NCS Multistage 2Q rev. $36.5M

NCS Multistage 2Q rev. $36.5M

Houston, TX — NCS Multistage Holdings, Inc. (Nasdaq: NCSM) has released its financial results for the second quarter of 2025, showcasing a notable improvement in its financial performance. The company reported total revenues of $36.5 million, marking a 23% year-over-year increase [1].

Key highlights from the report include:
- Revenue Growth: Total revenues grew by 23% year-over-year, driven primarily by increased fracturing systems activity and frac plug sales in Canada and the United States.
- Net Income: Net income for the quarter ended June 30, 2025, was $0.9 million, compared to a net loss of $(3.1) million in the second quarter of 2024.
- Adjusted EBITDA: Adjusted EBITDA increased to $2.2 million, up $1.3 million from the same period last year.
- Cash Position: The company ended the quarter with $25.4 million in cash and $7.7 million in total debt.
- Acquisition of Reservoir Metrics: NCS announced the acquisition of Reservoir Metrics, LLC, a leader in reservoir analysis utilizing chemical tracer technology, for $5.9 million.

The company's Chief Executive Officer, Ryan Hummer, commented on the results, stating, "Our team at NCS has continued to enable strong operational and financial performance in an industry and market environment marked by uncertainty. Our revenue and Adjusted EBITDA for the second quarter exceeded the high end of the expectations we provided in our last earnings call and our year-over-year revenue improvement for the quarter of 23% outperformed industry activity levels, demonstrating the value we bring to our customers" [1].

Looking ahead, NCS remains cautiously optimistic about the second half of 2025, despite ongoing market uncertainties such as continued U.S. rig count declines and potential oversupply in the oil market. The company's strong balance sheet and strategic acquisition of Reservoir Metrics position it well to navigate these challenges and continue delivering value to shareholders.

References:
[1] https://www.globenewswire.com/news-release/2025/07/31/3125427/0/en/ncs-multistage-holdings-inc-announces-second-quarter-2025-results.html