KLX Energy ( KLXE ) is a US small-cap oil and gas service provider with onshore focus. The rig count for onshore drilling has declined substantially over the last few years, specifically for oil rigs, which peakedStefan holds a BA in Finance from Halmstad University, Sweden and Lincolnshire & Humberside University in England. He has twenty years of institutional experience in Research and Portfolio Management, focusing on distressed situations and value opportunities. He is the CIO/Founder of Sunshine Kapit ...

Core Laboratories ( CLB ) is an engineering and diagnostic service provider to the global oil and gas industry. The firm provides technical services as well as field support services to characterize well geological and productionI am a Licensed Professional Engineer who works in the Nuclear Power industry. I use my professional working knowledge of the power/energy industries to aid in evaluating potential equities worthy of long-term investment. I invest in income producing equities and rental real estate ...

secured a multi-year contract with a major operator for riserless plug and abandonment (P&A) operations on up to 34 subsea wells in the UK North Sea. The awarded scope of work is scheduled to commence in 2026 and includes the flushing and disconnection of pipelines and well P&A. Helix expects to utilize Helix-owned assets including either the Well Enhancer or the Seawell, purpose-built light well inte. HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. ("Helix†) (NYSE: HLX) has ...

Core Insights - Nine Energy Service Inc. (NYSE:NINE) experienced a significant stock price increase of 28.64% in after-hours trading, reaching $0.47 following the release of its 2024 Sustainability Report [1][2]. Sustainability Report Highlights - The 2024 Sustainability Report marks the second annual update, showcasing advancements in safety, environmental data management, and governance practices throughout 2024 [2][4]. - Ann Fox, the president and CEO, emphasized the company's focus on developing a strategic roadmap for enhancing the quality and scope of data collection related to key Environmental, Social, and Governance (ESG) issues [3]. - The company monitors various aspects including water management, employee health and safety, waste and chemical management, Scope 1 and 2 greenhouse gas emissions, supply chain management, and corporate ethics [3]. Trading Metrics - Over the past 12 months, Nine Energy's stock has declined by 60.11%, indicating a persistent bearish trend [5]. - The current market capitalization of Nine Energy is $15.75 million, with a 52-week trading range between $0.29 and $1.78, suggesting the stock is closer to its lows than its highs [5]. - The Relative Strength Index is at 40.38, which is considered neutral, and the stock closed at $0.37, up 15.88% on Wednesday [6].

Core Viewpoint - Liberty Energy Inc. has been recognized for its hydraulic fracturing services in the oil and gas sector, with recent institutional interest indicating a positive outlook for the company [1][2][3]. Company Overview - Liberty Energy Inc. operates primarily in the United States, providing essential services for oil and natural gas extraction, competing with major players like Halliburton and Schlumberger [1]. - The company currently has a market capitalization of approximately $2.91 billion [4]. Stock Performance - The stock price of Liberty Energy (LBRT) is currently at $17.97, reflecting a decrease of 6.06% with a change of $1.16 [4]. - Over the past year, LBRT has experienced a peak price of $23.58 and a low of $9.50, with daily trading fluctuations between $17.42 and $18.99 [4]. Institutional Investment - Callodine Capital Management LP has significantly increased its stake in Liberty Energy by 203.3%, now holding 1,057,000 shares valued at approximately $12.1 million, which constitutes about 1.3% of its portfolio [2]. - Vanguard Group Inc. has also shown confidence by increasing its holdings in Liberty Energy by 6.5%, now owning 18,443,909 shares valued at approximately $292 million [3]. Analyst Rating Update - Barclays has updated its rating for Liberty Energy to Neutral and raised the price target from $14 to $17 [5].

Summary of Oil States International Conference Call Company Overview - **Company**: Oil States International (NYSE: OIS) - **Market Capitalization**: $372 million as of November 18, 2025 [5] - **Free Cash Flow Yield**: 19% on a trailing twelve months (TTM) basis, considered attractive relative to size and peer group [6] - **Backlog**: $399 million as of September 30, 2025, the highest since 2015 [17] Core Business Segments 1. **Offshore Manufactured Products** - Largest segment with global exposure to key oil and gas basins [9] - Expected revenue growth of 13%-18% sequentially in Q4 2025 [22] - Strong market position with Flex Joint connector technology, holding an 80%-85% market share [12] 2. **Completion and Production Services** - Focus on high-grading differentiated product lines, exiting commoditized lower-margin offerings [10][18] - Emphasis on offshore production services, particularly in the Middle East [19] 3. **Downhole Technologies** - Currently facing challenges due to reduced U.S. shale activity [20] - Strategy includes improving domestic technology offerings and expanding internationally, particularly in Brazil and the Middle East [21] Investment Considerations - **Growth Drivers**: - Global energy demand and offshore growth are key drivers for the company [8] - Focus on technology-driven solutions and organic growth [26] - **Financial Health**: - Projecting to achieve net debt zero by the end of 2025 [24] - Strong cash flow generation expected to exceed $100 million for the year [23] - **Valuation**: - Trading at 5.2 times valuation, perceived as low compared to technology-rich offerings [7][31] - Potential for share repurchases and consideration of dividends based on shareholder preferences [34] Strategic Focus - **International Expansion**: - Shift towards more offshore and international projects due to reduced competition and more predictable revenues compared to U.S. shale [27][29] - **Technology Development**: - Continuous innovation with new products like Managed Pressure Drilling Systems and low-impact workover riser packages [13][17] - Adaptation of legacy oil and gas technology for new energy markets, including offshore wind and carbon capture [16][33] Risks and Challenges - **Market Cyclicality**: - U.S. shale market characterized by short cycles, making it more volatile compared to offshore projects [28][30] - **Operational Adjustments**: - Transitioning out of lower-margin business lines may incur costs related to lease exits and facility closures [23] Conclusion - Oil States International is positioned for growth with a strong backlog, innovative technology, and a focus on international markets. The company aims to enhance shareholder value through strategic investments and share repurchases while navigating the challenges of the energy sector.

