EX-99.2 8 d773596dex992.htm EX-99.2 EX-99.2

Exhibit 99.2

Consent of Citigroup Global Markets Inc.

The Board of Directors

Dril-Quip, Inc.

2050 West Sam Houston Parkway S., Suite 1100

Houston, Texas 77042

The Board of Directors:

We hereby consent to the inclusion of our opinion letter, dated March 17, 2024, to the Board of Directors of Dril-Quip, Inc. (“Dril-Quip”), as Annex B to, and reference to such opinion letter under the headings “SUMMARY — Opinion of Dril-Quip’s Financial Advisor” and “THE MERGERS — Opinion of Dril-Quip’s Financial Advisor” in, the proxy statement/prospectus relating to the proposed transaction involving Dril-Quip and Innovex Downhole Solutions, Inc., which proxy statement/prospectus forms a part of the Registration Statement on Form S-4 of Dril-Quip (the “Registration Statement”). By giving such consent, we do not thereby admit that we are experts with respect to any part of such Registration Statement within the meaning of the term “expert” as used in, or that we come within the category of persons whose consent is required under, the Securities Act of 1933, as amended, or the rules and regulations of the Securities and Exchange Commission promulgated thereunder.

Very truly yours,

/s/ Citigroup Global Markets Inc.

Citigroup Global Markets Inc.

May 1, 2024