What is the company's net income for 2020-Q4 and how has it changed compared to the previous quarter?
or that. That makes sense. And then I think everyone's trying to unpack these new energy markets and understand the value chains over the better.
So things like offshore wind, could you maybe just talk about how you perceive differences in those markets compared to your traditional energy markets. Look, in terms of competitive dynamics, contracting terms, pricing, just how would you compare the two in terms of traditional end markets versus these new emerging ones that you're pursuing?
Rod Larson -- President and Chief Executive Officer
You know, if you would've asked me that question, probably, three, four years ago, I would have told you that it's a tough market. The pricing is a little bit harder to get. They contract a little harder than some of our oil field customers. I think number one, things have gotten better there.
I think we're starting to â we're able to establish the value of uptime and new technology and a lot of things. So we're able to place more technology into that market than we have in the past and then establish longer-term relationships. So I think they were alert, and to be fair, they were a little hesitant about -- we will remain interested if there's another pickup in oil and gas. So we built those relationships.
We've turned them into something better. And in the meantime, oil and gas has gotten a little more challenging. So I think it's really rebalanced quite a bit. And we would say that those are good projects to have now.
Alan Curtis -- Senior Vice President and Chief Financial Officer
Yes. And I think, Rod, one of the things I would add is just partnering with them in the development of the SSR vehicles and things of that nature to help them be more efficient in their operations. It's been something we've been very proud of in the last 12 to 18 months and the uptake of that.
Sean Meakim -- J.P. Morgan
I appreciate that. Thanks.
Operator
Your next question comes from the line of Taylor Zurcher from Tudor, Pickering & Holt. Your line is open.
Taylor Zurcher -- Tudor, Pickering, Holt & Co. -- Analyst
Thanks, guys. Good morning. First question is just with respect to the 2021 guidance obviously a big range at the EBITDA line $160 million to $210 million. And I know we still got a ways to go before we close out 2021, but could you just help us think about kind of the probability of outcomes getting to that higher end of the guidance versus the lower end.
And just really trying to get a sense of how confident you feel and get into the midpoint of that guidance about $185 million of EBITDA next year or this year?
Rod Larson -- President and Chief Executive Officer
Sure. I think we feel pretty good because more of the news that's happened most recently is really putting some confidence out there about a more stabilized commodity price and being in that range and I think more confidence about that range. So I think we feel good about say the midpoint and the upper end of the range that it certainly today, it is looking good. But really, that range is going to be most strongly driven by the stability and the level of the commodity price.
As I think about -- I would walk you through sort of the timing of these. If we've got a good near-term commodity price, that's first a lot of the IMR activity that we get those are quick-turn projects. Those barrels are already behind pikes.So if we can help them produce more through their existing wells, they don't need permits for that. Generally speaking, not like a drilling permit.
So there's more that we can do there, especially with a riserless intervention campaign. So that can happen fast drive that range up. Then maybe later in the year, we start to see more recontracts get picked up, better utilization of the contracted rigs. So that helps on the upper end of the range.
And then finally, you'll get some FIDs in the door, getting enough confidence over the longer term that we've been stable for a while at a better level. And that's going to drive more in the manufactured products business too. So it's all about that confidence that is by far the biggest 
or that. That makes sense. And then I think everyone's trying to unpack these new energy markets and understand the value chains over the better.
So things like offshore wind, could you maybe just talk about how you perceive differences in those markets compared to your traditional energy markets. Look, in terms of competitive dynamics, contracting terms, pricing, just how would you compare the two in terms of traditional end markets versus these new emerging ones that you're pursuing?
Rod Larson -- President and Chief Executive Officer
You know, if you would've asked me that question, probably, three, four years ago, I would have told you that it's a tough market. The pricing is a little bit harder to get. They contract a little harder than some of our oil field customers. I think number one, things have gotten better there.
I think we're starting to â we're able to establish the value of uptime and new technology and a lot of things. So we're able to place more technology into that market than we have in the past and then establish longer-term relationships. So I think they were alert, and to be fair, they were a little hesitant about -- we will remain interested if there's another pickup in oil and gas. So we built those relationships.
We've turned them into something better. And in the meantime, oil and gas has gotten a little more challenging. So I think it's really rebalanced quite a bit. And we would say that those are good projects to have now.
Alan Curtis -- Senior Vice President and Chief Financial Officer
Yes. And I think, Rod, one of the things I would add is just partnering with them in the development of the SSR vehicles and things of that nature to help them be more efficient in their operations. It's been something we've been very proud of in the last 12 to 18 months and the uptake of that.
Sean Meakim -- J.P. Morgan
I appreciate that. Thanks.
Operator
Your next question comes from the line of Taylor Zurcher from Tudor, Pickering & Holt. Your line is open.
Taylor Zurcher -- Tudor, Pickering, Holt & Co. -- Analyst
 Thanks, guys. Good morning. First question is just with respect to the 2021 guidance obviously a big range at the EBITDA line $160 million to $210 million. And I know we still got a ways to go before we close out 2021, but could you just help us think about kind of the probability of outcomes getting to that higher end of the guidance versus the lower end.
And just really trying to get a sense of how confident you feel and get into the midpoint of that guidance about $185 million of EBITDA next year or this year?
Rod Larson -- President and Chief Executive Officer
Sure. I think we feel pretty good because more of the news that's happened most recently is really putting some confidence out there about a more stabilized commodity price and being in that range and I think more confidence about that range. So I think we feel good about say the midpoint and the upper end of the range that it certainly today, it is looking good. But really, that range is going to be most strongly driven by the stability and the level of the commodity price.
As I think about -- I would walk you through sort of the timing of these. If we've got a good near-term commodity price, that's first a lot of the IMR activity that we get those are quick-turn projects. Those barrels are already behind pikes.So if we can help them produce more through their existing wells, they don't need permits for that. Generally speaking, not like a drilling permit.
So there's more that we can do there, especially with a riserless intervention campaign. So that can happen fast drive that range up. Then maybe later in the year, we start to see more recontracts get picked up, better utilization of the contracted rigs. So that helps on the upper end of the range.
And then finally, you'll get some FIDs in the door, getting enough confidence over the longer term that we've been stable for a while at a better level. And that's going to drive more in the manufactured products business too. So it's all about that confidence that is by far the biggest 