PSI: revenue rose 18% on North American drilling strength
PSI's third-quarter revenue rose 18% and adjusted EBITDA 17%, while gaps in completions partly offset the gains.
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what happened
According to TradingView, PSI's third-quarter revenue grew 18% year on year. The main driver was strong North American drilling, and revenue per Industry Day hit a record.
Adjusted EBITDA increased 17%. However, weakness in completions offset part of those gains. The company expects activity and 2027 capital spending to increase.
why it matters
For oilfield services, revenue growth and expected higher activity in 2027 point to continued demand for drilling work. Uneven growth across business lines shows that not every part of the business is expanding at the same pace.
market impact
Oilfield services: higher activity and drilling demand supports the sector
- PSI shares pressure up — record revenue and EBITDA growth support investor interest in the stock
tags
instruments
sources
- PSI: North American Drilling drove 18% revenue growth as completions gaps partly offset gains — TradingView, 6 November 2026 at 19:47 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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