For the fifth consecutive time, Core Laboratories (NYSE: CLB ) turned in a record quarterly earnings report, one in which the company again distributed more money back to shareholders, $1.87 per share, than quarterly earnings per share, $1.43. In a market where cash is king, Core Labs spun 29% of revenue into free cash flow over the past three months while also maintaining the highest return on invested capital ratio of any publicly traded oil and gas service firm.
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This segment is from Thursday's edition of "Digging for Value," in which sector analysts Joel South and Taylor Muckerman discuss energy and materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy and materials sectors, @TMFEnergy.