CALGARY, Alberta, Nov. 12, 2025 (GLOBE NEWSWIRE) -- Total Energy Services Inc. (“Total Energy” or the “Company”) (TSX:TOT) announces its consolidated financial results for the three months ended September 30, 2025. Financial Highlights ($000’s except per share data, unaudited) Three months endedSeptember 30 Nine months endedSeptember 30 2025 2024Change 2025 2024ChangeRevenue$260,702<td style="max-width:2%; width:2%; min-width:2%;;border-top: so ...

Key Takeaways RPC posted Q3 adjusted EPS of $0.09, beating the consensus estimate of $0.05.Quarterly revenues rose to $447.1M, driven by gains in pressure pumping and coiled tubing.Technical Services profit increased to $24.4M, offsetting lower Support Services earnings.RPC Inc. (RES)  reported third-quarter 2025 adjusted earnings of 9 cents per share, which beat the Zacks Consensus Estimate of 5 cents. The bottom line remained flat year over year.Total quarterly revenues were $447.1 million, up from the ye ...

Core Viewpoint - PHX Energy reported a consolidated revenue increase of 2% in Q3 2025 compared to Q3 2024, despite a challenging industry environment characterized by lower rig counts and commodity prices [3][12][32]. Financial Highlights - Consolidated revenue for Q3 2025 was $164.3 million, up from $160.6 million in Q3 2024 [3][31]. - Adjusted EBITDA for Q3 2025 was $27.9 million, a decrease of 4% from $29 million in Q3 2024, representing 17% of consolidated revenue [3][15]. - Earnings for Q3 2025 were $8.5 million ($0.16 per share), down from $10.2 million ($0.22 per share) in Q3 2024 [3][4]. - The US division's revenue increased by 3% to $120.2 million, while the Canadian division's revenue remained flat at $44.1 million [3][14]. Operating Results - Direct costs increased by 11% to $146.6 million in Q3 2025, driven by higher equipment repair expenses and inflation [38][39]. - SG&A costs decreased by 20% to $12.7 million in Q3 2025, primarily due to lower cash-settled share-based compensation [42][43]. - The effective tax rate for Q3 2025 was 13%, lower than the combined corporate tax rates in the US and Canada [49]. Capital Expenditures and Financial Position - Capital expenditures for Q3 2025 totaled $16.5 million, with $13.8 million allocated to growing the drilling equipment fleet [23][24]. - As of September 30, 2025, the company had working capital of $102.2 million and net debt of $34.5 million [17][16]. Outlook and Strategic Initiatives - The company anticipates continued resilience in activity and revenue despite a weaker industry environment, focusing on high-margin technologies like Rotary Steerable Systems (RSS) [5][7]. - A preliminary capital expenditure budget of $60 million for 2026 has been approved, with a focus on expanding high-margin technologies [6][27]. - The company plans to leverage its technology fleet to maintain a strong financial position and sustain shareholder returns [11][19].

HOUSTON--(BUSINESS WIRE)--Global energy services provider Expro (NYSE:XPRO) has successfully delivered the first deployment of its new ELITE Compositionâ"¢ service for a major oil and gas operator in an exploration well in Cyprus. Launched earlier this year, the innovative service delivers laboratory-standard fluid measurements directly at the rig site within approximately eight hours. This is designed to enable faster, better- informed decision-making and reduce rig time. Traditionally, confirmin. ...

Geopolitical Developments - Syrian transitional leader Ahmed Al-Sharaa is set to visit Washington D.C. for a meeting with U.S. President Donald Trump, aiming to sign an agreement for Syria to join a global anti-terror coalition, indicating a significant shift in U.S.-Syrian diplomatic relations [2][4][8] - Al-Sharaa, who leads the Hayat Tahrir al-Sham group, was previously designated a high-risk terrorist by the U.S. and had a $10 million bounty on his head since 2013, marking a dramatic change in U.S. policy following the fall of Bashar al-Assad's regime in January 2025 [3][8] Corporate Developments - Petrofac Limited (PFC), a UK-based oil and gas services firm, faces imminent administration after the Court of Appeal overturned its debt restructuring plan aimed at addressing $4 billion in liabilities, putting approximately 2,000 jobs in Scotland at risk [5][8] - The Court of Appeal's decision was influenced by major creditors, including Saipem and Samsung, who argued that the restructuring benefits were unfairly distributed, with new investors set to receive over two-thirds of the restructured company's equity, equating to a 211% return on investment [6][8] - Petrofac's financial difficulties have been exacerbated by a £77 million fine for bribery and corruption from 2017 to 2021 and the recent cancellation of a key 2 GW offshore wind contract by Dutch firm TenneT, which undermined its restructuring efforts [7][8]

