NexTier Oilfield Solutions Inc.

EDGAR

79 filing records in this dataset, filed from 2016-12-14 to 2023-07-26. Reported financial figures are available; chart coverage varies by period.

Watchlist

Latest quarter

Revenue

945 million USD

2023 Q2 · USD

Exact inputs and evidence

Operating margin

16.35%

2023 Q2 · %

Exact inputs and evidence
  • Operating Income: 154544000 USD Source
  • Revenue: 945091000 USD Source

Operating cash flow

226 million USD

2023 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 399207000 USD Source
  • Operating Cash Flow: 173253000 USD Source

Free cash flow

106 million USD

2023 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 399207000 USD Source
  • Operating Cash Flow: 173253000 USD Source
  • Capital Expenditure: 181427000 USD Source
  • Capital Expenditure: 61026000 USD Source
Cash and cash equivalents
310 million USD Source
Exact value

310200000 USD

Long-term debt including current maturities
355 million USD Source
Exact value

354503000 USD

Shares outstanding
229 million shares Source
Exact value

228549000 shares

Reported share-count change

-5.57% · -13.5 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 242019000 shares · 2022-06-30· Source
  • 228549000 shares · 2023-06-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

3.65 billion USD

2022-07-01 – 2023-06-30

Exact inputs and evidence
  • Revenue: 896010000 USD · 2022-07-01 – 2022-09-30 Source
  • Revenue: 3244822000 USD · 2022-01-01 – 2022-12-31 Source
  • Revenue: 2373965000 USD · 2022-01-01 – 2022-09-30 Source
  • Revenue: 935672000 USD · 2023-01-01 – 2023-03-31 Source
  • Revenue: 945091000 USD · 2023-04-01 – 2023-06-30 Source

Net income

642 million USD

2022-07-01 – 2023-06-30

Exact inputs and evidence
  • Net income: 104734000 USD · 2022-07-01 – 2022-09-30 Source
  • Net income: 314969000 USD · 2022-01-01 – 2022-12-31 Source
  • Net income: 181984000 USD · 2022-01-01 – 2022-09-30 Source
  • Net income: 253993000 USD · 2023-01-01 – 2023-03-31 Source
  • Net income: 150064000 USD · 2023-04-01 – 2023-06-30 Source

Operating cash flow

707 million USD

2022-07-01 – 2023-06-30

Exact inputs and evidence
  • Operating cash flow: 310321000 USD · 2022-01-01 – 2022-09-30 Source
  • Operating cash flow: 146500000 USD · 2022-01-01 – 2022-06-30 Source
  • Operating cash flow: 454391000 USD · 2022-01-01 – 2022-12-31 Source
  • Operating cash flow: 310321000 USD · 2022-01-01 – 2022-09-30 Source
  • Operating cash flow: 173253000 USD · 2023-01-01 – 2023-03-31 Source
  • Operating cash flow: 399207000 USD · 2023-01-01 – 2023-06-30 Source
  • Operating cash flow: 173253000 USD · 2023-01-01 – 2023-03-31 Source

Capital expenditure

316 million USD

2022-07-01 – 2023-06-30

Exact inputs and evidence
  • Capital expenditure: 136770000 USD · 2022-01-01 – 2022-09-30 Source
  • Capital expenditure: 81290000 USD · 2022-01-01 – 2022-06-30 Source
  • Capital expenditure: 215418000 USD · 2022-01-01 – 2022-12-31 Source
  • Capital expenditure: 136770000 USD · 2022-01-01 – 2022-09-30 Source
  • Capital expenditure: 61026000 USD · 2023-01-01 – 2023-03-31 Source
  • Capital expenditure: 181427000 USD · 2023-01-01 – 2023-06-30 Source
  • Capital expenditure: 61026000 USD · 2023-01-01 – 2023-03-31 Source

Free cash flow

392 million USD

2022-07-01 – 2023-06-30

Exact inputs and evidence
  • Operating cash flow: 310321000 USD · 2022-01-01 – 2022-09-30 Source
  • Operating cash flow: 146500000 USD · 2022-01-01 – 2022-06-30 Source
  • Operating cash flow: 454391000 USD · 2022-01-01 – 2022-12-31 Source
  • Operating cash flow: 310321000 USD · 2022-01-01 – 2022-09-30 Source
  • Operating cash flow: 173253000 USD · 2023-01-01 – 2023-03-31 Source
  • Operating cash flow: 399207000 USD · 2023-01-01 – 2023-06-30 Source
  • Operating cash flow: 173253000 USD · 2023-01-01 – 2023-03-31 Source
  • Capital expenditure: 136770000 USD · 2022-01-01 – 2022-09-30 Source
  • Capital expenditure: 81290000 USD · 2022-01-01 – 2022-06-30 Source
  • Capital expenditure: 215418000 USD · 2022-01-01 – 2022-12-31 Source
  • Capital expenditure: 136770000 USD · 2022-01-01 – 2022-09-30 Source
  • Capital expenditure: 61026000 USD · 2023-01-01 – 2023-03-31 Source
  • Capital expenditure: 181427000 USD · 2023-01-01 – 2023-06-30 Source
  • Capital expenditure: 61026000 USD · 2023-01-01 – 2023-03-31 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2023-07-26.

