As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at oilfield services stocks, starting with Borr Drilling (NYSE: BORR).

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

In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results.

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. This print exceeded analysts’ expectations by 8.1%. Overall, it was a stunning quarter for the company with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.

Unsurprisingly, the stock is down 12.8% since reporting and currently trades at $5.04.

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

Best Q4: Helix Energy Solutions (NYSE: HLX)

Playing a pivotal role in the 2010 Macondo oil spill response with its Q4000 vessel, Helix Energy Solutions (NYSE: HLX) provides specialized services to extend the life of offshore oil and gas wells and decommission aging infrastructure.

Helix Energy Solutions reported revenues of $334.2 million, down 5.9% year on year, outperforming analysts’ expectations by 11.6%. The business had an incredible quarter with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.

Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 2.9% since reporting. It currently trades at $8.80.

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

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 number topped analysts’ expectations by 3.9%. It was a very strong quarter as it also recorded a solid beat of analysts’ EBITDA estimates.

The stock is down 26% since reporting and currently trades at $8.24.

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

Oceaneering (NYSE: OII)

Deploying a fleet of 250 tethered underwater robots around the globe, Oceaneering International (NYSE: OII) provides remotely operated underwater vehicles and subsea equipment for offshore energy exploration.

Oceaneering reported revenues of $668.6 million, down 6.3% year on year. This print missed analysts’ expectations by 0.9%. Zooming out, it was actually a strong quarter as it produced a beat of analysts’ EPS estimates and a decent beat of analysts’ EBITDA estimates.

The stock is flat since reporting and currently trades at $33.05.

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

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.