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.

Patterson-UTI Energy

HOUSTON, TX / ACCESSWIRE / August 30, 2023 / Patterson-UTI Energy, Inc. (NASDAQ:PTEN) ("Patterson-UTI") and NexTier Oilfield Solutions Inc. (NYSE:NEX) ("NexTier") today announced that, at separate special meetings held earlier today, both companies' shareholders voted in favor of all proposals necessary for the closing of the previously announced all-stock merger of equals transaction. Andy Hendricks, Chief Executive Officer of Patterson-UTI, commented, "We are pleased with the overwhelming support of shareholders for our pending transaction with NexTier.

Shareholders of Patterson-UTI Energy and NexTier Oilfield Solutions Approve Merger of Equals

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NexTier Oilfield Solutions Inc. offers a profitable alternative to investing directly in oil companies, with strong shareholder returns through buybacks. The company is driving shareholder value through its buyback program, allocating around 50% of all FCF to repurchasing shares. NexTier aims to reach zero net debt by 2023, generating significant FCF and benefiting shareholders through buybacks.

NexTier Oilfield Solutions: Discounted Valuation And Strong Outlook

HOUSTON , Aug. 17, 2023 /PRNewswire/ -- Surge Energy US Holdings Company ("Surge" or the "Company") announces jointly with NexTier Oilfield Solutions ("NexTier") record-breaking completion efficiency in the second quarter as well as emissions reductions. Surge has utilized a NexTier completion crew as the Company's dedicated crew since the fourth quarter of 2022.

Surge Energy America and NexTier Oilfield Solutions Announce Record-Breaking Completion Efficiency and Emissions Reductions Through Strong Partnership

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of NexTier Oilfield Solutions Inc. (NYSE: NEX) to Patterson-UTI Energy, Inc. (NASDAQ: PTEN). Under the terms of the proposed transaction, shareholders of NexTier will receive 0.7520 shares of Patterson for each share of NexTier that they own. KSF is seeking to determine whether this consideration and the process.

NEXTIER OILFIELD INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of NexTier Oilfield Solutions Inc. - NEX

HOUSTON, TX / ACCESSWIRE / July 28, 2023 / Patterson-UTI Energy, Inc. (NASDAQ:PTEN) ("Patterson-UTI") and NexTier Oilfield Solutions Inc. (NYSE:NEX) ("NexTier") today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act"), in connection with the previously announced all-stock merger of equals transaction. The expiration of the waiting period under the HSR Act satisfies one condition needed to close the merger, which remains on track to occur this year.

Patterson-UTI and NexTier Oilfield Solutions Announce Expiration of Hart-Scott Rodino Waiting Period for Pending Merger

NexTier Oilfield Solutions Inc. (NYSE:NEX ) Q2 2023 Earnings Conference Call July 26, 2023 11:00 AM ET Company Participants Robert Drummond - President, Chief Executive Officer Kenny Pucheu - Chief Financial Officer Matt Gillard - Chief Operating Officer Kevin McDonald - Chief Administrative Officer, General Counsel Mike Sabella - Vice President of Investor Relations Conference Call Participants Luke Lemoine - Piper Sandler Arun Jayaram - JPMorgan Derek Podhaizer - Barclays Stephen Gengaro - Stifel Sean Mitchell - Daniel Energy Partners Connor Jensen - Capital Markets Operator Good morning and welcome to the NexTier Oilfield Solutions, Second Quarter 2023 Conference Call. As a reminder, today's call is being recorded.

NexTier Oilfield Solutions Inc. (NEX) Q2 2023 Earnings Call Transcript

NexTier Oilfield Solutions (NEX) came out with quarterly earnings of $0.68 per share, missing the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.39 per share a year ago.

