Oilfield Services Stocks Beat Q1 Revenue Estimates by 3.8% but Shares Fall 9.6%

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Summary · why it matters

Oilfield services stocks tracked by StockStory beat analysts' consensus revenue estimates by 3.8% in the first quarter, yet their share prices have fallen an average of 9.6% since reporting. Baker Hughes posted revenue of $6.59 billion, up 2.5% year on year and 4.1% above expectations, but its stock dropped 7.9%. Select Water Solutions delivered the best performance relative to estimates with revenue of $366 million, beating by 6.8%, and its shares rose 6.1%. Borr Drilling had the weakest quarter, missing revenue estimates by 2.1% with $247 million, and its stock tumbled 29.6%. Helmerich & Payne and Oceaneering also reported mixed results, with both missing EPS and EBITDA estimates despite Oceaneering beating on revenue.

Impact on assets 5

Energy± Mixed
Energy Transition & Power Demand▼
Baker Hughes Co
BKR
▼ NegativeCapitalrelevance

Beat revenue estimates but stock fell 7.9% after reporting, indicating market disappointment.