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Dril quip Inc   (DRQ)
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Price: $21.6900 $-1.22 -5.325%
Day's High: $23.3 Week Perf: -6.43 %
Day's Low: $ 21.46 30 Day Perf: -5.61 %
Volume (M): 193 52 Wk High: $ 30.93
Volume (M$): $ 4,177 52 Wk Avg: $24.31
Open: $23.03 52 Wk Low: $18.93



 Market Capitalization (Millions $) 740
 Shares Outstanding (Millions) 34
 Employees 2,319
 Revenues (TTM) (Millions $) 395
 Net Income (TTM) (Millions $) -2
 Cash Flow (TTM) (Millions $) -109
 Capital Exp. (TTM) (Millions $) 26

Dril Quip Inc

Dril-Quip, Inc., a Delaware corporation, designs, manufactures, sells and services highly engineered drilling and production equipment that is well suited primarily for use in deepwater, harsh environment and severe service applications. The Company’s principal products consist of subsea and surface wellheads, subsea and surface production trees, subsea control systems and manifolds, mudline hanger systems, specialty connectors and associated pipe, drilling and production riser systems, liner hangers, wellhead connectors, diverters and safety valves. Dril-Quip’s products are used by major integrated, large independent and foreign national oil and gas companies and drilling contractors primarily in offshore areas throughout the world. Dril-Quip also provides technical advisory assistance on an as-requested basis during installation of its products, as well as rework and reconditioning services for customer-owned Dril-Quip products. In addition, Dril-Quip’s customers may rent or purchase running tools from the Company for use in the installation and retrieval of the Company’s products.

Dril-Quip has developed its broad line of subsea equipment, surface equipment and offshore rig equipment primarily through its internal product research and development efforts. The Company believes that it has achieved significant market share and brand name recognition with respect to its established products due to the technological capabilities, reliability, cost effectiveness and operational timesaving features of these products.


The Company’s operations are organized into three geographic segments—Western Hemisphere (including North and South America; headquartered in Houston, Texas), Eastern Hemisphere (including Europe and Africa; headquartered in Aberdeen, Scotland) and Asia-Pacific (including the Pacific Rim, Southeast Asia, Australia, India and the Middle East; headquartered in Singapore). Each of these segments sells similar products and services, and the Company has major manufacturing facilities in all three of its headquarter locations as well as in Macae, Brazil. The Company maintains additional facilities for fabrication and/or reconditioning and rework in Australia, Norway, Denmark, Nigeria, Indonesia, China, Egypt, Ghana and Qatar. The Company’s manufacturing operations are vertically integrated, allowing it to perform substantially all of its forging, heat treating, machining, fabrication, inspection, assembly and testing at its own facilities. The Company’s major subsidiaries are Dril-Quip (Europe) Limited, located in Aberdeen with branches in Denmark, Norway and Holland; Dril-Quip Asia Pacific PTE Ltd., located in Singapore; Dril-Quip do Brasil LTDA, located in Macae, Brazil; and DQ Holdings Pty. Ltd., located in Perth, Australia. Other subsidiaries include Dril-Quip (Ghana) Ltd. located in Takoradi, Ghana; PT DQ Oilfield Services Indonesia located in Jakarta, Indonesia; Dril-Quip (Nigeria) Ltd. located in Port Harcourt, Nigeria; Dril-Quip Egypt for Petroleum Services S.A.E. located in Alexandria, Egypt; Dril-Quip Oilfield Services (Tianjin) Co. Ltd. located in Tianjin, China; and Dril-Quip Qatar LLC, located in Doha, Qatar.


On November 10, 2016, the Company acquired TIW Corporation (TIW), a Texas corporation, located in Houston, Texas, and all of its subsidiaries. TIW manufactures consumable downhole products for the onshore and offshore global oil and gas market. TIWs subsidiaries include TIW Canada Ltd. located in Alberta, Canada; TIW de Mexico S.A. de C.V., located in Villahermosa, Mexico; TIW de Venezuela S.A., located in Anaco, Venezuela and with a registered branch located in Shushufindi, Ecuador; TIW (UK) Limited, located in Aberdeen, Scotland; TIW Hungary LLC, located in Szolnok, Hungary; and TIW International, Inc., which has a registered branch located in Singapore.