Third Quarter Results Total revenues of $46.5 million, a 6% year-over-year improvementNet income of $3.8 million and diluted earnings per share of $1.37, compared to net income of $4.1 million and diluted earnings per share of $1.60 in the same quarter of 2024Adjusted EBITDA of $7.0 million, consistent with the same quarter of 2024 $25.3 million in cash and $7.4 million of total debt as of September 30, 2025 HOUSTON, Oct. 29, 2025 (GLOBE NEWSWIRE) -- NCS Multistage Holdings, Inc. (Nasdaq: NCSM) (the “Compan ...

Financial Data and Key Metrics Changes - The company achieved record revenue of $484 million and adjusted EBITDA of $93 million over the past 10 years, with Q3 revenue at $153 million and adjusted EBITDA at $25 million, reflecting an 8% year-over-year increase in revenue and a 7% rise in adjusted EBITDA [6][7][19] - Adjusted EBITDA margins for Q3 were 16%, with completion fluids and products revenues increasing 39% year-over-year [7][8] - The company ended Q3 with $67 million in cash and a net leverage ratio of 1.2 times, with working capital at $113 million, only a $4 million increase from year-end [17][18] Business Line Data and Key Metrics Changes - Completion fluids and products saw a significant revenue increase, with adjusted EBITDA margins reaching 34.5%, a 500 basis point improvement compared to the same period in 2024 [8][9] - Water and flowback services revenue declined 2% sequentially and 18% year-over-year, but adjusted EBITDA rose 18% sequentially due to better cost controls [9][10] - The industrial calcium chloride business continues to perform well, with record quarters and expansion into new applications [48][49] Market Data and Key Metrics Changes - The deepwater rig count is currently 40% lower than it was 10 years ago, yet the company has achieved significant market penetration [6][7] - The company is experiencing increased unconventional activity in Argentina and the Middle East, with 100% utilization of automated SandStorm units in Argentina [10][11] - The outlook for the completion fluids and products business remains strong, driven by deepwater completion activity and increased demand for battery electrolyte revenue [9][12] Company Strategy and Development Direction - The company unveiled its "One TETRA 2030" strategy, aiming to leverage its core fluids chemistry expertise into high-growth markets, including battery electrolytes and produced water desalination solutions [12][13] - The goal is to more than double revenue to over $1.2 billion and triple adjusted EBITDA to over $300 million by 2030 [13][16] - The company is focused on generating over $100 million in annual adjusted free cash flow by 2030, driving meaningful cash returns to shareholders [16] Management's Comments on Operating Environment and Future Outlook - Management expressed strong conviction in the long-term outlook despite macroeconomic and energy market uncertainties, highlighting the company's ability to differentiate in its markets [23][62] - The company anticipates continued offshore activity growth, particularly in the Gulf of America, Brazil, and North Sea, with confidence in executing TETRA Neptune projects in 2026 [31][55] - The company is optimistic about the desalination market, expecting to sign its first commercial contract in the coming quarters [15][44] Other Important Information - Elijio Serrano, the CFO, announced his retirement at the end of March 2026, with Matthew Sanderson set to replace him [4][5] - The company is relocating to a new corporate office, expecting to reduce lease expenses by approximately $2 million per year [18][19] Q&A Session Summary Question: Update on Oasis Commercial Engineering and next steps - The FEED study has been completed, and discussions with customers are ongoing to socialize the economics and financials [25][26] Question: Factors behind sequential decline in CFP sales - The decline was primarily due to seasonal industrial calcium chloride sales and the absence of Neptune jobs, partially offset by increased activity in Brazil [27][28] Question: Confidence in offshore market for 2026 and 2027 - Management expressed strong confidence in the deepwater market's growth, with a robust pipeline for TETRA Neptune projects [31][32] Question: Update on desalination projects and capital costs - The core technology will remain owned by TETRA, with various commercial models being considered, and capital costs are estimated at $1 million per 1,000 barrels of desalination [33][34] Question: Outlook for 2026 compared to 2025 - The company expects significant growth in Argentina and the Middle East, with a strong outlook for deepwater projects [36][38] Question: Opportunities in Saudi Arabia and Sandstorm - The company sees potential for growth in Saudi Arabia, similar to the success experienced in Argentina [58][59]

