NCS Multistage Q2 revenue rises ahead of Weatherford deal close
NCSM•Second-quarter revenue rises, but EBITDA misses estimates
NCS Multistage said second-quarter revenue rose 5% year over year, helped by U.S. sales growth from Repeat Precision and U.S. tracer diagnostics, along with gains from new product commercialization and a larger customer base.
The company reported a net loss versus a profit a year ago, and adjusted EBITDA declined year over year. Revenue came in at $38.40 million, above the $37.87 million consensus estimate from two analysts, while adjusted EBITDA was $1.90 million, below the $2.76 million estimate.
Canada weakness offset by services growth and pending Weatherford deal
Lower fracturing systems activity in Canada weighed on results, as customer project delays and consolidation reduced activity.
Services revenue increased, mainly reflecting the contribution from ResMetrics, which NCS acquired in July 2025.
The company reiterated that its previously disclosed merger with Weatherford is expected to close in the second half of 2026.
