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NPK International raises 2026 adjusted EBITDA guidance to $97 million to $103 million
NPK International raised its full-year 2026 adjusted EBITDA guidance to a range of $97 million to $103 million while narrowing its revenue outlook to $313 million to $323 million. The company also reduced its 2026 net capital expenditure expectations to $65 million to $80 million, citing changes in the timing of manufacturing expansion expenditures, and reaffirmed the mid-2027 start-up date for its Louisiana expansion. Second-quarter revenue reached $82 million, with rental and service revenues hitting a quarterly record of $54 million and product sales contributing $28 million. Adjusted EBITDA for the quarter was $26 million, representing a 31.5% margin, and management noted that accelerated transitions tied to large-scale projects affected over 25% of the domestic mat fleet.