Financial data available through: 2022-12-31.

Coverage by financial measure
  • Revenue: 8 of 11 periods available· newest 2022-12-31
  • Operating income: 8 of 11 periods available· newest 2022-12-31
  • Net income: 8 of 11 periods available· newest 2022-12-31
  • Operating cash flow: 8 of 11 periods available· newest 2022-12-31
  • Capital expenditure: 8 of 11 periods available· newest 2022-12-31
  • Total assets: 7 of 11 periods available· newest 2022-12-31
  • Total liabilities: 7 of 11 periods available· newest 2022-12-31
  • Current assets: 7 of 11 periods available· newest 2022-12-31
  • Current liabilities: 7 of 11 periods available· newest 2022-12-31
  • Cash and cash equivalents: 8 of 11 periods available· newest 2022-12-31
  • Long-term debt including current maturities: 5 of 11 periods available· newest 2022-12-31
  • Shares outstanding: 5 of 11 periods available· newest 2022-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +128%

    Prior period

    USD 1.42 billion

    –

    Current period

    USD 3.24 billion

    –

    Exact inputs and evidence

    3244822000 − 1423441000 = 1821381000 USD

    1423441000 USD · 2021-01-01 – 2021-12-31

    Inspect prior input Prior source

    3244822000 USD · 2022-01-01 – 2022-12-31

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  • Net income

    +USD 434.39 million

    Prior period

    −USD 119.42 million

    –

    Current period

    USD 314.97 million

    –

    Exact inputs and evidence

    314969000 − -119423000 = 434392000 USD

    -119423000 USD · 2021-01-01 – 2021-12-31

    Inspect prior input Prior source

    314969000 USD · 2022-01-01 – 2022-12-31

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  • Operating cash flow

    +USD 505.18 million

    Prior period

    −USD 50.79 million

    –

    Current period

    USD 454.39 million

    –

    Exact inputs and evidence

    454391000 − -50787000 = 505178000 USD

    -50787000 USD · 2021-01-01 – 2021-12-31

    Inspect prior input Prior source

    454391000 USD · 2022-01-01 – 2022-12-31

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  • Capital expenditure

    +16.8%

    Prior period

    USD 184.5 million

    –

    Current period

    USD 215.42 million

    –

    Exact inputs and evidence

    215418000 − 184496000 = 30922000 USD

    184496000 USD · 2021-01-01 – 2021-12-31

    Inspect prior input Prior source

    215418000 USD · 2022-01-01 – 2022-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2022 2022-01-01 – 2022-12-31

  • Revenue USD 3.24 billion 100% of revenue
  • Cost of revenue USD 2.49 billion 77% of revenue
  • Operating expenses USD 149.6 million 4.6% of revenue
  • Other operating costs Derived USD 272.48 million 8.4% of revenue
  • Operating income USD 332.65 million 10% of revenue
  • Tax, interest and other Derived USD 17.68 million 0.5% of revenue
  • Net income USD 314.97 million 9.7% of revenue

Cash

  • Operating cash flow USD 454.39 million 14% of revenue
  • Capital expenditure USD 215.42 million 6.6% of revenue
  • Free cash flow Derived USD 238.97 million 7.4% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2015 Operating loss: operating costs were 111% of revenue.
  • 2016 Operating loss: operating costs were 136% of revenue.
  • 2017 Net loss: net income was −2.3% of revenue.
  • 2018 95%
  • 2019 Operating loss: operating costs were 105% of revenue.
  • 2020 Operating loss: operating costs were 128% of revenue.
  • 2021 Operating loss: operating costs were 107% of revenue.
  • 2022 9.7%90%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2015 2015-01-01 – 2015-12-31366157000 405868000 Derived -39711000 24931000 Derived -64642000 11435000 Derived
Source
2016 2016-01-01 – 2016-12-31420570000 570274000 Derived -149704000 37383000 Derived -187087000 -77180000 Derived
Source
2017 2017-01-01 – 2017-12-311542081000 1532812000 Derived 9269000 45410000 Derived -36141000 -61649000 Derived
Source
2018 2018-01-01 – 2018-12-312137006000 2038996000 Derived 98010000 38679000 Derived 59331000 72742000 Derived
Source
2019 2019-01-01 – 2019-12-311821556000 1905305000 Derived -83749000 22408000 Derived -106157000 105078000 Derived
Source
2020 2020-01-01 – 2020-12-311202581000 1533858000 Derived -331277000 15606000 Derived -346883000 -44621000 Derived
Source
2021 2021-01-01 – 2021-12-311423441000 1528700000 Derived -105259000 14164000 Derived -119423000 -235283000 Derived
Source
2022 2022-01-01 – 2022-12-313244822000 2912169000 Derived 332653000 17684000 Derived 314969000 238973000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 3.2B 2022
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.5B2.6B1.8B876.1M0.0201520192022
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2015Revenue366157000
2016Revenue420570000
2017Revenue1542081000
2018Revenue2137006000
2019Revenue1821556000
2020Revenue1202581000
2021Revenue1423441000
2022Revenue3244822000

