NEX - Earnings announcements

HOUSTON, July 25, 2023 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE:NEX) ("NexTier" or the "Company") today reported second quarter 2023 financial and operational results. Shareholder return program Repurchased 2.3 million shares for $17.9 million in the second quarter of 2023Through Q2, repurchased a total of 19.7 million shares for $184.2 million, representing 8% of shares outstanding before the commencement of the program in October 2022Second Quarter 2023 Results and Recent Highlights  Total revenue of $945.1 million, a 1% sequential increaseNet income of $150.1 million, or $0.64 per diluted share, compared to $254.0 million, or $1.07 per diluted share in the prior quarter. Net

HOUSTON, June 27, 2023 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE:NEX) ("NexTier" or the "Company") today announced that it will release its second quarter 2023 financial and operating results after market close on Tuesday, July 25, 2023. This release will be followed by a conference call at 10:00 a.m. Central Time (11:00 a.m. Eastern Time) on Wednesday, July 26, 2023. Hosting the call will be Robert Drummond, President and Chief Executive Officer and Kenneth Pucheu, Executive Vice President and Chief Financial Officer. The call can be accessed via a live webcast accessible on the IR Event Calendar page in the Investor Relations section of our website at www.nextierofs.com, or liv

Comprehensive U.S. Oilfield Services Franchise to Enhance Drilling and Completions Value Creation Potential and Maximize Returns for Shareholders Combined $5.4 Billion Total Enterprise Value Drives Improved Free Cash Flow Generation and Strong Balance Sheet to Deliver Long Term Value to Shareholders, Including Continued Commitment to Shareholder Return Program Expected to be Accretive to Earnings per Share and Free Cash Flow per Share in 2024  Expected to Generate Approximately $200 Million of Annual Cost Savings and Operational Synergies Within 18 Months Following Close Curtis Huff to Serve as Chair of the Board; Robert Drummond to Serve as Vice Chair of the Board; Andy Hendricks to Serve a

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 2023Through 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 2022First Quarter 2023 Results and Recent Highlights Total revenue of $935.7 million, a 7% sequential increaseNet 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. Net inco

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. Central Time (11:00 a.m. Eastern Time) on Wednesday, April 26, 2023. Hosting the call will be Robert Drummond, President and Chief Executive Officer and Kenneth Pucheu, Executive Vice President and Chief Financial Officer. The call can be accessed via a live webcast a

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 2022Including 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 2022Full Year 2022 Results Total Revenue of $3.24 billion, up 128% year-over-yearNet Income of $315.0 million ($1.26 per diluted share) compared to a Net Loss of $119.4 m

HOUSTON, Dec. 20, 2022 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE:NEX) ("NexTier" or the "Company") today announced that it will release its fourth quarter 2022 financial and operating results after market close on Wednesday, February 15, 2023. This release will be followed by a conference call at 10:00 a.m. Central Time (11:00 a.m. Eastern Time) on Thursday, February 16, 2023. Hosting the call will be Robert Drummond, President and Chief Executive Officer and Kenneth Pucheu, Executive Vice President and Chief Financial Officer. The call can be accessed via a live webcast accessible on the IR Event Calendar page in the Investor Relations section of our website at www.nextierofs.co

HOUSTON, Oct. 25, 2022 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE:NEX) ("NexTier" or the "Company") today reported third quarter 2022 financial and operational results and announced a $250 million shareholder return program. Third Quarter 2022 Results and Recent Highlights Initiates shareholder return program with share repurchase authorization of up to $250 million through December 31, 2023Total revenue of $896.0 million, a 6% sequential increase and up 128% year-over-yearNet income of $104.7 million ($0.42 per diluted share), compared to $68.5 million ($0.27 per diluted share) in the prior quarter and net loss of $44.0 million in third quarter of 2021Adjusted net income(1) of $

HOUSTON, Sept. 26, 2022 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE:NEX) ("NexTier" or the "Company") today announced that it will release its third quarter 2022 financial and operating results after market close on Tuesday, October 25, 2022. This release will be followed by a conference call at 10:00 a.m. Central Time (11:00 a.m. Eastern Time) on Wednesday, October 26, 2022. Hosting the call will be Robert Drummond, President and Chief Executive Officer and Kenneth Pucheu, Executive Vice President and Chief Financial Officer. The call can be accessed via a live webcast accessible on the IR Event Calendar page in the Investor Relations section of our website at www.nextierofs.com,

HOUSTON, July 26, 2022 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE:NEX) ("NexTier" or the "Company") today reported second quarter 2022 financial and operational results. Second Quarter 2022 Results and Recent Highlights Total revenue of $842.9 million, a 33% sequential increase and 189% year-over-yearAchieved fifth consecutive quarter of 25%+ revenue growthNet income of $68.5 million ($0.27 per diluted share), compared to $8.8 million ($0.04 per diluted share) in the prior quarter and net loss of $31.8 million in second quarter of 2021Adjusted net income(1) of $98.5 million ($0.39 per diluted share), compared to $20.8 million ($0.08 per diluted share) in the prior quarter and adj

