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Forum Energy Technologies Inc.  (FET)
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Forum Energy Technologies's Customers Performance

FET

 
FET's Source of Revenues Forum Energy Technologies's Customers have recorded a growth in their cost of revenue by 82.51 % in the 2 quarter 2022 year on year, sequentially costs of revenue grew by 21.34 %, for the same period Forum Energy Technologies Inc. recorded revenue increase by 25.34 % year on year, sequentially revenue grew by 11 %.

List of FET Customers




Forum Energy Technologies's Customers have recorded a growth in their cost of revenue by 82.51 % in the 2 quarter 2022 year on year, sequentially costs of revenue grew by 21.34 %, for the same period Forum Energy Technologies Inc. recorded revenue increase by 25.34 % year on year, sequentially revenue grew by 11 %.

List of FET Customers


   
Customers Net Income grew in Q2 by Customers Net margin grew to
638.37 % 22.75 %



Forum Energy Technologies's Customers, Q2 2022 Revenue Growth By Industry
Customers in Miscellaneous Fabricated Products Industry      25.71 %
Customers in Construction Services Industry      5.21 %
Customers in Legacy Industry      319.44 %
Customers in Oil And Gas Production Industry      116.68 %
Customers in Oil & Gas Integrated Operations Industry      79.89 %
Customers in Oil Well Services & Equipment Industry      32.99 %
Customers in Property & Casualty Insurance Industry -15.36 %   
Customers in Investment Services Industry      82.55 %
Customers in Real Estate Investment Trusts Industry      5.89 %
Customers in Blank Checks Industry    
Customers in Professional Services Industry      12.49 %
Customers in Rental & Leasing Industry      51.35 %
Customers in Semiconductors Industry      432.38 %
Customers in Marine Transportation Industry      44.14 %
Customers in Natural Gas Utilities Industry      9.07 %
     
• Customers Valuation • Segment Rev. Growth • Segment Inc. Growth • Customers Mgmt. Effect.


Forum Energy Technologies's Comment on Sales, Marketing and Customers



We manufacture pressure control products that are used for well intervention operations and are sold directly to oilfield service companies and equipment rental companies. These products include both coiled tubing and wireline blowout preventers and their accessories. We also conduct aftermarket refurbishment and recertification services for pressure control equipment. In addition to blowout preventers for wireline units, we manufacture electro-mechanical wireline cables.
Our primary customers in the Stimulation and Intervention product line are pressure pumping and flowback service companies, although we also generate sales to original equipment manufacturers of pressure pumping units.
Global Tubing, LLC ("Global Tubing"), a joint venture among us and an equal partner (with Global Tubing's management retaining a small interest) is a manufacturer of coiled tubing strings and related services. Global Tubing® coiled tubing strings are consumable components of coiled tubing units that perform well completion and intervention activities. Our investment in Global Tubing is reported in the Completions segment using the equity method of accounting.

Subsea products. In addition to subsea vehicles, we are a leading manufacturer of subsea products and components. We design and manufacture a group of products that are used in and around the ROV. For example, we manufacture Dynacon™ branded ROV launch and recovery systems, Syntech™ branded syntactic foam buoyancy components, Sub-Atlantic branded ROV thrusters, and a wide range of hydraulic power units and valve packs. We design and manufacture these ROV components for incorporation into our own vehicles as well as for sale to other ROV manufacturers. We also provide a broad suite of subsea tooling, both industry standard and custom designed.
In addition to vehicle-related subsea products, we provide products used in subsea infrastructure, including subsea pipeline inspection gauge launching and receiving systems, and subsea connectors. Our primary customers in this product line are offshore pipeline construction companies.
Subsea technical services and rental. We maintain a fleet of subsea rental items, primarily subsea positioning equipment. Our customers for rental items are primarily subsea construction and offshore service companies. In addition, we offer a system that offers a complete solution for digital video capture, playback, processing and reporting of subsea inspection survey data. We also maintain a geophysical and geotechnical engineering group that provides consulting services to the oil and natural gas, and marine industries, typically to interpret and analyze third party subsea data provided by clients.

Depending on the product, we manufacture our valves to conform to the standards of one or more of the API, American National Standards Institute, American Bureau of Shipping, and International Organization for Standardization and/or other relevant standards governing the design and manufacture of industrial valves. Through our Valve Solutions product line, we participate in the API's standard-setting process.


