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

Forum Energy Technologies (FET) presented at the Midwest IDEAS Conference, highlighting growth, cash generation, and valuation. Revenue rose from $540M in 2021 to a 2026 midpoint guidance of $890M, with EBITDA increasing from $20M to $120M. Adjusted cash flow grew at a 46% CAGR, driven by market share gains, acquisitions, and a capital-light model. The company plans 15% annual revenue growth through 2030, with shares up 205% over one year. Management argues the stock remains undervalued relative

Forum Energy Technologies (FET) aims for $1.6B revenue by 2030, citing a 10% CAGR over five years and 158% stock price increase in the past year. The company plans market-share gains, with 36% share in leadership markets and 8% in growth markets. FET has reduced debt by 67% and repurchased 1.5M shares, with a 17% free-cash-flow yield estimated for 2026.

Forum Energy Technologies (NYSE: FET) shares rose nearly 22% after it reported Q2 results. The company posted $226M revenue, up over 8% YoY, and adjusted net income of $13.7M, or $1.16 per share, versus a prior-year loss. It also raised 2026 guidance to $870M-$910M revenue and $42M-$52M adjusted net income.

The Texas-based oilfield products company released the data for the period ended Jun. 30 after markets closed Thursday. Revenue, Margins Beat Expectations Forum Energy reported revenue of $226.22 million against the expected $212.35 million, beating estimates by 6.53%. This marks an increase of roughly 8.4% from first-quarter revenue of $208.70 million, driven by stronger demand across its Drilling and Completions segment.

FORUM ENERGY TECHNOLOGIES, INC. (FET) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Forum Energy Technologies Announces Second Quarter 2026 Results; Raises Full Year 2026 Guidance • Orders: $236 million, book-to-bill ratio of 104% • Revenue: $226 million, up 8% sequentially • Net income and earnings per share: $12 million and $1.05, up 176% and 169%

Frontier Energy appointed Monford as EPC contractor for its 132MWdc solar plus 81.5MW/562MWh battery project in Western Australia. Monford began detailed design under an interim agreement, with full mobilisation set for Sept 2026 and first generation targeted in 2H 2028. Frontier secured up to AU$280m project debt from Natixis CIB and Sumitomo Mitsui and AU$110m conditional equity at AU$0.20/share.