Drilling Tools International Corporation — 2026 Third Quarter Earnings Summary

Drilling Tools International Corporation reported a net loss of $2.6 million, or $0.07 per share, for the third quarter of 2026, with total consolidated revenue reaching $40.6 million. The company achieved an Adjusted EBITDA of $9.5 million and Adjusted Free Cash Flow of approximately $3.8 million, marking sequential growth in revenue and profitability compared to the previous quarter. Management announced an agreement to acquire Saltire Energy Limited and Foxley Energy Limited, a transaction expected to close in the first quarter of 2027 and increase the Eastern Hemisphere business share to approximately 40% of pro forma revenue. Consequently, the company raised its full-year 2026 capital expenditure outlook to $22 million–$23 million and revised its Adjusted Free Cash Flow guidance to $13 million–$22 million.