Revenue growth

Change in revenue from the same financial period one year earlier.

128% 2022
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.291%204%116%29%-58%201520192022
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2015Year over yearNo prior comparable period
2016Year over year14.9%
2017Year over year266.7%
2018Year over year38.6%
2019Year over year-14.8%
2020Year over year-34%
2021Year over year18.4%
2022Year over year128%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 10.3% 2022
Net margin 9.7% 2022
Free cash flow margin 7.4% 2022
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.15%-1%-17%-33%-49%201520192022
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2015Operating margin-10.8%
2016Operating margin-35.6%
2017Operating margin0.6%
2018Operating margin4.6%
2019Operating margin-4.6%
2020Operating margin-27.5%
2021Operating margin-7.4%
2022Operating margin10.3%
2015Net margin-17.7%
2016Net margin-44.5%
2017Net margin-2.3%
2018Net margin2.8%
2019Net margin-5.8%
2020Net margin-28.8%
2021Net margin-8.4%
2022Net margin9.7%
2015Free cash flow margin3.1%
2016Free cash flow margin-18.4%
2017Free cash flow margin-4%
2018Free cash flow margin3.4%
2019Free cash flow margin5.8%
2020Free cash flow margin-3.7%
2021Free cash flow margin-16.5%
2022Free cash flow margin7.4%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 454.4M 2022
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.495.1M347.6M200.2M52.7M-94.7M201520192022
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2015Operating cash flow37521000
2016Operating cash flow-54054000
2017Operating cash flow79691000
2018Operating cash flow350311000
2019Operating cash flow305463000
2020Operating cash flow68885000
2021Operating cash flow-50787000
2022Operating cash flow454391000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 239M 2022
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.276.9M139.4M1.8M-135.7M-273.2M201520192022
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2015Free cash flow11435000
2016Free cash flow-77180000
2017Free cash flow-61649000
2018Free cash flow72742000
2019Free cash flow105078000
2020Free cash flow-44621000
2021Free cash flow-235283000
2022Free cash flow238973000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

54.3% 2022
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.75%57%38%19%0%2015-12-3120192022
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2015-12-31Liabilities / assetsNot reportedNo source recorded
2016Liabilities / assets69.8%
2017Liabilities / assets50.8%
2018Liabilities / assets53.8%
2019Liabilities / assets46.7%
2020Liabilities / assets51.9%
2021Liabilities / assets62.5%
2022Liabilities / assets54.3%

Current assets to current liabilities

Current assets divided by current liabilities.

1.31× 2022
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2.39×1.79×1.19×0.60×0.00×2015-12-3120192022
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2015-12-31Current assets / current liabilitiesNot reportedNo source recorded
2016Current assets / current liabilities1.46×
2017Current assets / current liabilities1.55×
2018Current assets / current liabilities1.51×
2019Current assets / current liabilities1.78×
2020Current assets / current liabilities2.21×
2021Current assets / current liabilities1.08×
2022Current assets / current liabilities1.31×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2015 2015-01-01 – 2015-12-31
−USD 64.64 million
Exact value

Exact value: -64642000 USD

2015-01-01 – 2015-12-31: -64642000 USD Inspect Net Income Open source
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USD 37.52 million
Exact value

Exact value: 37521000 USD

2015-01-01 – 2015-12-31: 37521000 USD Inspect Operating Cash Flow Open source
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USD 26.09 million
Exact value

Exact value: 26086000 USD

2015-01-01 – 2015-12-31: 26086000 USD Inspect Capital Expenditure Open source
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USD 11.44 million
Calculation and evidence

37521000 − 26086000 USD

Exact free cash flow: 11435000 USD

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2016 2016-01-01 – 2016-12-31
−USD 187.09 million
Exact value

Exact value: -187087000 USD

2016-01-01 – 2016-12-31: -187087000 USD Inspect Net Income Open source
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−USD 54.05 million
Exact value

