OverviewSuggest Edit

NexTier Oilfield Solutions is a land oilfield focused service company. It's organized into three reportable segments: Completion Services, Well Construction and Intervention Services, and Well Support Services. The Completion Services segment consists of fracturing, wireline and pumping, and completion support services that include its research and technology department. The Well Construction and Intervention Services segment provides cementing and coiled tubing services. The Well Support Services segment offers rig, fluids management, and specialty well site services.

TypePublic
Founded2019
HQHouston, TX, US
Websitenextierofs.com
Employee Ratings3.1

Latest Updates

Employees (est.) (Dec 2019)6,525
Job Openings87
Revenue (FY, 2020)$1.2 B(-33%)
Share Price (Jun 2021)$5.7(+7%)
Cybersecurity ratingBMore

Key People/Management at NexTier Oilfield Solutions

Robert Drummond

Robert Drummond

President & Chief Executive Officer
Kenneth Pucheu

Kenneth Pucheu

Executive Vice President & Chief Financial Officer
Kevin McDonald

Kevin McDonald

Executive Vice President, Chief Administrative Officer & General Counsel
Phung Ngo-Burns

Phung Ngo-Burns

Chief Accounting Officer & Treasurer
Ian Henkes

Ian Henkes

Senior Vice President – Operations
Ida Ashley

Ida Ashley

Senior Vice President – Human Resources
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NexTier Oilfield Solutions Office Locations

NexTier Oilfield Solutions has offices in Houston, Brighton, Canonsburg, Cheyenne and in 18 other locations
Houston, TX, US (HQ)
3990 Rogerdale Rd
Brighton, CO, US
821 Co Rd 27
Canonsburg, PA, US
4000 Town Center Blvd
Cheyenne, WY, US
2503 E Fox Farm Rd
Denver, CO, US
475 17th St #850
Dickinson, ND, US
2225 W Villard St
Show all (24)

NexTier Oilfield Solutions Financials and Metrics

NexTier Oilfield Solutions Revenue

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NexTier Oilfield Solutions's revenue was reported to be $1.2 b in FY, 2020
USD

Revenue (Q1, 2021)

228.4m

Gross profit (Q1, 2021)

10.6m

Gross profit margin (Q1, 2021), %

4.7%

Net income (Q1, 2021)

(54.5m)

EBIT (Q1, 2021)

(46.7m)

Market capitalization (15-Jun-2021)

1.2b

Closing stock price (15-Jun-2021)

5.7

Cash (31-Mar-2021)

271.6m

EV

1.3b
NexTier Oilfield Solutions's current market capitalization is $1.2 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

1.5b2.1b1.8b1.2b

Revenue growth, %

39%(15%)

Cost of goods sold

1.3b1.7b1.4b1.0b

Gross profit

259.5m476.5m417.6m170.0m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

513.0m578.5m558.9m421.7m427.7m444.0m627.6m196.2m163.7m228.4m

Cost of goods sold

403.4m447.7m436.8m337.6m324.5m333.4m512.2m178.8m150.1m217.8m

Gross profit

109.6m130.8m122.1m84.0m103.2m110.5m115.4m17.5m13.6m10.6m

Gross profit Margin, %

21%23%22%20%24%25%18%9%8%5%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

96.1m80.2m255.0m276.0m

Accounts Receivable

238.0m210.4m350.8m122.6m

Prepaid Expenses

8.5m5.8m20.5m58.0m

Inventories

33.4m35.7m61.6m30.1m
Quarterly
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(36.1m)59.3m(106.2m)(346.9m)

