1Q 2025 Earnings Presentation NABORS INDUSTRIES Forward-Looking Statements We often discuss expectations regarding our future markets, demand for our products and services, and our performance in our annual, quarterly, and current reports, press releases, and other written and oral statements. Such statements, including statements in this document that relate to matters that are not historical facts, are "forward-looking statements" within the meaning of the safe harbor provisions of Section 27A of the U.S. ...

Core Insights - High Arctic Overseas Holdings Corp. has reported its financial and operational results for the year ended December 31, 2024, highlighting a significant decrease in revenue and adjusted EBITDA due to low drilling activity and costs associated with the spin-out transaction [1][6][12] Financial Performance - For Q4 2024, revenue was $2,421 thousand, a decrease of $10,112 thousand or 81% compared to Q4 2023, which was $12,533 thousand [11][15] - Adjusted EBITDA for Q4 2024 was negative $482 thousand, a decrease of $3,418 thousand or 116% compared to Q4 2023, which was $2,936 thousand [11][15] - The net income for Q4 2024 was $1,806 thousand, compared to $1,907 thousand in Q4 2023 [11][15] - For the full year 2024, revenue totaled $24,075 thousand, a reduction of $19,305 thousand or 45% compared to 2023 [12][20] - The net income for 2024 was $2,857 thousand, compared to a net loss of $8,623 thousand in 2023 [12][20] Operational Highlights - The company has maintained a strong liquidity position with a working capital balance of $20.6 million, including a cash balance of $14.9 million and no debt [6][12] - Operating margins decreased from 32.2% in Q4 2023 to 28.6% in Q4 2024, attributed to reduced revenue-generating activities [6][11] - The company’s drilling rig 103 remained suspended, while rigs 115 and 116 were cold-stacked, although manpower services and rental services continued with other customers [6][12] Strategic Outlook - The company is positioned to participate in anticipated future drilling activity in Papua New Guinea (PNG), supported by recent LNG developments and environmental approvals for major projects [3][28] - The outlook for 2025 remains subdued, with expectations that equipment rental and manpower services will be the primary revenue-generating activities [26][27] - High Arctic continues to engage with principal customers for future drilling activity and is exploring business expansion opportunities in PNG [27][30]

April 2025 IMPORTANT DISCLOSURES Forward-Looking Statements: Certain statements contained in this press release constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact included in this press release, regarding our strategy, future operations, financial position, estimated revenue and losses, projected costs, prospects, plans ...

Financial Performance - ChampionX Corporation reported first quarter 2025 revenue of $864.5 million, a decrease of 5% sequentially, primarily due to seasonal declines in international operations [3][4] - Net income attributable to ChampionX was $85.8 million, with an income before income taxes margin of 12.1% and adjusted EBITDA of $190.9 million, reflecting a 22.1% adjusted EBITDA margin, the second-highest level for the company [3][4][29] - Cash from operating activities was $66.8 million, representing 78% of net income, and free cash flow was $38.6 million, marking the 12th consecutive quarter of positive free cash flow [4][37] Segment Performance - Production Chemical Technologies revenue was $523.4 million, down 8% sequentially, with segment operating profit of $82.2 million and an adjusted segment EBITDA margin of 20.8% [9][10][29] - Production & Automation Technologies revenue was $264.4 million, a decrease of 2% sequentially, with segment operating profit of $37.6 million and an adjusted segment EBITDA margin of 26.6% [11][12][29] - Drilling Technologies revenue was $50.5 million, down 3% sequentially, with segment operating profit of $8.2 million and an adjusted segment EBITDA margin of 20.3% [13][29] - Reservoir Chemical Technologies revenue increased by 23% sequentially to $26.9 million, with segment operating profit margin rising to 20.5% [14][15][29] Business Highlights - ChampionX secured several contracts in the Middle East and North America, including a major capital project in the Gulf of America and a significant volume of hydrate inhibitor for an Australian operator [16] - The company continues to expand its digital technologies, with strong market adoption of new solutions such as XSPOC production optimization software and SMARTEN™ Lite rod pump controllers [19] - ChampionX's Integrated Production Optimization (IPO) business is expanding, delivering measurable production uplift and optimizing chemical spend for operators [19] Acquisition Update - On April 2, 2024, SLB and ChampionX announced a definitive Agreement and Plan of Merger for SLB to acquire ChampionX in an all-stock transaction, which has received board and stockholder approval [7][8]

Solaris Oilfield Infrastructure (SEI) Q1 2025 Earnings Call April 29, 2025 02:21 PM ET Speaker0 Good morning and welcome to the Solaris First Quarter twenty twenty five Earnings Conference Call. All participants will be in listen only mode. Please note this event is being recorded. I would like to now turn the conference over to Yvonne Fletcher, Senior Vice President of Finance and Investor Relations. Please go ahead. Speaker1 Thank you, operator. Good morning, and welcome to the Solaris first quarter twent ...

