Dril-Quip Inc - Company Profile
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Dril-Quip Inc (Dril-Quip) designs, manufactures and offers offshore drilling and production equipment for use in deepwater, harsh environment and severe service applications. The company’s major product portfolio consists of subsea and surface wellheads, mudline hanger, subsea and surface production trees, systems, specialty connectors, and associated pipe, drilling and production riser systems, wellhead connectors and diverters. It also provides rework and reconditioning services, technical advisory services and rents running tools to its customers. Dril-Quip provides products and services to oil and gas companies and drilling contractors. The company has manufacturing facilities in the US, Brazil, the UK and Singapore. Dril-Quip is headquartered in Houston, Texas, the US
Headquarters
United States of America
Address
2050 West Sam Houston Parkway S., Suite 1100, Texas, 77042
Website
www.dril-quip.com
Telephone
1 713 9397711
No of Employees
1,659
Industry
Energy and Utilities
Ticker Symbol & Exchange
DRQ (NYSE)
Revenue (2022)
$424.1M
17.2%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
137.2%
(2022 vs 2021)
Market Cap*
$667.1M
Net Profit Margin (2022)
XYZ
131.1%
(2022 vs 2021)
* As of and is in US$
Dril-Quip Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Specialty Casing Connectors | Field Installation | Dril-Quip |
| Mudline Suspension Equipment | Inspection | Quik-Thread |
| Downhole Tools | Maintenance | Quik-Stab |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In March, the company signed an agreement to merge with Innovex Downhole Solutions to create an energy industrial platform. |
| 2024 | Contracts/Agreements | In February, the company was selected by Woodside Energy to provide the subsea wellhead systems for Trion development offshore Mexico. |
| 2023 | Contracts/Agreements | In November, the company was selected as a supplier of drill-through systems for Petrobras' pre-salt development wells. |
Competitor Comparison
| Key Parameters | Dril-Quip Inc | Schlumberger Ltd | NOV Inc | TechnipFMC Plc | Weatherford International Plc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United Kingdom | United States of America |
| City | Houston | Houston | Houston | London | Houston |
| State/Province | Texas | Texas | Texas | England | Texas |
| No. of Employees | 1,659 | 111,000 | 33,676 | 22,762 | 18,500 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| John V. Lovoi | Chairman | Executive Board | 2011 | 61 |
| Jeffrey J. Bird | Director; President; Chief Executive Officer | Executive Board | 2022 | 56 |
| Kyle F. McClure | Chief Financial Officer; Vice President | Senior Management | 2022 | 47 |
| Mahesh R. Puducheri | Chief Human Resources Officer; Vice President | Senior Management | 2022 | - |
| James C. Webster | General Counsel; Vice President; Secretary | Senior Management | 2011 | 53 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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