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ChampionX Q2 2024 Earnings Report

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$25.79 -0.14 (-0.54%)
(As of 12/20/2024 05:16 PM ET)

ChampionX EPS Results

Actual EPS
$0.37
Consensus EPS
$0.48
Beat/Miss
Missed by -$0.11
One Year Ago EPS
$0.48

ChampionX Revenue Results

Actual Revenue
$893.30 million
Expected Revenue
$954.91 million
Beat/Miss
Missed by -$61.61 million
YoY Revenue Growth
-3.60%

ChampionX Announcement Details

Quarter
Q2 2024
Time
After Market Closes
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ChampionX Earnings Headlines

ChampionX price target lowered to $40 from $45 at Citi
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ChampionX Declares Quarterly Dividend
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About ChampionX

ChampionX (NASDAQ:CHX) provides chemistry solutions, artificial lift systems, and engineered equipment and technologies to oil and gas companies worldwide. The company operates through four segments: Production Chemical Technologies, Production & Automation Technologies, Drilling Technologies, and Reservoir Chemical Technologies. The Production Chemical Technologies segment offers onshore, offshore, and oil sands chemical solutions, such as corrosion inhibitors, scale inhibitors, emulsion breakers, and biocides to oil and natural gas production and midstream markets to manage and control corrosion, oil and water separation, flow assurance, sour gas treatment, and water-related issues. The Production & Automation Technologies segment provides artificial lift equipment, end-to-end digital automation solutions, and other production equipment and emissions monitoring solutions, including electrical submersible pumping systems, gas lift systems, jet pumps, multiplex surface pumps, plunger lift equipment, progressive cavity pumping systems, downhole rod lift systems, methane emissions monitoring solutions, chemical injection systems, flow control valves, and gauges under the Harbison-Fischer, Norris, Alberta Oil Tool, Oil Lift Technology, PCS Ferguson, Pro-Rod, Upco, Unbridled ESP, Norriseal-Wellmark, Quartzdyne, Spirit, Theta, Timberline, and Windrock brands. The Drilling Technologies segment offers polycrystalline diamond cutter inserts, bearings, valves, nozzles, and mining tools used in oil and gas drill bits under the US Synthetic brand; and high-density ceramic roof bolt mining tools for underground mining operations. The Reservoir Chemical Technologies segment provides chemistry-oriented solutions and technologies for well drilling, cementing, fracturing, acidizing, and other well interventions, as well as fracturing, drilling, cementing, acidizing additives. The company was founded in 1882 and is headquartered in The Woodlands, Texas.

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