EarningsQ2 2026 Earnings Report
DE:3PS Q2 2026 EPS Results
Actual EPS€0.11
Consensus EPS€0.08
Beat/MissBeat by +€0.03
One Year Ago EPS€0.10
DE:3PS Q2 2026 Revenue Results
Actual Revenue€62.47M
Expected Revenue€60.84M
Beat/MissBeat by +€1.63M
YoY Revenue Growth+4.53%
Earnings Announcement Details
QuarterQ2 2026
Date08/11/2026
TimeAfter Close
Conference CallTuesday, August 11, 2026
DE:3PS Upcoming Earnings
Pason Systems's next earnings date is estimated for November 5, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive operational and financial update: consolidated revenue and adjusted EBITDA rose, North American drilling delivered strong operating leverage and record revenue per industry day, funds flow improved markedly, and the balance sheet is strong with no debt. Offsetting items include softer international activity, higher depreciation/amortization tied to recent acquisitions and investments, modest free cash flow after capex and increased accounts receivable, and the lower-margin nature of earlier-stage growth segments. Management emphasized disciplined capital allocation and a clear multi-year growth strategy.Company Guidance
Consolidated Revenue Growth
Consolidated revenue of $101.0M in Q2 2026, a 5% increase versus $96.4M in Q2 2025.
Improved Profitability and Margins
Adjusted EBITDA of $35.7M (35.4% of revenues) compared with $31.6M (32.7% of revenues) a year ago, reflecting margin expansion.
North American Drilling Outperformance
North American Drilling revenue of $67.1M, up 7% YoY from $62.5M; record revenue per industry day of $1.08k, up 5% YoY; segment gross profit up 14% to $38.6M while operating expenses declined ~3%, demonstrating strong operating leverage.
Completions Revenue and Pricing Momentum
Completions revenue grew 3% YoY to $15.9M (from $15.3M); revenue per IWS day increased 11% YoY to $5.63k, and active jobs increased sequentially (28 → 31), indicating improving pricing/realization despite slightly fewer average active jobs year over year.
Strong Cash Generation and Funds Flow
Funds flow from operations totaled $33.5M, a 27% increase YoY; cash from operating activities was $20.5M; ended quarter with $68.3M cash, $107M working capital, and no interest-bearing debt.
Disciplined Capital Allocation and Shareholder Returns
Returned $11.5M to shareholders in the quarter (dividends $10.1M, buybacks $1.4M) while maintaining a regular dividend of $0.13 per share and targeting FY capex of $60–$70M to support growth.
Strategic Positioning and Long-Term Targets
Management reiterated a medium-term goal to double revenue from 2023 levels over a 5–7 year horizon and outlined five growth vectors (scaling completions, product adoption, new technologies like mud analyzer, international expansion, and data management).
DE:3PS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed