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Our Company We are a leading integrated energy service company, located in Midland, Texas, focused on providing innovative hydraulic fracturing, wireline, and other complementary energy and power generation services to leading upstream oil and gas companies engaged in the E&P of North American oil and natural gas resources. Our operations are primarily focused in the Permian Basin, where we hav…
Operating margin is thin at 0.50%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 12.1% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 60% versus the prior year, cash generation momentum has weakened.
Profitability & Returns
Revenue (TTM)
$1.18B
▼ -12.1% YoY
Net Income (TTM)
-$12M
▲ +100.6% YoY
Op. Margin
-0.95%
▲ +12.1pp YoY
ROIC
-0.83%
▲ +12.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$9M
▼ -59.6% YoY
Op. Cash Flow (TTM)
$180M
▼ -8.2% YoY
Net Debt
$30M
Cash & Equiv.
$157M
5Y CAGR: +10.0%
5Y CAGR: +3.3%
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