Dril-Quip INC: directors' dealings · United States · SEC (Form 4)

About Dril-Quip INC

Dril-Quip Inc. (ticker: DRQ) is a U.S.-listed industrial company that was historically traded on the NYSE and operated from the United States, with its corporate office in Humble, Texas, in the Greater Houston energy corridor. Founded in 1981, Dril-Quip built its reputation as a specialized provider of highly engineered equipment for the oil and gas sector, particularly in offshore, deepwater, harsh-environment, and severe-service applications. That niche positioning gave the company a strong identity in a market where technical reliability and installation performance matter as much as initial equipment design. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1042893/000095017024020662/drq-20231231.htm?utm_source=openai)) Dril-Quip’s core business has centered on the design, manufacture, sale, and servicing of drilling and production equipment used in both offshore and onshore operations. Its principal product families include subsea and surface wellheads, specialty connectors and associated pipe, subsea production systems, mudline hanger systems, production riser systems, dry tree systems, subsea manifolds, line hangers, expandable liner systems, multi-frac well connections, conventional and thermal wellheads, completion packers, and safety and kelly valves. The company also generates revenue from technical advisory services, installation support, rework and reconditioning, and rental tools used in product deployment and retrieval. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1042893/000095017024020662/drq-20231231.htm?utm_source=openai)) From a competitive standpoint, Dril-Quip has long operated as a high-specification supplier rather than a mass-market equipment vendor. Its customer base includes major integrated oil companies, large independents, foreign national oil companies, and drilling contractors across the globe. That mix supports a global commercial footprint and gives the business exposure to both offshore project cycles and maintenance-driven service demand. The company’s differentiation has been built around engineering depth, a broad product portfolio, and long-standing expertise in technically demanding offshore environments. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1042893/000095017024020662/drq-20231231.htm?utm_source=openai)) A major recent development is the merger with Innovex Downhole Solutions, announced in 2024 and completed on September 6, 2024. The transaction created a broader energy industrial platform with complementary product sets and a larger scale than Dril-Quip had on a standalone basis. Subsequent SEC filings show the combined company has also been reshaping its asset base, including the 2025 sale of the Eldridge facility in Houston. For investors, that means DRQ should be viewed through the lens of an energy-cycle industrial platform: exposed to upstream spending, offshore activity, and customer capital discipline, but with a more diversified product and service mix after the merger. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1042893/000119312524215264/d802924dex991.htm?utm_source=openai))