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Drilling Tools International Corporation has scheduled its 2026 third quarter financial results release and accompanying conference call for November 6, 2026.
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Drilling Tools Intl (NASDAQ:DTI) reported third-quarter financial results on Friday. The transcript from the company’s third-quarter earnings call has been provided below.This transcript is brought to you by Benzinga
Drilling Tools International reported a 7% sequential increase in revenue and a 14% rise in Adjusted EBITDA for the third quarter of 2026.
Filed: 2026-11-05 AccNo: 0001193125-26-449929 Size: 17 MB Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits
Transocean has received unconditional antitrust approval from Brazil's CADE for its $5.8 billion all-stock acquisition of Valaris, following earlier U.S. Department of Justice clearance. The deal, expected to close in Q4 2026, will create a 73-rig diversified fleet with over $200 million in cost synergies and a $10 billion backlog, positioning the combined company as an offshore drilling industry leader.
Energy sector M&A activity is accelerating with elevated crude prices around $90/barrel supporting strategic acquisitions. Crescent Energy is acquiring Devon Energy's Eagle Ford assets for $3.85 billion, Energy Transfer is acquiring Vaquero Midstream for $2.63 billion, Cenovus Energy is acquiring Athabasca Oil for C$5.7 billion, and Drilling Tools International is acquiring Saltire and Foxley for approximately $80 million in cash and stock. These transactions are expected to enhance operational efficiency, expand production capacity, and generate significant synergies for the acquiring companies.