NOV Inc. (NOV) is set to release first-quarter 2025 results on April 28, 2025. The Zacks Consensus Estimate for earnings is pegged at 25 cents per share and the same for revenues is pinned at $2.10 billion.Let us delve into the factors that are likely to have influenced the oilfield service provider’s performance in the to-be-reported quarter. But first, it is worth taking a look at NOV’s performance in the last reported quarter.Highlights of NOV’s Q4 Earnings & Surprise HistoryIn the last reported quarter, ...

Core Viewpoint - Halliburton has warned of a potential earnings impact in the second quarter due to tariffs and reduced oilfield activity in North America, leading to a decline in its share price by approximately 6% [1][5]. Company Performance - Halliburton's shares fell to $20.62, reflecting a 6% drop after the earnings forecast indicated a 2 to 3 cents per share impact from trade tensions [5]. - The company reported a profit of $204 million, or 24 cents per share, for the three months ending March 31, down from $606 million, or 68 cents per share, in the previous year [12]. - First-quarter revenue was $5.42 billion, surpassing analysts' average estimate of $5.28 billion [12]. - North America revenue decreased by 12% year-over-year to $2.2 billion [7]. Market Conditions - U.S. crude prices are currently below $64 per barrel, with many companies indicating they cannot drill profitably if prices fall below $65, which negatively affects demand for Halliburton's services [2]. - The oilfield service sector is concerned that tariffs on imported steel and parts will disrupt supply chains and increase equipment costs [6]. Future Outlook - Halliburton's CEO noted that customers are evaluating their activity plans, which may lead to higher than normal white space for committed fleets and potential retirement or export of fleets to international markets [3]. - The company forecasts a 1% to 3% increase in revenue for its completion and production division in the second quarter, while drilling and evaluation division revenue is expected to be flat to down 2% [11]. - International revenue is projected to be flat to slightly down year-over-year, primarily due to reduced drilling and project management activity in Mexico [8].

Core Viewpoint - Halliburton reported mixed Q1 2025 results, with revenue exceeding expectations but earnings per share aligning with analyst predictions, indicating both challenges and opportunities ahead [1][2]. Financial Performance - Revenue for Q1 2025 was $5.4 billion (GAAP), exceeding the consensus estimate of $5.273 billion by approximately $144 million, but down 6.9% from $5.8 billion in Q1 2024 [1][6]. - Earnings per share (EPS) was $0.60 (Non-GAAP), matching predictions but down 21.1% from $0.76 in the same quarter last year [2][3]. - Net income for Q1 2025 was $204 million (GAAP), a significant decrease of 66.3% from $606 million in Q1 2024 [3]. Business Overview - Halliburton is a leading oilfield services company providing a range of services to the energy industry, including reservoir management, drilling, and production optimization [4]. - The company is focusing on expanding its technological capabilities, particularly in digital and automation technologies, to improve service delivery and operational efficiency [5]. Segment Performance - The Completion and Production segment saw an 8% year-over-year revenue decline to $3.1 billion, with operating income falling by 23% [7]. - The Drilling and Evaluation segment experienced a 6% drop in revenue and a 12% decrease in operating income, primarily due to reduced drilling services in Mexico and the Middle East [7]. Geographic Performance - North America revenue decreased by 12%, driven by declining stimulation activity in the U.S. and lower tool sales in the Gulf of America [8]. - International markets saw an overall decline of 2%, with notable drops in Latin America, but growth in Europe/Africa and the Middle East/Asia segments [8]. Strategic Outlook - Halliburton remains optimistic about international tender activities, particularly in offshore opportunities extending through 2026 [10]. - The company plans to continue focusing on international market expansion and enhancing technological capabilities [10]. - Management emphasized maintaining a strong capital allocation framework, including ongoing share repurchases and dividend distributions [11].

