NexTier Oilfield Solutions Inc.(NEX) Stock Research - Grey Stern Research

NexTier Oilfield Solutions Inc. (NEX) Stock Analysis

$10.61 (0.95%)

NEX Financial Performance


Use the table below to view NexTier Oilfield Solutions Inc.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q2 - 2023

Metric Value Ranking among Peers
Price $10.61 -
52 Week Low $6.66 -
52 Week High $11.99 -
Market Cap $2.4 Billion 4/6
Gross Margin 22% 2/6
Profit Margin 16% 3/6
EBITDA margin 18% 3/6
Q2 - 2023 Revenue $945.1 Million 2/6
Q2 - 2023 Earnings $150.1 Million 1/6
Q2 - 2023 Free Cash Flow $124.3 Million 2/6
Trailing 4 Quarters Revenue $3.6 Billion 2/6
Trailing 4 Quarters Earnings $641.8 Million 1/6
Quarterly Earnings Growth 119% 1/6
Annual Earnings Growth 577% 1/6
Quarterly Revenue Growth 12% 1/6
Annual Revenue Growth 33% 1/6
Cash On Hand $310.2 Million 1/6
Short Term Debt $76.7 Million 2/6
Long Term Debt $379.7 Million 2/6

NexTier Oilfield Solutions Inc. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare NexTier Oilfield Solutions Inc.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 3.78 4/6
PS 0.66 6/6
PB 2.15 3/6
PC 7.82 6/6
Liabilities to Equity 0.92 1/6
ROA 0.30 1/6
ROE 0.57 1/6
Current Ratio 2.09 6/6
Quick Ratio 0.30 3/6
Long Term Debt to Equity 0.34 1/6
Debt to Equity 0.40 1/6
Burn Rate -2.68 4/6
Cash to Cap 0.13 1/6
CCR 0.83 5/6
EV to EBITDA 15.26 4/6
EV to Revenue 0.70 6/6

Company Details

NexTier Oilfield Solutions Inc., through its subsidiaries, provides well completion and production services in various active and demanding basins. The company operates through two segments, Completion Services, and Well Construction and Intervention Services. The Completion Services segment offers hydraulic fracturing services to enhance production of oil and natural gas from formations with low permeability and restricted flow of hydrocarbons; wireline services; and perforating, pumpdown, pipe recovery, pressure pumping, and wellsite make-up and pressure testing services. As of December 31, 2021, it had approximately 2.1 million of fracturing hydraulic horsepower, 101 wireline trucks, and 76 pumpdown units. The Well Construction and Intervention Services segment provides cementing services that incorporate custom engineered mixing and blending equipment to ensure precision and accuracy in providing annulus isolation and hydraulic seal, while protecting fresh water zones from its customers' zone of interest; and engineering software and technical guidance for remedial cementing applications, and acidizing to optimize the performance of its customers' wells. This segment also offers coiled tubing services to help customers in accomplishing various goals in their horizontal completion, workover, and well maintenance projects. As of December 31, 2021, it had approximately 17 coiled tubing units and 74 cementing units. The company serves integrated and large independent oil and natural gas exploration and production companies in the United States and internationally. NexTier Oilfield Solutions Inc. was founded in 1973 and is headquartered in Houston, Texas.

CEO: Mr. Robert Drummond

Website: https://nextierofs.com

Address: 3990 Rogerdale Rd Houston, TEXAS

Exchange: New York Stock Exchange

Industry: Oil & Gas Equipment & Services

NexTier Oilfield Solutions Inc. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to NexTier Oilfield Solutions Inc.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
ProPetro Holding Corp. PUMP $877.0 Million
Liberty Energy Inc. LBRT $3.0 Billion
Select Energy Services, Inc. WTTR $1.5 Billion
Cactus, Inc. WHD $4.5 Billion
Magnolia Oil & Gas Corporation MGY $5.2 Billion
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
NEX Income Statements
Quarter Year Revenue Earnings
Q2 2023 $ 945.1 Million $150.1 Million
Q1 2023 $ 935.7 Million $254.0 Million
Q4 2022 $ 870.9 Million $133.0 Million
Q3 2022 $ 896.0 Million $104.7 Million
Q2 2022 $ 842.9 Million $68.5 Million
Q1 2022 $ 635.0 Million $8.8 Million
Q4 2021 $ 509.7 Million $10.9 Million
Q3 2021 $ 393.2 Million -$44.0 Million

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NEX Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q2 2023 $310.2 Million $2.2 Billion $456.4 Million $1.1 Billion
Q1 2023 $218.5 Million $2.0 Billion $448.4 Million $988.1 Million
Q4 2022 $218.5 Million $1.7 Billion $412.6 Million $789.9 Million
Q3 2022 $250.2 Million $1.8 Billion $418.6 Million $762.9 Million
Q2 2022 $158.1 Million $1.7 Billion $424.3 Million $644.1 Million
Q1 2022 $99.8 Million $1.5 Billion $434.3 Million $565.7 Million
Q4 2021 $110.7 Million $1.5 Billion $441.6 Million $547.0 Million
Q3 2021 $135.5 Million $1.4 Billion $437.8 Million $528.2 Million

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NEX Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q2 2023 $124.3 Million -$101.6 Million $127.5 Million
Q1 2023 $74.1 Million -$99.1 Million $29,000
Q4 2022 $64.6 Million -$79.5 Million -$31.7 Million
Q3 2022 $0 $0 $0
Q2 2022 $0 $0 $0
Q1 2022 -$1.2 Million -$29.8 Million -$10.9 Million
Q4 2021 -$84.8 Million -$53.3 Million -$24.8 Million
Q3 2021 -$82.3 Million -$71.5 Million -$114.9 Million

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