NexTier Oilfield: Q2 Earnings Insights

Shares of NexTier Oilfield 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).

Revenue of $292,145,000 rose by 48.88% year over year, which missed the estimate of $292,580,000.

Guidance

NexTier Oilfield hasn't issued any earnings guidance for the time being.

NexTier Oilfield hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Aug 04, 2021

Time: 08:30 AM

ET Webcast URL: https://investors.nextierofs.com/ir-event-calendar#future:2021:7

Price Action

52-week high: $5.84

52-week low: $1.58

Price action over last quarter: down 9.46%

Company Description

NexTier Oilfield Solutions Inc is a U.S. land oilfield focused service company. The company has a diverse set of well completion and production services across a variety of active and demanding basins. NexTier operates through two segments viz Completion Services which provides hydraulic fracturing; wireline and pump-down services; and completion support services. While the Well Construction and Intervention Services provides cementing and coiled tubing services.