- NexTier Oilfield Solutions press release ( NYSE: NEX ): Q3 Non-GAAP EPS of $0.52 beats by $0.05 .
- Revenue of $896M (+127.9% Y/Y) misses by $29.59M .
- Shares -1% .
- Q4 2022 Guidance: Revenue forecasted to be down 2-4%, sequentially, a function of these seasonal factors.
- Capital expenditures for the fourth quarter of 2022 are expected to be approximately $75 to $85 million.
- "With the budgeted fourth quarter capital spend and expected strong profitability in the fourth quarter, we still expect to surpass our free cash flow target of at least $225 million in 2022," report.
For further details see:
NexTier Oilfield Solutions Non-GAAP EPS of $0.52 beats by $0.05, revenue of $896M misses by $29.59M