EquipmentShare Sets 2026 Revenue Target of $5.9B Amid Strong Q3 Growth
EquipmentShare (EQPT) reported strong third-quarter performance, highlighted by a 32% year-over-year increase in Operating Equipment Cost (OEC). The company's rental segment showed significant momentum, with revenue growing by 49% and adjusted EBITDA increasing by 52% compared to the previous year. Looking ahead, management has issued ambitious long-term guidance, targeting $5.9 billion in revenue and $2.2 billion in adjusted core EBITDA by 2026. A key component of this growth strategy involves a major expansion into natural gas power, with plans to scale capacity to nearly 1 GW.
Tickers: $EQPT
Topics: EBITDA OEC growth rental segment performance revenue growth
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