Forum Energy Technologies Inc's Corporate Customers have recorded an advance in their cost of revenue by 9.41 % in the 1 quarter 2026 year on year, sequentially costs of revenue were trimmed by -6.56 %. During the corresponding time, Forum Energy Technologies Inc recorded a revenue increase by 7.82 % year on year, sequentially revenue grew by 3.45 %. While revenue at the Forum Energy Technologies Inc 's corporate clients recorded rose by 3.63 % year on year, sequentially revenue grew by 4.82 %.
Forum Energy Technologies Inc's Customers have recorded an advance in their cost of revenue by 9.41 % in the 1 quarter 2026 year on year, sequentially costs of revenue were trimmed by -6.56 %, for the same period Forum Energy Technologies Inc recorded revenue increase by 7.82 % year on year, sequentially revenue grew by 3.45 %.
Forum Energy Technologies Inc's Comment on Sales, Marketing and Customers
FET serves customers across various sectors, including oil and natural gas operators, oilfield service companies, pipeline and refinery operators, defense contractors, and renewable energy companies. Its products support drilling, well construction and completion activities, processing centers, and refineries. The company's capital products focus on drilling rig equipment, subsea construction, pressure pumping, production equipment placement, downstream capital projects, and renewable energy projects.
The Drilling and Completions segment supplies products to markets such as drilling, subsea, coiled tubing, well stimulation, and intervention, serving industries including oil and natural gas, renewable energy, defense, and communications. Product lines include drilling capital equipment and consumables, subsea remotely operated vehicles and trenchers, submarine rescue vehicles, pressure pumping equipment, wireline cable and pressure control equipment, and coiled tubing strings with related services.
Demand for FET's products is driven by global drilling activity, capital investment in rigs, offshore activity, government defense initiatives, subsea equipment installation and maintenance, offshore windfarm development, hydraulic fracturing activity, and workover and intervention activity. Approximately 80% of the company's 2025 revenue is expected to come from consumable products and activity-based equipment, with the remainder from capital products, rental, and other services.
News about Forum Energy Technologies Inc Contracts
Forum Energy Technologies, Inc. (NYSE: FET) has announced a delay in the issuance of its fourth quarter and full year 2023 earnings release and investor conference call. The company needs additional time to evaluate the impact of adjusting valuation allowance reserves in an international jurisdiction on income tax and net income. While no significant impact is expected on revenue, adjusted EBITDA, or free cash flow, this delay raises concerns about the company s performance and future prospects.In the third quarter, Forum Energy Technologies Inc saw a significant deterioration of 16.62% in costs of revenue for its corporate clients compared to the previous year. Sequentially, costs of revenue grew by 10.24%....
Forum Energy Technologies Inc’s Comment on Sales, Marketing and Customers
FET serves customers across various sectors, including oil and natural gas operators, oilfield service companies, pipeline and refinery operators, defense contractors, and renewable energy companies. Its products support drilling, well construction and completion activities, processing centers, and refineries. The company's capital products focus on drilling rig equipment, subsea construction, pressure pumping, production equipment placement, downstream capital projects, and renewable energy projects.
The Drilling and Completions segment supplies products to markets such as drilling, subsea, coiled tubing, well stimulation, and intervention, serving industries including oil and natural gas, renewable energy, defense, and communications. Product lines include drilling capital equipment and consumables, subsea remotely operated vehicles and trenchers, submarine rescue vehicles, pressure pumping equipment, wireline cable and pressure control equipment, and coiled tubing strings with related services.
Demand for FET's products is driven by global drilling activity, capital investment in rigs, offshore activity, government defense initiatives, subsea equipment installation and maintenance, offshore windfarm development, hydraulic fracturing activity, and workover and intervention activity. Approximately 80% of the company's 2025 revenue is expected to come from consumable products and activity-based equipment, with the remainder from capital products, rental, and other services.
Sources:
Forum Energy Technologies Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Forum Energy Technologies Inc’s corporate clients.
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