$2.540
+0.061 (+2.42%)收盘时
DTI 资讯
DTI 事件
Four Corners Property Trust Acquires DTI Property for $4.7M
Four Corners Property Trust (FCPT) announced the acquisition of a Drilling Tools International property for $4.7M. Drilling Tools International (DTI) is a publicly traded oilfield services company that manufactures and rents downhole drilling tools used in horizontal and directional drilling of oil and natural gas wells. The property is a drilling equipment manufacturing and rental facility located in a strong industrial corridor in Louisiana and corporate-operated under a long-term, triple net lease with approximately 11 years of term remaining. The transaction was priced at a 7.1% cap rate including rent credits received at closing and exclusive of transaction costs.
Sees 2026 Adjusted EBITDA of $35M-$45M
Sees 2026 adjusted EBITDA $35M-$45M.
DTI Reports Q4 Revenue of $38.5M, CEO Emphasizes Capital Discipline
Reports Q4 revenue $38.5M vs. $39.85M. CEO Wayne Prejean stated, "Our strong Q4 results demonstrate our ability to consistently deliver favorable returns in the face of muted industry-wide activity levels...we exceeded our internal expectations for the quarter and again generated meaningful free cash flow...We also demonstrated prudent capital discipline in 2025 by simultaneously reducing debt and returning capital to shareholders through share buybacks. When the market softened mid-year, we were able to shift our focus away from growth capital expenditures and prioritize harvesting our cash flow. Leveraging this flexibility allowed us to pay down over $11M of debt in the second half of the year and buy back, approximately, an additional $660K of common shares over the same period. This strategic decision brought down our net debt to trailing twelve-month Adjusted EBITDA multiple to a conservative 1.1x, even after recently completing four acquisitions...Looking forward, we expect overall activity, particularly in 1H26, to remain relatively soft...as anticipated activity levels improve, we expect that the work we have done to strengthen DTI will deliver meaningful financial improvement. As an indication of the solid foundation we have built, we are introducing our 2026 outlook ranges that reflect year-over-year growth at the midpoint".
Drilling Tools sees 2025 revenue $145M-$165M vs. $154.45M in 2024
Sees 2025 adjusted EBITDA $32M-$42M.
Drilling Tools reports Q2 adjusted EPS (2c) vs. 10c last year
Reports Q2 revenue $39.4M vs. $37.53M last year. CEO Wayne Prejean stated, "Q2 played out largely as we expected with lower commodity prices resulting in reductions in rig count and customer activity, particularly on US land. As a result, our Western Hemisphere business was down from Q1. However, our performance in Q2 remained solid despite the continued activity decline. This enabled us to deliver financial results that exceeded our internal forecasts, which included our first positive Adjusted Free Cash Flow for any second quarter since becoming public...This momentum has allowed us to grow consolidated Revenue and Adjusted EBITDA compared to Q2 of 2024 by 5% and 4%, respectively, despite the market softness...While the market works to find its footing, we expect uncertainty to continue causing disruptions through both pricing pressure and utilization. In anticipation of these disruptions, last quarter we implemented a program to cut expenses by approximately $6 million this year to align our spending with the activity levels of our customers. We are pleased to report that we are on track to meet or exceed this goal. Should the market deteriorate further, we have contingency plans to cut additional costs. We remain committed to identifying cost reduction opportunities and maintaining operational flexibility to quickly respond to the current challenging environment."
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