Forum Energy Technologies Raises 2026 Financial Guidance

The company cited strong demand and rising industry activity as it boosts its full-year revenue and EBITDA projections.

Updated on Oct. 30, 2026 in Oil and Gas

Isometric editorial illustration of a heavy-duty subsea drilling component, symbolizing the energy industry sector. — Forum Energy Technologies increased its 2026 full-year revenue outlook to $920 million, citing robust demand for its subsea drilling and flow-control equipment. AI Illustration. Upload story photo >

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Forum Energy Technologies reported $237 million in revenue for the third quarter of 2026 and raised its full-year guidance. The Houston-based firm now expects total revenue to reach between $900 million and $920 million for the year.

Why it matters

The company raised its outlook due to persistent strong demand for its products and improving conditions across the oil and gas industry. This adjustment reflects optimism that higher drilling activity will continue to benefit its bottom line through the end of the year.

Forum Energy Technologies reported $237 million in company-wide revenue for the third quarter of 2026, while the Drilling and Completions segment contributed $147 million. Adjusted EBITDA for the period reached $36 million.

The players

Forum Energy Technologies

This company supplies consumable products and capital equipment to the drilling, subsea, and stimulation markets.

Premiere Torque Rings

This entity was acquired by Forum Energy Technologies during the third quarter to support segment revenue growth.

The details

The firm's growth was bolstered by the recent acquisition of Premiere Torque Rings and high demand for sand and flow control solutions. The Drilling and Completions segment, which provides critical equipment to subsea and stimulation markets, maintains an adjusted EBITDA margin of 14.3%.

Q2 2026 served as a performance baseline for the company's yearly trajectory.
Q3 2026 results were released following the third quarter.
Q4 2026 revenue is projected to be between $230 million and $250 million.
2026 is the year for which the company has revised its financial guidance.
2027 is the expected period for sustained business momentum.

Market Landscape

The company's revenue growth closely follows the industry-wide activity metrics reflected in the Baker Hughes global rig count. This financial update mirrors broader consolidation trends as firms capitalize on increased equipment demand to secure market share.

Investors and stakeholders can anticipate shifts in the firm's valuation following the raised full-year guidance of $900 million to $920 million. The company's focus on demand-driven equipment growth suggests a potential stabilization in service availability for its energy sector clients.

The takeaway

The company's improved financial outlook highlights how strategic acquisitions and core product demand are fueling current growth in the energy services sector. Readers should monitor ongoing changes in global rig counts as a leading indicator for further performance fluctuations in this market.