{"success":true,"data":{"pressRelease":{"id":"17162","rtpr_id":"nNFC7BXs9M","ticker":"NCSM","exchange":"NASDAQ","all_tickers":["NCSM"],"title":"Stonegate Updates Coverage on NCS Multistage Holdings, Inc. (NCSM) Q126","author":"Newsfile Corp","published_at":"2026-05-01T13:47:05.854Z","article_body":"Dallas, Texas--(Newsfile Corp. - May 1, 2026) - NCS Multistage Holdings, Inc.\n(NASDAQ: NCSM): Stonegate Capital Partners Updates Coverage on NCS Multistage\nHoldings, Inc. (NASDAQ: NCSM). NCSM's 1Q26 came in below expectations as\nCanada and select international projects weighed on results, while continued\nU.S. momentum helped offset the shortfall. In our view, the quarter does not\nchange the core thesis around U.S. product momentum, ResMetrics integration,\nand the Company's capital-light model, but it does highlight the timing risk\nembedded in Canada seasonality and project-based international work. The key\nchange is cadence, with 2Q26 guidance implying a softer near-term trough and\nmaintained FY26 Adjusted EBITDA guidance pointing to a more back-half-weighted\nrecovery tied to deferred Canadian work, recurring Repeat Precision activity,\nand ResMetrics synergies. Separately, management noted that 2026 guidance\nexcludes potential sliding sleeve deliveries for its first deepwater Gulf of\nMexico opportunity, which could materialize in late 2026 or early 2027.\n\nTo view the full announcement, including downloadable images, bios, and more,\nclick here (https://api.newsfilecorp.com/redirect/ano5BiML28).\n\nKey Takeaways:\n* 1Q26 missed on Canada/international timing, but U.S. revenue more than\ndoubled, preserving the thesis.\n* FY26 EBITDA guide was maintained, shifting focus to 2H recovery and Repeat\nPrecision execution.\n* Positive FCF and $53M liquidity support ResMetrics integration, capacity\nexpansion, and growth investment.\n(https://api.newsfilecorp.com/redirect/24GAms1P2r)\n\nClick image above to view full announcement.\n\nAbout StonegateStonegate Capital Partners is a leading capital markets\nadvisory firm providing investor relations, equity research, and institutional\ninvestor outreach services for public companies. Our affiliate, Stonegate\nCapital Markets (member FINRA) provides a full spectrum of investment banking,\nequity research and capital raising for public and private companies.\n\nContacts:\n\nStonegate Capital Partners\n(214) 987-4121\ninfo@stonegateinc.com\n\nSource: Stonegate, Inc. (https://api.newsfilecorp.com/redirect/Mqogyhqpn7)\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/295431","article_body_html":"","raw_payload":{"data":{"id":"nNFC7BXs9M","title":"Stonegate Updates Coverage on NCS Multistage Holdings, Inc. (NCSM) Q126","author":"Newsfile Corp","ticker":"NCSM","created":"2026-05-01T13:47:05.854Z","tickers":["NCSM"],"exchange":"NASDAQ","article_body":"Dallas, Texas--(Newsfile Corp. - May 1, 2026) - NCS Multistage Holdings, Inc.\n(NASDAQ: NCSM): Stonegate Capital Partners Updates Coverage on NCS Multistage\nHoldings, Inc. (NASDAQ: NCSM). NCSM's 1Q26 came in below expectations as\nCanada and select international projects weighed on results, while continued\nU.S. momentum helped offset the shortfall. In our view, the quarter does not\nchange the core thesis around U.S. product momentum, ResMetrics integration,\nand the Company's capital-light model, but it does highlight the timing risk\nembedded in Canada seasonality and project-based international work. The key\nchange is cadence, with 2Q26 guidance implying a softer near-term trough and\nmaintained FY26 Adjusted EBITDA guidance pointing to a more back-half-weighted\nrecovery tied to deferred Canadian work, recurring Repeat Precision activity,\nand ResMetrics synergies. Separately, management noted that 2026 guidance\nexcludes potential sliding sleeve deliveries for its first deepwater Gulf of\nMexico opportunity, which could materialize in late 2026 or early 2027.\n\nTo view the full announcement, including downloadable images, bios, and more,\nclick here (https://api.newsfilecorp.com/redirect/ano5BiML28).\n\nKey Takeaways:\n* 1Q26 missed on Canada/international timing, but U.S. revenue more than\ndoubled, preserving the thesis.\n* FY26 EBITDA guide was maintained, shifting focus to 2H recovery and Repeat\nPrecision execution.\n* Positive FCF and $53M liquidity support ResMetrics integration, capacity\nexpansion, and growth investment.\n(https://api.newsfilecorp.com/redirect/24GAms1P2r)\n\nClick image above to view full announcement.