The Evolution of Dril-Quip: A New Chapter as Innovex International

Investors tracking Dril-Quip (DRQ) shares should note a fundamental change: the company no longer operates as an independent entity. A landmark merger with Innovex Downhole Solutions was finalized in September 2024, marking the end of DRQ’s trading on the New York Stock Exchange as of September 6, 2024.

The combined entity commenced operations on September 9, 2024, under the new corporate identity of Innovex International, trading under the ticker symbol INVX. As part of the transaction, former Dril-Quip shareholders were allocated approximately 52% of the shares in the newly formed energy technology powerhouse.

The strategic transformation continued into 2025 with a significant divestiture. In July, Innovex International completed the sale of its entire Subsea Tree product line. This decisive move, concerning a segment that contributed... Read more...