ProFrac Holding’s Perspective in Q2: KEY Takeaways
ACDC will invest in diesel substitution equipment, utilizing natural gas. Average active fleet declined in Q2. Utilization deteriorated in Q2...
KLX Energy Services’ Perspective in Q2: KEY Takeaways
Downhole technology portfolio saw traction recently. Significant impact of cost reduction expected in Q3. Cash flwo stability due to diversification.
STEP Energy’s Perspective in Q2: KEY Takeaways
Anticipates slowdown in Q4 from clients' capex exhaustion. US performance can be challenging. Shifts assets to profit-generating regions; to start...
NINE Energy’s Perspective in Q2: KEY Takeaways
A rise in refrac demand has led to a higher demand for its dissolvable and composite plugs for NINE. A...
ProPetro’s Perspective in Q2: KEY Takeaways
PUMP plans to invest in fleet recapitalization as it sees higher demand for its next-generation natural gas-burning assets. Its effective...
Baker Hughes’s Perspective in Q2: KEY Takeaways
BKR has revised its forecast in North America downwards. It is optimistic about international markets. Gas Tech Equipment, Industrial Tech,...
TechnipFMC’s Perspective in Q2: KEY Takeaways
Various project awards ensures FTI's book-to-bill remained above 1x consistently. In Subsea, it expects backlog to reach $10 billion by...
RPC’s Perspective in Q2: KEY Takeaways
In view of gas-to-oil shift, RES will redeploy assets at lower price points to drive utilization. Its Tier 4 DGB...
NOV’s Perspective in Q2: KEY Takeaways
Offshore E&P operators' need to reactivate drilling rigs will require drill pipe bits and drilling tools. international E&P operators require...
Patterson UTI’s Perspective in Q2: KEY Takeaways
Despite the rig count pressure in 2024, PTEN's management expect to see growth in high-grade equipment. In completion activity, it...
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