dril-quip, inc. is one of the world's leading manufacturers of precision-engineered offshore drilling and production equipment that is well suited for use in deepwater, harsh environments and severe service applications. the company designs and manufactures subsea, surface and offshore rig equipment for use by oil and gas companies in offshore areas throughout the world. dril-quip also provides installation and reconditioning services, as well as rental running tools for use with its products.
Company profile
Ticker
DRQ
Exchange
Website
CEO
Blake DeBerry
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Dril-Quip Holdings • Dril-Quip do Brasil Ltda. • Great North Wellhead ULC • Redco Equipment Sales ULC • Dril-Quip Oilfield Services (Tianjin) Co., Ltd. • Dril-Quip AP Holdings LLC • Dril-Quip Foreign Interests LLC • Dril-Quip Holdings LLC • Dril-Quip International LLC • Dril-Quip Investments LLC ...
IRS number
742162088
DRQ stock data
Latest filings (excl ownership)
425
Business combination disclosure
16 Apr 24
425
Business combination disclosure
19 Mar 24
ARS
2023 FY
Annual report to shareholders
19 Mar 24
DEFA14A
Additional proxy soliciting materials
19 Mar 24
DEF 14A
Definitive proxy
19 Mar 24
425
Business combination disclosure
18 Mar 24
8-K
Dril-Quip and Innovex to Combine Creating Unique Energy Industrial Platform
18 Mar 24
10-K
2023 FY
Annual report
27 Feb 24
8-K
Dril-quip, Inc. Announces Fourth Quarter and Full Year 2023 Results
26 Feb 24
10-Q
2023 Q3
Quarterly report
1 Nov 23
Transcripts
DRQ
Earnings call transcript
2023 Q4
27 Feb 24
DRQ
Earnings call transcript
2023 Q3
27 Oct 23
DRQ
Earnings call transcript
2023 Q2
1 Aug 23
DRQ
Earnings call transcript
2023 Q1
9 May 23
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 Q4
24 Feb 22
Latest ownership filings
4
James C. Webster
2 Apr 24
4
Kyle McClure
2 Apr 24
4
Jeffrey J. Bird
2 Apr 24
4
Darryl Keith Willis
2 Apr 24
4
Steven L Newman
2 Apr 24
4
Carri A. Lockhart
2 Apr 24
4
Terence Bartlett Jupp
2 Apr 24
4
JOHN LOVOI
2 Apr 24
144
Notice of proposed sale of securities
1 Apr 24
144
Notice of proposed sale of securities
1 Apr 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
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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) | 181.07 mm | 181.07 mm | 181.07 mm | 181.07 mm | 181.07 mm | 181.07 mm |
Cash burn (monthly) | 18.47 mm | 9.10 mm | 2.02 mm | (no burn) | (no burn) | 3.00 mm |
Cash used (since last report) | 123.30 mm | 60.74 mm | 13.51 mm | n/a | n/a | 20.03 mm |
Cash remaining | 57.78 mm | 120.33 mm | 167.57 mm | n/a | n/a | 161.04 mm |
Runway (months of cash) | 3.1 | 13.2 | 82.8 | n/a | n/a | 53.7 |
Institutional ownership, Q3 2023
99.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 171 |
Opened positions | 21 |
Closed positions | 16 |
Increased positions | 60 |
Reduced positions | 61 |
13F shares | Current |
---|---|
Total value | 948.10 bn |
Total shares | 34.38 mm |
Total puts | 12.00 k |
Total calls | 56.20 k |
Total put/call ratio | 0.2 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 5.44 mm | $153.15 bn |
Vanguard | 3.82 mm | $107.65 bn |
Brandes Investment Partners | 2.21 mm | $62.16 bn |
Dimensional Fund Advisors | 2.11 mm | $59.35 bn |
Gamco Investors | 1.97 mm | $55.55 bn |
STT State Street | 1.47 mm | $41.42 bn |
BK Bank Of New York Mellon | 1.36 mm | $38.41 bn |
William Blair Investment Management | 1.28 mm | $36.17 bn |
Fred Alger Management | 943.62 k | $26.58 bn |
Heartland Advisors | 872.95 k | $26.43 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Apr 24 | Newman Steven L | Common Stock | Grant | Acquire A | No | No | 0 | 1,040 | 0.00 | 63,547 |
1 Apr 24 | Carri A. Lockhart | Common Stock | Grant | Acquire A | No | No | 0 | 1,040 | 0.00 | 23,275 |
1 Apr 24 | Jupp Terence Bartlett | Common Stock | Grant | Acquire A | No | No | 0 | 1,248 | 0.00 | 67,163 |
1 Apr 24 | Lovoi John | Common Stock | Grant | Acquire A | No | No | 0 | 1,283 | 0.00 | 78,825 |
1 Apr 24 | Kyle McClure | Common Stock | Sell | Dispose S | No | Yes | 23.15 | 4,000 | 92.60 k | 67,005 |
News
Dril-Quip And Innovex Downhole Solutions Agree To Merge In An All-stock Transaction
18 Mar 24
Barclays Maintains Underweight on Dril-Quip, Lowers Price Target to $22
29 Feb 24
Evercore ISI Group Maintains Outperform on Dril-Quip, Lowers Price Target to $40
28 Feb 24
Earnings Scheduled For February 26, 2024
26 Feb 24
Dril-Quip's Earnings Outlook
23 Feb 24
Press releases
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates HMST, CHX, FUSN, DRQ
12 Apr 24
Kuehn Law Encourages HMST, CHX, FUSN, and DRQ Investors to Contact Law Firm
12 Apr 24
SHAREHOLDER UPDATE: Halper Sadeh LLC Investigates DRQ, FUSN, LABP, FXNC
27 Mar 24
SHAREHOLDER UPDATE: Halper Sadeh LLC Investigates FUSN, DRQ, X
21 Mar 24
Kuehn Law Encourages DRQ, EVBG, FREE, and FUSN Investors to Contact Law Firm
20 Mar 24