Welcome to our dedicated page for Championx Corporation news (Ticker: CHX), a resource for investors and traders seeking the latest updates and insights on Championx Corporation stock.
ChampionX Corporation (CHX) is described in its public communications as a global leader in chemistry solutions, artificial lift systems, and highly engineered equipment and technologies that support oil and gas drilling and production around the world. This news page aggregates company-issued updates and market announcements related to ChampionX, providing a focused view of how the company presents its operations, financial results, and strategic transactions.
Readers can find news releases covering quarterly and annual financial results, where ChampionX reports revenue, margins, cash flow, and performance across its Production Chemical Technologies, Production & Automation Technologies, Drilling Technologies, and Reservoir Chemical Technologies segments. These updates often include commentary on segment trends, digital product revenue, and non-GAAP financial measures such as adjusted EBITDA and free cash flow, which the company uses to describe its operating performance and cash generation.
The news stream also includes announcements about regular quarterly cash dividends on ChampionX common stock, reflecting board decisions on dividend declarations and related record and payment dates. In addition, ChampionX has published detailed communications about its definitive Agreement and Plan of Merger with Schlumberger Limited (SLB), under which ChampionX is expected to become an indirect wholly owned subsidiary of SLB, subject to regulatory approvals and other closing conditions.
Other types of news highlighted by ChampionX include technology and emissions-related developments, such as the approval of its Aerial Optical Gas Imaging (AOGI) platform by the U.S. Environmental Protection Agency for use under a Methane Alternative Test Method, and segment-level business highlights that describe contract awards, product deployments, and digital solutions in various regions. Investors and analysts following CHX-related news can use this page to review the company’s own descriptions of its financial performance, portfolio evolution, and corporate transactions over time.
ChampionX Corporation (NASDAQ: CHX) has successfully acquired Scientific Aviation, Inc., a leader in methane emissions monitoring solutions. This acquisition aligns with ChampionX's strategy to enhance its emissions management portfolio to support customers in achieving emissions reduction goals. The integration of Scientific Aviation's technology with ChampionX's AI-driven predictive algorithms is expected to bolster environmental stewardship in the energy sector. This move follows ChampionX's prior investment in QLM Technology Ltd, reflecting a commitment to growth in the evolving energy landscape.
ChampionX Corporation (CHX) announced it will release its second quarter 2021 operating results on July 28, 2021, after market close. The company will hold a conference call on July 29, 2021, at 8:00 a.m. CT to discuss the results. Investors can access the live webcast through ChampionX’s website or by dialing in. A replay will be available for 30 days post-call. ChampionX is recognized as a leader in chemistry solutions and highly engineered equipment, enhancing oil and gas production safety and efficiency.
ChampionX Corporation reported Q1 2021 revenue of $684.9 million with a net income of $5.8 million. The adjusted EBITDA was $94.2 million, reflecting a 13.8% margin. Operating cash flow was $90.2 million, with $64.6 million as free cash flow, marking a 9% revenue ratio. The company aims for Q2 revenue between $700 million and $740 million. Significant challenges included raw material supply disruptions due to Winter Storm Uri and seasonal declines in international sales.
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ChampionX Corporation (NASDAQ: CHX) announced an investment in QLM Technology Ltd, which specializes in a quantum gas camera that detects methane emissions. This investment aligns with ChampionX's strategy to leverage its capabilities in the energy market, promoting sustainable growth during the energy transition. QLM's technology aims to assist organizations in achieving net zero emissions by effectively measuring industrial methane emissions. The partnership is expected to enhance QLM's development and market presence.
ChampionX Corporation (NASDAQ: CHX) announced that it will release its Q1 2021 operating results on April 28, 2021, after market close. A conference call is scheduled for April 29, 2021, at 9:00 a.m. CT to discuss the results, which will be accessible via live webcast on the company's website or through a dedicated phone line. Interested participants are encouraged to register 15 minutes before the call. ChampionX provides chemistry solutions and specialized equipment for the oil and gas industry, enhancing production efficiency throughout the lifecycle of wells.
ChampionX Corporation reported Q4’20 revenue of $706.1 million, a sequential increase of 11%. Net income attributable to ChampionX was $7.4 million, with adjusted EBITDA at $108.6 million, up 25% sequentially. Positive cash flow included $120.6 million from operating activities and $107.6 million in free cash flow. The company also repaid $79.8 million in debt. Guidance for Q1’21 projects revenue between $650 million and $700 million, with adjusted EBITDA of $90 million to $100 million.
ChampionX Corporation announced the retirement of Jay A. Nutt, Senior VP and CFO, effective February 1, 2021, after 35 years in financial leadership roles. He will continue as an advisor until the end of Q2. Kenneth M. Fisher has been appointed as the new CFO, bringing valuable experience from Noble Energy and Shell. The leadership transition is positioned to enhance the company's strategic execution and financial goals following recent mergers.
ChampionX Corporation (NASDAQ: CHX) will release its fourth quarter and full year 2020 operating results on February 23, 2021, after market closure. A conference call is scheduled for February 24, 2021, at 9:00 AM CT to discuss these results. Investors can access the live webcast on the ChampionX website or by dialing provided numbers. A replay will be available for 30 days. ChampionX specializes in chemistry solutions and advanced equipment for oil and gas production, focusing on enhancing well lifecycle efficiency.
ChampionX Corporation announced its voluntary stock exchange transfer to the Nasdaq Global Select Market from the New York Stock Exchange, effective December 31, 2020. Trading will begin on Nasdaq on January 4, 2021, retaining the ticker symbol CHX. The move aims to align with Nasdaq's technological advancements and ESG focus, enhancing operational efficiency and accessibility to innovative tools for customers and shareholders. ChampionX, formerly Apergy Corporation, specializes in chemistry solutions and technologies for oil and gas production.