DTI Reports Q4 Revenue of $38.5M, CEO Emphasizes Capital Discipline
Reports Q4 revenue $38.5M vs. $39.85M. CEO Wayne Prejean stated, "Our strong Q4 results demonstrate our ability to consistently deliver favorable returns in the face of muted industry-wide activity levels...we exceeded our internal expectations for the quarter and again generated meaningful free cash flow...We also demonstrated prudent capital discipline in 2025 by simultaneously reducing debt and returning capital to shareholders through share buybacks. When the market softened mid-year, we were able to shift our focus away from growth capital expenditures and prioritize harvesting our cash flow. Leveraging this flexibility allowed us to pay down over $11M of debt in the second half of the year and buy back, approximately, an additional $660K of common shares over the same period. This strategic decision brought down our net debt to trailing twelve-month Adjusted EBITDA multiple to a conservative 1.1x, even after recently completing four acquisitions...Looking forward, we expect overall activity, particularly in 1H26, to remain relatively soft...as anticipated activity levels improve, we expect that the work we have done to strengthen DTI will deliver meaningful financial improvement. As an indication of the solid foundation we have built, we are introducing our 2026 outlook ranges that reflect year-over-year growth at the midpoint".
