ChampionX Corp

CHX: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$87.00	Kwtz	Tjgctjjk

ChampionX Beats Third-Quarter Guidance Due to Strong Global Oil & Gas Production Activity

Katherine Olexa

Oct 26, 2022

ChampionX delivered a strong third quarter, beating the high end of its revenue and EBITDA guidance by 7% and 6%, respectively. We’re slightly raising our fair value estimate to $25 from $23 following results. Our no-moat rating, stable moat trend, and Morningstar Uncertainty Rating of High are unchanged.

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