NPK International
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NPK International (NR) investor relations material

NPK International Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary30 Oct, 2026

Executive summary

  • Q3 revenue rose 11% YoY to $76.3M and adjusted EBITDA increased 30% to $20.0M, despite exceptionally dry Texas weather and delayed mat deployments.

  • FY26 guidance was reduced after weather-related rental pressure; long-term double-digit rental growth expectations remain unchanged, supported by infrastructure demand and investment.

  • Fleet utilization recovered from the low-60s at the start of Q4 to the mid-70s by October.

Financial highlights

  • Q3 revenue was $76.3M versus $68.8M YoY; operating income was $9.2M versus $9.1M, and net income was $6.1M versus $5.7M.

  • Q3 adjusted EBITDA was $20.0M versus $15.4M; adjusted EPS was $0.09 versus $0.07, while GAAP diluted EPS was $0.07.

  • 9M revenue rose 15% to $232.9M; adjusted EBITDA increased 27% to $68.1M, and diluted EPS was $0.33 versus $0.28.

  • Q3 operating cash flow was $7.1M versus $24.7M YoY; 9M operating cash flow was $50.1M versus $55.0M.

  • Q3 gross profit was $24M and gross margin was 31.3%, down 60 bps YoY.

Outlook and guidance

  • FY26 guidance: revenue $300M–$305M and adjusted EBITDA $90M–$93M; midpoint implies 9% revenue and 21% adjusted EBITDA growth over 2025.

  • Q4 R&S revenue is expected to grow mid-teens YoY, with a quarterly record; product sales are planned in the mid-teens, leaving FY sales roughly in line with 2025.

  • Q4 gross and adjusted EBITDA margins are expected to return to 1H levels; FY26 adjusted EBITDA margin target remains 30%.

  • FY26 net CapEx guidance is $70M–$75M, including $40M–$45M for fleet expansion and approximately $20M for manufacturing; 2027 R&S growth expectation is mid-teens.

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Frequently asked questions

Newpark Resources Inc provides environmentally focused products, rentals, and services for the energy and industrial markets. The company operates in two segments: drilling fluids and mats and integrated services, serving oil and gas, utility, and infrastructure sectors. The company is headquartered in The Woodlands, Texas, and its shares are listed on the NYSE.