Championx Corporation Stock Price, News & Analysis

ChampionX reported strong Q1 2025 financial results with revenue of $864.5 million and net income of $85.8 million. The company achieved an adjusted EBITDA of $190.9 million with a 22.1% margin, marking their second-highest level as ChampionX.

Key performance highlights include:

• Operating cash flow of $66.8 million
• Free cash flow of $38.6 million (12th consecutive positive quarter)
• Strong liquidity position of $1.2 billion

Segment performance showed mixed results: Production Chemical Technologies revenue decreased 8% to $523.4 million, Production & Automation Technologies declined 2% to $264.4 million, Drilling Technologies decreased 3% to $50.5 million, while Reservoir Chemical Technologies grew 23% to $26.9 million.

Notably, SLB has agreed to acquire ChampionX in an all-stock transaction, with stockholder approval received in June 2024. The deal awaits regulatory approvals and customary closing conditions.

ChampionX (NASDAQ: CHX) announced that its Aerial Optical Gas Imaging (AOGI) platform has received EPA approval for Methane Alternative Test Method outlined in OOOOb. The platform enables efficient detection and location of fugitive methane emissions, capable of surveying over 150 sites daily.

The AOGI platform, the first component-level platform approved by EPA, combines high-definition OGI technology with an advanced gimbal system for precise methane leak detection. The technology has been adapted for various applications including handheld, fixed, drone, and aerial systems.

This development represents a significant advancement in emissions monitoring, particularly beneficial for operators seeking to meet regulatory requirements while maintaining operational efficiency. The platform leverages ChampionX's 140 years of oilfield expertise and complements their existing suite of emissions monitoring technologies.

ChampionX (NASDAQ: CHX) has announced a definitive agreement to sell US Synthetic to LongRange Capital. US Synthetic, based in Orem, Utah, provides polycrystalline diamond cutter inserts, bearings, valves, and mining tools for oil exploration and development projects, and constitutes ChampionX's Drilling Technologies segment.

ChampionX CEO Sivasankaran "Soma" Somasundaram praised US Synthetic's growth, innovation, and customer service culture, while Rob Galloway, President of Drilling Technologies, expressed optimism about the opportunities this transition will bring with LongRange Capital as their new partner.

The transaction is subject to customary closing conditions and the completion of the previously announced transaction between ChampionX and SLB. It is expected to close shortly after the ChampionX-SLB transaction concludes.

ChampionX (Nasdaq: CHX) has announced a regular quarterly dividend declaration. The company's Board of Directors approved a dividend of $0.095 per share on common stock, with a par value of $0.01 per share. The dividend will be paid on April 25, 2025, to shareholders who are recorded as of April 4, 2025.

ChampionX (NASDAQ: CHX) announced a significant legal victory for its subsidiary US Synthetic Corp. in a patent case. The U.S. Court of Appeals for the Federal Circuit (CAFC) reversed a previous International Trade Commission (ITC) determination regarding US Patent No. 10508502, which covers polycrystalline diamond compact (PDC) technology used in rotary drill bits.

The ITC had initially ruled that the patent claims were directed to an abstract idea, suggesting the magnetic properties were merely side effects. However, the Federal Circuit disagreed, confirming that the claims described a specific composition of matter with magnetic properties that provide meaningful insights into the PDC's physical characteristics.

ChampionX (NASDAQ: CHX) reported strong Q4 2024 results with revenue of $912.0 million and net income of $82.8 million. The company achieved its highest adjusted EBITDA margin as ChampionX at 23.3%, generating $212.3 million in adjusted EBITDA.

For full-year 2024, ChampionX delivered revenue of $3.6 billion, net income of $320.3 million, and adjusted EBITDA of $784.7 million. The company demonstrated robust cash flow generation with $589.7 million from operating activities and $460.5 million in free cash flow.

Notably, SLB (NYSE: SLB) has agreed to acquire ChampionX in an all-stock transaction, which received stockholder approval on June 18, 2024. The deal awaits regulatory approvals and other closing conditions.

The company's Production Chemical Technologies segment showed strength with Q4 revenue of $569.7 million, while Production & Automation Technologies generated $269.6 million despite seasonal declines. North America revenue grew 3% year-over-year, particularly in the Permian basin.

ChampionX (Nasdaq: CHX) has announced a regular quarterly dividend of $0.095 per share on its common stock. The dividend will be paid on January 31, 2025 to shareholders of record as of January 3, 2025. The dividend applies to the company's common stock with a par value of $0.01 per share.

ChampionX (NASDAQ: CHX) has been awarded the prestigious Golden Peacock Global Award for Sustainability by the Institute of Directors (IOD) in India. The award recognizes ChampionX's excellence in sustainable practices across its operational sectors. President and CEO Sivasankaran 'Soma' Somasundaram acknowledged this honor as a reflection of the company's dedication to excellence, innovation, and their purpose of Improving Lives.

The Golden Peacock Awards, established in 1991, are globally recognized for corporate excellence, featuring a rigorous three-tier evaluation system. The awards receive over 1,000 applications annually across 15 corporate functional verticals, with winners selected through an impartial process conducted by independent assessors.

ChampionX (NASDAQ: CHX) reported Q3 2024 results with revenue of $906.5 million, representing a 4% year-over-year decrease. The company achieved net income of $72.0 million and adjusted EBITDA of $197.5 million, with an adjusted EBITDA margin of 21.8%. Cash from operating activities was $141.3 million, generating free cash flow of $108.1 million. The company's pending acquisition by SLB is anticipated to close in Q1 2025. Production Chemical Technologies revenue was $559.5 million, while Production & Automation Technologies revenue increased 13% sequentially to $275.7 million.