Financial Data and Key Metrics Changes - The company reported third quarter earnings per share of $1.65, reflecting a 6% year-over-year increase [5] - Total marine revenues decreased by $1.2 million compared to Q3 2024, with operating income down by $11 million or 11% sequentially [12] - Cash flow from operating activities was $227 million, with free cash flow improving to $160 million for the quarter [20][21] Business Line Data and Key Metrics Changes - Inland marine transportation experienced near-term softness, with barge utilization averaging in the mid-80% range and spot market rates declining in the low to mid-single digits [6][7] - Coastal marine transportation fundamentals remained strong, with barge utilization in the mid to high 90% range and operating margins around 20% [8][15] - Power generation revenues increased by 56% year-over-year, driven by robust demand from data centers and prime power customers [9][17] Market Data and Key Metrics Changes - The inland business contributed approximately 80% of marine transportation segment revenue, with revenues declining 3% compared to Q3 2024 [12][14] - Coastal revenues increased 13% year-over-year, supported by improved pricing and fewer planned shipyards [15] - The distribution and services segment saw revenues of $386 million, a 12% increase year-over-year, with operating income rising by 40% [16] Company Strategy and Development Direction - The company remains focused on maintaining strong operational execution and cost management to navigate challenging market conditions [5][10] - There is a commitment to return capital to shareholders while pursuing long-term value-creating investments and acquisitions [22][23] - The company anticipates stable market conditions with early signs of improvement in the fourth quarter, particularly in inland barge utilization [25][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the inland barge cycle, indicating it still has years to go despite near-term challenges [24] - There are expectations for modest improvements in inland revenues and margins, assuming tighter barge availability holds in the fourth quarter [26] - The outlook for the distribution and services segment reflects strength in expanding markets, particularly in power generation [27][29] Other Important Information - The company expects capital expenditures to range between $260 million and $290 million for the year, with a focus on marine maintenance and growth capital spending [22] - The balance sheet remains strong, with total available liquidity of approximately $380 million as of September 30, 2025 [21] Q&A Session Summary Question: Insights on Power Generation Growth - Management acknowledged that while there will be some lumpiness in the power generation business, the backlog is at a record level and is expected to continue growing [34][35] Question: Update on Inland Market Conditions - Management noted that the inland market experienced a confluence of factors leading to lower utilization in Q3, but there are signs of improvement entering Q4 [36][38] Question: Spot Market Rates Trends - Spot pricing was reported to be down 4%-5% in Q3, but there are expectations for firming up in Q4 [46][47] Question: Fleet and Contract Renewals - Approximately 40% of the inland term contract portfolio is expected to renew in Q4, which is a significant portion of the business [85] Question: Strategic Opportunities in Inland Market - Management indicated that there are some strategic opportunities arising from the current softness in the inland market, although the overall market remains strong [93] Question: Coastal Market Sensitivity - The coastal market is less sensitive to crude slate changes compared to inland, with a stable supply-demand balance expected [95]

Core Viewpoint - Ranger Energy Services, Inc. is set to report its third quarter financial and operating results on November 10, 2025, before the market opens, followed by a conference call with management at 10:00 a.m. Eastern time [1]. Company Overview - Ranger Energy Services, Inc. is one of the largest providers of high specification mobile rig well services, cased hole wireline services, and ancillary services in the U.S. oil and gas industry [3]. - The company's services support operations throughout the lifecycle of a well, including completion, production, maintenance, intervention, workover, and abandonment phases [3].

Group 1 - The stock market is currently at record highs, driven by significant earnings reports from major companies like Apple, Meta, and Microsoft [2][4] - Tesla is highlighted as a key stock to watch, nearing buy points, while Broadcom is recognized for its custom AI chip business [1][4] - The earnings season is in full swing, presenting both opportunities and risks for investors [1][4] Group 2 - TechnipFMC, a company in the oil and gas services sector, is also noted for its performance amid rising oil prices [1][4] - Retailer TJX and cloud-based data analytics firm Snowflake are included in the list of stocks to monitor [1] - The market is reacting positively to various factors, including trade talks and economic indicators like the Consumer Price Index (CPI) [4]