Financial Data and Key Metrics Changes - Total company revenue for Q1 2025 was $5.4 billion, a decrease of 7% compared to Q1 2024 [28] - Adjusted operating margin was 14.5% [28] - Cash flow from operations was $377 million, and free cash flow was $124 million [7][35] - Reported net income per diluted share was $0.24, while adjusted net income per diluted share was $0.60 [27] Business Line Data and Key Metrics Changes - Completion and Production (C&P) division revenue was $3.1 billion, down 8% year-over-year, with operating income of $531 million, a decrease of 23% [29] - Drilling and Evaluation (D&E) division revenue was $2.3 billion, down 6% year-over-year, with operating income of $352 million, a decrease of 12% [30] - International revenue was $3.2 billion, a decrease of 2% year-over-year, while North America revenue was $2.2 billion, a decrease of 12% year-over-year [6][32] Market Data and Key Metrics Changes - Europe Africa revenue increased by 6% year-over-year to $775 million, driven by improved activity in Norway and Namibia [31] - Middle East Asia revenue also increased by 6% year-over-year to $1.5 billion, attributed to higher activity in Kuwait and Saudi Arabia [32] - Latin America revenue decreased by 19% year-over-year to $896 million, primarily due to lower activity in Mexico [32] Company Strategy and Development Direction - The company emphasizes technology, collaboration, and service quality as core to its competitive advantage [10][14] - Halliburton aims to maximize value in North America while driving growth engines internationally, particularly in unconventional, artificial lift, intervention, and directional drilling [15][19] - The company is focused on maintaining a strong position in the offshore market, leveraging advanced technologies for integrated projects [128][130] Management's Comments on Operating Environment and Future Outlook - Management noted increased uncertainty in the market due to trade dynamics and OPEC production, but remains confident in the fundamental role of oil and gas in global economic growth [8][11] - The outlook for international revenue is expected to be flat to slightly down, with strong tender activity and contract awards providing visibility [12][39] - Management anticipates solid free cash flow generation in 2025, with plans to return at least $1.6 billion to shareholders through buybacks and dividends [25] Other Important Information - The company recognized a pre-tax charge of $356 million related to severance costs and asset impairments [28] - Capital expenditures for Q1 were $302 million, with expectations of approximately 6% of revenue for the full year [35] Q&A Session Summary Question: North American activity outlook amidst commodity price volatility - Management indicated that customers are currently evaluating their activity scenarios, with a focus on production impacts from any potential declines in activity [45][48] Question: Trajectory of operations in Mexico - Management expressed that recovery in Mexico is uncertain, with expectations of a tough environment for the foreseeable future [51][52] Question: Growth prospects in Saudi Arabia - Management expects growth in Saudi Arabia, particularly in the Jafurah area, and highlighted opportunities in unconventional and artificial lift markets [57][58] Question: Margin progression expectations - Management provided guidance for Q2 margins, indicating specific impacts from tariffs and mobilization costs, with expectations for improvement in the second half of the year [60][66] Question: Impact of tariffs on business - Management noted a $0.02 to $0.03 impact per share from tariffs, with ongoing efforts to mitigate these effects through a diversified supply chain [94][96] Question: International spending outlook - Management highlighted solid growth in Norway and Brazil, with expectations for increased activity in Europe and Africa in the second half of the year [75][102]

Halliburton Company (HAL) Q1 2025 Earnings Call April 22, 2025 09:00 AM ET Company Participants David Coleman - Senior Director of Investor RelationsJeff Miller - Chairman, President and CEOEric Carre - Executive VP & CFONeil Mehta - Head of Americas Natural Resources Equity ResearchJ. David Anderson - Managing DirectorScott Gruber - Director - Oilfield Services & Equipment ResearchStephen Gengaro - Managing Director Conference Call Participants Arun Jayaram - AnalystRoger Read - Senior Energy AnalystSaurab ...

Company Overview - KLX Energy Services Holdings, Inc. is a growth-oriented provider of diversified oilfield services to leading onshore oil and natural gas exploration and production companies in the United States [2] - The company operates in both conventional and unconventional plays across all major active basins [2] - KLX delivers mission-critical oilfield services focused on drilling, completion, production, and intervention activities for technically demanding wells [2] - The company has over 50 service and support facilities located throughout the United States [2] - KLX's offerings include a complementary suite of proprietary products and specialized services supported by technically skilled personnel [2] Upcoming Financial Results - KLX will report its 2025 first quarter financial results on May 9, 2025, prior to a live conference call [1] - The conference call will be accessible via phone or webcast at 10:00 a.m. Eastern Time [1] - A replay of the call will be available until May 23, 2025, and an archive of the webcast will be accessible for 90 days [1]

Baker Hughes (BKR) is set to report first-quarter 2025 results on April 22, after the closing bell.In the last reported quarter, its adjusted earnings of 70 cents per share beat the Zacks Consensus Estimate of 63 cents, primarily driven by higher operational performance across both segments and an improving EBITDA margin.Earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 11.7%. This is depicted in the graph below:Estimate TrendThe Zacks C ...

Midland, Texas, April 03, 2025 (GLOBE NEWSWIRE) -- Midland, Texas, April 3, 2025 – Natural Gas Services Group, Inc. (“NGS” or the “Company”) (NYSE: NGS), a leading provider of natural gas compression equipment, technology, and services to the energy industry, announced that its Board of Directors (the “Board”) appointed Anthony Gallegos to the Board on April 1, 2025. Mr. Gallegos fills the position vacated by David Bradshaw in connection with his retirement from the Board in December 2024. "On behalf of the ...

Investors should also recognize that OIS has a P/B ratio of 0.50. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 1.21. Within the past 52 weeks, OIS's P/B has been as high as 0.60 and as low as 0.37, with a median of 0.46. Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be intere ...

Flotek Industries, Inc. (NYSE:FTK) Q4 2024 Earnings Conference Call March 11, 2025 10:00 AM ET Company Participants Mike Critelli - Director, Finance & IR Ryan Ezell - CEO & Director Bond Clement - CFO Conference Call Participants Jeff Grampp - Alliance Global Partners Donald Crist - Johnson Rice Gerry Sweeney - ROTH Capital Josh Jayne - Daniel Energy Partners Operator Good morning, ladies and gentlemen, and welcome to Flotek Industries, Inc. Fourth Quarter and Full Year 2024 Earnings Conference Call. At th ...