Thanks, Brian.
which Our abetted continues pad by trends is be drilled, the such by driven wells rig improving secular products as wells business per more and number larger to of drilled primarily sizes. total
decline despite the as relatively US share followed we've onshore rig has gained with So slight new far our in this the year, successfully rigs operators. market remained stable count
level our a and customers of now the up production product declined shipments, completion seen revenues single-digits believe had QX end have which in normalized towards high activity, be quarter-over-quarter. we've the We tree XXXX of XXXX. Importantly, should resumed our more
expected activity count more Looking the of rig remain further drilling to-date. decline we regarding out, overall the modest cautious despite than level
off back Permian, more and our while thought differentials we in roll remain delayed tightening we we reduce public contracts, in said, customer will believe, recent with would well the and the anticipate pull XXXX. private the maybe within spending. That the recovery of prices crude rigs muted As that E&Ps base. positioned we share market than previously Regardless, that believe gain to in
our complete wells displayed the fairly less a fourth that customers at willingness During prices. lower steady to wells willing quarter, but oil drill pace, a in new were to
However, have reset our half as has first activity growth exceeded business the the and completion New during of the of in growth the quarter. product Year, budgets
in our pumping slowdown witness part small XX% increase deploy in an this should activity likely in service to generate as large in ramp items QX high-pressure in additional equipment the sand. change Margins could XXXX, no a are and to as in to backdrop slight up due improvements completion the experienced neighborhood in into sequentially following As in E&P We pullback back we the revenues and and first cost rental of believe look we field the quarter. QX. such pressure outperform ticket budgets the deflation general improving
accounts With are sales business silence This higher to this year-end service, first levels hours these returned and driven encourage more impacted of seen which a the reflection traditionally optimism that more the a have revenue fully an work our stage innovations these the for holidays. relative QX are years. We toward our advantage. product not as on think adversely several conjunction during non-billable at efficiencies around additional rental exceeded this we new as revenue, products build on around of initiatives, and to half Field second We and the to both they competitive field. completion in quarter. margins that these our and brought we revenue in of details offerings the until Early performance business revenue the this run forecast we've to with Moreover, as differentiated year-end the in our Based rate. offerings generation XXXX rental could customers continue for our witnessed truly as rate market XX% rental pleased were noticeable existing current demonstrated anticipate as technologies. innovations large developed for with have believe Turning during existing down on reception the fourth our toward quarters we out the more over innovations, slowed in designed we towards this publicize protect as completions directed of opportunity the some by in fleet to the capital mind, expectations. very XXXX. in These by normalized we've is to indications new we our be maintain was three year been next to chosen you represent business the view we've site for offerings these current growth believe run market.
of roughly we forward, expect business XX% and to from would revenue. revenue XX% be our rental product combined Going this to
we the add our fleet CapEx previously two we innovations. $X low $XX XXXX be machines on As choose expect should will build in in roofline new to depending on not range million the be noted, full our to capital Bossier year how expansion minimal, budget although exceed quickly will million Maintenance City. and high-spec of aforementioned we
tariffs manufacturing tariffs, largely at factors a through our our of the XXX discussed on wholly-owned during the last from China a we products that of XX% imported in rate Regarding of impact were have combination set call. mitigated subsidiary Section
single tariffs days, from XX% as digit will rate XXXX, March tariff In going We be to limited X, that pre-tariff will impact scheduled are reductions in fully inventories. it previously the and the XXX replace in move percentages at announced until to forward product has tariffs recent optimistic increase the officially we the the margin further notice. USTR for remain postponed that Section
higher all our summary, the compared We're rental rebound across activity deployment new first months our when lines innovations. the of successful encouraged potential expect we two or XXXX, in of business So, we the in regarding the by on to witnessed of and QX. based revenues QX optimistic
while company response significant to growth now We are our business with balanced in focus remain stronger, our market cash free XXXX, and Following our on a the a ability flexibility retaining conditions. to returns scale oriented flow. we in more
about to-date decisions that no M&A no questions of light of made cash increasing has I opportunities potential reviewed Board Finally, in can or a confirm buyback dividends we anticipation our allocation position, that program. and regarding suitable in our capital
public want President I done a has CFO corporate to to turn I Steve various a managing operational for family. functions we job been transition who invaluable masterful our questions, Before it contributions to has I both opportunity also for over Company, thank to as congratulate to and Tadlock, Officer, to this and position company. to the Small as Financial effective appointed the of Brian our take finance Chief XXth. want March his Steve Vice
many operating margins. Brian last by business manage the years, metrics daily XX we maintain Over this we which developed focus on through which and of and implemented our the
As finance a company. Senior to the inherent previously in process noted, new Brian without operational transitioning role time oversee distractions or a just he Finance full Director and various initiatives public corporate will improvement of
with So the turn begin may to operator that, over I'll Operator? turn the we back the call Q&A. and
