Welcome to our dedicated page for Nextier Oilfield Solutions news (Ticker: NEX), a resource for investors and traders seeking the latest updates and insights on Nextier Oilfield Solutions stock.
NexTier Oilfield Solutions Inc. (NYSE: NEX), a leading U.S. land oilfield services provider, delivers essential well completion and production services across major basins. This dedicated news hub offers stakeholders timely updates on strategic developments, financial performance, and operational milestones.
Access authoritative information on NEX's industry advancements, including details about its transformative merger with Patterson-UTI Energy to create a $5.4 billion oilfield services leader. The page features verified updates on safety innovations, emissions reduction initiatives, and technological breakthroughs that enhance operational efficiency.
Key content includes earnings reports, merger progress updates, sustainability achievements, and partnership announcements. All materials maintain factual accuracy while avoiding speculative analysis, ensuring compliance with financial disclosure standards.
Bookmark this page for centralized access to NEX's official communications. Regular updates provide investors and industry observers with critical insights into the company's market position and strategic direction within the evolving energy sector.
NexTier Oilfield Solutions (NYSE: NEX) reported significant growth in its first quarter 2022 results. Total revenue reached $635.0 million, marking a 25% sequential increase and achieving the fourth consecutive quarter of over 25% growth. Net income was $8.8 million ($0.04 per diluted share), with adjusted EBITDA at $83.5 million. The company generated $1.7 million in positive free cash flow and maintained total liquidity of $348.9 million. Looking ahead, NexTier anticipates over 20% revenue growth in Q2 2022 and increased adjusted EBITDA margins, projecting free cash flow exceeding $150 million for the year.
NexTier Oilfield Solutions (NYSE: NEX) is set to release its first quarter 2022 financial results after market close on April 27, 2022. A conference call will follow on April 28, 2022 at 9:00 a.m. Central Time hosted by CEO Robert Drummond and CFO Kenneth Pucheu. Interested parties can access the call via a live webcast or by telephone. A replay of the call will be available until May 5, 2022.
NexTier is a leading oilfield service company, focusing on innovative and efficient solutions in the energy sector.
NexTier Oilfield Solutions reported Q4 and full year 2021 results, showcasing a revenue growth to $1.4 billion for the year, compared to $1.2 billion in 2020. A net loss of $119.4 million equates to $0.53 per diluted share. In Q4 alone, total revenue reached $509.7 million, a 30% increase from Q3, with a net income of $10.9 million. Adjusted EBITDA for Q4 was $80.2 million, including a $21.2 million asset sale gain. The company anticipates continued revenue growth, driven by strong market conditions and plans for further fleet expansion.
NexTier has announced its Virtual Investor Day scheduled for March 3, 2022, from 9:00 am to 1:00 pm CT. The event will feature key business leaders discussing the company's strategy on integrated well completion services aimed at reducing costs and emissions. Management will present insights into how this strategy is expected to enhance NexTier's future earnings power. The event will also include a Q&A session with the management team.
NexTier Oilfield Solutions Inc. (NYSE: NEX) will release its fourth quarter 2021 financial results after market close on February 21, 2022. A conference call, hosted by CEO Robert Drummond and CFO Kenneth Pucheu, will follow on February 22, 2022, at 9:00 a.m. CT. The call can be accessed via webcast or telephone. A replay will be available until March 2, 2022. NexTier offers integrated oilfield services focused on safety, efficiency, partnership, and innovation in high-demand U.S. basins.
NexTier Oilfield Solutions Inc. (NYSE: NEX) announced on January 6, 2022, the appointment of Bernardo Rodriguez as an independent director, expanding its Board of Directors from nine to ten members. Rodriguez, who has extensive experience in digital transformation and strategy, currently serves as Chief Digital Officer at J.D. Power. His appointment, effective January 5, 2022, is aimed at strengthening the Board's capabilities and enhancing NexTier's future growth strategy, as highlighted by Chairman Patrick Murray and CEO Robert Drummond.
NexTier Oilfield Solutions Inc. (NEX) announced its fourth-quarter 2021 operational update, projecting revenues of $500-510 million, reflecting a growth of over 25% from Q3. The adjusted EBITDA is expected to be $75-80 million, including a one-time asset sale gain of $18 million. The company saw a rise in deployed fleets from 25 to 30 and aims for 32 fleets in Q1 2022. Management expressed confidence in a robust demand for onshore completion services, despite challenges from COVID-19 and supply chain disruptions.
NexTier Oilfield Solutions reported Q3 2021 results, generating revenue of $393.2 million, a 35% increase from Q2 2021. The company reported a net loss of $44.0 million versus $31.8 million in the previous quarter. Adjusted EBITDA rose significantly to $27.8 million from $5.3 million. The Q3 results include one month of performance from the acquired Alamo Pressure Pumping. Total liquidity stands at $289.6 million, with no debt maturities until 2025. Management remains optimistic about demand for completion services heading into 2022.
NexTier Oilfield Solutions Inc. (NYSE: NEX) will release its third quarter 2021 financial and operating results after market close on November 8, 2021. A conference call, hosted by CEO Robert Drummond and CFO Kenneth Pucheu, is scheduled for November 9, 2021, at 7:30 a.m. Central Time. Investors can access the call via a webcast on the company's website or by phone. A replay will be available until November 16, 2021. NexTier is a leading U.S. land oilfield service company, focusing on efficiency and innovation in well completion and production services.
NexTier Oilfield Solutions (NYSE: NEX) announced the appointment of Michael Sabella as Vice President of Investor Relations & Business Development, effective October 6, 2021. Sabella will enhance investor communication and business development efforts, collaborating with the executive team to convey the Company's strategies and performance. He brings extensive experience from his previous roles at Bank of America, Morgan Stanley, Citigroup, and Moody's. This move aims to strengthen stakeholder relations and explore growth opportunities.
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