Dashboard › Demo Universe › Pinnacle Oilfield Services
Pinnacle Oilfield Services · PNOS
DEMO DATAUNDERWRITING ASSUMPTIONHOLDDEMO DATA — fictional company with illustrative numbers.
Pressure pumping and completions provider with modern fleet and low leverage after the last downcycle.
Recommendation
HOLD
2 core test(s) failed
Credit score
80 / 100
Low
Base IRR
7.2%
vs hurdle 12.0%
Downside IRR
4.1%
performing
Severe recovery
100%
IRR 6.5%
Net leverage
2.0x
FY2025A
EBITDA / interest
4.54x
FY2025A
Overview
| Sector / industry | Energy / Pressure Pumping & Services |
| Headquarters | Midland, TX |
| Revenue (FY2025A) | $1.5B |
| EBITDA (FY2025A) | $300M |
| Total debt (face value) | $850M |
| Cash | $260M |
| Net debt | $590M |
| Asset / collateral base | $1.7B |
| Enterprise value (assumed multiple) | $1.6B |
Investment thesis UNDERWRITING ASSUMPTION
Net leverage ~2x with a modern fleet; the secured notes stay money-good even in the severe case at current asset values. Cyclicality caps position size but the risk-reward vs. other energy credit is attractive.
| Instrument | Senior Secured Notes 8.00% |
| Face value / purchase price / cash investment | $100M / 101.5 / $102.0M UNDERWRITING ASSUMPTION |
| Current yield · yield to maturity | 7.9% · 7.4% |
Key protections
- 8% secured coupon with ample coverage
- Fleet value supports recovery
Key risks
- Commodity price downturn
- Customer capex cuts
- Fleet value is cyclically correlated with cash flow
Key catalysts
- E&P budget announcements
- Natural-gas-directed activity
Data-quality notes
- All figures are fictional and illustrative.
Sources & data lineage (3)
| Source | Document | Data type | Period | Accession | Doc date | Retrieved | Class |
|---|---|---|---|---|---|---|---|
| CreditIQ demo dataset | Pinnacle Oilfield Services — illustrative financial statements FY2022–FY2025 | Income statement / cash flow | FY2022–FY2025 | — | 2026-03-31 | 2026-03-31 | DEMO DATA |
| CreditIQ demo dataset | Pinnacle Oilfield Services — illustrative capital structure & covenants | Debt schedule | As of 2026-03-31 | — | 2026-03-31 | 2026-03-31 | DEMO DATA |
| CreditIQ demo dataset | Illustrative indicative bid marks (% of par) | Market price | 2026-03-31 | — | 2026-03-31 | 2026-03-31 | DEMO DATA |