Overview
NexTier Oilfield Solutions Inc. is a predominately US land-focused oilfield service company, with a diverse set of well completion and production services across a variety of active and demanding basins. The company provides its services through its operating subsidiaries to exploration and production (E&P) customers. Its primary service offerings include hydraulic fracturing, wireline and pumping services. NexTier also offer ESG Solutions including
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Read More Duel-Fuel Frac, Power Solutions, Optimized Trucking and Fuel Reduction. The company was founded in 1997 as C&J, a one-truck pumping operation.
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Read More Duel-Fuel Frac, Power Solutions, Optimized Trucking and Fuel Reduction. The company was founded in 1997 as C&J, a one-truck pumping operation.
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Robert W Drummond
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Support Activities for Mining
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Mining, Quarrying, and Oil and Gas Extraction
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Contacts
Get in Touch with 7 Principals* and 521 Contacts
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Robert W DrummondPresident and Chief Executive Officer
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Financial Statements
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Financial data as of ? (12 month period) in USD
Annual Revenue 2022
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USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2022 | 2021 | 2020 |
|---|---|---|---|
| Net Operating Cash | $454 | -$51 | $69 |
| Net Investing Cash | -$186 | -$163 | -$38 |
| Net Financing Cash | -$161 | $48 | -$10 |
| Net Change in Cash | $107 | -$166 | $21 |
| Cash at Beginning of Period | $111 | $276 | $255 |
| Cash at End of Period | $218 | $111 | $276 |
| Capital Expenditure | -$225 | -$188 | -$124 |
| Assets (mil) | 2022 | 2021 | 2020 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $218 | $111 | $276 |
| Accounts Receivable | $397 | $302 | $123 |
| Inventories | $66 | $38 | $30 |
| Other Current Assets | $44 | $57 | $58 |
| Asset Summary | |||
| Total Current Assets | $726 | $508 | $487 |
| Tangible Fixed Assets | $742 | $684 | $509 |
| Intangible Assets | $51 | $65 | $51 |
| Total Assets | $1,727 | $1,458 | $1,158 |
| Liabilities (mil) | 2022 | 2021 | 2020 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $203 | $191 | $61 |
| Short-Term Debt | $14 | $13 | $2 |
| Other Current Liabilities | $336 | $267 | $157 |
| Liability Summary | |||
| Total Current Liabilities | $553 | $472 | $220 |
| Long-Term Debt | $347 | $362 | $333 |
| Other Long-Term Liabilities | $11 | $30 | $22 |
| Total Liabilities | $937 | $911 | $601 |
| Stakeholder's Equity (mil) | 2022 | 2021 | 2020 |
|---|---|---|---|
| Equity | |||
| Common Stock | $2 | $2 | $2 |
| Retained Earnings | -$226 | -$541 | -$422 |
| Equity Summary | |||
| Total Equity | $790 | $547 | $557 |
| Shares Outstanding | 233,995,000 | 242,019,000 | 214,440,000 |