Forum Energy Technologies's Comment on Sales, Marketing and Customers


We manufacture pressure control products that are used for well intervention operations and are sold directly to oilfield service companies and equipment rental companies. These products include both coiled tubing and wireline blowout preventers and their accessories. We also conduct aftermarket refurbishment and recertification services for pressure control equipment. In addition to blowout preventers for wireline units, we manufacture electro-mechanical wireline cables.
Our primary customers in the Stimulation and Intervention product line are pressure pumping and flowback service companies, although we also generate sales to original equipment manufacturers of pressure pumping units.
Global Tubing, LLC ("Global Tubing"), a joint venture among us and an equal partner (with Global Tubing's management retaining a small interest) is a manufacturer of coiled tubing strings and related services. Global Tubing® coiled tubing strings are consumable components of coiled tubing units that perform well completion and intervention activities. Our investment in Global Tubing is reported in the Completions segment using the equity method of accounting.

Subsea products. In addition to subsea vehicles, we are a leading manufacturer of subsea products and components. We design and manufacture a group of products that are used in and around the ROV. For example, we manufacture Dynacon™ branded ROV launch and recovery systems, Syntech™ branded syntactic foam buoyancy components, Sub-Atlantic branded ROV thrusters, and a wide range of hydraulic power units and valve packs. We design and manufacture these ROV components for incorporation into our own vehicles as well as for sale to other ROV manufacturers. We also provide a broad suite of subsea tooling, both industry standard and custom designed.
In addition to vehicle-related subsea products, we provide products used in subsea infrastructure, including subsea pipeline inspection gauge launching and receiving systems, and subsea connectors. Our primary customers in this product line are offshore pipeline construction companies.
Subsea technical services and rental. We maintain a fleet of subsea rental items, primarily subsea positioning equipment. Our customers for rental items are primarily subsea construction and offshore service companies. In addition, we offer a system that offers a complete solution for digital video capture, playback, processing and reporting of subsea inspection survey data. We also maintain a geophysical and geotechnical engineering group that provides consulting services to the oil and natural gas, and marine industries, typically to interpret and analyze third party subsea data provided by clients.

Depending on the product, we manufacture our valves to conform to the standards of one or more of the API, American National Standards Institute, American Bureau of Shipping, and International Organization for Standardization and/or other relevant standards governing the design and manufacture of industrial valves. Through our Valve Solutions product line, we participate in the API's standard-setting process.








