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.

HOUSTON, Sept. 23, 2021 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today announced that the Company's low-cost, low-carbon innovations will be featured in the September 26, 2021, edition of "EARTH with John Holden" television series airing on Fox Business Network and Bloomberg TV.

NexTier Oilfield Solutions to Appear on "EARTH with John Holden," Airing September 26, 2021

HOUSTON, Aug. 31, 2021 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today announced the successful completion of the previously announced acquisition of all pressure pumping operations of Alamo Pressure Pumping, LLC ("Alamo"), fortifying its position as a leading Permian provider of low carbon well completion solutions. "We are pleased to have Alamo join the NexTier team, which we expect to accelerate and magnify the impact of our low-cost, low-carbon strategy, solidify our market leadership position in next-generation technologies, and enhance long-term shareholder value," said Mr.

NexTier Announces Completion of Acquisition of Alamo Pressure Pumping

HOUSTON, Aug. 23, 2021 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today announced that the Company has recently launched the IntelliStim fracturing optimization system and has completed its first project for a major operator in the Mid-Continent region. The proprietary IntelliStim system packages the full array of NexTier's NexHub® digital technologies into a comprehensive, value-added offering.

NexTier Teams with Silixa to Launch IntelliStimSM Frac Optimization System, Completes First Project in Mid-Continent Region

NexTier Oilfield Solutions Inc. (NEX) Robert Drummond on Q2 2021 Results - Earnings Call Transcript

NexTier Oilfield Solutions (NEX) delivered earnings and revenue surprises of -18.75% and -0.74%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

NexTier Oilfield Solutions (NEX) Reports Q2 Loss, Lags Revenue Estimates

Shares of NexTier Oilfield (NYSE:NEX) rose in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share were up 48.65% year over year to ($0.19), which missed the estimate of ($0.15).

NexTier Oilfield: Q2 Earnings Insights

HOUSTON, Aug. 4, 2021 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today reported second quarter 2021 financial and operational results.  Second Quarter 2021 Results & Recent Highlights Generated total revenue of $292.1 million in Q2 2021, reflecting an increase of 28% compared to Q1 2021 Reported fracturing and integrated wireline revenue of $239.2 million in Q2 2021, reflecting a sequential increase of 27% Reported net loss of $31.8 million in Q2 2021, compared to net loss of $54.5 million in the prior quarter Reported SG&A of $20.7 million in Q2 2021, reflecting an increase of 29% versus Q1 2021 Reported Adjusted SG&A(1) of $20.1 million in Q2 2021, reflecting a sequential decrease of 5% Reported EBITDA of $15.2 million in Q2 2021, reflecting an increase of $18.8 million compared to the prior quarter Reported Adjusted EBITDA(1) of $5.3 million in Q2 2021, compared to $0.7 million in Q1 2021 Averaged 20 deployed and 18 fully-utilized fleets in Q2 2021 vs.

NexTier Announces Second Quarter 2021 Financial and Operational Results

HOUSTON, Aug. 4, 2021 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today announced that it has reached an agreement to acquire 100% of the ownership interests of Alamo Pressure Pumping, LLC ("Alamo") for a transaction valuation of approximately $268 million, as further described below. The transaction is expected to be completed by August 31, 2021, subject to customary closing conditions and approvals.

NexTier Announces Agreement to Acquire Alamo Pressure Pumping

HOUSTON, Aug. 2, 2021 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today announced the commercial launch of its Power Solutions division, a business dedicated to providing comprehensive fueling services to natural gas-powered fleets in the Permian Basin. With today's announcement, NexTier takes another leap forward in our commitment to provide low-cost, low-carbon solutions to the oil and gas industry.

NexTier Announces the Launch of Its Power Solutions Natural Gas Fueling Services in the Permian Basin

HOUSTON, July 23, 2021 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today announced that it will release its second quarter 2021 financial and operating results after market close on Wednesday, August 4, 2021. This release will be followed by a conference call at 7:30 a.m.

