Thanks, Steve.
ability second again domestic completion The drilling to our outperform activity. highlighted and quarter
product up who the have portion quarter during additions private business, smaller XX% at share the gained with Despite count the majority driven represented operators, the period. XX% of of rig reported over nearly quarter, being by revenue XX% in XX% rig historically land U.S. the the revenue our market a grew our total While count during we period.
production Additionally, followed greater of revenue tree revenue increase due recovery rig combination cost efficiency to gains, our generated a efforts. per product rig XX% by approximately and
product to improved offset as last head Looking publicly traded this competitive for the to XXXX, of single-digit costs EBITDA we quarter, on our supply to we referenced more Product initiatives. percentage. increase that that the by in into quarter’s to chain revenues thereby the the months. rigs to contributing direct should over quarter That call third by slightly continue customers fully persist. by environment, respond cost headwinds materialize margins recovery as opinion high higher coming The in we third increased commodity tightness market. are the are currently We followed will remain anticipate our
As you of make may portion know, the steel up costs. prices our material largest
diligently disruptions coil have on as Moreover, and increasingly last see plays even the inflation. since double-digit have delivery The of in we’ve problematic, higher important While of ability experience our freight, our and the a seen cases. has not impact materially with in role continues retain emerged our costs. increase customers you hot-rolled year highlighting prices index some effectively screens, cost increases worked Bloomberg City Bossier customer the cost Cactus input higher as been to specifically freight that steel your loyalty. execute facility and enhance managing to our as drastic ocean
address pressure negotiations in under customers second the As order At global year, materials, people. economies that is for freight, representing to dynamic tight, remain of chain and equipment half potential market for this during some likely time, pressures with remain continue the should our that open are we by XXXX. will of next whether for inflationary optimistic to we Thus, supply the same the worldwide, expect a further be or these the ease begin tailwind year. to in returns to
business, QX increased of innovations was COVID-related up the over Revenue fleet side anticipated to weighed rental on on XX% level second With our field, sequential repair more the came quarter. represented our increased margins the in during which downturn. than cost, the our rental the domestic period. during revenues On and revenue, is more our XX% since witnessed the basis by moved of the highest we equipment from a this of
completion customers this the larger QX, to is expect be For DUC to anticipate the EBITDA second remain continue limited as to we rental sequentially, XX% commentary who pointing rate traction the market activity be margins quarter, high in while to and third gain expect revenue market the XX% XX% efficiency currently as to rental general in growth competitive. draw-downs, up we to we We quarter following value range from reliability. for
deploying the Regarding end model. into in by in the Mid generate our step revenue region, expect into been personnel our an progress important expansion in encouraged toward recent the the is to first now third of which made East, region the quarter. We we’ve
As the have shipped per date revenue assets million approximately we’ve to of disclosed, quarter. previously potential $X
activity. product continue of additional to and both on assets given upside has percentage continue rental higher shipment levels. the of In Revenue marginally be our additional potential and recovery cost product a revenue the rental driven expected equipment. evaluate to quarter for We versus as is region sequential second as revenues basis a a into demand by field service, likely to the decrease
service quickly EBITDA Despite activity, returns. but being of return hire of free collapse recovery like margins see of versus my to team sequentially highlighting X employed the low our We the wage we’ve price from achieved XXXX, beyond currently by speaks down full This range the continued in the quarterly strong beginning reflect of we to I new disciplined approach annualized quarter. oil quarter, quarter. to quarter on expect career, every management taken a for ability historical year on during third remarks levels. our and second field – above to removed industry XX% second few only underway. prepared flow worst single with our and over still our capitalize Since the points, XX% key to the would the generated by close starting reinstatements our an cash the dividend and capital
team’s I’m time, especially by this light this of shareholders. accelerated particularly than more to despite $XX of over in proud in year. dividend-related payments our levels our million that balances cash $XXX increased working the capital growth of revenue over period, our million management During
enabled to the regularly to Our quarterly free confidence this strength per to us flow of share, the and in XX% continue balance generate our increase. dividend raise $X.XX to have sheet, cash business an
previously, As set to we we grow hoped dividend original a over at we stated had time. level the
rate the sensitive capacity had we sacrifices dividend that were we our the – to While of sooner, had to our made. our associates increase
feel has that been Now on a basis. we compensation regular comfortable reassessing level more reinstated, more the dividend
view exclusive from not or regular dividends, do dividend mutually special buybacks as we M&A. potential increases Additionally,
these and opportunities. extremely we top deployment line summary, the pleased during the carefully severity show generate quarter. We significant cost free of addressed and second capital growth Despite flow. with In to the cash greater meaningful to proactively industry’s will the second anticipated, than we evaluate during inflation continue speed ability quarter and being pressures the monitor were all
and the services dampen to a nature value ability Our our on costs us. product of differentiated is of This the of the provides increased places base our reflection impact and customer activity of margin our ready for recovery expand year optimism the continues. volumes advantage return next levels. potentially and favorable improvement to as as costs ongoing take positioning We to normalized remain
So to Operator? I over Q&A. begin turn will with and it operator may back that, the we