Brief: Nextier Oilfield Solutions Q2 Adjusted Earnings Per Share $0.39

Nextier Oilfield Solutions

26/07/2022 22:31

Nextier Oilfield Solutions Inc  NEX.N :
    * NEXTIER ANNOUNCES SECOND QUARTER 2022 FINANCIAL AND
OPERATIONAL
RESULTS
    * Q2 REVENUE ROSE 189 PERCENT TO $842.9 MILLION
    * Q2 ADJUSTED EARNINGS PER SHARE $0.39
    * Q2 EARNINGS PER SHARE $0.27
    * Q2 EARNINGS PER SHARE VIEW $0.34, REVENUE VIEW $823.4
MILLION --
REFINITIV IBES DATA
    * INDUSTRY FUNDAMENTALS REMAIN POSITIVE IN Q3 OF 2022
    * WE DO NOT EXPECT TO ADD ANY ADDITIONAL HORSEPOWER TO
MARKET FOR
REMAINDER OF 2022
    * FOR Q3 OF 2022 WE ANTICIPATE SEQUENTIAL REVENUE GROWTH OF
8-10%
    * NOW EXPECT TO GENERATE FREE CASH FLOW IN EXCESS OF $225
MILLION
IN 2022
    * EXPECT Q3 OF 2022 TO SEE IMPROVED PROFITABILITY AND
EXPANDED
MARGINS RELATIVE TO Q2 OF 2022
    * SEASONALLY, Q3 IS TYPICALLY STRONGEST QUARTER OF YEAR, AND
WE
EXPECT THIS WILL AGAIN BE CASE THIS YEAR

Source text for Eikon:  ID:nPngMyz3a 
Further company coverage:  NEX.N