\n\nAbout StonegateStonegate Capital Partners is a leading capital markets\nadvisory firm providing investor relations, equity research, and institutional\ninvestor outreach services for public companies. Our affiliate, Stonegate\nCapital Markets (member FINRA) provides a full spectrum of investment banking,\nequity research and capital raising for public and private companies.\n\nContacts:\n\nStonegate Capital Partners\n(214) 987-4121\ninfo@stonegateinc.com\n\nSource: Stonegate, Inc. (https://api.newsfilecorp.com/redirect/Mqogyhqpn7)\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/295431"},"type":"article","timestamp":"2026-05-01T13:47:05.88652408Z","server_sent_at_ms":1777643225886},"received_at":"2026-05-01T13:47:07.137Z","source_url":"https://www.newsfilecorp.com/release/295431"},"analysis":{"id":"12641","press_release_id":"17162","analysis_json":{"industry":{"label":"Energy","sector":"Energy"},"redFlags":["timing risk embedded in Canada seasonality and project-based international work"],"eventType":"earnings","narrative":"Stonegate Capital Partners noted that NCSM missed 1Q26 expectations due to timing issues in Canada and select international markets, although U.S. revenue more than doubled to help offset the shortfall.\n\nDespite the quarterly miss, the company maintained its FY26 Adjusted EBITDA guidance, pointing to a recovery weighted toward the second half of the year driven by deferred Canadian work and ResMetrics synergies.\n\nThe firm highlighted $53 million in liquidity and positive free cash flow to support integration and growth, while noting that current guidance excludes potential upside from a new Gulf of Mexico deepwater opportunity.","sentiment":"mixed","agentHooks":{"shouldPost":true,"suggestedAngle":"Q1 miss offset by maintained FY guidance and strong U.S. momentum; thesis holds despite seasonal headwinds."},"keyFigures":{"customDimensions":{"liquidity_usd":53000000}},"quotedText":"NCSM's 1Q26 came in below expectations as Canada and select international projects weighed on results, while continued U.S. momentum helped offset the shortfall.","namedEntities":{"people":[],"products":["ResMetrics","Repeat Precision","sliding sleeve"],"companies":[{"name":"NCS Multistage Holdings, Inc.","ticker":"NCSM"},{"name":"Stonegate Capital Partners","relationship":"analyst / investor relations"},{"name":"Stonegate Capital Markets","relationship":"affiliate"}],"dollarAmounts":[{"amount":"$53M","context":"liquidity"}]},"materialImpact":{"score":3,"reasoning":"1Q26 results missed expectations due to international and Canadian timing issues, but the company maintained FY26 EBITDA guidance and reported strong U.S. revenue growth, suggesting the core thesis remains intact."},"tickerRelevance":{"others":[],"primary":"NCSM"},"globalImportance":25,"audienceRelevance":20,"eventTypeSecondary":["guidance_update"],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"earnings_recap","sectorWeight":"energy"}},"event_type":"earnings","event_type_secondary":["guidance_update"],"sentiment":"mixed","material_impact_score":3,"narrative":"Stonegate Capital Partners noted that NCSM missed 1Q26 expectations due to timing issues in Canada and select international markets, although U.S. revenue more than doubled to help offset the shortfall.\n\nDespite the quarterly miss, the company maintained its FY26 Adjusted EBITDA guidance, pointing to a recovery weighted toward the second half of the year driven by deferred Canadian work and ResMetrics synergies.\n\nThe firm highlighted $53 million in liquidity and positive free cash flow to support integration and growth, while noting that current guidance excludes potential upside from a new Gulf of Mexico deepwater opportunity.","key_figures":{"customDimensions":{"liquidity_usd":53000000}},"named_entities":{"people":[],"products":["ResMetrics","Repeat Precision","sliding sleeve"],"companies":[{"name":"NCS Multistage Holdings, Inc.","ticker":"NCSM"},{"name":"Stonegate Capital Partners","relationship":"analyst / investor relations"},{"name":"Stonegate Capital Markets","relationship":"affiliate"}],"dollarAmounts":[{"amount":"$53M","context":"liquidity"}]},"model_name":"glm-4.7","prompt_hash":"sha256:a2703c5a1b5285fe","schema_hash":"sha256:1f8af1196c7db48c","created_at":"2026-05-01T14:20:37.250Z","global_importance":25,"audience_relevance":20,"importance_components":{"tickerTier":"small-cap","eventGravity":"earnings_recap","sectorWeight":"energy"}},"durationMs":117943,"modelName":"glm-4.7"}}