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Oil prices moved higher after the U.S. rejected a conditional offer from Iran to reopen the Strait of Hormuz, a vital waterway for global energy shipments. This standoff keeps energy markets on edge and has pushed crude prices toward $105 per barrel.
For TerraVest, higher oil prices are a double-edged sword. While more expensive fuel can raise its own shipping costs, the company makes much of its money selling equipment and services to oilfield operators. When oil prices stay high, those customers tend to spend more on the tanks and processing gear that TerraVest builds.
Management often sets a low bar and then clears it by a wide margin, suggesting they are conservative with their forecasts while the business consistently outpaces expectations.
| Expectation | |
|---|---|
| EPS | $0.54 |
| Revenue | $333M |