- NexTier Oilfield Solutions press release ( NYSE: NEX ): Q4 Non-GAAP EPS of -$0.59 misses by $1.01 .
- Revenue of $870.9M (+70.9% Y/Y) misses by $0.95M .
- Adjusted EBITDA of $212.7 million compared to $194.8 million in the previous quarter, with increased profitability across all product and service lines
- Net cash provided by operating activities of $144.1 million
- Free Cash Flow of $93.2 million
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Full Year 2022 Results
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Total Revenue of $3.24 billion, up 128% year-over-year
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Net Income of $315.0 million ($1.26 per diluted share) compared to a Net Loss of $119.4 million ($0.53 per diluted share) in the previous year
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Adjusted Net Income of $394.6 million ($1.58 per diluted share) compared to Adjusted Net Loss of $96.5 million ($0.43 per diluted share) in the previous year
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Adjusted EBITDA of $656.8 million compared to $114.0 million in the previous year
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Net cash provided by operating activities of $454.4 million
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Free Cash Flow of $294.9 million
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Ended 2022 with total liquidity of $633.8 million, including $218.5 million of cash and undrawn ABL; no term loan maturities until 2025
For further details see:
NexTier Oilfield Solutions Non-GAAP EPS of -$0.59 misses by $1.01, revenue of $870.9M misses by $0.95M