Merged with Patterson-UTI Energy in Sep 2023
NEX - NexTier Oilfield Solutions Inc.
NYSE
->
Energy
->
Oil & Gas Equipment & Services
Houston,
United States
Type: Equity
NEX price evolution
NEX
| (in millions $) | 30 Jun 2023 | 31 Mar 2023 | 31 Jan 2023 | 30 Sep 2022 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $310.17 | $218.5 | $218.48 | $250.21 |
| Short term investments | ||||
| Net receivables | $443.74 | $487.9 | $397.2 | $479.67 |
| Inventory | $73.42 | $66.26 | $66.39 | $60.01 |
| Total current assets | $876.89 | $813.6 | $726.01 | $843.42 |
| Long term investments | ||||
| Property, plant & equipment | $918.94 | $870.11 | $741.89 | $699.7 |
| Goodwill & intangible assets | $241.15 | $241.18 | $243.37 | $245.9 |
| Total noncurrent assets | $1286.67 | $1232.32 | $1001.15 | $958.91 |
| Total investments | ||||
| Total assets | $2163.57 | $2045.92 | $1727.17 | $1802.32 |
| Current liabilities | ||||
| Accounts payable | $347.59 | $335.42 | $202.94 | $288.29 |
| Deferred revenue | ||||
| Short long term debt | $76.71 | $77.08 | $39.94 | $37.43 |
| Total current liabilities | $640.18 | $673.83 | $553.34 | $648.52 |
| Long term debt | $379.66 | $371.33 | $359.35 | $381.14 |
| Total noncurrent liabilities | $394.14 | $383.98 | $383.91 | $390.88 |
| Total debt | $456.37 | $448.42 | $412.56 | $418.58 |
| Total liabilities | $1034.32 | $1057.8 | $937.25 | $1039.4 |
| Shareholders' equity | ||||
| Retained earnings | $177.86 | $27.8 | -$226.19 | -$359.18 |
| Other shareholder equity | $6.54 | $5.06 | $6.28 | $6.27 |
| Total shareholder equity | $1129.25 | $988.12 | $789.92 | $762.93 |
| (in millions $) | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 | 31 Dec 2019 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $218.48 | $110.69 | $275.99 | $255.01 |
| Short term investments | ||||
| Net receivables | $397.2 | $301.74 | $122.58 | $350.76 |
| Inventory | $66.39 | $38.09 | $30.07 | $61.64 |
| Total current assets | $726.01 | $507.71 | $486.78 | $688.05 |
| Long term investments | ||||
| Property, plant & equipment | $741.89 | $684.17 | $509 | $773.42 |
| Goodwill & intangible assets | $243.37 | $257.74 | $155.38 | $192.48 |
| Total noncurrent assets | $1001.15 | $949.87 | $671.11 | $976.85 |
| Total investments | ||||
| Total assets | $1727.17 | $1457.58 | $1157.89 | $1664.91 |
| Current liabilities | ||||
| Accounts payable | $202.94 | $190.96 | $61.26 | $115.25 |
| Deferred revenue | ||||
| Short long term debt | $39.94 | $32.74 | $21.41 | $30.38 |
| Total current liabilities | $553.34 | $471.7 | $220.16 | $386.19 |
| Long term debt | $359.35 | $408.82 | $358.02 | $375.28 |
| Total noncurrent liabilities | $383.91 | $438.86 | $380.44 | $391.94 |
| Total debt | $412.56 | $441.56 | $379.43 | $405.66 |
| Total liabilities | $937.25 | $910.56 | $600.6 | $778.13 |
| Shareholders' equity | ||||
| Retained earnings | -$226.19 | -$541.16 | -$421.74 | -$73.33 |
| Other shareholder equity | $6.28 | -$8.26 | -$13.11 | -$8.78 |
| Total shareholder equity | $789.92 | $547.02 | $557.29 | $886.77 |
| (in millions $) | 30 Jun 2023 | 31 Mar 2023 | 31 Dec 2022 | 30 Sep 2022 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $945.09 | $935.67 | $870.86 | $896.01 |
| Cost of revenue | $676.3 | $673.94 | $632.89 | $682.68 |
| Gross Profit | $268.79 | $261.73 | $237.97 | $213.33 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $39.7 | $39.68 | $36.87 | $37.41 |
| Total operating expenses | $114.25 | $102.26 | $94.17 | $111.01 |
| Operating income | $154.54 | $159.47 | $143.8 | $102.32 |
| Income from continuing operations | ||||
| EBIT | $157.47 | $159.19 | $141.1 | $113.44 |
| Income tax expense | $0.1 | -$101 | $1.6 | $1.56 |
