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What changed 10-Q
Item 3. Quantitative and Qualitative Disclosures About Market Risk
2026-05-07 compared with 2025-11-07 · 2 added, 1 removed, 2 unchanged (60% of the section changed)
Quantitative and Qualitative Disclosures about Market Risk
−Removed: The Company is primarily exposed to market risk from changes in interest rates, raw material prices, freight costs and foreign currency exchange rates.
+Added: The Company is primarily exposed to market risk from changes in interest rates, commodity prices, which could impact raw material prices and drilling and completion activity levels, freight costs and foreign currency exchange rates.
+Added: Certain of these market risks could be impacted by the ongoing military conflicts in the Middle East.
There have been no material changes to the quantitative or qualitative disclosures about market risk set forth in Part II, Item 7A “Quantitative and Qualitative Disclosures About Market Risk” of the 2025 Annual Report.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.