FET's vs. Customers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Forum Energy Technologies Inc. 222.30 605.82 -33.33 2,050
American Energy Group Ltd 0.29 0.00 -0.99 2
Atlas Growth Partners L p 0.00 3.52 -1.87 389
Altex Industries Inc 1.08 0.06 0.39 1
Amazing Energy Oil and Gas Co 0.01 0.82 -9.61 6
Apache Corporation 0.00 4,308.00 1,416.00 3,163
Anadarko Petroleum Corp 35,730.07 13,706.00 -288.00 6,100
Alpha Energy Inc 135.76 0.00 -1.34 0
Antero Resources Corporation 10,401.50 5,914.39 1,028.78 528
Arete Industries Inc 0.01 1.04 -3.75 1
Approach Resources Inc 2.20 71.75 -48.71 100
Atwood Oceanics Inc 606.04 1,866.15 161.45 938
Abraxas Petroleum Corp 7.75 70.47 40.01 109
Battalion Oil Corp 204.56 331.20 18.11 0
Breitburn Energy Partners L.p. 0.00 634.66 -43.67 671
Bill Barrett Corporation 231.13 567.03 -126.09 111
Petrolia Energy Corporation 0.53 3.79 -6.86 7
Bakken Resources Inc 8.00 1.57 -0.81 1
Broadridge Financial Solutions Inc. 17,643.38 5,709.10 1,211.30 12,000
Barnwell Industries inc. 27.88 24.78 8.03 29
Breezer Ventures Inc. 1.96 0.00 -0.05 1
Black Stone Minerals L.p. 3,641.46 456.05 275.16 7
Csi Compressco Lp 1.28 333.24 -37.12 635
Centennial Resource Development Inc. 2,436.19 1,424.86 405.50 57
Camber Energy Inc. 82.99 6.78 -30.96 0
Chaparral Energy Inc 18.01 183.35 -753.99 0
Chesapeake Energy Corporation 11,742.75 6,477.00 -525.00 0
Chord Energy Corporation 3,020.67 2,273.76 1,022.40 0
Cobalt International Energy, Inc. 154.60 44.18 -589.02 111
Calumet Specialty Products Partners L.p. 1,056.34 4,262.60 373.80 2,000
Citadel Exploration, Inc. 1.40 0.51 -3.48 3
Conocophillips 142,503.96 66,502.00 31,463.00 10,075
Callon Petroleum Co 2,350.68 2,935.59 845.00 121
Carbon Energy Corp 18.27 93.58 -36.49 55
California Resources Corp 3,191.40 2,122.00 836.00 0
Comstock Resources Inc. 5,016.48 2,637.65 320.06 117
Carrizo Oil and Gas Inc 725.84 1,074.70 600.47 227
Coterra Energy Inc. 22,106.88 6,915.65 2,838.18 0
Chevron Corp 296,952.15 215,974.00 29,189.00 48,200
Concho Resources Inc 12,908.39 3,476.00 1,202.00 1,085
Daybreak Oil And Gas Inc. 4.29 0.78 -1.44 6
Denbury Inc. 4,922.73 1,599.65 357.96 0
Discovery Energy Corp 15.44 0.00 -4.14 1
Dorchester Minerals L.p. 1,002.34 142.13 109.81 24
Diamond Offshore Drilling Inc. 740.80 792.61 -804.69 0
Deep Down Inc. 6.39 16.67 1.88 59
Devon Energy Corp 43,077.67 17,465.00 5,289.00 1,800
Encana Corp 5,233.99 6,933.00 1,160.00 2,200
Energen Corp 7,054.63 1,076.30 392.34 390
Vaalco Energy Inc 281.96 291.92 93.35 104
Eog Resources Inc. 70,518.84 22,199.00 5,708.00 2,900
Empire Petroleum Corporation 312.15 1,317.49 96.54 0
Ep Energy Llc 40.16 820.00 -1,886.00 502
Evolution Petroleum Corp 246.75 108.93 32.63 5
Eqt Corporation 17,004.90 4,323.25 -797.32 1,750
Erin Energy Corp. 350.60 93.67 -189.74 74
Earthstone Energy Inc. 1,389.70 923.10 254.04 48
Harvest Oil and Gas Corp 0.00 113.82 -138.32 7
Enxnet Inc 0.09 0.00 0.00 1
Exterran Corporation 145.38 760.90 -84.93 0
Energy Xxi Gulf Coast, Inc. 129.19 481.83 -308.75 237
Diamondback Energy Inc. 22,908.98 9,108.00 3,989.00 712
Fieldpoint Petroleum Corp 2.13 2.14 -3.32 3
Freedom Holding Corp. 3,071.19 -17,287.89 474.97 0
Fortem Resources Inc 20.24 0.00 -67.96 2
New Concept Energy Inc. 5.85 0.66 0.09 41
Goodrich Petroleum Corp 314.02 157.61 -56.57 43
Gulfport Energy Corp 1,946.36 590.40 -1,347.83 0
Gulfslope Energy Inc. 0.00 0.00 -5.13 7
Gastar Exploration Inc. 11.75 78.83 -53.22 45
Gran Tierra Energy Inc. 464.05 612.30 84.47 387
Chart Industries Inc. 8,009.03 1,466.10 51.70 4,050
Halliburton Company 23,979.42 17,495.00 1,448.00 42,500
Hyperdynamics Corp 0.75 0.00 -20.01 16
Hess Corporation 36,313.12 9,425.00 1,800.00 1,775
Helmerich and Payne inc. 4,122.10 1,771.42 -117.75 10,352
Houston American Energy Corp. 39.44 1.58 -0.87 3
American Noble Gas Inc. 2.86 0.13 -2.27 2
Imperial Oil Limited 30,613.55 40,244.11 4,062.10 5,600
Isramco Inc 330.60 83.49 12.78 170
Jones Energy, Inc. 12.75 204.83 -204.23 90
Kbr Inc. 7,066.80 7,672.00 151.00 25,000
Kosmos Energy Ltd. 2,654.10 2,050.88 188.69 270
Loews Corp 12,670.83 14,360.00 1,820.00 12,200
Layne Christensen Co 326.06 478.56 -1.71 3,380
