In this video, Joel South and Taylor Muckerman discuss Core Laboratories' (CLB) earnings and prospects. The company reported another record quarterly earnings, at $1.22 per share. Consecutive record quarters are one reason the stock is up 15% year to date. The future looks good, too. Core Labs provides reservoir description, production enhancement, and reservoir management services to oil companies. As oil becomes increasingly expensive to produce, Core Labs' services become increasingly important. For investors, Core Labs converts roughly one quarter of its revenues into free cash. The company also sells at a premium, 30 times earnings. However, given the growth prospects, this may not be as expensive as the number might suggest. Big Oil uses Core Labs, both for onshore and offshore assets, and this should keep Core Labs generating record quarterly earnings.