Financial Data and Key Metrics Changes - Revenues in Q3 2025 were $377 million, up from $302 million in Q2 2025, with a gross profit of $66 million compared to $15 million in Q2, and a net income of $22 million versus a net loss of $3 million in Q2 [7] - Year-to-date revenues reached $957 million, with gross profits of $109 million and a net income of $23 million, alongside an adjusted EBITDA of $198 million [7] - Cash and cash equivalents increased to $338 million, with total liquidity at $430 million at the end of the quarter [15] Business Line Data and Key Metrics Changes - The well intervention segment saw high utilization of the Q4000, which is currently engaged in a multi-well program for Shell [9] - Robotics had a strong quarter, operating seven vessels and achieving high utilization across trenching and ROV support projects [11] - The shallow water abandonment business experienced increased activity levels, with 100% utilization for the Hedron heavy lift barge [12] Market Data and Key Metrics Changes - Brazil operations reported strong utilization with three vessels actively working, while the Gulf of Mexico shelf showed improved results following a later start to the season [8] - The North Sea market faced challenges, with the Seawell remaining warm stacked due to market turmoil [10] - The robotics segment is expected to maintain robust activity levels, with numerous sizable contracted works extending into 2026 and beyond [12] Company Strategy and Development Direction - The company is navigating a cyclical oil and gas market, currently positioned at the cusp of an upcycle, with expectations for increased demand in the coming years [22][23] - Focus on managing costs amid rising supply chain and labor costs, with an emphasis on operational efficiency and margin improvement [28] - The company anticipates a strong performance in the robotics segment, with expectations for continued growth in trenching and site clearance markets [57] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges in 2025 but highlighted the potential for strong earnings in 2026, particularly in the Gulf of Mexico and shallow water abandonment markets [16][24] - The outlook for Brazil remains positive, with expectations for continued high utilization and potential contract extensions [67] - Seasonal impacts are expected in Q4, particularly in the North Sea and Gulf of Mexico, but management remains optimistic about overall performance [17][21] Other Important Information - The company has a strong balance sheet with negative net debt of $31 million and minimal debt obligations until 2029 [15] - A new three-year contract with a minimum 150-day commitment for the Q units in the Gulf of Mexico was executed [8] Q&A Session Summary Question: Outlook for Q4000 and potential work deferrals - Management indicated that while there is always a risk of deferrals, visibility for 2026 is stronger than in 2025, and they are considering a West Africa campaign to hedge against utilization risks [34][35] Question: Expectations for shallow water abandonment market in 2026 - Management expects an increase in activity but at reduced rates due to competitive pressures, with a stronger market anticipated by 2027 [39][40] Question: Update on subsea robotics for Q4 - A decrease in trenchers from six to four is expected in Q4 due to seasonal weather impacts, which may also affect rates [46][48] Question: Rising supply chain costs and mitigation strategies - Rising costs are being observed across labor and materials, with strategies focused on supplier consolidation and cost management [62][63] Question: Market conditions in Brazil - Brazil is viewed as a buoyant market, with strong contracts in place and ongoing interest from operators [67]

Financial Highlights - Q3 2025 revenue reached $411 million[7] - Adjusted EBITDA was $94 million[7] - Adjusted EBITDA margin was 22.8%, a 50 basis points increase quarter-over-quarter[7] - Adjusted Free Cash Flow was $46 million, resulting in a record Adjusted Free Cash Flow Margin of 11%[7] - Approximately 2 million shares were repurchased for $25 million[7] - $22 million was repaid on the Revolving Credit Facility[7] Guidance and Outlook - Adjusted EBITDA guidance increased to $350 million - $360 million[7] - Adjusted Free Cash Flow guidance increased to $110 million - $120 million[7] - Expro anticipates 2026 revenue to be flat to slightly lower compared to 2025, but expects higher EBITDA margins and further expansion of Free Cash Flow[15] Backlog - Multi-year backlog stands at approximately $2.3 billion[7, 8] - $1 billion of revenue for 2026 is already in the backlog[10]

