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The Lowest 5 Oilfield Services Companies by Free Cash Flow


May. 22 2018, Updated 3:42 p.m. ET

Free cash flow in the OFS industry

In this series, we’ll be looking at the lowest five free cash flow (or FCF) companies in the first quarter for the OFS (oilfield equipment and services) industry, excluding offshore drillers. We’ve selected OFS companies with market capitalizations of more than $100 million. Free cash flow is cash flow from operations less capex.

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Lowest five OFS companies by free cash flow

TechnipFMC (FTI) was the lowest free cash flow generator in the first quarter in the OFS industry. On January 16, 2017, TechnipFMC was created by the business combination of Technip and FMC Technologies. You can read more on this in Market Realist’s Technip–FMC Technologies Merger: Reaching the Finale.

Weatherford International (WFT) ranks second in terms of the lowest free cash flow generation in the first quarter. You can read more on WFT in Market Realist’s Why Weatherford’s 1Q18 Earnings Beat Estimates. Nabors Industries (NBR), which provides drilling and drilling-related services and technologies to onshore and offshore energy producers, comes in third in the lowest FCF ranking of OFS companies.

Tenaris (TS) and National Oilwell Varco (NOV) are also in the bottom five for FCF generation in the OFS industry in the first quarter. NOV ranks fourth, and TS ranks fifth. NOV designs, manufactures, and sells systems and components and provides oilfield services to energy producers. Tenaris (TS) provides seamless and welded steel tubular products to energy upstream companies and other industrial customers. You can learn more about the top OFS companies in Market Realist’s Top 5 Oilfield Companies Based on 2018 Returns.

Next, we’ll analyze TechnipFMC’s free cash flow and capex.


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