Part 1: ProFrac Bets Big On Electric Fracking
With a strategic focus on ESG-compliant fracking, ProFrac, with four electric fracs under construction, will become the leading electric frac...
NexTier Oilfield Solutions Part 2: Estimates And Relative Valuation
Our regression estimate suggests NEX's revenues will go higher in NTM 2023 but may decelerate in NTM 2024. EBITDA, too,...
NexTier Oilfield Part 1: Free Cash Flow Improves Shareholders’ Returns
NexTier Oilfield's fleets remains "sold out;" however, seasonality can reduce the topline, while the operating profit margin can hold steady...
RES Part 2: Estimates And Relative Valuation
The regression model suggests that revenue growth can accelerate in NTM 2024 compared to NTM 2023. EBITDA can increase sharply...
RES Part 1: As Growth Stagnates, RES Turns To Shareholders’ Returns
RES may add another hydraulic fracturing fleet (net) in 2023. Although its FY2023 capex can increase, it expects to generate...
NOV Part 2: Estimates And Relative Valuation
Our regression model suggests a steady revenue growth in NTM 2023, but the rate can decelerate and then decline over...
Part 1: NOV Relies On Downhole Energy And International Markets Despite The Constraints
In the traditional energy business, NOV focuses on downhole energy business to improve visibility for precision well placement Increased opportunities...
TechnipFMC Part 1: Margin Improvement Ushers In The Propsect Of Repurchase And Dividend
FTI's Subsea order backlog can increase to $9 billion by Q1 2024 from $7 billion in FY2022. Its Subsea EBITDA...
Patterson-UTI Energy Part 2: Estimates And Relative Valuation
Our regression model suggests that the revenue growth estimates are sharp in the next two years. EBITDA can increase sharply...
TechnipFMC Part 2: Estimates And Relative Valuation Analysis
Our linear regression model suggests a revenue stagnation in the next two years. FTI’s EBITDA, however, can rise sharply in...
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