ChampionX

CHX

Market cap $4.94B

Britain's competition regulator said on Tuesday it has accepted undertakings offered by oilfield services firm SLB and ChampionX to address its antitrust concerns and will not further investigate the proposed $8 billion merger of the companies.

THE WOODLANDS, Texas, May 08, 2025 (GLOBE NEWSWIRE) -- ChampionX Corporation (Nasdaq: CHX) (“ChampionX”) announced today its Board of Directors has declared a regular quarterly dividend of $0.095 per share on the company's common stock, par value $0.01 per share, to be paid on July 25, 2025 to shareholders of record on July 3, 2025 (the “Record Date”). As previously announced, on April 2, 2024, ChampionX entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Schlumberger Limited (“SLB”), Sodium Holdco, Inc. and Sodium Merger Sub, Inc. (“Merger Sub”), pursuant to which, and subject to the terms and conditions therein, Merger Sub will be merged with and into ChampionX (the “Merger”), with ChampionX surviving the Merger as an indirect wholly owned subsidiary of SLB.

Invest in stocks of QUAD, OSPN, CHX and BANF to tap their high efficiency levels.

ChampionX (CHX) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.50 per share a year ago.

THE WOODLANDS, Texas, April 29, 2025 (GLOBE NEWSWIRE) -- ChampionX Corporation (NASDAQ: CHX) (“ChampionX” or the “Company”) today announced first quarter of 2025 results. Revenue was $864.5 million, net income attributable to ChampionX was $85.8 million, and adjusted EBITDA was $190.9 million. Income before income taxes margin was 12.1% and adjusted EBITDA margin was 22.1%. Cash from operating activities was $66.8 million and free cash flow was $38.6 million.

ChampionX (CHX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

ChampionX (CHX) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Britain's competition regulator said on Thursday it might accept the measures offered by oilfield services firm SLB and smaller rival ChampionX to address antitrust concerns regarding the two companies' proposed $8 billion deal.

Here is how ChampionX (CHX) and Cavco (CVCO) have performed compared to their sector so far this year.

The U.K.'s competition watchdog said it is preparing to launch an in-depth investigation of SLB's proposed acquisition of ChampionX, saying the deal could affect competition if allowed to go ahead.