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Last $3.32 USD
Change Today -0.06 / -1.78%
Volume 225.8K
NES On Other Exchanges
Symbol
Exchange
Berlin
New York
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

nuverra environmental soluti (NES) Snapshot

Open
$3.42
Previous Close
$3.38
Day High
$3.42
Day Low
$3.21
52 Week High
07/1/14 - $21.29
52 Week Low
01/26/15 - $1.65
Market Cap
92.7M
Average Volume 10 Days
451.1K
EPS TTM
$-6.76
Shares Outstanding
27.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for NUVERRA ENVIRONMENTAL SOLUTI (NES)

nuverra environmental soluti (NES) Related Businessweek News

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nuverra environmental soluti (NES) Details

Nuverra Environmental Solutions, Inc. provides full-cycle environmental solutions to customers focused on the development and ongoing production of oil and natural gas from shale formations in the United States. It offers environmental solutions for unconventional oil and gas exploration and production, including the delivery, collection, treatment, recycle, and disposal of restricted environmental products used in the development of unconventional oil and natural gas fields in the Bakken, Utica, Eagle Ford, Mississippian Lime, and Permian Shale areas, as well as the Haynesville, Marcellus, and Barnett Shale areas. The company also serves customers seeking fresh water acquisition, temporary water transmission and storage, transportation, treatment, recycling, or disposal of complex water flows, such as flowback and produced brine water, and solids, such as drill cuttings, and management of other environmental products in connection with shale oil and gas hydraulic fracturing operations; and rents equipment to customers, including providing for delivery and pickup. In addition, it provides services for water pit excavations, well site preparation, and well site remediation. The company owns a 50-mile underground pipeline network in the Haynesville Shale area for the delivery of fresh water and removal of produced water; a fleet of approximately 1,000 trucks for delivery and collection; and approximately 5,500 storage tanks, as well as owns or leases 56 operating saltwater disposal wells in the Bakken, Marcellus/Utica, Haynesville, Eagle Ford, and Tuscaloosa Marine Shale areas. Its customers include major domestic and international oil and gas companies, foreign national oil and gas companies, and independent oil and natural gas production companies. The company was formerly known as Heckmann Corporation and changed its name to Nuverra Environmental Solutions, Inc. in May 2013. Nuverra Environmental Solutions, Inc. is headquartered in Scottsdale, Arizona.

2,400 Employees
Last Reported Date: 03/16/15

nuverra environmental soluti (NES) Top Compensated Officers

Chairman of the Board and Chief Executive Off...
Total Annual Compensation: $702.7K
Compensation as of Fiscal Year 2013.

nuverra environmental soluti (NES) Key Developments

Nuverra Environmental Solutions Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides CapEx Guidance for the Full Year of 2015; Reports Impairment of Long-Lived Assets and Goodwill for the Fourth Quarter of 2014

Nuverra Environmental Solutions reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company’s total revenue was $141,763,000 against $128,388,000 a year ago. Loss from operations was $309,866,000 against $5,304,000 a year ago. Loss from continuing operations before income taxes was $321,074,000 against $17,393,000 a year ago. Loss from continuing operations was $321,124,000 or $11.84 basic and diluted per share against $10,372,000 or $0.42 basic and diluted per share a year ago. Net loss attributable to common stockholders was $335,894,000 or $12.38 basic and diluted per share against $13,072,000 or $0.53 basic and diluted per share a year ago. LBITDA was $286,118,000 against EBITDA of $15,595,000 a year ago. Adjusted EBITDA from continuing operations was $25,393,000 against $23,307,000 a year ago. Total adjusted EBITDA was $28,019,000 against $25,727,000 a year ago. Total net cash capital expenditures were $14,260,000. Revenue increases were primarily driven by increased logistics and disposal activities for both fluids and solids, as operators completed their 2014 drilling and completion programs, full run-rate contribution from the landfill and the addition of water transfer services in the Rocky Mountain division, as well as improved pricing on logistics and disposal services in the Southern and Northeast divisions. Adjusted loss from continuing operations for the quarter was $9.6 million or a loss of $0.35 per share compared to a loss of $9.7 million or a loss of $0.39 per share in the prior year. The increase in revenue reflects good demand for logistics, disposal, fluid recycling and solid services throughout the quarter as customers were to complete their 2014 budgets. Adjusted operating income was $3.4 million compared to an adjusted operating income of $3.9 million in the fourth quarter of 2013. This difference was due primarily to lower overall drilling and completion activities. For the year, the company’s total revenue was $536,282,000 against $525,816,000 a year ago. Loss from operations was $417,654,000 against $149,659,000 a year ago. Loss from continuing operations before income taxes was $469,641,000 against $207,135,000 a year ago. Loss from continuing operations was $457,178,000 or $17.52 basic and diluted per share against $134,040,000 or $5.47 diluted per share a year ago. Net loss attributable to common stockholders was $515,604,000 or $17.52 basic and diluted per share against $232,291,000 or $5.47 diluted per share a year ago. LBITDA was $332,844,000 against $54,196,000 a year ago. Adjusted EBITDA from continuing operations was $95,215,000 against $101,499,000 a year ago. Total adjusted EBITDA was $107,329,000 against $116,171,000 a year ago. Net cash provided by operating activities from continuing operations was $17,376,000 against $66,668,000 a year ago. Net cash provided by operating activities was $21,342,000 against $70,257,000 a year ago. Purchases of property, plant and equipment was $55,731,000 against $46,593,000 a year ago. Revenue increases for the year were driven by improved pricing in the Rocky Mountain Division, as well as higher revenues from the management of solid waste at the company's Bakken landfill. A portion of the increase was offset by decreased activity levels in the Southern Division, and to a lesser extent the Northeast Division, which was impacted negatively by severe winter weather in early 2014, as well as the interruption of operations due to an accident that affected large customer in the region. Full year adjusted EBITDA was down 6.2%, primarily due to reduced drilling and completion activity in the Rocky Mountain division. Net cash capital expenditures for 2014 were $45.5 million and were primarily related to the construction of its solids processing facility in the Bakken, along with limited fleet upgrades in select locations. For 2015, total capex is currently expected to be in the range of $10 million to $15 million, which will consist mainly of maintenance CapEx, driven primarily by maintenance capex comparable to 2014 maintenance capex levels. The company is modeling interest expense to be slightly less than in 2014 based on the planned pay down of credit facility from the TFI sale proceeds. The company anticipates depreciation and amortization expense to be in the range of $70 million to $75 million, down approximately $14 million as a result of the year-end write-down. Effective income tax rate will remain 0 due to the valuation allowance on deferred tax assets. The company reported impairment of long-lived assets of $112,436,000 and impairment of goodwill of $203,259,000 for the fourth quarter ended December 31, 2014.

Nuverra Environmental Solutions, Inc. to Report Q4, 2014 Results on Mar 16, 2015

Nuverra Environmental Solutions, Inc. announced that they will report Q4, 2014 results on Mar 16, 2015

Nuverra Environmental Solutions, Inc., Q4 2014 Earnings Call, Mar 16, 2015

Nuverra Environmental Solutions, Inc., Q4 2014 Earnings Call, Mar 16, 2015

 

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