Forum Energy (FET)
NYSE:FET
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Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.51Last Year’s EPS
-0.1Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed predominantly positive momentum: solid YoY top-line and profitability improvements, strong backlog and bookings, meaningful cost savings, product commercialization progress, and a constructive guidance raise. Near-term headwinds are limited and largely seasonal or temporary (Q1 free cash flow seasonality, coiled tubing delivery pushouts, product-mix margin impacts, and minor Middle East logistics disruptions). Balance sheet actions (share buybacks, credit extension) and conservative guidance assumptions further reinforce confidence.Company Guidance
Strong Year-over-Year Financial Growth
Revenue increased 8% YoY, adjusted EBITDA rose 14% YoY, and net income improved 300% YoY, reflecting operational improvement and favorable income tax mix.
Robust Backlog and Order Momentum
Orders were up 10% YoY with a book-to-bill of 106%. Backlog reached the highest level in 11 years and grew 44% compared to the prior-year quarter, supporting near-term revenue visibility.
Q1 Results and Q2 Outlook
First quarter revenue of $209 million (near top of guidance) and adjusted EBITDA of $23 million. Q2 guidance of $202M–$225M revenue and $24M–$30M EBITDA (midpoint EBITDA +32% YoY) and incremental margins of ~51% at midpoint.
Raised Full-Year EBITDA Guidance
Raised the bottom end of full-year EBITDA guidance from $90M to $95M and set midpoint at $103M (up 20% vs. 2025) while maintaining revenue guidance of $800M–$880M.
Cost Savings and Efficiency Gains
Completed structural cost-saving initiatives delivering $15 million of annualized savings; segment EBITDA benefited from cost savings and improved plant utilization.
Product Commercialization and Market Adoption
Multiple product wins and commercialization progress: DuraCoil 95 active on three continents; Unity remote ROV OS demonstrated and systems already in backlog; DuraLine manifold order for Argentina; FR-120 Iron Roughneck automation improving drilling efficiency by ~30%.
International and Subsea Strength
International revenue up 7%, offshore revenue +10%, and Subsea product line revenue up 20% as previously secured orders were executed; Quality Wireline set record revenue and greaseless cable sales.
Balance Sheet and Capital Allocation
Extended credit facility maturity to Feb 2031 with improved pricing, ended Q1 with net debt $121M (net leverage <1.4x, target <1.0x by year-end), repurchased ~93k shares for $5M, and reaffirmed full-year free cash flow guidance of $55M–$75M (targeting ~65% EBITDA to FCF conversion).
FET Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FET Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $62.87 | $58.74 | -6.57% |
Feb 19, 2026 | $53.03 | $57.86 | +9.11% |
Oct 30, 2025 | $32.12 | $32.22 | +0.31% |
Aug 07, 2025 | $18.16 | $22.17 | +22.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Forum Energy (FET) report earnings?
Forum Energy (FET) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is Forum Energy (FET) earnings time?
Forum Energy (FET) earnings time is at Jul 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FET EPS forecast?
FET EPS forecast for the fiscal quarter 2026 (Q2) is 0.51.