life highly and and completion Thanks exposure wells with engineered differentiated to production consumable Brian. drilling, of products At our manufacturer a the core, phases of cycle. we remain
the with business XXXX these been in we in driven total whom market smaller We wells was surrounding operators. our products rig secular Our impacted by wells operators from believe rig do clients first of Whereas several the efficiency, have number be that drilled drilling. to rigs continues increases smaller trend growth of share more quarters primarily adding business. less the batch per of increase adversely count and from including by we'll and our benefit released large by rig two
growth expect average the As X% could by of a the we more result, our followed in see versus year. we QX the rigs end or
we growth remains in larger on drilling due to highly share market goal with successful there while to be We our front gain remain independents majors, compelling believe So we value roughly facility further proposition. with to continue In quarter, quarter in room our an in second steadfast enhanced the third this respond campaigns. our growth spent significant products for product we with $X Louisiana. City, to spent better in and in business, Bossier domestic manufacturing our million addition expand approximately the $X to to order million to
our addition, a to completed issues acquisition we new the $X for recently in Delaware In particularly This in Delaware, activity faith just under just takeaway Permian continued late Basin. of the next year. facility is resolved New once are million, highlights service the Mexico Hobbs, growth begun which
given from appointment the third quarter, we were our part to customers. early rental the the of increase demand strong assets During of the able
we see quarter, reducing point at at in which main However, fourth are demand. play the this three factors
Eagle of the customers in Permian, budgets or SCOOP/STACK achieved goals. exhausted and the activity with evidence First, already outside XXXX. Northeast, completion plans crews and production have have to Ford, year arrested for the areas in increase reduced Bakken, seeing we're In
postponements Secondly, driven evidence from reasons. our delays of completions core seeing exhaustion by of customers we're budget are a new we for in the variety to Permian, not on but seeing starts location
customer revenue with longer, softness to finally, pursue ability equipment clients. generate to seasonal with well And the slowing are and existing Although frac affects use on or historical new this we our the QX, clients taking activity pads that see starts. we work our continue utilization take on and to in staged new trend postponing consistent
in the customers' to of QX As increases all we've of our noted of business XXXX. the in signs visibility before, plans, into moderation least beginning in but this part point favor provides
segment which we will impacted products rental third rental and reasons, For driven could sequentially the sales both by quarter. these much believe all from service Field be as be XX% likewise our by the revenue down slowdown. is completion as
we to higher business that achieved Notwithstanding what during side. compression quarter. to to traditionally we has goal rental the towards the fourth larger and of short our around holidays wellhead a decline non-billable completion activity, typical any business, work on we've this the in expect would building due similar moat continue hours, margin Finally, term
innovations. made the we with new to During our progress quarter, significant regards completion
to control XX expect market they intervention. time trials rental and at methods human The that with alternatives wall days XX These flow reduce these the existing innovations remain commercial not to need of of for and returns. the exceed We are they all both nonproductive address side. rental to replace in could viability offerings field innovations be within total next operations, confident likely enhance the to as and the these our innovations in opportunity of our similar new X or offerings, complimentary current existing as
have out demand customer anticipated of in of these fourth quarter expect regarding details potential the to the response our XXXX. further with commercial to following in innovations We the build acceptance fleet
an assets. with $XX we on budget, the will emphasis in the fleet have new So expansion while our our in million these ballpark yet out our capital XXXX year. be of innovations million We of $XX below rental roofline anticipated set likely related expansions substantial the to XXXX in the no build to coming anticipate same total or rental spending of
not implemented of late items Section Chinese witnessed Section the operations. bulk from while suppliers we prior tariffs, the In impact impact. as tariffs of directly our XX%, of XXX an XXX successfully initial the Regarding with margin imports $XXX input to negative of quarter steel. impacted chain. resulting third cost on in were domestic our to which We finalized billion USTR raise will rate bring Chinese supply September, the any price steel tariffs increased able of minimize We
Should fail discuss by year-end, impact as but we we the equipment expect a line much and possibility to of provides imported the expect as decline XX% now revenues into in margins. by to could negligible the QX to competitive. between usual China our with to trade from completion temporary this summary, could as results, tariffs the QXs, And customers. issues outstanding field of China the rise on remain of light be seasonal We service if In QX activity EBITDA continue control results. market, record expect our broadly we much a due as to resolve the these on U.S. reduction with majority our impact vast pressure to XX% negotiations and
and As our next expected rental revenue mentioned X continued affecting the XXXX, reverse growth I decreases fourth we main quarter in anticipate for in the early are year. in nature recount factors to while our temporary
proud new about we sharing further our we of the addition, excited In are ability very the to for associates potential enhanced caused to execute third of deployment our growth, successful during quarter. and their the by rental innovations how are remain
despite to market Our the aforementioned share, in a differentiated service products period further temporary as slowdown level a activity. of well have position gain
capital I'll discuss you. the to continued begin may it has back no allocation we board options Operator? so operator, Q&A. final our for And turn not that, Finally, it's that over made a decision. XXXX, with but Thank
