Dril-Quip (DRQ)

Company Profile

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 • Forum Energy • NOW • Newpark Resources • Oil States International • ROC Energy Acquisition • Cactus ...

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 Holdings LLC • Dril-Quip International LLC • Dril-Quip Foreign Interest LLC • Dril-Quip Investments LLC • Dril-Quip Venezuela LLC ...

IRS number

742162088

DRQ stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Latest filings (excl ownership)

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8-K

Amendments to Articles of Incorporation or Bylaws

9 May 23

Dril-quip, Inc. Announces First Quarter 2023 Results

8 May 23

Conflict minerals disclosure

27 Apr 23

ARS

2022 FY

Annual report to shareholders

28 Mar 23

DEFA14A

Additional proxy soliciting materials

28 Mar 23

1 Mar 23

Dril-quip, Inc. Announces Fourth Quarter and Full Year 2022 Results

27 Oct 22

Transcripts

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DRQ

Earnings call transcript

2022 Q4

28 Feb 23

DRQ

Earnings call transcript

2022 Q3

28 Oct 22

DRQ

Earnings call transcript

2022 Q2

29 Jul 22

DRQ

Earnings call transcript

2022 Q1

29 Apr 22

DRQ

Earnings call transcript

2021 Q4

27 Feb 22

DRQ

Earnings call transcript

2021 Q3

29 Oct 21

DRQ

Earnings call transcript

2021 Q2

1 Aug 21

DRQ

Earnings call transcript

2021 Q1

30 Apr 21

DRQ

Earnings call transcript

2020 Q4

28 Feb 21

DRQ

Earnings call transcript

2020 Q3

30 Oct 20

Latest ownership filings

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Terence Bartlett Jupp

4 Apr 23

JOHN LOVOI

6 Mar 23

Financial summary

Financial statements Chart DRQ financial data

Quarter (USD)	Mar 23	Dec 22	Sep 22	Jun 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
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)	235.34 mm	235.34 mm	235.34 mm	235.34 mm	235.34 mm	235.34 mm
Cash burn (monthly)	9.82 mm	8.56 mm	(no burn)	(no burn)	17.64 mm	6.56 mm
Cash used (since last report)	22.86 mm	19.92 mm	n/a	n/a	41.07 mm	15.28 mm
Cash remaining	212.48 mm	215.43 mm	n/a	n/a	194.28 mm	220.06 mm
Runway (months of cash)	21.6	25.2	n/a	n/a	11.0	33.5

Beta Read what these cash burn values mean

Financial data from Dril-Quip earnings reports.

Institutional ownership, Q1 2023

DRQ institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	181	179	+1.1%
Opened positions	26	31	-16.1%
Closed positions	24	22	+9.1%
Increased positions	60	51	+17.6%
Reduced positions	63	66	-4.5%

13F shares	Current	Prev Q	Change
Total value	998.58 bn	875.10 bn	+14.1%
Total shares	35.81 mm	35.38 mm	+1.2%
Total puts	12.10 k	4.50 k	+168.9%
Total calls	62.90 k	2.40 k	+2520.8%
Total put/call ratio	0.2	1.9	-89.7%

Largest owners	Shares	Value	Change
BLK Blackrock	5.60 mm	$160.73 bn	-1.1%
Vanguard	3.96 mm	$113.60 bn	+6.8%
Kayne Anderson Rudnick Investment Management	2.81 mm	$80.68 bn	-15.4%
Gamco Investors	1.88 mm	$54.00 bn	+3.0%
Dimensional Fund Advisors	1.88 mm	$53.99 bn	+16.5%
Fred Alger Management	1.53 mm	$44.03 bn	-1.9%
STT State Street	1.47 mm	$42.05 bn	+5.7%
Brandes Investment Partners	1.35 mm	$38.64 bn	+4.1%
William Blair Investment Management	1.23 mm	$35.36 bn	+0.6%
BK Bank Of New York Mellon	1.16 mm	$33.42 bn	+4.6%

Largest transactions	Shares	Bought/sold	Change
Kayne Anderson Rudnick Investment Management	2.81 mm	-511.62 k	-15.4%
Royce & Associates	284.75 k	+284.75 k	NEW
Dimensional Fund Advisors	1.88 mm	+266.29 k	+16.5%
Vanguard	3.96 mm	+250.68 k	+6.8%
CWA Asset Management	178.83 k	-232.70 k	-56.5%
Heartland Advisors	650.45 k	+172.00 k	+36.0%
GS Goldman Sachs	224.23 k	+106.39 k	+90.3%
Van Eck Associates	721.74 k	-103.25 k	-12.5%
American Century Companies	307.37 k	+92.96 k	+43.4%
Brandywine Global Investment Management	167.00 k	+90.28 k	+117.7%

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.

Recent insider trades

DRQ insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
3 Apr 23	Kyle McClure	Common Stock	Sell	Dispose S	No	Yes	29.97	2,500	74.93 k	60,345
3 Apr 23	Bird Jeffrey J.	Common Stock	Sell	Dispose S	No	Yes	29.98	2,500	74.95 k	131,644
3 Apr 23	James C. Webster	Common Stock	Sell	Dispose S	No	Yes	29.98	2,000	59.96 k	56,795
1 Apr 23	Lovoi John	Common Stock	Grant	Acquire A	No	No	0	1,007	0.00	61,587
1 Apr 23	Jupp Terence Bartlett	Common Stock	Grant	Acquire A	No	No	0	980	0.00	53,274