commitment to returning excess capital to shareholders through this program [9][10]

Company Overview - Drilling Tools International Corp. (DTI) is a global oilfield services company specializing in the design, engineering, manufacturing, and rental of tools for horizontal and directional drilling operations [1][3] - The company has been operational since 1984 and has 16 service and support centers in North America, along with 11 international centers in the EMEA and APAC regions [3] Upcoming Financial Results - DTI plans to report its first quarter financial results for 2025 on May 14, 2025, prior to a live conference call [1] - The conference call will be accessible via phone and webcast, starting at 10:00 a.m. Eastern Time [2] Conference Call Details - Participants can join the call by dialing 1-201-389-0869 or through the webcast link provided [2] - A replay of the call will be available until May 21, 2025, and an archive of the webcast will be accessible for 90 days after the event [2]