Wednesday, November 27, 2024

Core Labs Plans Industry Project Evaluating SCOOP/STACK

Core Laboratories (NYSE: CLB) announced its Q2 earnings, which saw an 11% YOY increase in revenue and 22% YOY increase in operating income bringing earnings per diluted share to $0.57. Core Labs saw operating margins up 190 basis points YOY to 19.4%, ex-items, which was attributed to higher-technology services and products being requested by Core’s technologically sophisticated client base and

EQT Corporation Streamlines Midstream Through Q2

EQT Corporation (NYSE: EQT) announced its Q2 earnings, which was highlighted by a massive jump in both net cash provided by operating activities and in adjusted operating cash flow. EQT also recapped major sales of assets made in Q2, along with plans for further stock buyback initiatives. Highlights: Increase of 116% in net cash provided by operating activities Increase of

Calfrac Activated 17th Frac Fleet, but Eying Permian Differentials

Calfrac Well Services Ltd. (TSX-CFW) has announced record 2Q revenue and operating income results today, showing $544.6 million and $66.5 million, respectively. 2Q Highlights Revenue: $544 million (67% YOY increase) Operating Income: $66 million (81% YOY increase) 560,000 tons of sand pumped in the US (56% YOY increase) 227,000 tons of sand pumped in Canada (6% YOY increase) Calfrac’s Canadian