Core Viewpoint - Liberty Oilfield Services has seen a slight increase in share price by approximately 1.1% since the last earnings report, which is underperforming compared to the S&P 500 [1] Group 1: Earnings and Estimates - Estimates for Liberty Oilfield Services have trended upward over the past month, with a significant shift of 48.95% in the consensus estimate [2] - The most recent earnings report is crucial for understanding the key drivers affecting the company's performance [1] Group 2: VGM Scores - The company currently holds an average Growth Score of C and a Momentum Score of D, while achieving an A grade in the value category, placing it in the top quintile for this investment strategy [3] - The aggregate VGM Score for Liberty Oilfield Services is B, which is relevant for investors not focused on a single strategy [3] Group 3: Outlook - The upward trend in estimates suggests a promising outlook for Liberty Oilfield Services, with a Zacks Rank of 3 (Hold), indicating expectations for an in-line return in the coming months [4]

CALGARY, Alberta, May 15, 2025 (GLOBE NEWSWIRE) -- Calfrac Well Services Ltd. (“Calfrac”) (TSX–CFW) is pleased to announce the voting results of the election of directors at its annual meeting of shareholders held today. Each of the nominees proposed as a director were elected as directors to hold office until the next annual meeting of shareholders, or until their successors are elected or appointed. Detailed results of the voting for each nominee are set out below, and the full results on all matters vote ...

SLB (SLB) , an American oilfield services company, has launched Electris, a new portfolio of digitally enabled electric well completion technologies designed to enhance hydrocarbon recovery and lower operational costs. The global energy technology firm stated that the Electris suite provides real-time production intelligence across the reservoir, enabling operators to maximize output and minimize costly well interventions.SLB’s Electris Enhances Reservoir ManagementAccording to SLB, Electris completions dig ...

CALGARY, Alberta, May 15, 2025 (GLOBE NEWSWIRE) -- Calfrac Well Services Ltd. ("Calfrac" or "the Company") (TSX: CFW) announces its financial and operating results for the three months ended March 31, 2025. The following press release should be read in conjunction with the management's discussion and analysis and interim consolidated financial statements and notes thereto as at March 31, 2025. Readers should also refer to the "Forward-looking statements" legal advisory and the section regarding "Non-GAAP Me ...

Core Insights - Drilling Tools International Corp. (DTI) reported a total consolidated revenue of $42.9 million for Q1 2025, with a 7.6% sequential growth and a 16% year-over-year increase [2][3] - The company has authorized a $10 million share repurchase program to enhance shareholder value, reflecting confidence in its long-term strategy and financial health [8][9] Financial Performance - Tool Rental revenue was approximately $34.5 million, while Product Sales revenue totaled $8.3 million [2] - Total Operating Expenses were $39.6 million, resulting in an Operating Income of $3.3 million and a Net Loss of approximately $1.7 million for the quarter [2][15] - Adjusted EBITDA for the quarter was $10.8 million, with an Adjusted Free Cash Flow of $5.7 million [2][29] Guidance and Market Outlook - The company has adjusted its annual guidance for 2025, projecting Revenue between $145 million and $165 million, Adjusted EBITDA between $32 million and $42 million, and Adjusted Free Cash Flow between $14 million and $19 million [6][31] - DTI anticipates potential market volatility due to factors such as tariffs, recession fears, and OPEC+'s production decisions, prompting a $6 million expense reduction program [4][6] Strategic Initiatives - The share repurchase program is part of DTI's disciplined capital allocation strategy, which also includes investments in maintenance, organic growth, and strategic acquisitions [8][9] - The company aims to optimize its capital structure and demonstrate a commitment to returning excess capital to shareholders through this program [9][10]

