Oilfield Equipment and Services
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Cactus Seeing Green Shoots Since October
Yahoo Finance· 2026-01-28 11:59
WHD designs, manufactures, and sells wellhead and pressure control equipment for the oil industry. The company’s third-quarter fiscal 2025 earnings report showed an adjusted EBITDA of $87 million on $264 million in revenue (a margin of 32.9%, up from 31.7% the previous quarter), net income of $50 million, and a cash balance of $446 million. The company reports again on March 4. No wonder WHD shares are up 24% this year – and they could rise more. MoneyFlows data shows how Big Money investors are again be ...
STAK Inc. Announces Closing of US$2.3 Million Registered Direct Offering
Prnewswire· 2026-01-08 15:48
Core Viewpoint - STAK Inc. has successfully closed a registered direct offering of 6,000,000 units at a price of US$0.38 per unit, raising approximately US$2.3 million in gross proceeds [1]. Group 1: Offering Details - Each unit consists of one Class A ordinary share and one and one-half warrants, with a total of 6,000,000 Class A ordinary shares issued [2]. - Up to 9,000,000 additional Class A ordinary shares may be issued upon the exercise of the warrants, which have a three-year term and an initial exercise price of US$0.46 per share [2]. - The company received net proceeds of approximately US$2.2 million after deducting offering expenses, which will be used for research and development, working capital, and other general corporate purposes [3]. Group 2: Offering Process - The units were offered directly to certain investors under a securities purchase agreement, without the involvement of underwriters or placement agents [4]. - The offering was conducted based on terms negotiated directly between the company and each investor [4]. - The offering was made pursuant to a registration statement declared effective by the SEC on January 2, 2026 [5]. Group 3: Company Overview - STAK Inc. specializes in the research, development, manufacturing, and sale of oilfield-specific production and maintenance equipment [7]. - The company collaborates with specialized vehicle manufacturers to integrate its equipment onto vehicle chassis, producing specialized oilfield vehicles [7]. - STAK aims to help oilfield services companies reduce costs and increase efficiency through integrated equipment and automation solutions [7].
STAK Inc.(STAK) - Prospectus(update)
2025-12-30 11:49
As filed with the U.S. Securities and Exchange Commission on December 30, 2025. Registration No. 333-291542 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO.1 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 STAK Inc. 斯塔克工业集团有限公司 (Exact Name of Registrant as Specified in its Charter) Not Applicable (Translation of Registrant's Name into English) Cayman Islands 3533 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary St ...
Is OMS Energy (OMSE) One of the Cheap Oil Stocks Under $10 to Buy Now?
Yahoo Finance· 2025-12-09 16:49
Core Viewpoint - OMS Energy Technologies Inc. (NASDAQ:OMSE) is positioned as a promising investment opportunity in the oil sector, particularly following the recent API Spec 11D1 certification obtained by its subsidiary, OMS Indonesia, which enhances its capabilities in the oilfield services market [1][2]. Group 1: Certification and Capabilities - OMS Indonesia has secured API Spec 11D1 certification from the American Petroleum Institute, which validates the company's ability to design, build, test, and quality-check packers and bridge plugs for petroleum and natural gas wells [1][2]. - This certification allows OMS Indonesia to fully design, qualify, and produce its own retrievable mechanical and hydraulic packers, complementing its existing API-6A-certified surface wellheads and Christmas trees [2]. - The ability to integrate these packers with OMS's own systems or third-party equipment is expected to create new contract opportunities in well completion and intervention services [2][3]. Group 2: Market Position and Efficiency - The certification strengthens OMS Indonesia's position as a regional leader by enabling in-house development of high-spec components, which is crucial for meeting the demands of Southeast Asia's growing oilfield market [3]. - This milestone is anticipated to support faster delivery times, cost efficiencies, and compliance with industry standards, enhancing the company's competitive edge [3]. Group 3: Company Overview - OMS Energy Technologies Inc. specializes in manufacturing and selling oilfield equipment, including specialty connectors, pipes, surface wellheads, and Christmas trees for drilling and production operations [4].
NOV(NOV) - 2025 Q3 - Earnings Call Presentation
2025-10-28 15:00
Third Quarter 2025 Earnings Presentation NOV Inc. Safe Harbor / Forward Looking Statements / Non-GAAP Financial Measures © 2025 NOV Inc. All rights reserved. 2025 Earnings Presentation – 10/28/2025 3 Third Quarter 2025 Highlights Bookings Book-to-Bill of 141% This document contains, or has incorporated by reference, statements that are not historical facts, including estimates, projections, and statements relating to our business plans, objectives, and expected operating results that are "forward-looking st ...
Cactus Announces Timing of Third Quarter 2025 Earnings Release and Conference Call
Businesswire· 2025-10-16 21:00
Core Points - Cactus, Inc. will release its third quarter 2025 earnings after market close on October 29, 2025 [1] - A conference call to discuss financial and operational results is scheduled for October 30, 2025, at 9:00 a.m. Central Time [1] - The conference call will be available via webcast on Cactus' official website [1]
Forum Energy Technologies: Beating The Rig Cycle With Niches And Subsea Backlog
Seeking Alpha· 2025-08-14 13:20
Company Overview - Forum Energy Technologies (NYSE: FET) is a provider of equipment for offshore and onshore drilling, well completion, and production, serving oil companies and large oilfield service providers [1]. Business Strategy - The company's main strategy focuses on targeting high-margin niches with limited competition [1].
