Company Quick10K Filing
FTS International
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 110 $630
10-Q 2019-11-05 Quarter: 2019-09-30
10-Q 2019-07-31 Quarter: 2019-06-30
10-Q 2019-05-09 Quarter: 2019-03-31
10-K 2019-02-28 Annual: 2018-12-31
10-Q 2018-10-30 Quarter: 2018-09-30
10-Q 2018-08-01 Quarter: 2018-06-30
10-Q 2018-05-01 Quarter: 2018-03-31
10-K 2018-03-09 Annual: 2017-12-31
8-K 2020-02-12 Earnings, Exhibits
8-K 2020-01-31 Regulation FD, Exhibits
8-K 2019-12-12 Officers, Exhibits
8-K 2019-11-04 Earnings, Exhibits
8-K 2019-09-26 Officers, Exhibits
8-K 2019-07-30 Earnings, Exhibits
8-K 2019-05-16 Officers, Shareholder Vote, Exhibits
8-K 2019-05-08 Earnings, Exhibits
8-K 2019-05-03 Regulation FD
8-K 2019-04-25 Regulation FD
8-K 2019-02-27 Earnings, Exhibits
8-K 2019-02-11 Earnings, Exhibits
8-K 2018-12-28 Officers, Exhibits
8-K 2018-10-29 Earnings, Exhibits
8-K 2018-09-26 Officers
8-K 2018-07-31 Earnings, Exhibits
8-K 2018-04-30 Earnings, Exhibits
8-K 2018-04-25 Officers, Exhibits
8-K 2018-03-01 Earnings, Exhibits
8-K 2018-02-22 Enter Agreement, Leave Agreement, Off-BS Arrangement, Other Events, Exhibits

FTS International Financials

FTSI Metrics, Comps, Filings

Annual | Quarterly

Business

FTS International, Inc. (the “Company”, “we”, “our”) was originally formed in 2000. We are one of the largest providers of hydraulic fracturing services in North America. Our services enhance hydrocarbon flow from oil and natural gas wells drilled by E&P companies in shale and other unconventional resource formations. We have 1.7 million total hydraulic horsepower across 34 fleets, with 19 fleets active and one fleet under construction and awaiting final assembly as of December 31, 2018. Our significant customers have included Anadarko Petroleum Corporation, Ascent Resources Utica Holdings, LLC, Centennial Resource Development, Inc., Chesapeake Energy Corporation, Devon Energy Corporation, Diamondback Energy, Inc., EOG Resources, Inc., EQT Corporation, and other leading E&P companies that specialize in unconventional oil and natural gas resources in North America.

We operate in five of the most active major unconventional basins in the United States: the Permian Basin, the SCOOP/STACK Formation, the Marcellus/Utica Shale, the Eagle Ford Shale and the Haynesville Shale. The following map shows the basins in which we operate and the number of fleets operated in each basin as of January 31, 2019.

We manufacture and refurbish many of the components used by our fleets, including consumables, such as fluid-ends. We also perform substantially all the maintenance, repair and refurbishment of our hydraulic fracturing fleets, including the reactivation of idle equipment. Our cost to produce components and reactivate fleets is significantly less than the cost to purchase comparable quality components and fleets from third-party suppliers. For example, we manufacture fluid-ends and power-ends at a cost that is approximately 50% less than purchasing them from outside suppliers. In addition, our capabilities allow us to perform full-scale refurbishments of our fracturing units, including refurbishing the engines and transmissions, at a cost that is approximately half the cost of utilizing an original equipment manufacturer or other outside supplier.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Helix Energy Solutions Group (HLX) 1,234 16% 7.8 1% 2,620 968 739 122 32 183 1,432
Frank's (FI) 1,162 4% 24.2 -6% 1,173 177 575 24 -66 42 1,003
SemGroup (SEMG) 930 27% 8.4 -0% 6,258 4,952 2,488 676 -5 383 3,201
C&J Energy Services (CJ) 824 19% -9.8 -24% 1,330 298 2,070 403 -313 -73 710
National Energy Services Reunited (NESR) 750 32.1 -3,182,254,400% 515 0 0 32 32 1,020
Keane Group (FRAC) 737 22% 3.0 1% 1,065 600 1,895 423 10 319 959
FTS International (FTSI) 630 24% 8.1 4% 722 664 1,031 250 27 116 943
Nine Energy Service (NINE) 519 23% 13.3 -4% 1,098 473 915 214 -40 68 902
Mammoth Energy Services (TUSK) 298 29% 0.9 14% 1,109 346 1,106 321 155 430 373
KLX Energy Services Holdings (KLXE) 237 17% 7.1 -0% 733 337 580 100 -2 54 387
Natural Gas Services (NGS) 207 0% 7.4 0% 305 42 70 0 1 24 177
Superior Energy Services (SPN) 191 25% -1.4 -42% 2,146 1,966 2,016 503 -891 -913 1,254
NCS Multistage (NCSM) 175 49% -0.9 -110% 204 48 205 101 -224 -195 181
Cypress Energy Partners (CELP) 132 13% 10.0 9% 170 116 375 50 15 21 210
Ranger Energy Services (RNGR) 67 0% 2.6 3% 318 116 340 0 11 51 130
Nuverra Environmental Solutions (NES) 63 0% 10.3 -10% 285 68 187 0 -27 9 93
Quintana Energy Services (QES) 54 0% 2.5 -7% 322 137 578 0 -24 29 73
Basic Energy Services (BAS) 51 23% 7.2 -18% 702 533 864 200 -129 44 314
Key Energy Services (KEG) 41 20% 25.2 -22% 404 474 97 -89 10 255
Recon Technology (RCON) 26 -2% -0.4 40% 122 35 -23 0 48 49 -20

Balance Sheet ($MM)2018-12-31
Cash178
Accounts Receivable158
Inventory67
PP&E275
Assets744
Accounts Payable101
Long-Term Debt461
Liabilities637
Stockholders' Equity107
Income Statement ($MM)2018-12-31
Revenue1,543
Cost of Revenue1,033
Gross Profit510
R&D
SG&A88
Tax2
Net Income258
Cash Flow ($MM)2018-12-31
Cash Operating385
Cash Investing-99
Cash Financing-326