FET Forum Energy Technologies Inc

$FET $68 million of combined EBITDA over the last 2 quarters. I’m pretty comfortable assuming 2 quarters from now the TTM number is $140 million. Net debt just over $90 million today will be somewhere around $50 million by then. We’ve been trading over 10x which there’s no reason to bring down given momentum to 2030 growth targets. $1.4 billion EV > $1.35 billion equity value. Probably have 11.5 million shares outstanding after equity incentives gets you just under $120 5 months from now

$FET momentum continues. Proceed with the move to the promised land. Will have more thoughts tonight when I get some time.

$FET post-Covid high with $OIH still 16-17% of 2026 highs… not a bad setup going into earnings

$FET Good morning, Fettyland! ☀️ The sun is rising, the tide is turning, and the fundamentals are finally doing the talking. Strong earnings, brighter guidance, and a little wind at our backs. The market may still be sleeping, but this bull has had his coffee. ☕🐂 Will be monitoring the call from The Shoals, gonna be a great Friday

$FET Q3 '26 Earnings Results & Recap • Reported GAAP EPS of $1.51 up 459.26% YoY • Reported revenue of $236.81M up 20.68% YoY • Forum Energy Technologies raised full-year 2026 guidance to revenue of $900 to $920M, adjusted EBITDA of $123 to $129M, adjusted net income of $52 to $58M, and free cash flow of $66 to $71M.

$FET reports earnings today after the close. I used Stock Meadow’s earnings dashboard to review its history: FET has beaten EPS estimates in 4 of its last 8 reports.

$FET is ranked #5 in energy momentum. I used Stock Meadow’s scoring model to review the scores. What do you think?

$FET Price: $78.76 Volume: Average or below Catalyst: Recent strength in oilfield services names as rig count stabilizes and drillers signal steady 2024 capex. Resistance: $84.50 Support: $73.20 Bull case: Reclaiming $80 on rising volume could spark a push toward $84.50 as buyers regain control. Bear case: A drop below $73.20 on heavy volume opens the door to a deeper slide toward the low $60s. What I'm watching: Need volume to confirm any move through $80 before trusting the breakout. Note: I’m not a financial advisor or a market predictor, and I don’t offer any premium subscriptions or paid services. Feel free to check out the link in my bio: