Dril-Quip (DRQ)

Dril-Quip is a leading manufacturer of highly engineered drilling and production equipment for use onshore and offshore, which is particularly well suited for use in deep water, harsh environments, and severe service applications.

Company profile

Ticker

DRQ

Exchange

NYSE

Website

www.dril-quip.com

CEO

Blake DeBerry

Incorporated

Delaware

Location

Texas

Fiscal year end

Dec 31

Sector

Manufacturing > Oil and Gas Field Machinery and Equipment Manufacturing

Industry (SIC)

Oil & Gas Field Machinery & Equipment

NOV • BAKER HUGHES a GE • Weatherford International • Baker Hughes • NOW • Forum Energy • Newpark Resources • Oil States International • Cactus • Solaris Oilfield Infrastructure ...

SEC CIK

0001042893

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Dril-Quip Holdings • Dril-Quip do Brasil Ltda. • TIW Canada • Dril-Quip Oilfield Services (Tianjin) Co., Ltd. • Dril-Quip AP Holdings LLC • Dril-Quip UK Holdings LLC • Dril-Quip Holdings LLC • Dril-Quip International LLC • Dril-Quip Dutch Holdings LLC • Dril-Quip Foreign Interest LLC ...

IRS number

742162088

DRQ stock data

1M 1Y 5Y

News

From Benzinga Pro

Dril-Quip's Return on Invested Capital Insights

4 May 22

According to data from Benzinga Pro, during Q1, Dril-Quip's (NYSE:DRQ) reported sales totaled $83.14 million. Despite a 85.91% increase in earnings, the company posted a loss of $8.94 million.

UPDATE: Dril-Quip Q1 Adj. EPS $(0.29) Misses $(0.18) Estimate, Sales $83.14M Miss $85.36M Estimate

28 Apr 22

Dril-Quip (NYSE:DRQ) reported quarterly losses of $(0.29) per share which missed the analyst consensus estimate of $(0.18) by 61.11 percent. This is a 38.3 percent increase over losses of $(0.47) per share from the same

Dril-Quip Q1 EPS $(0.26) Misses $(0.18) Estimate, Sales $83.10M Miss $85.36M Estimate

28 Apr 22

Dril-Quip (NYSE:DRQ) reported quarterly losses of $(0.26) per share which missed the analyst consensus estimate of $(0.18) by 44.44 percent. This is a 44.68 percent increase over losses of $(0.47) per share from the same

Earnings Scheduled For April 28, 2022

28 Apr 22

Press releases

From Benzinga Pro

Harris Auctions Holding Live Webcast Auction of Dril-Quip Forge

21 Jun 22

HOUSTON, June 21, 2022 /PRNewswire/ -- With the recent closure of Dril-Quip, Inc.'s Forging, conventional machining and metallurgical lab, all of the related equipment will be sold at auction on Tuesday, June 28,

Dril-Quip Announces Decarbonization Targets

6 Jun 22

HOUSTON, June 06, 2022 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE:DRQ) (the "Company" or "Dril-Quip") has set its decarbonization targets to align with a 1.5°C global warming pathway and the ambitions of the Paris

Dril-Quip, Inc. Announces First Quarter 2022 Results

28 Apr 22

HOUSTON, April 28, 2022 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE:DRQ), (the "Company" or "Dril-Quip") today reported operational and financial results for the first quarter of 2022. Results for the first quarter of

Dril-Quip, Inc. Schedules First Quarter 2022 Earnings Release and Upcoming Webcast

21 Apr 22

Calendar

28 Apr 22

26 Jun 22

31 Dec 22

Financial summary

Financial statements Chart DRQ financial data

Quarter (USD)	Mar 22	Dec 21	Sep 21	Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	338.01M	338.01M	338.01M	338.01M	338.01M	338.01M
Cash burn (monthly)	5.81M	2.02M	1.86M	8.24M	3.64M	(no burn)
Cash used (since last report)	16.71M	5.8M	5.36M	23.67M	10.47M	n/a
Cash remaining	321.3M	332.21M	332.65M	314.33M	327.54M	n/a
Runway (months of cash)	55.3	164.7	178.5	38.2	89.9	n/a

Beta Read what these cash burn values mean

Financial data from Dril-Quip earnings reports.

Recent insider trades

DRQ insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
17 May 22	Donald M Underwood	Common Stock	Payment of exercise	Dispose F	No	No	30.45	71	2.16K	11,595
1 Apr 22	Jupp Terence Bartlett	Common Stock	Grant	Acquire A	No	No	0	753	0	45,139
1 Apr 22	Lovoi John	Common Stock	Grant	Acquire A	No	No	0	773	0	63,904
1 Apr 22	Newman Steven L	Common Stock	Grant	Acquire A	No	No	0	627	0	40,567
1 Apr 22	Schwetz Amy B	Common Stock	Grant	Acquire A	No	No	0	627	0	21,765

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

DRQ institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	173	173	–
Opened positions	40	38	+5.3%
Closed positions	40	22	+81.8%
Increased positions	50	59	-15.3%
Reduced positions	63	51	+23.5%

13F shares	Current	Prev Q	Change
Total value	1.33B	1.58B	-16.1%
Total shares	35.58M	35.26M	+0.9%
Total puts	211.3K	249.1K	-15.2%
Total calls	151.2K	40.5K	+273.3%
Total put/call ratio	1.4	6.2	-77.3%

Largest owners	Shares	Value	Change
BLK Blackrock	5.85M	$218.33M	-1.8%
Kayne Anderson Rudnick Investment Management	3.79M	$141.61M	-1.4%
Vanguard	3.76M	$140.57M	-2.9%
Van Eck Associates	1.7M	$63.47M	+26.0%
Fred Alger Management	1.66M	$61.95M	NEW
STT State Street	1.63M	$60.78M	+16.9%
Dimensional Fund Advisors	1.61M	$59.99M	+1.5%
GBL Gamco Investors	1.52M	$56.68M	+29.4%
Brandes Investment Partners	1.21M	$45.36M	-24.7%
William Blair Investment Management	1.15M	$42.9M	+20.2%

Largest transactions	Shares	Bought/sold	Change
Fred Alger Management	1.66M	+1.66M	NEW
Brandes Investment Partners	1.21M	-398.75K	-24.7%
Van Eck Associates	1.7M	+350.32K	+26.0%
GBL Gamco Investors	1.52M	+344.94K	+29.4%
Norges Bank	0	-273.67K	EXIT
Marshall Wace	0	-257.44K	EXIT
STT State Street	1.63M	+235.18K	+16.9%
Two Sigma Investments	19.08K	-209.73K	-91.7%
William Blair Investment Management	1.15M	+193.35K	+20.2%
D. E. Shaw & Co.	32K	-175.51K	-84.6%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Schlumberger • BAKER HUGHES a GE • TechnipFMC • Baker Hughes

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

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From filing 10-Q 2022 Q1

Financial reports

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