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 (NASDAQ: CHX) provides essential oilfield technologies and sustainable production solutions for global energy operators. This dedicated news hub offers investors and industry professionals timely updates on operational developments, strategic initiatives, and technological advancements shaping the future of energy production.
Access authoritative updates including quarterly earnings reports, product launches like emissions-reduction technologies, and strategic partnerships such as the RMSpumptools acquisition. Discover how CHX addresses critical industry challenges through innovations in artificial lift systems, chemical solutions, and digital automation tools.
This resource consolidates official announcements and analysis on sustainability efforts, regulatory compliance, and operational efficiency improvements. Stay informed about ChampionX's role in advancing cleaner energy practices while maintaining production optimization for upstream operators.
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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.
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.
ChampionX announced the results of its cash tender offer for certain senior notes, with valid tenders accepted totaling $22.95 million from the $300 million offering. The early tender premium has been extended to December 28, 2020, allowing holders to receive $1,010 per $1,000 principal amount. The early settlement date is set for December 15, 2020. J.P. Morgan is managing the offer, while D.F. King acts as the information agent. All terms and conditions are outlined in the Offer to Purchase document dated November 30, 2020.
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