Dril-Quip

Dril-Quip, Inc. designs, manufactures, sells and services engineered offshore drilling and production equipment. It operates through the following geographical segments: Western Hemisphere, Eastern Hemisphere, and Asia-Pacific. Its products include specialty casing connectors, mudline suspension equipment, downhole tools, capital drilling equipment, control systems, and dry tree systems. The company was founded by Larry E. Reimert, Gary W. Loveless, Gary D. Smith and J. Mike Walker in 1981 and is headquartered in Houston, TX.

Earnings data Q4 2020

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Dril-Quip reports robust Q4 revenue growth and eyes market expansion

Dril-Quip's Q4 2022 earnings call highlighted strong revenue growth, improved margins, and a focus on operational efficiency. While facing challenges in free cash flow, the company is poised to capitalize on growth opportunities in key markets for long-term success.

Dril-Quip reports solid Q1 growth, eyes market expansion opportunities

Dril-Quip's Q1 performance reflects revenue growth and operational initiatives driving efficiency. While facing challenges with free cash flow and customer responsiveness, the company remains optimistic about future opportunities and growth potential. Maintaining a disciplined approach to capital allocation positions Dril-Quip for long-term success.

Dril-Quip reports robust Q2 performance and expands market presence

Dril-Quip's Q2 2023 performance reflects operational strength and strategic focus, with notable achievements in key projects and financial improvements.
The Great North acquisition bolsters the company's market position and offers synergistic benefits, while maintaining a solid financial foundation.
Despite segment challenges, Dril-Quip's diversified operations and debt-free status provide resilience and opportunities for growth amidst market uncertainties.

Dril-Quip reports robust Q3 earnings, eyes growth through strategic initiatives

Despite facing challenges in the service segment, Dril-Quip's strong revenue growth and strategic initiatives position it for future success. The acquisition of Great North and focus on synergies offer promising prospects for enhanced profitability. With a positive outlook for 2024, the company aims to capitalize on market opportunities and drive growth.

Dril-Quip reports stellar Q4 results, eyes growth amid industry optimism

Dril-Quip's Q4 2023 performance reflects robust revenue growth, improved EBITDA, and strategic initiatives driving operational efficiency and financial strength.
Despite potential challenges from market dynamics and operational complexities, the company's positive outlook, strong financial metrics, and market positioning offer a foundation for continued success.
With a focus on growth opportunities, market expansion, and operational resilience, Dril-Quip is poised to capitalize on industry trends, drive innovation, and deliver value to stakeholders.

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Innovex International, Inc. engages in the provision of solutions for both onshore and offshore applications within the oil and gas industry. The company was founded on September 15, 2016 and is headquartered in Humble, TX.

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Oilfield Suppliers With The Best Chance Of Prospering

Dril-Quip (DRQ) can offer subsea trees, while Proserv can provide subsea controls to clients through the joint marketing system.

Dril-Quip & Proserv to Boost Subsea Control System Offerings

HOUSTON and ABERDEEN, Scotland, June  24, 2020  (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ) (the “Company” or “Dril-Quip”) and Proserv Group (“Proserv”) today announced an agreement pursuant to which Dril-Quip will rely upon Proserv for the development and manufacturing of its subsea control systems as a supplier. The mutually beneficial arrangement allows Dril-Quip to continue to support its existing subsea controls customers with the support of Proserv. The arrangement follows Dril-Quip’s strategic decision to consolidate the supply and development of control systems with a dedicated subsea controls provider.

Dril-Quip and Proserv Group Announce Strategic Agreement

Dril-Quip (DRQ) reported earnings 30 days ago. What's next for the stock?

Why Is Dril-Quip (DRQ) Up 26.2% Since Last Earnings Report?

HOUSTON, May  15, 2020  (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ) today announced the promotions of Jeffrey J. Bird to President and Chief Operating Officer and Raj Kumar to Vice President and Chief Financial Officer, effective as of May 14, 2020. These new roles will complement the leadership of Blake DeBerry as Chief Executive Officer.

Dril-Quip Announces Management Promotions

Dril-Quip's (DRQ) first-quarter results are affected by a decline in activity and product deliveries, caused by inefficiencies and scheduling delays stemming from the coronavirus pandemic.

