Drilling Tools International Corp. ( (DTI) ) has released its Q2 earnings. Here is a breakdown of the information Drilling Tools International Corp. presented to its investors.
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Drilling Tools International Corp. (DTI) is a Houston-based oilfield services company specializing in the design, engineering, and rental of tools for horizontal and directional drilling operations in the oil and gas industry.
In its second-quarter earnings report for 2025, DTI reported a total consolidated revenue of $39.4 million, with tool rental revenue contributing $32.8 million and product sales $6.7 million. Despite a net loss of $2.4 million, the company achieved a positive adjusted free cash flow for the first time in a second quarter since going public.
Key financial highlights include an adjusted EBITDA of $9.3 million and a significant 46% revenue growth in the Eastern Hemisphere segment, which now accounts for 14% of total revenue. The company has also implemented a cost-cutting program aimed at reducing expenses by $6 million to align with current market conditions.
Looking ahead, DTI maintains its full-year outlook, projecting revenues between $145 million and $165 million, with adjusted EBITDA ranging from $32 million to $42 million. The company remains focused on cost reduction and operational flexibility to navigate the challenging market environment.