NCS Multistage Reports Strong Q3 2025 Results
NCS Multistage Holdings, Inc. reported a 6% year-over-year revenue increase in Q3 2025, totaling $46.5 million. Net income slightly declined to $3.8 million, but the company maintains a strong financial position with $25.3 million in cash and minimal debt. Key highlights include stable adjusted EBITDA of $7.0 million and improved cash flow from operations. The acquisition of Reservoir Metrics, LLC positively impacted revenue. NCS aims to sustain momentum despite challenges like reduced drilling activity in Canada and market oversupply concerns, focusing on innovation and shareholder value.
NCS Multistage Holdings, Inc. is a prominent provider of engineered products and services aimed at optimizing oil and natural gas well construction and completions, primarily serving exploration and production companies in North America and select international markets. In its third quarter of 2025, NCS Multistage Holdings reported a revenue increase of 6% year-over-year, reaching $46.5 million. Despite a slight decline in net income to $3.8 million from $4.1 million the previous year, the company maintained a strong financial position with $25.3 million in cash and minimal debt. Key financial highlights include a stable adjusted EBITDA of $7.0 million and a notable improvement in cash flow from operations, which increased by $7 million over the first nine months of 2025 compared to 2024. The acquisition of Reservoir Metrics, LLC contributed positively to revenue and operational integration is ahead of schedule, positioning NCS as a potential leader in reservoir analysis. Looking forward, NCS Multistage Holdings aims to sustain its momentum through the end of the year, despite facing challenges such as reduced drilling activity in Canada and potential market oversupply concerns. The company remains committed to its strategic initiatives, leveraging its strong operational teams to drive innovation and shareholder value.
