The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how TETRA Technologies (NYSE: TTI) and the rest of the oilfield services stocks fared in Q4.

Oilfield services companies provide equipment, technology, and services enabling exploration and production activities, including drilling, completion, well intervention, and reservoir evaluation. Their fortunes closely track upstream capital spending cycles. Tailwinds include increased drilling activity during favorable commodity environments, demand for efficiency-enhancing technologies, and growing offshore and unconventional resource development. Headwinds include significant revenue volatility tied to oil and gas price swings and producer spending discipline. Intense competition pressures pricing and margins, while the energy transition may structurally reduce long-term demand. Workforce availability and technological disruption require continuous adaptation.

The 26 oilfield services stocks we track reported a strong Q4. As a group, revenues beat analysts’ consensus estimates by 3.7%.

Thankfully, share prices of the companies have been resilient as they are up 5.3% on average since the latest earnings results.

TETRA Technologies (NYSE: TTI)

Operating across six continents with approximately 40,000 acres of mineral-rich brine leases in Arkansas, TETRA Technologies (NYSE: TTI) provides well completion fluids and water management services to oil and gas operators.

TETRA Technologies reported revenues of $146.7 million, up 9.1% year on year. This print exceeded analysts’ expectations by 3.9%. Overall, it was a very strong quarter for the company with an impressive beat of analysts’ EBITDA estimates.

Brady Murphy, TETRA's President and Chief Executive Officer, stated, "We are pleased with our fourth-quarter performance and finishing 2025 with one of the strongest financial years in our history across our current segments. Total year 2025 revenue was $631 million, income from continuing operations before taxes was $26.5 million and Adjusted EBITDA was $114 million. Revenue and Adjusted EBITDA were the highest in the last 10 years. Completion Fluids & Products segment led the way with record revenue, Adjusted EBITDA and Adjusted EBITDA margins, supported by a record industrial chemicals performance and a very strong deepwater fluids market position. Additionally, we finished the year with the highest volumes and revenue ever for the recycling and treatment of produced water, including first revenue from desalination for beneficial re-use in the Permian Basin."

The stock is down 24% since reporting and currently trades at $8.47.

Is now the time to buy TETRA Technologies? Access our full analysis of the earnings results here, it’s free.

Best Q4: Borr Drilling (NYSE: BORR)

Operating one of the world's youngest jack-up fleets with an average age under eight years, Borr Drilling (NYSE: BORR) operates jack-up rigs that drill oil and gas wells in shallow waters up to 400 feet deep for exploration and production companies.

Borr Drilling reported revenues of $259.4 million, down 1.4% year on year, outperforming analysts’ expectations by 8.1%. The business had an incredible quarter with a beat of analysts’ EPS estimates.

The market seems content with the results as the stock is up 1.8% since reporting. It currently trades at $5.89.

Is now the time to buy Borr Drilling? Access our full analysis of the earnings results here, it’s free.

Weakest Q4: World Kinect (NYSE: WKC)

Serving over 150,000 customers from commercial jets to cargo ships to heating oil consumers, World Kinect (NYSE: WKC) procures and delivers fuel and energy products to airlines, shipping companies, trucking fleets, and industrial businesses worldwide.

World Kinect reported revenues of $9.03 billion, down 7.5% year on year, falling short of analysts’ expectations by 2.3%. It was a disappointing quarter as it posted a significant miss of analysts’ EBITDA and EPS estimates.

As expected, the stock is down 12.1% since the results and currently trades at $23.37.

Read our full analysis of World Kinect’s results here.

Helmerich & Payne (NYSE: HP)

Operating the largest fleet of super-spec rigs in North America with technology that can drill horizontal wells over two miles long, Helmerich & Payne (NYSE: HP) provides drilling rigs and crews to oil and gas companies that need wells drilled to extract hydrocarbons from underground.

Helmerich & Payne reported revenues of $1.02 billion, up 50.2% year on year. This print topped analysts’ expectations by 3.1%. Aside from that, it was a mixed quarter as it also produced a decent beat of analysts’ EBITDA estimates but a significant miss of analysts’ EPS estimates.

Helmerich & Payne delivered the fastest revenue growth among its peers. The stock is down 4.7% since reporting and currently trades at $34.69.

Read our full, actionable report on Helmerich & Payne here, it’s free.

Halliburton (NYSE: HAL)

Behind nearly every oil and gas well drilled worldwide, Halliburton (NYSE: HAL) provides drilling, completion, and production services that help oil and gas companies extract hydrocarbons from underground reservoirs.

Halliburton reported revenues of $5.66 billion, flat year on year. This result surpassed analysts’ expectations by 4.2%. It was a stunning quarter as it also produced a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.

The stock is up 17.4% since reporting and currently trades at $37.63.

Read our full, actionable report on Halliburton here, it’s free.

Market Update

Late in 2025 into early 2026, there was hand wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure?

These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability.

Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.