Oilfield Services Stocks Surge on Strong Earnings
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Oilfield services companies ended Q4 with robust earnings, beating analyst estimates by 3.7% on average. Revenues surged 5.3% since reports, despite oil price fluctuations and producer caution. Halliburton led with a 5.66 billion revenue beat, sending shares up 19.2%. ProPetro and Select Water Solutions also soared, while World Kinect plummeted after missing revenue. Investors eye commodity prices for the next cycle, with Select hitting recycling milestones in U.S. basins like the Permian.
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