NexTier Oilfield Solutions (NEX) Q2 Earnings and Revenues Lag Estimates

Although the revenue and EPS for NexTier Oilfield Solutions (NEX) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, NexTier Oilfield Solutions (NEX) Q2 Earnings: A Look at Key Metrics

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 2023 Through 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 2022 Second Quarter 2023 Results and Recent Highlights  Total revenue of $945.1 million, a 1% sequential increase Net 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.

NexTier Announces Second Quarter 2023 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.

NexTier Oilfield Solutions (NEX) Earnings Expected to Grow: Should You Buy?

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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.

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

Patterson-UTI And NexTier Oilfield Merger: Which Stock's Investors Benefit More?

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Oilfield Services Growing Faster Than Wider Energy Sector

HOUSTON , June 20, 2023 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (the "Company") announced that Robert W. Drummond, the Company's President and Chief Executive Officer, will present at the J.P.

NexTier Oilfield Solutions CEO Robert Drummond and Patterson-UTI Energy CEO Andy Hendricks to Participate in a Joint Fireside Chat at the J.P. Morgan Energy, Power & Renewables Conference

The current stockholders of Patterson-UTI Energy (PTEN) will own approximately 55% of the combined company, with NexTier Oilfield Solutions (NEX) shareholders owning the rest.

Patterson-UTI, NexTier Combine to Create Oil Services Giant

NexTier Oilfield Solutions (NEX) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

NexTier Oilfield Solutions (NEX) Moves 6.7% Higher: Will This Strength Last?

Shares of Patterson UTI Energy Inc. NASDAQ: PTEN and NexTier Oilfield Solutions NYSE: NEX were both trading higher on June 15 following news that the companies agreed to combine in a merger of equals.

Is NexTier-Patterson UTI Deal A Sign Of More Consolidation Ahead?

NEW YORK , June 15, 2023 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by NexTier Oilfield Solutions Inc. (NYSE: NEX) and its board of directors concerning the proposed merger of the company with Patterson-UTI Energy, Inc. (NASDAQ: PTEN). Stockholders will receive 0.7520 shares of Patterson-UTI common stock for each share of NexTier stock that they hold and will own approximately 45% of the combined company.

ALERT: Rowley Law PLLC is Investigating Proposed Merger of NexTier Oilfield Solutions Inc.

MILWAUKEE , June 15, 2023 /PRNewswire/ -- Ademi LLP is investigating NexTier (NYSE: NEX) for possible breaches of fiduciary duty and other violations of law in its transaction with Patterson-UTI.  Click here to learn how to join the action https://www.ademilaw.com/case/nextier-oilfield-solutions-inc or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether NexTier Oilfield Solutions Inc. has obtained a Fair Price in its transaction with Patterson-UTI

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of NexTier Oilfield Solutions Inc. (NYSE: NEX) to Patterson-UTI Energy, Inc. for 0.7520 shares of Patterson-UTI common stock for each share of NexTier common stock is fair to NexTier shareholders. Upon closing of the transaction, NexTier shareholders will own approximately 45% of the combined company. Halper Sadeh encourages NexTier shareholders to click here to learn more about their leg.

NEX Stock Alert: Halper Sadeh LLC is Investigating Whether the Sale of NexTier Oilfield Solutions Inc. is Fair to Shareholders

Patterson-UTI Energy Inc. PTEN, -3.30% said Thursday it has reached an agreement to combine with NexTier Oilfield Solutions Inc . NEX, -1.55% in an all-stock deal with an enterprise value of $5.4 billion.

Patterson-UTI Energy to merge with NexTier Oilfield in deal with enterprise value of about $5.4 billion

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 as CEO Companies to Host Conference Call Today at 7:30 a.m. CT (8:30 a.m.

Patterson-UTI Energy and NexTier Oilfield Solutions to Combine in Merger of Equals, Creating Industry Leading Drilling and Completions Services Provider

NexTier Oilfield Solutions and Patterson-UTI Energy are discussing a deal that would create a bigger player in a consolidating industry.

News for NexTier Oilfield Solutions Inc Stock (NEX)