Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Forum Energy Technologies Q3 revenue rises; 2026 outlook lifted

By Reuters News


Overview

  • US oilfield equipment maker's Q3 revenue rose about 5% sequentially

  • Company raised full-year 2026 guidance citing strong demand and industry activity


Outlook

  • Forum Energy Technologies raises full-year 2026 revenue guidance to $900 mln-$920 mln

  • Company expects Q4 2026 revenue between $230 mln and $250 mln

  • Forum Energy Technologies sees full-year 2026 adjusted EBITDA of $123 mln-$129 mln


Result Drivers

  • BROAD-BASED GROWTH - Co said Q3 results reflected broad-based growth and continued market share gains

  • ACQUISITION IMPACT - Premiere Torque Rings acquisition expanded addressable market and contributed to segment revenue growth

  • PRODUCT DEMAND - Higher demand for sand and flow control solutions and valve products supported Artificial Lift and Downhole segment revenue


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$236.81 mln

$233.35 mln (2 Analysts)

Q3 Net Income

$11.23 mln

Q3 Gross Profit

$74.41 mln

Q3 Operating Expenses

$54.45 mln

Q3 Operating Income

$19.96 mln

Q3 Pretax Profit

$15.18 mln


Analyst Coverage

  • The one available analyst rating on the shares is "strong buy"

  • The average consensus recommendation for the oil related services and equipment peer group is "buy."

  • Wall Street's median 12-month price target for Forum Energy Technologies Inc is $99.00, about 8.9% above its October 28 closing price of $90.91

  • The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 21 three months ago


Reuters Recommended Reads

  • Oct 28 - Oilfield services firms lean on Middle East rebound but risks persist

  • Oct 27 - Nabors Q3 revenue beats estimates

  • Oct 27 - NOV Q3 revenue beats estimates on Middle East demand


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.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.
To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.
 

Cryptocurrency-related content is intended solely as news and market commentary. Crypto Derivatives are not available to Retail clients registered with Capital Com (UK) Ltd.