Forum Energy Technologies/$FET

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About Forum Energy Technologies

Forum Energy Technologies Inc is a manufacturing company serving the oil, natural gas, industrial, and renewable energy industries. Its products include engineered capital equipment, as well as products that are consumed in the drilling, well construction, production, and transportation of oil and natural gas. The company operates in two reportable segments: Drilling and Completions, and Artificial Lift and Downhole. Maximum revenue is generated from the Drilling and Completions segment, which offers products used in the drilling process, and other products like hydraulic fracturing pumps, ROVs and trenchers, submarine rescue vehicles, etc. Geographically, the firm generates maximum revenue from the U.S., followed by Canada, Middle East, Europe and Africa, Asia-Pacific, and Latin America.
Ticker
$FET
Sector
Energy
Primary listing
NYSE
Employees
1,700
Headquarters
Houston, United States
Website
f-e-t.com

FET Metrics

BasicAdvanced
$923M
-
-$0.14
0.56
-

Bulls say / Bears say

FET delivered a strong second quarter, with revenue up 8% sequentially, adjusted EBITDA up 39%, and orders of $236 million against revenue of $226 million. Management responded by raising full-year revenue guidance to $870–910 million and adjusted EBITDA guidance to $115–125 million. (Forum Energy Technologies, Forum Energy Technologies)
Operational improvements are lifting profitability even without a major industry boom. Facility consolidation, better plant utilisation and a higher-value product mix expanded gross and adjusted EBITDA margins by 230 and 300 basis points respectively in the second quarter. (Forum Energy Technologies, Forum Energy Technologies)
FET has additional growth avenues beyond its core North American oilfield markets, including subsea aftermarket work, Middle Eastern applications and stationary cooling equipment for power generation and data centres. Management says these opportunities could expand its addressable markets by more than 50% over five years. (FET Earnings Call Transcript, MarketBeat)
Demand is improving, but management said in May that activity was steady rather than a boom and that it had not yet achieved genuine price increases. That leaves FET exposed to a slowdown in oilfield spending and limits near-term pricing power. (The Motley Fool, Forum Energy Technologies)
The balance sheet is better, but FET still carries expensive secured debt, including $100 million of bonds paying 10.5% interest until 2029. A weaker cycle could therefore divert a meaningful share of cash flow to interest rather than investment or buybacks. (Forum Energy Technologies, CrudeIR)
The raised outlook still needs a strong second half: the low end of third-quarter revenue guidance is roughly flat with the second quarter, while the full-year free-cash-flow target implies a heavily back-ended cash harvest. Failure to convert backlog could make the upgraded guidance difficult to sustain. (Forum Energy Technologies, FrontierPicks)
Data summarised monthly by Lightyear AI. Last updated on 20 Sept 2026.

FET News

AllArticlesVideos

Forum Energy Technologies Targets $1.6B Revenue by 2030 in Five-Year Growth Plan

MarketBeat4 weeks ago

Forum Energy Technologies Targets $1.6B Revenue Path by 2030 at EnerCom Conference

MarketBeat1 month ago

Forum Energy Technologies to Present at EnerCom Denver – The Energy Investment Conference

Business Wire1 month ago

Funds containing FET

Funds
Fund name
Fund size
$FET weighting
SPDR Russell 2000 US Small Cap€R2US
€4.8B0.03%
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