NCS Multistage Holdings, Inc. NCSM

What this company does

NCS Multistage Holdings, Inc. provides products and services, including fracturing systems, enhanced oil recovery systems, well construction products and tracer diagnostics services, primarily to exploration and production companies for use in onshore and offshore oil and natural gas wells, predominantly those drilled with horizontal laterals. As of December 31, 2025, it had 272 full-time employees, of whom 153 were based in the United States, 109 in Canada and 10 outside North America. Its products and services are utilized in oil and natural gas basins throughout North America and in selected international markets including the North Sea, the Middle East and Argentina, and it provided them to more than 230 customers in 2025, including large independent oil and natural gas companies and major oil companies. Its fracturing systems products and services include casing-installed sliding sleeves, which customers typically purchase as consumable products cemented at intervals into the casing of the wellbore, and a downhole frac isolation assembly, the use of which is supervised by company personnel during completion operations. Repeat Precision, LLC, a consolidated entity in which the company holds a 50% controlling interest, sells composite and dissolvable frac plugs, setting tools, perforating guns and related products directly to customers and provides machining services for NCS products. The company sells products for well construction, including casing buoyancy systems, liner hanger systems and toe initiation sleeves, which customers use to install casing and production liners, facilitate cementing operations and initiate a flow path into the formation at the commencement of stimulation operations. It also provides tracer diagnostics services for well completion and reservoir characterization that utilize downhole chemical tracers, which customers use to characterize their assets and optimize completion designs. The company was incorporated in Delaware on November 28, 2012 under the name "Pioneer Super Holdings, Inc." and changed its name to "NCS Multistage Holdings, Inc." on December 13, 2016.

Written from the business description in NCS Multistage Holdings, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 5 March 2026. Every sentence was checked against that document before publication.