Core Insights - Hunting PLC's subsidiary, Hunting Energy Services Production Technology, Inc., has secured its first sampling and testing contract in Brazil, marking a significant geographical expansion into the South American market [1] Company Developments - The contract award represents the first new territory for Hunting's recently acquired business under its ownership, indicating a strategic move to enhance oil reservoir performance and recovery rates [1]

Saudi Arabia’s AlKhorayef Group has started preparations for a potential listing of its oil and gas services subsidiary, adding to the list of companies looking to go public in the kingdom https://t.co/5ZTZM3dk3s ...

Core Viewpoint - Total Energy Services Inc. reported its consolidated financial results for the third quarter of 2025, showing an increase in revenue but declines in operating income, EBITDA, and net income compared to the same period in 2024. The company experienced improved performance in Australia but faced challenges in North America due to market conditions and cost inflation [1][3]. Financial Highlights - Revenue for the three months ended September 30, 2025, was $260.7 million, an 8% increase from $241.9 million in 2024. For the nine months, revenue rose 16% to $763.0 million from $660.0 million [2]. - Operating income decreased by 29% to $19.4 million from $27.3 million year-over-year, while EBITDA fell 15% to $42.9 million from $50.5 million [2]. - Net income for the third quarter was $14.6 million, down 26% from $19.7 million in 2024, with diluted earnings per share at $0.38, a 24% decrease from $0.50 [2][27]. Segment Performance Contract Drilling Services (CDS) - Revenue for the CDS segment was $82.4 million, a 5% decline from $86.6 million in 2024. Year-to-date revenue increased by 4% to $244.7 million [4][5]. - The decline in North American onshore drilling activity negatively impacted the segment, although increased activity in Australia partially offset this decline [5]. Rentals and Transportation Services (RTS) - RTS segment revenue increased by 8% to $21.0 million from $19.4 million in 2024, with a 1% increase in nine-month revenue to $60.3 million [6][7]. - Despite the revenue increase, EBITDA decreased by 7% to $7.6 million, reflecting competitive market conditions [6]. Compression and Process Services (CPS) - CPS segment revenue rose 14% to $125.8 million from $110.6 million in 2024, with a 23% increase in nine-month revenue to $365.3 million [9][10]. - However, EBITDA for the segment fell 22% to $15.1 million due to foreign currency exchange impacts and cost inflation [9][10]. Well Servicing (WS) - WS segment revenue increased by 24% to $31.5 million from $25.3 million in 2024, with a 38% increase in nine-month revenue to $92.8 million [11][14]. - The increase was driven by higher activity in Australia, although lower pricing in Canada and reduced utilization in the U.S. negatively impacted EBITDA [14]. Financial Position - Total assets increased by 8% to $1.02 billion from $937.7 million in 2024, with long-term debt rising by 24% to $98.2 million [2][16]. - The company reported positive working capital of $113.5 million, including $57.1 million in cash and $85.0 million in available credit [16][22]. Capital Expenditures and Outlook - Total Energy invested $17.2 million in capital expenditures during the third quarter, primarily for upgrading drilling and service rigs [15][22]. - The company anticipates continued pressure on oil prices due to global economic uncertainty, but stable conditions in Australia and strong demand for compression and process equipment may provide some offset [18][19].

Core Insights - RPC Inc. reported third-quarter 2025 adjusted earnings of 9 cents per share, exceeding the Zacks Consensus Estimate of 5 cents, with total quarterly revenues reaching $447.1 million, up from $337.7 million year-over-year, and surpassing the Zacks Consensus Estimate of $400 million [1][8] Revenue Performance - The strong quarterly results were primarily driven by higher revenues across most service lines, with the largest gains coming from pressure pumping, followed by coiled tubing, downhole tools, and rental tools [2] Segmental Performance - Operating profit in the Technical Services segment increased to $24.4 million from $16.3 million year-over-year, mainly due to improved performance in pressure pumping and coiled tubing [3] - Operating profit in the Support Services segment decreased to $4.6 million from $5.3 million year-over-year [3] Overall Financials - Total operating profit for the quarter was $20.8 million, up from $19.2 million in the previous year [4] - The average domestic rig count was 540, reflecting a 7.8% decline year-over-year [4] - The average oil price was $65.85 per barrel, down 14% year-over-year, while the average price of natural gas rose to $3.04 per thousand cubic feet, up 44.8% from the same period in 2024 [4] Costs and Expenses - The cost of revenues increased to $334.7 million from $247.5 million in the prior-year period, and selling, general, and administrative expenses rose to $44.6 million from $37.7 million year-over-year [5] Capital Expenditure and Financial Position - RPC's total capital expenditure was $117.8 million, with cash and cash equivalents amounting to $163.5 million as of September 30, maintaining a debt-free balance sheet [6]