Comparing the current results to its competitors, Cypress Environmental Partners L P reported Revenue decrease in the 4 quarter 2021 year on year by -30.95 %, despite the revenue increase by the most of its competitors of 49.73 %, recorded in the same quarter.
Cypress Environmental Partners L p , despite income growth by most of its competitors recorded a net loss, despite income increase by most of its competitors of 325.26 %
Cypress Environmental Partners L P 's Comment on Competition and Industry Peers
Pipeline Inspection
The pipeline inspection business is highly competitive. Pipeline Inspection’s
competition consists primarily of three types of companies: independent energy
inspection firms, engineering and construction firms, and diversified inspection
service firms. Diversified inspection firms may inspect, for example, electric
and nuclear facilities in addition to pipelines and related facilities. We believe
that the principal competitive factors in our business include gaining and maintaining
customer approval to service their pipelines, facilities and gathering systems,
the ability to recruit and retain qualified experienced inspectors with multiple
skills and non-destructive examination experience, safety record, insurance,
the level of inspector training provided, reputation, dependability of services,
customer service, and price.
Integrity Services
The pipeline integrity services business (hydrotesting) is highly competitive.
We believe that the principal competitive factors in our business are customer
service, safety, and price. Our competition consists primarily of smaller regional
integrity firms and pipeline construction companies that pipeline owners allow
to test their own construction and repair work.
Water Services
The water and environmental services business is highly competitive with relatively
low barriers of entry. During 2014, competitors opened a number of new locations
around our existing facilities based upon anticipated new drilling activity
prior to a downturn in the oil and gas industry beginning in November 2014.
Our competition consists primarily of smaller regional companies that utilize
a variety of disposal methods and generally serve specific geographical markets.
In addition, we face competition from other large oil field service companies
that also own trucking operations and our customers, who may have the option
of using internal disposal methods instead of outsourcing to us or to another
third-party disposal company. Many E&P companies also own their own salt
water disposal facilities and water gathering systems, and therefore do not
send their produced water to third parties for disposal. We believe that the
principal competitive differentiating factors in our businesses include gaining
and maintaining customer approval of salt water disposal facilities, location
of facilities in relation to customer activity, reputation, safety record, reliability
of service, track record of environmental and regulatory compliance, customer
service, insurance coverage, and price.
Publicly Traded Peers of Cypress Environmental Partners L p
Slb Limited Share Performance
-1.57%
This Quarter
Slb Limited
Profile
Schlumberger Limiteds business model revolves around providing advanced technologies and services to the oil and gas sector. They focus on enhancing exploration, development, production, and reservoir management through innovation and specialized expertise, serving a global client base in the energy industry.
Expro Group Holdings N.V. operates as an oil and gas service company with a focus on well flow management. Their business model involves offering a comprehensive range of products, technologies, and services to support the complete lifecycle of oil and gas wells. This includes well testing, well intervention, subsea, and surface wellhead systems, helping their clients optimize production and recover reserves from their assets.
Oceaneering International Inc operates as a global provider of engineered services and products, primarily serving the offshore oil and gas industry. Their business model includes offering a comprehensive range of services such as remotely operated vehicles, drilling support, subsea hardware, and asset integrity solutions.
Ultralife Corporation operates as a provider of power and communication systems to customers in sectors such as defense, public safety, and healthcare. With a global presence, the company designs, manufactures, and distributes a range of products including batteries, power supplies, and communications systems, aimed at fulfilling the critical power needs of its clients. Ultralife's business model centers around delivering reliable, high-performance solutions and building long-term relationships with its diverse customer base.
Sources:
Cypress Environmental Partners L p’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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