Dril-Quip (DRQ) Down 8.3% After Q1 Earnings Miss: Here's Why

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Dril-Quip, Inc. (DRQ) CEO Presents At Evercore ISI 2020 Webinar - Earnings Call Transcript

HOUSTON, May  05, 2020  (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ) announced that it was presented with a Spotlight on New Technology Award by the 2020 Offshore Technology Conference (OTC) yesterday for its VXTe™ Vertical Subsea Tree System. The VXTe™ system eliminates the need for a tubing head spool and the requirement for orientations of the tubing hanger, saving time and equipment cost. Key aspects of the VXTe™ are a self-orienting stab sub, automatic space out of the tubing hanger and an isolated annulus flow with the annulus gate valve packaged inside the tubing hanger. This technology allows operators to run tubing hangers similarly to casing hangers, without the need for time-consuming orientation.

Dril-Quip, Inc. Wins Spotlight on New Technology Award For VXTe™ Vertical Subsea Tree System

Dril-Quip (DRQ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Dril-Quip (DRQ) Reports Next Week: What You Should Expect

Dril-Quip (DRQ) to Report Q1 Results: Wall Street Expects Earnings Growth

HOUSTON, March  31, 2020  (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ), (the “Company” or “Dril-Quip”) said today that it will be hosting a fireside chat call with J. David Anderson of Barclays on Thursday, April 2, 2020 at 2:00 pm EST (1:00 p.m. CST). Blake DeBerry, Dril-Quip’s President and Chief Executive Officer, and Jeff Bird, Dril-Quip’s Senior Vice President Production Operations and Chief Financial Officer, will be discussing multiple topics about the Company’s current operational outlook with Mr. Anderson. There will be no questions and answers from other participants during the call, but all stakeholders are welcome to join the call or listen by live webcast.

Dril-Quip, Inc. Announces Fireside Chat Call

Dril-Quip (DRQ) Down 15.7% Since Last Earnings Report: Can It Rebound?

HOUSTON, March  18, 2020  (GLOBE NEWSWIRE) -- Dril-Quip Inc. (NYSE: DRQ), (the “Company” or “Dril-Quip”) said today that it was withdrawing its first quarter 2020 guidance provided in its year-end 2019 earnings release and conference call in late February.  This is in response to the current market uncertainty caused by COVID-19 disruptions, as well as the supply and demand pressures impacting the oil and gas industry.

Dril-Quip, Inc. Discusses Operational Outlook

Dril-Quip's (DRQ) fourth-quarter results are supported by its realigned sales organization and decline in operating expenses.

Dril-Quip (DRQ) Q4 Earnings and Revenues Beat Estimates

Dril-Quip, Inc. (DRQ) CEO Blake DeBerry on Q4 2019 Results - Earnings Call Transcript

Dril-Quip (DRQ) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Dril-Quip (DRQ) Might Surprise This Earnings Season

Dril-Quip (DRQ) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Dril-Quip (DRQ) Reports Next Week: Wall Street Expects Earnings Growth

Dril-Quip's (DRQ) third-quarter 2019 results are affected by higher cost of sales, partially offset by relative stabilization of commodity prices and other positives.

Dril-Quip (DRQ) Q3 Earnings Miss, Revenues Beat Estimates

Houston, Oct.  24, 2019  (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ) today reported operational and financial results for the third quarter 2019.

Dril-Quip, Inc. Announces Third Quarter 2019 Results

Dril-Quip (DRQ) to Report Q3 Results: Wall Street Expects Earnings Growth

As of late, it has definitely been a great time to be an investor Dril-Quip.

Will Dril-Quip Continue to Surge Higher?

Dril-Quip (DRQ) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Rising for Dril-Quip (DRQ): Will It Gain?

Does Dril-Quip (DRQ) have what it takes to be a top stock pick for momentum investors? Let's find out.

Dril-Quip (DRQ) is a Great Momentum Stock: Should You Buy?

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Tullow Oil's (TUWOY) Joe-1 oil discovery follows its massive and significant oil discovery in August at its Jethro-1 exploration well in Guyana.

Tullow Finds Oil for the 2nd Time in Orinduik Block, Guyana

HOUSTON, Sept.  16, 2019  (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ) today announced that the contract award between its subsidiary Dril-Quip Asia Pacific Pte Ltd. and Repsol for the supply of drilling Top Tensioned Riser (TTR) systems for the Ca Rong Do (CRD) project located offshore Vietnam has been terminated.  The contract was awarded in February 2018 and was last extended until December 31, 2019 but had been subject to continued delays of the CRD project.  With this termination, the CRD contract value of approximately $82 million will be removed from the Company’s backlog.    

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