Depreciation and Amortization

159.3m259.1m292.2m302.1m

Inventories

(15.5m)(2.7m)17.2m19.2m

Accounts Payable

(141.0k)11.3m(17.8m)(61.7m)
Quarterly
USDFY, 2017

Debt/Equity

0.6 x

Debt/Assets

0.3 x

Financial Leverage

2 x
Show all financial metrics

NexTier Oilfield Solutions Operating Metrics

FY, 2017FY, 2018FY, 2019

Coiled Tubing Units

25

Hydraulic Fracturing Fleets

262945

Pumpdown Units

80

Wireline Trucks

3134118
Show all operating metrics

NexTier Oilfield Solutions Acquisitions / Subsidiaries

Company NameDateDeal Size
C&JOctober 31, 2019$485.1 m
RockPile Energy Services LLCJuly 03, 2017$276 m
Trican Well Service, L.P.March 31, 2016
Ultra Tech Frac ServicesDecember 31, 2013
Calmena Energy ServicesApril 30, 2013
CJES Insurance (Texas), Inc.
C&J International B.V.
Keane Group Holdings, LLC
KGH Intermediate Holdco II, LLC
KGH Intermediate Holdco I, LLC
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NexTier Oilfield Solutions Revenue Breakdown

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NexTier Oilfield Solutions revenue breakdown by business segment: 93.9% from Completion Services and 6.1% from Other

NexTier Oilfield Solutions revenue breakdown by geographic segment: 48.0% from West Texas, 6.0% from Central, 26.6% from Northeast, 18.7% from West and 0.7% from Other

NexTier Oilfield Solutions Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

SecurityScorecard logo

NexTier Oilfield Solutions Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

NexTier Oilfield Solutions Online and Social Media Presence

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NexTier Oilfield Solutions News and Updates

NexTier and National Oilwell Varco Announce Agreement to Partner on Field Test of Electric Frac System

NexTier Oilfield Solutions Inc. (NYSE: NEX) (“NexTier”) and National Oilwell Varco, Inc. (NYSE: NOV) (“NOV”) today announced that the two companies recently entered into an agreement to collaboratively field test NOV’s electric fracturing system known as the Ideal™ eFrac fleet.

NexTier Oilfield Solutions Inc to Host Earnings Call

NexTier Oilfield Solutions Inc (NYSE:NEX) will be discussing their earnings results in their 2020 Third Quarter Earnings call to be held on November 4, 2020 at 8:30 AM Eastern Time.

NexTier Announces Third Quarter 2020 Financial and Operational Results

NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today reported third quarter 2020 financial and operational results.

NexTier Announces Timing of Third Quarter 2020 Earnings Release and Conference Call

NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today announced that it will release its third quarter 2020 financial and operating results after market close on Tuesday, November 3, 2020. This release will be followed by a conference call at 7:30 a.m. Central Time (8:30 a.m…

NexTier Bank Teams Up To Provide Donation To Armstrong Co. Food Bank

The Armstrong County Community Food Bank is receiving additional funding thanks to a donation from NexTier Bank. NexTier and Armstrong County Community Foundation teamed together to raise and provide a donation of $12,600 to the food bank.

NexTier to Participate in Upcoming Virtual Conferences

NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today announced that members of its management team plan to participate in the following upcoming virtual investor conferences: Barclays CEO Energy-Power Conference on Wednesday, September 9, 2020 BofA Digital Energy Day on…

NexTier Oilfield Solutions Frequently Asked Questions

  • When was NexTier Oilfield Solutions founded?

    NexTier Oilfield Solutions was founded in 2019.

  • Who are NexTier Oilfield Solutions key executives?

    NexTier Oilfield Solutions's key executives are Robert Drummond, Kenneth Pucheu and Kevin McDonald.

  • How many employees does NexTier Oilfield Solutions have?

    NexTier Oilfield Solutions has 6,525 employees.

  • What is NexTier Oilfield Solutions revenue?

    Latest NexTier Oilfield Solutions annual revenue is $1.2 b.

  • What is NexTier Oilfield Solutions revenue per employee?

    Latest NexTier Oilfield Solutions revenue per employee is $184.3 k.

  • Who are NexTier Oilfield Solutions competitors?

    Competitors of NexTier Oilfield Solutions include Ranger Energy Services, Pioneer Energy Services and Forbes Energy Services.

  • Where is NexTier Oilfield Solutions headquarters?

    NexTier Oilfield Solutions headquarters is located at 3990 Rogerdale Rd, Houston.

  • Where are NexTier Oilfield Solutions offices?

    NexTier Oilfield Solutions has offices in Houston, Brighton, Canonsburg, Cheyenne and in 18 other locations.

  • How many offices does NexTier Oilfield Solutions have?

    NexTier Oilfield Solutions has 24 offices.