ProPetro (PUMP) Q1 2025 Earnings Call April 29, 2025 01:52 PM ET Speaker0 Good day, and welcome to the ProPetro Holding Corp. First Quarter twenty twenty five Conference Call. Please note, this event is being recorded. I'd now like to turn the call over to Matt Augustine, Director of Corporate Development and Investor Relations for ProPetro Holding Corp. Please go ahead. Speaker1 Thank you, and good morning. We appreciate your participation in today's call. With me today are Chief Executive Officer, Sam Sle ...

INVESTOR PRESENTATION April 2025 Forward-Looking Statements Except for historical information contained herein, the statements and information in this presentation, including the oral statements made in connection herewith, are forward- looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Statements that are predictive in nature, that depend upon or refer to future events or conditions or that include the words "may," "confident," " ...

ProPetro (PUMP) Q1 2025 Earnings Call April 29, 2025 09:00 AM ET Company Participants Matt Augustine - Director of Corporate Development and Investor RelationsSam Sledge - Chief Executive OfficerCelina Davila - Chief Accounting OfficerJohn Daniel - Founder & CEOAlec Scheibelhoffer - Equity Research AssociateWaqar Syed - MD & Head of Research Conference Call Participants Arun Jayaram - Analyst Operator Good day, and welcome to the ProPetro Holding Corp. First Quarter twenty twenty five Conference Call. Pleas ...

A promise to continue returning billions of dollars to shareholders couldn't make up for a lackluster first quarter from Schlumberger (SLB -1.23%) on Friday. After the company unveiled those results, investors generally traded out of the stock and left it with a nearly 2% loss on the day. Meanwhile, the S&P 500 index landed in positive territory with a 0.6% increase.Drops in headline fundamentalsBoth revenue and profitability declined for Schlumberger on a year-over-year basis during the quarter. The former ...

Financial Data and Key Metrics Changes - First quarter revenue decreased by 3% year on year, totaling $8.5 billion, primarily due to lower international revenue offsetting strong North American results [9][24] - Earnings per share excluding charges and credits was $0.72, a decrease of $0.03 compared to the same quarter last year [23] - Adjusted EBITDA margin for the first quarter was 23.8%, up 18 basis points year on year [24] Business Line Data and Key Metrics Changes - Digital and Integration revenue increased by 6% year on year, driven by a 17% growth in digital revenue [28] - Reservoir Performance revenue decreased by 1% year on year, with margins declining due to less favorable activity mix and project startup costs [29] - Well Construction revenue declined by 12% year on year, primarily due to lower drilling activity in North America and international markets [29] - Production Systems revenue increased by 4%, with margins growing by 197 basis points year on year, supported by strong demand in production and recovery activities [30] Market Data and Key Metrics Changes - International revenue decreased by 5% year on year, largely driven by reduced activity in Mexico, Saudi Arabia, and Russia [24] - North America revenue increased by 8% year on year, attributed to higher digital and subsea production system sales [24] - Double-digit growth was achieved in several markets, including the UAE, North Africa, Kuwait, Argentina, and China [10] Company Strategy and Development Direction - The company remains focused on executing its strategy, managing costs, and delivering differentiated performance for customers amid global economic uncertainty [16] - There is an increased emphasis on production recovery and technology deployment to unlock new growth potential [17] - The company is capitalizing on low carbon markets and expanding its Data Center Infrastructure Solutions business [19][63] Management's Comments on Operating Environment and Future Outlook - The management expects global upstream investment to decline compared to 2024, with more resilient customer spending in the Middle East and Asia [15] - The company anticipates flat to mid-single-digit revenue growth in the second half of the year, assuming stable oil prices [20] - Management expressed confidence in the company's ability to generate strong margins and cash flows despite market uncertainties [21] Other Important Information - The company is committed to returning at least $4 billion to shareholders in 2025 [20] - The pending acquisition of ChampionX is progressing, with confidence in closing by the end of the second quarter or early third quarter of 2025 [33][75] Q&A Session Summary Question: Outlook for international and North American markets - Management clarified that upstream spending is expected to decline year on year, with North America facing more downside exposure than international markets [38] Question: Activity in Saudi Arabia - Management indicated that while there are many moving parts, they expect an uptick in activity in Saudi Arabia driven by gas ambitions and OPEC production stabilization [44][46] Question: EBITDA margin expectations - Management aims to maintain an EBITDA margin around 25% for the full year, but tariffs could impact this goal [52] Question: Digital growth resilience - Management believes that the secular trend of digital adoption is accelerating, with mid to high teens growth expected in the digital business [55] Question: Diversification strategy beyond oil and gas - Management outlined steps taken to diversify into low carbon markets, including carbon capture and geothermal projects, with revenue expected to exceed $1 billion in 2025 [60][65] Question: Confidence in free cash flow generation - Management expressed confidence in strong free cash flow generation throughout the year, supporting their commitment to return capital to shareholders [103]