Here is Why Innovex International (INVX) Gained This Week

The share price of Innovex International, Inc. (NYSE:INVX) surged by 3.13% between September 25 and October 2, 2025, putting it among the Energy Stocks that Gained the Most This Week.

Established in 2024 following the merger of Dril-Quip and Innovex Downhole Solutions, Innovex International, Inc. (NYSE:INVX) designs and manufactures offshore drilling and production equipment.

Innovex International, Inc. (NYSE:INVX) gained this week after the company reported that it had completed the sale of its Dril-Quip Eldridge facility for $90 million, resulting in estimated net proceeds of approximately $86.5 million.

Adam Anderson, CEO of Innovex International, Inc. (NYSE:INVX), stated:

“This sale is a meaningful milestone in our transformation journey. The transaction will enhance our already strong net cash position and is significant in size, with expected proceeds equal to nearly 7% of Innovex’s current market cap. Equally as important, this step reshapes our operating footprint: by exiting Eldridge, we are reducing our square footage dedicated to Houston Subsea operations by nearly 80%. We expect this dramatic consolidation to lower costs, simplify operations, and drive efficiencies across the organization. We view this outcome as a powerful combination of financial strength and operational improvement, fully aligned with our strategy of maintaining a lean, flexible cost structure and a conservative balance sheet to capture opportunities across industry cycles.”

Innovex International, Inc. (NYSE:INVX) also received a boost last month after the company revealed that it had been named the exclusive manufacturer and supplier of wellhead systems for OneSubsea.

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