Summary of McCoy Global Conference Call Company Overview - **Company**: McCoy Global (OTCPK:MCCR.F) - **Industry**: Oil and Gas Equipment Manufacturing - **Market Cap**: Approximately $100 million - **Current Stock Price**: Closed at $3.44, with a target price of $5.50 representing a potential return of 63% [2][3] Core Business and Products - McCoy Global produces equipment for oil and gas well construction, focusing on tubular running services [6] - Developed a suite of next-generation products called Smart Products, which contributed nearly 60% of sales in the first half of the year [2] - The company has transitioned from traditional equipment to Smart Products, which are expected to drive future growth [10][11] Financial Performance and Projections - Despite a broader weakness in global rig activity, McCoy has achieved strong revenue and earnings growth, with an expected adjusted EBITDA growth of over 50% and 13% sales growth for the next year [3][4] - Clean balance sheet with $6.6 million in cash and over $12 million in available credit [4] Market Position and Competitive Advantage - McCoy's stock has outperformed peers by 42% over the last year, with a year-over-year increase of 28% compared to an average loss of 14% in the peer group [3] - The company is positioned as a global leader in tubular running services, with a unique offering of technologies that allows it to serve as a one-stop shop for customers [9] Market Challenges and Opportunities - The oil and gas market is facing headwinds, including declining oil prices and rig counts, particularly in North America [13][14] - However, McCoy anticipates growth opportunities in the Middle East, particularly with long-term contracts expected to be awarded in 2026 [15][16] - The shift from mechanical to hydraulic casing running tools in the Middle East presents a significant opportunity for McCoy, with each tool valued at $750,000 [16][17] Sales Dynamics and Customer Relationships - The sales cycle involves partnering with early adopters to demonstrate the value of new products, leading to easier adoption by energy and production companies (E&P) [19][20] - Successful product demonstrations have led to significant market penetration, with over 100 tools sold in the West Texas market [21] Capital Allocation Strategy - McCoy Global prioritizes investments in growth opportunities that meet or exceed the cost of capital, followed by M&A and returning excess capital to shareholders through buybacks and dividends [22][23] Market Misunderstandings - The market may underestimate the potential of McCoy's Smart TR package, with an estimated market opportunity of 800 rigs globally, translating to a total available market of $1.2 million to $1.5 million per package [24][25] - The company also has a strong recurring revenue stream from replacement parts, technical support, and a SaaS component for Smart Products [25][26]

Financial Highlights - Adjusted Free Cash Flow was $99 million in Q3'25[7], a 36.8% conversion on Adjusted EBITDA*[7] - Q3'25 Revenue was $1,232 million[7], up 2% sequentially and down 13% year-over-year[7, 65] - Adjusted EBITDA* was $269 million in Q3'25[7], with a 21.8% margin, up 74 bps sequentially and down 336 bps year-over-year[7, 65] - Net Leverage* stood at 0.51x[12, 17] Segment Performance (Q3'25) - Drilling & Evaluation (DRE) revenue increased by 3% sequentially to $346 million[26, 68], but decreased 20% year-over-year[68] - Well Construction & Completions (WCC) revenue increased by 3% sequentially to $468 million[32, 71], but decreased 8% year-over-year[71] - Production & Intervention (PRI) revenue was flat sequentially at $326 million[40, 74], and decreased 12% year-over-year[74] Capital Allocation and Shareholder Returns - Shareholder return of $25 million in Q3'25, including $18 million in dividends and $7 million in share repurchases[8, 11, 81] - Expanded credit facility by $280 million, reaching $1 billion with extension through 2030[19] - Upsized offering to $1,200 million 6.75% Senior Notes due 2033[19] Outlook - Revenue is projected to be between $4850 million and $4930 million for 2025[85] - Adjusted EBITDA* is projected to be between $1050 million and $1063 million for 2025[85]

Company Overview - RPC, Inc. reported trailing twelve-month (TTM) revenue of $1.43 billion and net income of $53.74 million, with a dividend yield of 3.38% as of October 6, 2025 [4][8] - The company's stock price was $4.79, reflecting a 32.9% decline over the past year, underperforming the S&P 500 by 46.1 percentage points [3][4] Investment Activity - Carolina Wealth Advisors, LLC disclosed the purchase of 1,261,478 shares of RPC, Inc. in Q3 2025 for an estimated $5.95 million, increasing its total holdings to 1,277,544 shares valued at approximately $6.08 million as of September 30, 2025 [1][2] - This acquisition represented 2.6% of Carolina's reportable U.S. equity assets under management (AUM) as of the same date [3] Financial Performance - RPC's revenue increased by 26% in the second quarter compared to the first quarter, primarily due to the acquisition of Pintail Completions; however, excluding Pintail's contribution, revenue decreased by 3% [8] - The decline in oil prices by 10% and natural gas prices by 22.7% during the same period likely impacted RPC's adjusted revenues [8] Service Offerings - RPC provides specialized oilfield services and equipment, including pressure pumping, fracturing, cementing, coiled tubing, wireline, and rental tools for drilling and well completion [5][6] - The company generates revenue mainly through service contracts and equipment rentals for oil and gas exploration, production, and maintenance activities [5][6]