HOUSTON, June 28, 2022 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE:NEX) ("NexTier" or the "Company") today announced that it will release its second quarter 2022 financial and operating results after market close on Tuesday, July 26, 2022. This release will be followed by a conference call at 9:00 a.m. Central Time (10:00 a.m. Eastern Time) on Wednesday, July 27, 2022. Hosting the call will be Robert Drummond, President and Chief Executive Officer and Kenneth Pucheu, Executive Vice President and Chief Financial Officer. The call can be accessed via a live webcast accessible on the IR Event Calendar page in the Investor Relations section of our website at www.nextierofs.com, or live

  HOUSTON, April 27, 2022 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE:NEX) ("NexTier" or the "Company") today reported first quarter 2022 financial and operational results. First Quarter 2022 Results and Recent Highlights Total revenue of $635.0 million, a 25% sequential increase. Fourth consecutive quarter of 25%+ revenue growthNet income of $8.8 million ($0.04 per diluted share)Adjusted EBITDA(1) of $83.5 millionCash from operations of $28.7 million and positive free cash flow(1) of $1.7 millionAveraged 33 deployed fleets in the first quarter of 2022, exited with 34 deployed fleetsExited first quarter of 2022 with total liquidity of $348.9 million, including $99.8 million of cas

HOUSTON, March 17, 2022 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE:NEX) ("NexTier" or the "Company") today announced that it will release its first quarter 2022 financial and operating results after market close on Wednesday, April 27, 2022. This release will be followed by a conference call at 9:00 a.m. Central Time (10:00 a.m. Eastern Time) on Thursday, April 28, 2022. Hosting the call will be Robert Drummond, President and Chief Executive Officer and Kenneth Pucheu, Executive Vice President and Chief Financial Officer. The call can be accessed via a live webcast accessible on the IR Event Calendar page in the Investor Relations section of our website at www.nextierofs.com, or l

HOUSTON, Feb. 21, 2022 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE:NEX) ("NexTier" or the "Company") today reported fourth quarter and full year 2021 financial and operational results.  Full Year 2021 Results Reported total revenue of $1.4 billion for the year ended December 31, 2021 Reported net loss of $119.4 million ($0.53 per diluted share) for the year ended December 31, 2021 Reported adjusted net loss(1) of $96.5 million ($0.43 per diluted share) for the year ended December 31, 2021 Reported adjusted EBITDA(1) of $114.0 million for the year ended December 31, 2021Fourth Quarter 2021 Results & Recent Highlights Reported total revenue of $509.7 million in Q4 2021, reflecting a

HOUSTON, Jan. 20, 2022 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE:NEX) ("NexTier" or the "Company") today announced that it will release its fourth quarter 2021 financial and operating results after market close on Monday, February 21, 2022. This release will be followed by a conference call at 9:00 a.m. Central Time (10:00 a.m. Eastern Time) on Tuesday, February 22, 2022. Hosting the call will be Robert Drummond, President and Chief Executive Officer and Kenneth Pucheu, Executive Vice President and Chief Financial Officer. The call can be accessed via a live webcast accessible on the IR Event Calendar page in the Investor Relations section of our website at www.nextierofs.

HOUSTON, Jan. 3, 2022 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE:NEX) ("NexTier" or the "Company") today provided an operational update and guidance for the fourth quarter of 2021.  Fourth Quarter 2021 Guidance & Recent Highlights Total revenue guidance of $500-510 million for Q4 2021, reflecting an increase of more than 25% compared to Q3 2021 Reported adjusted EBITDA(1) guidance of $75-80 million for Q4 2021, includes approximately $18 million in expected gain on sale of assets Averaged 30 deployed and 29 fully-utilized fleets in Q4 2021 vs. 25 deployed and 24 fully-utilized fleets in Q3 2021 Consistent with prior guidance, exited Q4 2021 with 31 deployed fleets with 1 addition

HOUSTON, Nov. 8, 2021 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE:NEX) ("NexTier" or the "Company") today reported third quarter 2021 financial and operational results.  Third Quarter 2021 Results & Recent Highlights Generated total revenue of $393.2 million in Q3 2021, reflecting an increase of 35% compared to Q2 2021 Reported net loss of $44.0 million in Q3 2021, compared to net loss of $31.8 million in the prior quarter Adjusted net loss of $24.3 million in Q3 2021, compared to adjusted net loss of $41.7 million in the prior quarter Reported adjusted EBITDA(1) of $27.8 million in Q3 2021, compared to $5.3 million in Q2 2021 Averaged 25 deployed and 24 fully-utilized fleets in Q

HOUSTON, Oct. 13, 2021 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE:NEX) ("NexTier" or the "Company") today announced that it will release its third quarter 2021 financial and operating results after market close on Monday, November 8th, 2021. This release will be followed by a conference call at 7:30 a.m. Central Time (8:30 a.m. Eastern Time) on Tuesday, November 9th, 2021. Hosting the call will be Robert Drummond, President and Chief Executive Officer and Kenneth Pucheu, Executive Vice President and Chief Financial Officer. The call can be accessed via a live webcast accessible on the IR Event Calendar page in the Investor Relations section of our website at www.nextierofs.com, or

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 2

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. Central Time (8:30 a.m. Eastern Time) on Thursday, August 5, 2021. Hosting the call will be Robert Drummond, President and Chief Executive Officer and Kenneth Pucheu, Executive Vice President and Chief Financial Officer. The call can be accessed via a live webcast accessible on the IR Event Calendar page in the Investor Relations section of our website at www.nextierofs.com, or li