Legacy Reserves Lp 3.03 611.71 -5.89 328
Lilis Energy Inc 1.31 33.43 -261.14 0
Lonestar Resources Us Inc 161.49 226.77 24.23 0
Laredo Petroleum inc. 1,153.71 1,942.03 528.87 324
Laredo Oil Inc. 15.92 1.17 -0.90 70
Matson inc. 2,610.11 4,765.20 1,397.60 1,056
Mid con Energy Partners Lp 79.00 58.30 -20.44 1
Contango Oil and Gas Co 639.88 204.10 -68.99 67
Meta Materials Inc. 191.84 9.75 -123.18 0
Marathon Oil Corporation 17,603.85 7,309.00 3,103.00 2,000
Matador Resources Company 6,453.18 2,548.33 1,109.69 165
Murphy Oil Corporation 6,156.49 3,023.67 685.33 1,712
Mexco Energy Corporation 36.81 6.59 2.86 3
Noble Energy Inc 4,052.34 3,884.00 -5,546.00 2,527
Nabors Industries Ltd. 1,019.71 2,267.19 -469.59 0
New Century Resources Corp 0.00 0.00 0.00 1
Noble Corporation 2,473.76 926.51 -2,864.51 0
Newfield Exploration Co 3,431.07 2,479.00 524.00 1,331
Natural Gas Services Group Inc. 128.34 76.54 -6.60 235
Northern Minerals and Exploration Ltd. 8.81 0.00 -0.26 1
Northern Oil And Gas Inc. 2,564.60 859.21 231.99 19
Nov Inc. 6,739.95 6,133.00 -87.00 29,593
Oil States International Inc 254.96 647.73 -47.48 2,821
Oneok Inc. 24,000.15 21,398.00 1,576.94 2,882
Viva Entertainment Group Inc. 0.17 0.00 -1.64 4
Occidental Petroleum Corporation 69,321.41 33,730.00 11,196.00 14,400
Par Pacific Holdings Inc. 1,026.44 6,060.51 101.96 863
Pdc Energy Inc. 6,042.13 2,795.94 1,248.81 395
Parsley Energy Inc 6,402.25 1,754.85 -4,137.03 298
Pedevco Corp. 91.46 25.23 2.75 6
PEOPLES ENERGY CORPORATION 0.00 0.00 0.00 0
Phx Minerals Inc. 117.80 40.02 7.49 21
Trillion Energy International Inc 28.94 3.70 -2.05 1
Primeenergy Resources Corporation 224.03 112.89 28.12 155
Petroquest Energy Inc 5.44 79.50 -8.98 64
Petroshare Corp. 1.77 24.63 -19.79 7
Pioneer Natural Resources Co 58,785.76 20,974.00 5,805.00 2,323
Qep Resources Inc 990.22 734.20 3.20 765
Rowan Companies Plc 1,379.14 1,119.70 -49.90 4,051
Ring Energy inc. 339.49 262.19 87.33 30
Resolute Energy Corp 681.19 596.54 -15.56 206
Riley Exploration Permian Inc. 405.19 283.74 61.31 0
Rex Energy Corp 2.56 218.22 -136.72 104
Rice Acquisition Corp 433.46 1,441.44 110.65 467
Transocean ltd 1,847.64 2,525.00 -633.00 0
Rignet Inc 185.51 207.92 -45.53 503
Rose Hill Acquisition Corporation 145.91 277.44 19.41 4
Royale Energy Inc. 0.00 1.90 -3.73 11
Range Resources Corporation 6,549.44 3,602.04 1,244.35 990
Rsp Permian, Inc. 7,571.92 910.10 282.78 115
Reserve Petroleum Co 34.05 14.30 2.86 8
Silverbow Resources Inc. 517.87 562.86 196.02 0
Sandridge Energy Inc. 645.90 228.31 180.58 509
Stone Energy Corp 709.73 378.09 -383.49 241
Sm Energy Co 5,147.80 3,467.08 882.74 607
Sanchez Energy Corp 35.16 837.66 -62.97 235
Spindletop Oil and Gas Co. 23.37 8.79 2.55 23
Src Energy Inc 976.52 703.38 248.82 0
Samson Oil and Gas Ltd 255.26 15.62 -1.00 12
Sitio Royalties Corp. 1,924.15 716.00 116.71 1,745
Southwestern Energy Company 7,324.50 11,626.00 -998.00 2,781
Transatlantic Petroleum Ltd 16.55 39.96 -37.18 169
Tiger Oil & Energy, Inc. 0.06 0.02 -1.21 2
Trecora Resources 231.52 301.32 8.99 310
Ageagle Aerial Systems Inc 0.00 9.76 -30.11 0
Uniti Group Inc. 1,925.00 1,121.77 186.24 0
Ultra Petroleum Corp 26.90 527.00 -253.22 166
Us Energy Corp 75.54 26.14 -4.66 2
Vantage Drilling International 0.00 234.22 -11.13 930
Premier Product Group Inc 0.00 0.00 -0.10 2
Viper Energy Partners Lp 2,317.98 735.02 490.10 1
Grizzly Energy, Llc 0.00 408.11 -407.84 357
Victory Oilfield Tech Inc. 15.98 1.34 0.00 2
Whiting Petroleum Corp 2,667.05 1,752.95 391.42 850
Williams companies inc. 35,983.88 11,096.00 1,603.00 4,812
Wpx Energy Inc 5,290.23 2,347.00 -1,071.00 650
Wildhorse Resource Development Corporation 1,684.19 591.65 -86.15 85
W and t Offshore inc. 932.19 764.35 131.92 302
West Texas Resources, Inc. 1.55 0.01 -0.48 1
Exco Resources Inc 15.33 297.58 -194.88 183
Cimarex Energy Co 8,988.58 2,228.23 -26.56 925
Extraction Oil and Gas Inc 1,811.44 718.40 248.91 161
Exxon Mobil Corporation 389,732.07 364,932.00 40,345.00 74,900
XTO Energy Inc. 0.00 0.00 0.00 0
Yuma Energy, Inc. 2.41 11.34 -27.90 30
SUBTOTAL 1,591,968.19 1,042,278.16 148,494.70 365,526
       
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