STEP Energy Services’ Perspective in Q2: KEY Takeaways
By 2023, STEPplans to convert 17% of its fracturing capacity into Tier 4 dual-fuel engines. Moderate industy activity can affect...
By 2023, STEPplans to convert 17% of its fracturing capacity into Tier 4 dual-fuel engines. Moderate industy activity can affect...
PUMP's frac fleet utilization can reduce in 2H 2023. The average utilization to 14-15 frac spreads in FY2023. The stock...
PTEN's average rig count can decline by nine rigs in Q3 from Q2. During Q3, the cost of operating the...
RES may take delivery of a new pressure pumping fleet in 2024. Its asset utilization can fall in Q3. Cash...
During Q2, NEX idled two frac fleets and redistributed horsepower to the remaining fleets. NEX is set to merge with...
long-cycle energy developments in international and offshore markets benefit SLB because of its diversity. Its topline in North America may...
BKR will look to bank on a "constructive" operators' capex outlook. It achieved order growth in Q2. Long term, it...
LBRT's frac spread count can lower in the near term. However, its outlook for the energy sectors in constructive in...
Lower frac spreads bring lower revenue. Lower capex for 2H 2023. Cash flow rises, and debt falls.
KLXE looks to a year-end recovery. Revenue fell but margin strengthened in Q2. Cash flows improced in Q2.
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