NexTier Oilfield Solutions Inc

NexTier Oilfield Solutions, Inc.is an oilfield service company. It offers completion solutions, hydraulic fracturing, wire line, pump down, coiled tubing, cementing, rig services, special services, and fluids management services. The company operates through the following segments: Completion Services, Well Construction and Intervention Services, and Well Support Services. The Completion Services segment consists of fracturing services, wireline and pumping services, and completion support services, which includes the research and technology (R&T) department. The Well Construction and Intervention Services segment consists of cementing services and coiled tubing services. The Well Support Services segment consists of rig services, fluids management services, and specialty well site services. The company was founded on October 13, 2016 and is headquartered in Houston, TX.

Earnings data Q2 2024

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Nextier Oilfield Solutions has been divided into two segments completion services, wireline and pump-down services, and complete support services. The construction and intervention services offer cementing and coiled tubing services.

After a few tough years, over which oil prices turned negative, NexTier Oilfield Solutions Inc. ( NEX , Financial) is on the verge of massive profitability.

NexTier: A Multiple Adjustment Is Coming

NexTier is deeply discounted at 2.6x forward earnings; unlike other stocks trading at very low multiples, NexTier isn't financially distressed and revenue is growing. The demand for pressure pumping services may weaken in the short run, but NexTier's business model is resilient due to the long-term contracting and technological differentiation of its frac fleets.

NexTier Oilfield Solutions: Another Value Proposition In The Discounted Pressure Pumping Segment

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing NexTier Oilfield Solutions (NEX) Right Now?

NexTier Oilfield Solutions Inc. (NEX) Q1 2023 Earnings Call Transcript.

NexTier Oilfield Solutions Inc. (NEX) Q1 2023 Earnings Call Transcript

NexTier Oilfield Solutions (NEX) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.08 per share a year ago.

NexTier Oilfield Solutions (NEX) Surpasses Q1 Earnings and Revenue Estimates

HOUSTON , April 25, 2023 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today reported first quarter 2023 financial and operational results. Shareholder return program Repurchased 5.9 million shares for $53.4 million in the first quarter of 2023 Through Q1, repurchased a total of 17.4 million shares for $166.4 million, representing 7% of shares outstanding prior to commencement of the program in October 2022 First Quarter 2023 Results and Recent Highlights Total revenue of $935.7 million, a 7% sequential increase Net income of $254.0 million, or $1.07 per diluted share, compared to $133.0 million, or $0.54 per diluted share in the prior quarter.

NexTier Announces First Quarter 2023 Financial and Operational Results

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After the recent rebound in crude oil prices, several energy stocks are starting to stand out going into their first-quarter earnings reports.

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Is NexTier Oilfield Solutions (NEX) Stock Undervalued Right Now?

The average brokerage recommendation (ABR) for NexTier Oilfield Solutions (NEX) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable.

NexTier Oilfield Solutions (NEX) Is Considered a Good Investment by Brokers: Is That True?

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Compared to Wall Street ratings, Seeking Alpha's Quant rankings are likely more objective and often provide a compelling contrast. While Wall Street rates HAL more favorably than NEX, Seeking Alpha's Quant rankings favor NEX over HAL.

NexTier Beats Haliburton On Value And Profitability

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Why Core Laboratories, Gran Tierra Energy, and NexTier Oilfield Solutions Rallied Today

HOUSTON , April 3, 2023 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today announced that it will release its first quarter 2023 financial and operating results after market close on Tuesday, April 25, 2023. This release will be followed by a conference call at 10:00 a.m.

NexTier Announces Timing of First Quarter 2023 Earnings Release and Conference Call

According to the average brokerage recommendation (ABR), one should invest in NexTier Oilfield Solutions (NEX). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic.

Wall Street Analysts See NexTier Oilfield Solutions (NEX) as a Buy: Should You Invest?

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Oilfield Services: Screening And Matrix Evaluation

NexTier is trading at 4x forward EPS and 2.8x EV to EBITDA, with even cheaper valuations possible in 2024. Some of the highest profit margins in the oilfield services industry are available from the company today.

NexTier: Huge Beneficiary Of Oil/Gas Drilling Upturn

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NEX announced solid annual and quarterly results with increased revenues and income. The stock is at a key support level providing investors with a buying opportunity.

NexTier Oilfield Solutions: Undervalued Gem That Could Provide Significant Returns

Should Value Investors Buy NexTier Oilfield Solutions (NEX) Stock?

NexTier Oilfield Solutions Inc. (NYSE:NEX ) Q4 2022 Earnings Conference Call February 16, 2023 11:00 AM ET Company Participants Mike Sabella - Vice President of Investor Relations Robert Drummond - President and Chief Executive Officer Kenny Pucheu - Chief Financial Officer Kevin McDonald - Chief Administrative Officer and General Counsel Conference Call Participants Scott Gruber - Citigroup Stephen Gengaro - Stifel Luke Lemoine - Piper Sandler Derek Podhaizer - Barclays Kurt Hallead - Benchmark Saurabh Pant - Bank of America John Daniel - Daniel Energy Partners Operator Good morning, and welcome to the NexTier Oilfield Solutions Fourth Quarter 2022 Conference Call. As a reminder, today's call is being recorded.

NexTier Oilfield Solutions Inc. (NEX) Q4 2022 Earnings Call Transcript

The oilfield services company is benefiting from strong market conditions.

Why NexTier Oilfield Solutions Stock Is Surging Today

NexTier Oilfield Solutions (NEX) delivered earnings and revenue surprises of 28.26% and 0.04%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

NexTier Oilfield Solutions (NEX) Q4 Earnings Surpass Estimates

HOUSTON , Feb. 15, 2023 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today reported fourth quarter and full year 2022 financial and operational results.  Shareholder return program Repurchased 11.5 million shares for $113.0 million in the fourth quarter of 2022 Including fourth quarter of 2022 repurchases and through February 14, 2023, repurchased a total of 14.4 million shares for $139.2 million, representing 5.8% of shares outstanding prior to commencement of the program in October 2022 Full Year 2022 Results Total Revenue of $3.24 billion, up 128% year-over-year Net Income of $315.0 million ($1.26 per diluted share) compared to a Net Loss of $119.4 million ($0.53 per diluted share) in the previous year Adjusted Net Income(1) of $394.6 million ($1.58 per diluted share) compared to Adjusted Net Loss of $96.5 million ($0.43 per diluted share) in the previous year Adjusted EBITDA(1) of $656.8 million compared to $114.0 million in the previous year Net cash provided by operating activities of $454.4 million Free Cash Flow(1) of $294.9 million Ended 2022 with total liquidity of $633.8 million, including $218.5 million of cash and undrawn ABL; no term loan maturities until 2025 Fourth Quarter 2022 Results & Recent Highlights Total Revenue of $870.9 million, down 3% sequentially Net Income of $133.0 million ($0.54 per diluted share) compared to $104.7 million ($0.42 per diluted share) in the previous quarter Adjusted Net Income of $145.8 million ($0.59 per diluted share) compared to $129.5 million ($0.52 per diluted share) in the previous quarter Adjusted EBITDA of $212.7 million compared to $194.8 million in the previous quarter, with increased profitability across all product and service lines Net cash provided by operating activities of $144.1 million Free Cash Flow of $93.2 million Management Commentary "Operationally, NexTier delivered another very strong quarter with improved profitability and returns, even in a counter-seasonal period," said Robert Drummond, President and Chief Executive Officer of NexTier.

NexTier Announces Fourth Quarter and Full Year 2022 Financial and Operational Results

News for NexTier Oilfield Solutions Inc Stock (NEX)