| Interest expense | $7.31 | $6.2 | $6.51 | $7.15 |
| Net income | ||||
| Net income | $150.06 | $253.99 | $132.99 | $104.73 |
| Income (for common shares) | $150.06 | $253.99 | $132.99 | $104.73 |
| (in millions $) | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 | 31 Dec 2019 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $3244.82 | $1423.44 | $1202.58 | $1821.56 |
| Cost of revenue | $2490.09 | $1255.32 | $1032.57 | $1403.93 |
| Gross Profit | $754.73 | $168.12 | $170.01 | $417.62 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $146 | $109.4 | $144.15 | $123.68 |
| Total operating expenses | $422.07 | $273.38 | $501.28 | $501.37 |
| Operating income | $332.65 | -$105.26 | -$331.28 | -$83.75 |
| Income from continuing operations | ||||
| EBIT | $347.91 | -$93.13 | -$324.76 | -$83.3 |
| Income tax expense | $4.56 | $1.69 | $1.47 | $1 |
| Interest expense | $28.38 | $24.61 | $20.65 | $21.86 |
| Net income | ||||
| Net income | $314.97 | -$119.42 | -$346.88 | -$106.16 |
| Income (for common shares) | $314.97 | -$119.42 | -$346.88 | -$106.16 |
| (in millions $) | 30 Jun 2023 | 31 Mar 2023 | 31 Dec 2022 | 30 Sep 2022 |
|---|---|---|---|---|
| Net income | $150.06 | $253.99 | $132.99 | $104.73 |
| Operating activities | ||||
| Depreciation | $63.5 | $58.65 | $58.76 | $56.54 |
| Business acquisitions & disposals | -$6.34 | -$27.18 | ||
| Stock-based compensation | $9.84 | $9.99 | $8.26 | $7.87 |
| Total cash flows from operations | $225.95 | $173.25 | $144.07 | $163.82 |
| Investing activities | ||||
| Capital expenditures | -$120.99 | -$60.51 | -$66.38 | -$29.6 |
| Investments | ||||
| Total cash flows from investing | -$98.44 | -$96.92 | -$50.84 | -$58.42 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | -$18.14 | -$64.97 | -$111.57 | -$2.94 |
| Net borrowings | -$14.31 | -$11.34 | -$9.34 | -$8.96 |
| Total cash flows from financing | -$35.53 | -$76.31 | -$124.79 | -$14.37 |
| Effect of exchange rate | -$0.32 | -$0 | -$0.17 | $1.04 |
| Change in cash and equivalents | $91.67 | $0.03 | -$31.73 | $92.07 |
| (in millions $) | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 | 31 Dec 2019 |
|---|---|---|---|---|
| Net income | $314.97 | -$119.42 | -$346.88 | -$106.16 |
| Operating activities | ||||
| Depreciation | $229.26 | $184.16 | $302.05 | $292.15 |
| Business acquisitions & disposals | -$33.04 | -$68.1 | $53.67 | $68.81 |
| Stock-based compensation | $33.12 | $24.68 | $25.83 | $28.98 |
| Total cash flows from operations | $454.39 | -$50.79 | $68.89 | $305.46 |
| Investing activities | ||||
| Capital expenditures | -$170.04 | -$117.08 | -$89.66 | -$175.68 |
| Investments | ||||
| Total cash flows from investing | -$186.23 | -$163.2 | -$37.84 | -$114.1 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | -$118.86 | -$2.7 | -$2.57 | -$5.98 |
| Net borrowings | -$36.29 | $50.98 | -$7.25 | -$10.76 |
| Total cash flows from financing | -$161.49 | $48.29 | -$9.82 | -$16.75 |
| Effect of exchange rate | $1.12 | $0.41 | -$0.24 | $0.19 |
| Change in cash and equivalents | $107.78 | -$165.29 | $20.98 | $174.81 |
News
Fundamentals
| Market cap | $2.42B |
|---|---|
| Enterprise value | $2.57B |
| Shares outstanding | 228.55M |
| Revenue | $3.65B |
|---|---|
| EBITDA | $808.65M |
| EBIT | $571.21M |
| Net Income | $641.78M |
| Revenue Q/Q | 12.12% |
| Revenue Y/Y | 53.21% |
| P/E ratio | 3.78 |
|---|---|
| EV/Sales | 0.70 |
| EV/EBITDA | 3.18 |
| EV/EBIT | 4.50 |
| P/S ratio | 0.66 |
| P/B ratio | 2.16 |
| Book/Share | 4.91 |
| Cash/Share | 1.36 |
| EPS | $2.81 |
|---|---|
| ROA | 33.17% |
| ROE | 69.94% |
| Debt/Equity | 1.19 |
|---|---|
| Net debt/EBITDA | 0.90 |
| Current ratio | 1.37 |
| Quick ratio | 1.26 |