Exact value: -54054000 USD

2016-01-01 – 2016-12-31: -54054000 USD Inspect Operating Cash Flow Open source
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USD 23.13 million
Exact value

Exact value: 23126000 USD

2016-01-01 – 2016-12-31: 23126000 USD Inspect Capital Expenditure Open source
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−USD 77.18 million
Calculation and evidence

-54054000 − 23126000 USD

Exact free cash flow: -77180000 USD

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2017 2017-01-01 – 2017-12-31
−USD 36.14 million
Exact value

Exact value: -36141000 USD

2017-01-01 – 2017-12-31: -36141000 USD Inspect Net Income Open source
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USD 79.69 million
Exact value

Exact value: 79691000 USD

2017-01-01 – 2017-12-31: 79691000 USD Inspect Operating Cash Flow Open source
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USD 141.34 million
Exact value

Exact value: 141340000 USD

2017-01-01 – 2017-12-31: 141340000 USD Inspect Capital Expenditure Open source
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−USD 61.65 million
Calculation and evidence

79691000 − 141340000 USD

Exact free cash flow: -61649000 USD

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2018 2018-01-01 – 2018-12-31
USD 59.33 million
Exact value

Exact value: 59331000 USD

2018-01-01 – 2018-12-31: 59331000 USD Inspect Net Income Open source
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USD 350.31 million
Exact value

Exact value: 350311000 USD

2018-01-01 – 2018-12-31: 350311000 USD Inspect Operating Cash Flow Open source
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USD 277.57 million
Exact value

Exact value: 277569000 USD

2018-01-01 – 2018-12-31: 277569000 USD Inspect Capital Expenditure Open source
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USD 72.74 million
Calculation and evidence

350311000 − 277569000 USD

Exact free cash flow: 72742000 USD

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2019 2019-01-01 – 2019-12-31
−USD 106.16 million
Exact value

Exact value: -106157000 USD

2019-01-01 – 2019-12-31: -106157000 USD Inspect Net Income Open source
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USD 305.46 million
Exact value

Exact value: 305463000 USD

2019-01-01 – 2019-12-31: 305463000 USD Inspect Operating Cash Flow Open source
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USD 200.39 million
Exact value

Exact value: 200385000 USD

2019-01-01 – 2019-12-31: 200385000 USD Inspect Capital Expenditure Open source
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USD 105.08 million
Calculation and evidence

305463000 − 200385000 USD

Exact free cash flow: 105078000 USD

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2020 2020-01-01 – 2020-12-31
−USD 346.88 million
Exact value

Exact value: -346883000 USD

2020-01-01 – 2020-12-31: -346883000 USD Inspect Net Income Open source
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USD 68.89 million
Exact value

Exact value: 68885000 USD

2020-01-01 – 2020-12-31: 68885000 USD Inspect Operating Cash Flow Open source
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USD 113.51 million
Exact value

Exact value: 113506000 USD

2020-01-01 – 2020-12-31: 113506000 USD Inspect Capital Expenditure Open source
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−USD 44.62 million
Calculation and evidence

68885000 − 113506000 USD

Exact free cash flow: -44621000 USD

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2021 2021-01-01 – 2021-12-31
−USD 119.42 million
Exact value

Exact value: -119423000 USD

2021-01-01 – 2021-12-31: -119423000 USD Inspect Net Income Open source
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−USD 50.79 million
Exact value

Exact value: -50787000 USD

2021-01-01 – 2021-12-31: -50787000 USD Inspect Operating Cash Flow Open source
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USD 184.5 million
Exact value

Exact value: 184496000 USD

2021-01-01 – 2021-12-31: 184496000 USD Inspect Capital Expenditure Open source
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−USD 235.28 million
Calculation and evidence

-50787000 − 184496000 USD

Exact free cash flow: -235283000 USD

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2022 2022-01-01 – 2022-12-31
USD 314.97 million
Exact value

Exact value: 314969000 USD

2022-01-01 – 2022-12-31: 314969000 USD Inspect Net Income Open source
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USD 454.39 million
Exact value

Exact value: 454391000 USD

2022-01-01 – 2022-12-31: 454391000 USD Inspect Operating Cash Flow Open source
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USD 215.42 million
Exact value

Exact value: 215418000 USD

2022-01-01 – 2022-12-31: 215418000 USD Inspect Capital Expenditure Open source
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USD 238.97 million
Calculation and evidence

454391000 − 215418000 USD

Exact free cash flow: 238973000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

79 filings · 4,432 latest values · 4,432 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001688476, 1688476, FRAC, NEX, edgar:1688476

Also known as KEANE GROUP, INC., Keane Group, Inc., NEXTIER OILFIELD SOLUTIONS INC., NexTier Oilfield Solutions Inc.