Forum Energy reveals plans for secondary listing on NYSE Texas
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 18 2025
0mins
Should l Buy FET?
Announcement of Listing: Forum Energy has announced a secondary listing of its common stock.
Exchange Details: The listing will take place on NYSE Texas.
Market Impact: This move may enhance the company's visibility and trading liquidity.
Contextual Note: The information is based on data available up to October 2023.
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Analyst Views on FET
About FET
Forum Energy Technologies, Inc. is a global manufacturing company serving the oil, natural gas, industrial and renewable energy industries. Its segments include Drilling and Completions and Artificial Lift and Downhole. The Drilling and Completions segment designs, manufactures and supplies products and solutions to the drilling, subsea, coiled tubing, well stimulation and intervention markets, including applications in the oil and natural gas, renewable energy, defense and communications industries. The products and solutions include capital equipment and consumable products, wireline cable and pressure control equipment, and coiled tubing strings and pressure control equipment. The Artificial Lift and Downhole segment designs, manufactures and supplies products and solutions for the artificial lift, well construction, production and infrastructure markets. Its products include well construction casing and cementing equipment, customized downhole technology solutions, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Executive Predictions: Ethereum founder Vitalik Buterin believes that the convergence of blockchain technology and AI can enhance market and government efficiency, and if successful, it could yield substantial returns for Ethereum investors.
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- Credit Limit Status: The Canadian letter of credit for Forum Energy Technologies remains at $10 million.
- Financial Implications: This credit limit indicates the company's financial standing and potential for future investments or projects.
See More
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- Maturity Date Extended: The maturity date for Forum Energy Technologies has been extended to February 4, 2031.
- SEC Filing: This extension has been documented in a filing with the Securities and Exchange Commission (SEC).
See More
Forum Energy Technologies Amends Credit Facility to Enhance Financial Flexibility
- Credit Facility Amendment: Forum Energy Technologies announced an amendment to its $250 million asset-based lending credit facility, extending maturity to February 2031, which enhances the company's financial flexibility to support strategic investments and long-term debt retirement.
- Increased Credit Limit: The amended agreement raises the total amount of letters of credit to $110 million, providing the company with greater funding support for future acquisition opportunities and organic investments, thereby further solidifying its market position.
- Optimized Interest Rate Structure: The borrowing interest rate structure has been modified to an excess availability-based pricing model, which is expected to lower the company's financial burden and improve profitability through reduced financing costs.
- Management Outlook: CFO Lyle Williams remarked that the amendment reflects strong support from the bank group and underscores the company's commitment to achieving its FET 2030 goals, which is anticipated to drive continued growth in the oil, gas, defense, and renewable energy sectors.
See More
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- Earnings Call Announcement: Forum Energy Technologies will host its fourth quarter and full year 2025 earnings conference call on February 20, 2026, at 10:00 a.m. Central Time, issuing a press release beforehand to ensure timely information for investors.
- Webcast Availability: The call will be webcast through the Investor Relations link on FET's website, allowing global investors to participate in real-time and access the latest financial data.
- Replay Accessibility: A replay of the call will be available on the Investor Relations website after the call concludes, expected to be accessible around 5:00 p.m. Central Time, providing convenience for investors who could not attend live.
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See More