Core Viewpoint - High Arctic Energy Services Inc. reported a solid start to 2025 despite challenges in well completion rates in Canada due to market uncertainty and customer consolidation events [2][3]. Financial Performance - Revenue from continuing operations for Q1 2025 was $2,335 thousand, a decrease of 22% compared to $2,988 thousand in Q1 2024 [7][9]. - Adjusted EBITDA from continuing operations was $504 thousand in Q1 2025, significantly up from $92 thousand in Q1 2024, representing 22% of revenue [7][9]. - The oilfield services operating margin percentage improved to 53.1% in Q1 2025 from 49.4% in Q1 2024, despite a decrease in revenue [7][9]. - General and administrative expenses were reduced by 59% compared to Q1 2024, contributing to a decrease in operating loss from $1,070 thousand in Q1 2024 to $128 thousand in Q1 2025 [7][14]. Operational Highlights - The company maintained operational excellence with recordable incident-free work and a focus on safety [7]. - The integration of Delta Rental Services is delivering financial performance in line with expectations, with anticipated upside as gas well completion rates increase [3][20]. - The equity investment in Team Snubbing remained stable at $7.4 million as of March 31, 2025, with positive net income contributions from its financial results [7][9]. Liquidity and Capital Resources - As of March 31, 2025, working capital was $3,199 thousand, an increase from $2,692 thousand as of December 31, 2024, primarily due to positive EBITDA and the settlement of contingent consideration in common shares [18][19]. - Cash flow from continuing operations was $31 thousand in Q1 2025, down from $271 thousand in Q1 2024, while funds flow from operating activities increased to $495 thousand from $197 thousand [12][13]. Strategic Objectives and Outlook - The company aims to grow core businesses through selective investments, manage operating costs, and execute accretive acquisitions to drive shareholder value [7][20]. - The outlook for 2025 is influenced by the performance of the investment in Team Snubbing, with total assets related to this investment at $9.8 million [25][26]. - Positive developments in Canadian infrastructure, such as the completion of the Trans Mountain pipeline expansion and expectations for LNG exports, are expected to support long-term fundamentals for the upstream energy service business [23][24].

Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $150.5 million, an increase of approximately 6% compared to Q4 2024, and within the guidance range of $146 million to $152 million [6] - Adjusted EBITDA for the quarter was $16.5 million, reflecting a 17% increase quarter over quarter, with adjusted EBITDA margins at approximately 26% [6][7] - Cash and cash equivalents as of March 31, 2025, were $17.3 million, with total liquidity of $53.8 million [11][12] Business Line Data and Key Metrics Changes - Cementing revenue increased by approximately 4% to $57.2 million, with jobs completed rising by approximately 11% [12][13] - Wireline revenue grew by approximately 7% to $29.6 million, with 7,713 wireline stages completed, an increase of approximately 15% [13] - Coiled tubing revenue increased by approximately 16% to $29.9 million, driven by a 36% increase in coiled tubing days [14] Market Data and Key Metrics Changes - The U.S. rig count remained flat in Q1 2025, yet the company achieved revenue growth across all service lines [7] - Pricing across service lines was mostly stable, except for wireline operations in the Northeast, which experienced lower stage pricing due to previous bidding processes [8][9] Company Strategy and Development Direction - The company is focused on market share gains and cost reductions, with a strong emphasis on technology development and maintaining service quality [6][19] - The recent appointment of Joey Hall to the Board of Directors is aimed at enhancing industry expertise within the company [20] Management's Comments on Operating Environment and Future Outlook - Management expressed uncertainty regarding the impact of declining oil prices and increased costs due to tariffs on future activity levels [16][18] - The company anticipates Q2 revenue to decline compared to Q1, projecting between $138 million and $148 million [19] - Management remains optimistic about the long-term outlook for natural gas and its potential positive impact on earnings [17] Other Important Information - The company refinanced its ABL revolving credit facility, increasing liquidity and financial flexibility [10][11] - The average blended revenue per cementing job decreased by approximately 6%, while the average blended revenue per wireline stage decreased by approximately 7% [12][13] Q&A Session Summary Question: Pricing pressures and impacted business lines - Management indicated that pricing pressure is primarily seen in the cementing division, particularly in West Texas, due to tariff impacts and commodity price evaluations [24][25] Question: Oil price guidance and its implications - Management stated it is too early to provide specific guidance on oil prices, emphasizing the importance of market evaluations by customers [31][32] Question: Ability to pass on tariff costs to customers - Management confirmed plans to pass on tariff costs to customers, as the service sector cannot absorb these increases [33][34] Question: Outlook for natural gas markets - Management expressed excitement about the natural gas market, particularly in Haynesville, but confirmed no plans to relocate equipment at this time [36][37] Question: International tool sales and opportunities - Management reported positive performance in international tool sales and highlighted ongoing development of completion tools to meet stringent international requirements [38][39]

Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $150.5 million, an increase of approximately 6% compared to Q4 2024, and within the guidance range of $146 million to $152 million [5] - Adjusted EBITDA for the quarter was $16.5 million, reflecting a 17% increase quarter over quarter, with incremental adjusted EBITDA margins of approximately 26% [5][6] - Cash and cash equivalents as of March 31, 2025, were $17.3 million, with total liquidity of $53.8 million [11] Business Line Data and Key Metrics Changes - Cementing revenue increased by approximately 4% to $57.2 million, with jobs completed rising by approximately 11% [12][13] - Wireline revenue grew by approximately 7% to $29.6 million, with 7,713 wireline stages completed, an increase of approximately 15% [13] - Coiled tubing revenue increased by approximately 16% to $29.9 million, with utilization significantly higher compared to Q4 [8][14] Market Data and Key Metrics Changes - The U.S. rig count remained flat in Q1, yet the company achieved revenue growth across all service lines [6] - Pricing across service lines was mostly stable, except for wireline operations in the Northeast, which experienced lower stage pricing due to bidding impacts [7] Company Strategy and Development Direction - The company is focused on market share gains and cost reductions, with a strong emphasis on technology development and maintaining service quality [5][19] - The recent appointment of Joey Hall to the Board of Directors is aimed at enhancing industry expertise within the company [20] Management's Comments on Operating Environment and Future Outlook - Management noted uncertainty in the energy industry due to declining oil prices and increased costs from tariffs, impacting customer plans and activity levels [16][18] - The company anticipates Q2 revenue to decline compared to Q1, projecting between $138 million and $148 million [19] - Management remains optimistic about the long-term outlook for natural gas and its potential positive impact on earnings [17] Other Important Information - The company completed a refinancing of its ABL revolving credit facility, increasing liquidity and financial flexibility [9][10] - General and administrative expenses for Q1 were $13.3 million, with a full-year CapEx budget unchanged at $15 million to $25 million [14][15] Q&A Session Summary Question: Pricing pressures and impacted business lines - Management indicated that pricing pressure is primarily seen in the cementing division, largely due to tariffs and commodity price fluctuations [22][23] Question: Oil price guidance - Management stated it is too early to provide specific guidance on oil prices, emphasizing the importance of market conditions and customer evaluations [27][28] Question: Ability to pass on tariff costs - Management confirmed plans to pass tariff costs onto customers, as the service sector cannot absorb these increases [30][31] Question: Natural gas market outlook - Management expressed excitement about the natural gas market and confirmed no plans to relocate equipment at this time [33][34] Question: International tool sales - Management reported positive performance in international tool sales and highlighted ongoing development of completion tools [36]

Company Overview - Nine's Q1 2025 IR Presentation highlights a diversified service line with Completion Tools accounting for 24%, Cementing for 36%, Coiled Tubing and Wireline each contributing 20% to revenue[8] - The company's financials show revenue of $554 million in 2023 and $602 million in 2024, with Q1 2025 revenue reaching $150 million[10,73] - Adjusted EBITDA was $53 million in 2023, $66 million in 2024, and $17 million in Q1 2025[10,73] Strategy and Technology - Nine focuses on an asset-light business model, reducing capital expenditure needs by approximately 60%, from an average of ~$53 million between 2017-2019 to ~$21 million between 2021-2024[13,20] - The company emphasizes technology-based services, with approximately 60% of its business driven by completion tools and cementing[11] - Nine's US Wireline & Completion Tools market share of stage completions ranged from 14% to 21% between 2018 and 2024[23] - The company's US Cementing Market Share has fluctuated between 14% and 19% from 2018 to YE 2024[25] Financial Highlights and Capitalization - Q1 2025 revenue increased by approximately 6% quarter-over-quarter, and Adjusted EBITDA increased by approximately 17% quarter-over-quarter[71] - As of March 31, 2025, Nine had $173 million in cash, $47 million outstanding on its ABL Credit Facility, and $300 million in 2028 Senior Secured Notes, resulting in net debt of $3297 million[75] - A new revolving credit facility with White Oak Commercial Finance provides ~$219 million of incremental covenant-compliant availability and extends the maturity to November 2027, assuming senior secured notes outstanding[77]

MRC Global (MRC) Q1 2025 Earnings Call May 07, 2025 10:00 AM ET Company Participants Monica Broughton - Investor RelationsRob Saltiel - President and CEOKelly Youngblood - EVP & CFOChristopher Dankert - SVP - Equity ResearchBlake McLean - Managing Director Conference Call Participants Adam Farley - Associate AnalystCharles Minervino - Equity Research Analyst Operator and welcome to MRC Global's First Quarter twenty twenty five Earnings Conference Call. At this time, participants are in a listen only mode. A ...