NexTier Announces Timing of Second Quarter 2021 Earnings Release and Conference Call

NexTier Oilfield Solutions (NEX) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Here's Why NexTier Oilfield Solutions (NEX) is Poised for a Turnaround After Losing 34.8% in 4 Weeks

HOUSTON, June 10, 2021 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today announced its latest achievement in providing low-cost, low-carbon solutions to the oil and gas industry. NexTier recently field tested the NOV Ideal eFrac pump with power sourced from multiple natural gas reciprocating engines.

NexTier Announces Successful Field Test of Natural Gas-Powered eFrac Engines, Advancing and Expanding Low-Cost, Low-Carbon Strategy

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NexTier Oilfield Solutions Inc. (NEX) CEO Robert Drummond on Q1 2021 Results - Earnings Call Transcript

NexTier Oilfield Solutions (NEX) delivered earnings and revenue surprises of 28.13% and -2.54%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

NexTier Oilfield Solutions (NEX) Reports Q1 Loss, Misses Revenue Estimates

HOUSTON, Texas, May 4, 2021 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today reported first quarter 2021 financial and operational results.  First Quarter 2021 Results and Recent Highlights Generated total revenue of $228.4 million in Q1 2021, reflecting an increase of 6% compared to Q4 2020 Reported fracturing and integrated wireline revenue of $189.0 million in Q1 2021, reflecting an increase of 2% compared to Q4 2020 Reported net loss of $54.5 million in Q1 2021, compared to net loss of $60.2 million in Q4 2020 Reported SG&A of $16.1 million in Q1 2021, reflecting a decrease of 32% versus Q4 2020 Reported Adjusted SG&A(1) of $21.2 million in Q1 2021, reflecting an increase of 3% versus Q4 2020 Reported Adjusted EBITDA(1) of $0.7 million in Q1 2021, compared to $7.7 million in Q4 2020 Reported profitability includes an estimated Q1 2021 storm impact of $10.0 million Averaged 18 deployed and 15 fully-utilized fleets in Q1 2021 vs.

NexTier Announces First Quarter 2021 Financial and Operational Results

HOUSTON, April 13, 2021 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today announced that it will release its first quarter 2021 financial and operating results after market close on Tuesday, May 4, 2021. This release will be followed by a conference call at 7:30 a.m.

NexTier Announces Timing of First Quarter 2021 Earnings Release and Conference Call

HOUSTON, March 18, 2021 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") and NOV, Inc. (NYSE: NOV) ("NOV") today announced the recent completion of the first phase of field testing of NOV's electric fracturing system known as the Ideal™ eFrac pump. The Ideal eFrac pump provides efficient, environmentally conscious hydraulic fracturing capabilities that dramatically reduce emissions, equipment, and complexity at the well site.

NexTier Announces Successful Field Testing of NOV Electric Frac System

NexTier Oilfield Solutions Inc. (NEX) CEO Robert Drummond on Q4 2020 Results - Earnings Call Transcript

HOUSTON, Feb. 15, 2021 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today reported fourth quarter 2020 financial and operational results. Fourth Quarter 2020 Results and Recent Highlights Generated total revenue of $215.1 million in Q4 2020,...

NexTier Announces Fourth Quarter 2020 Financial and Operational Results

NexTier Oilfield Solutions (NEX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate NexTier Oilfield Solutions (NEX) to Report a Decline in Earnings: What to Look Out for

The agreement allows National Oilwell (NOV) and NexTier Oilfield (NEX) to explore the Ideal eFrac's operating capacity on-site as well as under normal working terms and conditions.

National Oilwell and NexTier Unite to Test Electric Frack

HOUSTON--(BUSINESS WIRE)--NOV and NexTier Announce Agreement to Partner on Field Test of Electric Frac System

NexTier and National Oilwell Varco Announce Agreement to Partner on Field Test of Electric Frac System

NexTier Oilfield Solutions Inc. (NEX) CEO Robert Drummond on Q3 2020 Results - Earnings Call Transcript

NexTier (NEX) delivered earnings and revenue surprises of -2.70% and -5.29%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

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