Core Laboratories Inc. has recently released its 10-K report, providing a detailed overview of its operations in the oil and gas industry. The company, established in 1936, operates through Reservoir Description and Production Enhancement segments, offering services and products to enhance production and recovery of crude oil and gas from reservoirs. The Reservoir Description segment includes laboratory-based analytical and field services, while the Production Enhancement segment provides services and products related to reservoir well completions, stimulations, and production.
In the 10-K report, the company discusses the impact of global events on its operations, such as the geopolitical conflict between Russia and Ukraine and the conflict in the Middle East, which have caused disruptions in the movement and trading of crude oil. The report also highlights the impact of these events on the demand for Core Laboratories' services and products.
The report provides a detailed analysis of the company's operating results, including revenue, operating income, and operating income margin for the years ended December 31, 2024, 2023, and 2022. It also discusses the company's financial position, including the current ratio, debt to EBITDA ratio, and debt to adjusted EBITDA ratio.
The 10-K report reveals that service revenue for the year ended December 31, 2024, was $388.2 million, representing a 4% increase compared to 2023. The increase was attributed to growth in activity levels in both U.S. and international markets, with approximately 70% of service revenue generated from international markets.
Today the company's shares have moved 2.6% to a price of $17.18. For more information, read the company's full 10-K submission here.