Cactus Forms JV With Baker Hughes, Boosts International Presence
ZACKS· 2025-06-06 15:41
Core Insights - Cactus Inc. has entered into an agreement to acquire 65% of Baker Hughes' Surface Pressure Control Business for approximately $344.5 million, establishing a joint venture where Cactus will assume operational control [1][8] Overview of the Baker Hughes SPC Business - The Baker Hughes Surface Pressure Control Business specializes in designing, manufacturing, and servicing surface pressure control solutions, primarily wellheads and production tree systems, with a strong international market presence [2] - Post-transaction, Baker Hughes will retain a 35% stake in the joint venture [2] Geographic Diversification and Revenue Stability - The acquisition allows Cactus to maintain its capital-light manufacturing model while benefiting from geographic diversification, as 85% of SPC's revenues are generated from the Middle East [3][5] - The limited dependence on the U.S. market for external sales enhances revenue resilience against domestic market fluctuations [3] Long-Term Growth Potential - The deal is expected to significantly enhance Cactus' financial metrics, including earnings and cash flow growth, with SPC having a backlog exceeding $600 million in product and aftermarket service orders as of year-end 2024 [4][8] - Cactus aims to maintain a conservative balance sheet while leveraging the acquisition for revenue and cash flow generation [4] Strategic Market Positioning - The geographic footprint of Baker Hughes' SPC Business complements Cactus' existing operations and provides access to new markets unaffected by tariffs, supporting growth and revenue stability across various market cycles [5]
NOV(NOV) - 2025 Q1 - Earnings Call Transcript
2025-04-29 20:18
Financial Data and Key Metrics Changes - For Q1 2025, NOV reported revenues of $2.1 billion, a 2% decrease year over year, with net income of $73 million or $0.19 per fully diluted share [4][14] - Adjusted EBITDA was $252 million, representing a 5% increase, with EBITDA margins expanding by 80 basis points to 12% [5][14] - The company generated $135 million in cash from operations and $51 million in free cash flow, with a cash balance increase of $689 million over the last twelve months [15][16] Business Line Data and Key Metrics Changes - The Energy Products and Services segment generated revenue of $992 million, a 2% decrease year over year, with EBITDA declining to $145 million or 14.6% of sales [16][18] - The Energy Equipment segment reported revenue of $1.15 billion, down 3% from the previous year, but EBITDA increased by $46 million to $165 million, resulting in a margin of 14.4% [21][24] - Capital equipment sales accounted for 57% of the Energy Equipment segment's revenues, with bookings for Q1 at $437 million, a 12% year-over-year increase [22][24] Market Data and Key Metrics Changes - International revenues decreased from 65% to 61% of total revenues, attributed to seasonal factors, but the international market is expected to grow as a share of the business [60] - North American activity is anticipated to decline in the double-digit range, while international markets, particularly in unconventional resources, are expected to perform better [60][68] Company Strategy and Development Direction - The company is focusing on operational efficiencies and careful cost management in light of emerging macroeconomic headwinds [6][9] - NOV is well-positioned for long-term growth, emphasizing the importance of deepwater and international shale production as future sources of incremental oil supply [11][41] - The company is actively diversifying supply chains to mitigate tariff impacts and is leveraging its U.S. manufacturing footprint to enhance competitiveness [30][39] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding the geopolitical and macroeconomic environment, anticipating challenges in the second half of 2025 [29][41] - The outlook for offshore production remains robust, with expectations for more awards for FPSOs in 2025 compared to previous years [24][50] - Management highlighted the importance of technological advancements in improving drilling and production efficiencies, particularly in deepwater projects [45][46] Other Important Information - The company plans to pay a supplemental dividend of around $80 million, subject to Board approval, to align returns to 50% of excess free cash flow for 2024 [15] - NOV's backlog of capital equipment and projects has grown steadily, with margins improving significantly over the past four years [8][9] Q&A Session Summary Question: Guidance on 2025 margins relative to 2024 - Management indicated that EBITDA margins are expected to be flattish from the first half to the second half of 2025, with modest growth anticipated [56] Question: International revenues decrease - Management acknowledged a seasonal pullback but expects international revenues to grow as a share of the business going forward [60] Question: Capital equipment order activity - Management noted strong confidence in the offshore deepwater market, with potential FPSO awards in 2025, despite some macroeconomic uncertainties [66][68] Question: Tariff mitigation efforts and CapEx - Most mitigation plans do not require significant CapEx, focusing instead on operational efficiency and vendor collaboration [80] Question: M&A opportunities in the current economic environment - Management remains open to opportunistic M&A but emphasized the need for deals to make industrial sense and provide high returns [86][89]
STAK Inc.(STAK) - Prospectus
2024-11-15 19:40
Filed with the U.S. Securities and Exchange Commission on November 15, 2024. Registration No. 333-[●] UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 THE SECURITIES ACT OF 1933 STAK INC. (Exact Name of Registrant as Specified in its Charter) Not Applicable (Translation of Registrant's Name into English) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer (State or other jurisdiction of incorporation or organization) FORM F-1 REGISTRATION STATEMENT UNDER Richard ...