   Company Address: 2050 West Sam Houston Parkway S. Houston 77042 TX
   Company Phone Number: 939-7711   Stock Exchange / Ticker: NYSE DRQ
   


Customers Net Income fell by DRQ's Customers Net Profit Margin fell to

-43.35 %

12.42 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BKR   -3.5%    
DPDW   -3.5%    
FTI   -2.82%    
NOV   -3.68%    
OIS   -7.41%    
ECL   -2.25%    
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Contract

Dril-Quip and Innovex Join Forces to Create Unprecedented Energy Industrial Platform Paving the Way for Future Growth in the Oil and Gas Sector

Published Mon, Mar 18 2024 8:30 PM UTC

Leading offshore and onshore oil and gas equipment and services provider, Dril-Quip, Inc. (NYSE: DRQ), is set to merge with Innovex Downhole Solutions, Inc. (Innovex), a global mission-critical technology and services provider for the oil and gas industry. This strategic merger will combine the strengths of both companies to create a unique energy industrial platform. Dril-Q...

Dril Quip Inc

Dril Quip Inc Faces Profits Crisis Despite Revenue Surge in Recent Fiscal Period



Dril Quip Inc (DRQ), a leading provider of offshore drilling and production equipment, recently released its financial results for the July to September 30, 2023 period. Despite a notable increase in revenue, the company slipped into a deficit during this timeframe, raising concerns among investors and stakeholders. Additionally, the rise in inventories and accounts receivable indicate potential challenges and changing market dynamics. This article aims to outline the key facts of DRQ's financial performance and provide an analysis of its recent stock performance in order to contextualize the company's current situation.
1. Q3 Performance Highlights:
- DRQ reported a per-share deficit of $-0.21 in the July to September 30, 2023 period, compared to earnings of $0.10 per share in the previous financial reporting period. This represents a significant decline.
- Revenue surged by 33.019% to reach $117.24 million compared to $89.61 million in the same reporting period a year earlier.
- The net deficit for the recent fiscal period amounted to $-7.034 million, in stark contrast to the bottom line of $15.210 million of profit recorded during the same period last year.

Dril Quip Inc

Dril Quip Inc Reports Positive Earnings Despite a Slight 4.65% Decline in Revenue in Q3 2023



Dril Quip Inc, a prominent player in the oil and gas industry, has recently released its third-quarter financial report for 2023. The report highlights several significant facts, including positive income, increased earnings per share (EPS), and improved profit margins. Let's delve deeper into the key takeaways from the report and analyze Dril Quip's potential for future growth.
Positive Income Growth:
Dril Quip Inc witnessed a remarkable turnaround in profitability, with its income turning positive at $0.10 per share, compared to a loss of $0.16 per share in the same period last year. This impressive improvement of 42.86% in EPS from the previous financial reporting period indicates the company's ability to generate consistent and sustainable earnings.

Dril Quip Inc

Dril Quip Inc Soars to New Heights: Revenue Skyrockets in Q1 2023

Dril Quip Inc: Turning Things Around in the Offshore Oil and Gas Industry
Dril Quip Inc is a leading provider of highly engineered offshore drilling and production equipment for the oil and gas industry. Based in Houston, Texas, the company designs, manufactures, and services a wide range of products used in critical offshore applications, such as drilling systems, subsea systems, wellheads, and specialty products. With over 40 years of experience in the industry, Dril Quip has built a reputation for innovation, quality, and reliability, serving customers around the world.
After a challenging period in the offshore oil and gas industry due to the COVID-19 pandemic and the volatility of oil prices, Dril Quip has recently reported a turnaround in its financial performance. According to its latest financial report for the period closing March 31 2023, the company has achieved positive results across several key metrics, signaling a positive outlook for the future.






 

Dril Quip Inc's Segments
 
 
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