• Drilling Tools International reported Q1 2026 revenue of USD 38 million, down 11.48%, while net loss attributable to common stockholders narrowed to USD 1.5 million.
• Loss per share improved to USD 0.04, while tool rental revenue fell to USD 28.9 million.
• Adjusted EBITDA slid to USD 7.5 million, while adjusted free cash flow swung to a loss of USD 160,000.
• HHEP distributed remaining shares to limited partners, increasing public float and liquidity, while board changes marked a transition to a fully independent, broadly held public company.
• Full-year outlook reaffirmed, projecting revenue of USD 155 million to USD 170 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Drilling Tools International Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: DA54182) on May 07, 2026, and is solely responsible for the information contained therein.