Core Viewpoint - Growth investors seek stocks with above-average financial growth, but identifying such stocks can be challenging due to inherent volatility and risks [1] Group 1: Company Overview - Tetra Technologies (TTI) is highlighted as a recommended stock with a favorable Growth Score and a top Zacks Rank [2] - The company operates in the oil and gas services sector, which is currently experiencing growth opportunities [3] Group 2: Earnings Growth - Tetra Technologies has a historical EPS growth rate of 38.9%, with a projected EPS growth of 5.9% for the current year, significantly outperforming the industry average of -2% [5] Group 3: Asset Utilization - The company has an asset utilization ratio (sales-to-total-assets ratio) of 1.03, indicating it generates $1.03 in sales for every dollar in assets, compared to the industry average of 0.93 [6] Group 4: Sales Growth - Tetra Technologies is expected to achieve a sales growth of 2.9% this year, while the industry average is stagnant at 0% [7] Group 5: Earnings Estimate Revisions - There has been a positive trend in earnings estimate revisions for Tetra Technologies, with the Zacks Consensus Estimate for the current year increasing by 3.8% over the past month [9] Group 6: Investment Potential - Tetra Technologies holds a Zacks Rank of 2 (Buy) and a Growth Score of B, indicating it is a potential outperformer and a solid choice for growth investors [11]

Group 1 - Weatherford International plc (NASDAQ:WFRD) has signed a $147 million, three-year contract with Petróleo Brasileiro S.A. (Petrobras) to provide tubular running services in Brazil [1][2] - The contract was awarded after an open tender process and will utilize several Weatherford technologies, including the Vero auto make-up and evaluation system, Multi Slip System, and Flush Joint Elevator [2] - These technologies are designed to enhance safety and efficiency in drilling operations by allowing mixed casing strings to be run without changing slips and eliminating the need for lift plugs in tubular handling [2][3] Group 2 - Weatherford International plc operates in three segments: Drilling and Evaluation (DRE), Well Construction and Completion (WCC), and Production and Intervention (PRI) [3]

Group 1 - TETRA Technologies, Inc. (NYSE:TTI) is recognized as one of the best diversified stocks to buy according to hedge funds [1] - Stifel has reiterated its 'Buy' rating on TETRA Technologies, highlighting the company's growth potential in completion fluids, water management, and energy services [2] - The upcoming Analyst Day in New York is expected to provide updates on TETRA's desalination projects, bromine and lithium opportunities, and deepwater fluid initiatives [3] Group 2 - TETRA Technologies reported strong second-quarter 2025 earnings, with an EPS of $0.09 exceeding expectations of $0.08, and revenue of $174 million surpassing forecasts of $173.65 million [3] - The company operates in the energy services sector, providing solutions through its Completion Fluids & Products and Water & Flowback Services segments, serving the oil and gas industry globally [4]

TETRA INVESTOR DAY ONE TETRA 2030 September 25, 2025 ©2025 TETRA Technologies, Inc. All rights reserved. WELCOME ONE TETRA 2030 Kurt Hallead VP, Investor Relations & Treasurer 2 DISCLAIMER Forward-Looking Statements This presentation includes certain statements that are deemed to be forward-looking statements. Generally, the use of words such as "may," "see," "expectation," "expect," "intend," "estimate," "projects," "anticipate," "believe," "assume," "could," "should," "plans," "targets" or similar express ...

Group 1 - Schlumberger Limited (NYSE:SLB) is recognized as one of the 13 Best Fortune 500 Dividend Stocks to Invest In, highlighting its strong dividend performance [1] - The company reported Q2 2025 earnings with an EPS of $0.74, slightly above the consensus estimate of $0.73, although revenue declined by 6.5% year-over-year to $8.55 billion [2] - Schlumberger completed the acquisition of ChampionX Corporation for $8.2 billion in an all-stock deal, expecting to achieve $400 million in annual pretax synergies within three years [2] Group 2 - Following the acquisition announcement, the Chief Legal Officer sold 39,727 shares valued at $1,433,350, indicating confidence in the stock's future value [3] - The company offers a dividend yield of 3.23%, providing a modest income for its shareholders [3] - Schlumberger, founded in 1926, is a global technology leader in the energy industry, focusing on well construction, reservoir performance, and digital solutions for oil and gas exploration and production [4]