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Last $2.59 USD
Change Today -0.02 / -0.77%
Volume 411.1K
NES On Other Exchanges
Symbol
Exchange
Berlin
New York
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

nuverra environmental soluti (NES) Snapshot

Open
$2.61
Previous Close
$2.61
Day High
$2.85
Day Low
$2.50
52 Week High
09/25/14 - $16.21
52 Week Low
01/26/15 - $1.65
Market Cap
72.8M
Average Volume 10 Days
274.9K
EPS TTM
$-6.94
Shares Outstanding
28.1M
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. 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
Chief Legal Officer, Executive Vice President...
Total Annual Compensation: $377.2K
Compensation as of Fiscal Year 2014.

nuverra environmental soluti (NES) Key Developments

Nuverra Environmental Solutions, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Nuverra Environmental Solutions, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues were $92,427,000 compared to $126,862,000 for the same period a year ago. Loss from operations was $7,569,000 compared to $11,920,000 for the same period a year ago. Loss from continuing operations before income taxes was $20,632,000 compared to $24,417,000 for the same period a year ago. Loss from continuing operations was $20,647,000 or $0.75 basic and diluted per share against $24,722,000 or $0.97 basic and diluted per share a year ago. Net loss attributable to common stockholders was $22,736,000 or $0.83 per basic and diluted share compared to $23,269,000 or $0.91 per basic and diluted share for the same period a year ago. EBITDA was $10,116,000 compared to $9,922,000 for the same period a year ago. Adjusted EBITDA was $12,290,000 compared to $25,905,000 for the same period a year ago. Adjusted EBITDA from continuing operations were $12,283,000 against $22,889,000 a year ago. Revenue was down 22.4% sequentially when compared to the 2015 first quarter. The decline was primarily due to the substantial quarterly decrease in overall water logistics, solids management and rental activities in the Rocky Mountain Division, as well as a decrease in water logistics and fresh water transfer services in the Southern Division. These decreases were partly offset by increases in water logistics and salt water recycling activities in the Northeast Division. The decrease in adjusted EBITDA was due to the lower overall base of fluids logistics, solids management and rental revenue driven primarily by significant declines in the Rocky Mountain Division, offset in part by overall cost savings achieved in the second quarter. For the six months, the company reported total revenues were $211,539,000 compared to $254,876,000 for the same period a year ago. Loss from operations was $7,321,000 compared to $16,991,000 for the same period a year ago. Loss from continuing operations before income taxes was $32,651,000 compared to $45,135,000 for the same period a year ago. Loss from continuing operations was $32,642,000 or $1.18 basic and diluted per share against $36,636,000 or $1.45 basic and diluted per share a year ago. Net loss attributable to common stockholders was $33,810,000 or $1.22 per basic and diluted share compared to $34,724,000 or $1.37 per basic and diluted share for the same period a year ago. Net cash provided by operating activities was $41,628,000 against net cash used in operating activities of $1,001,000 a year ago. Purchases of property, plant and equipment was $10,807,000 against $23,943,000 a year ago. EBITDA was $28,167,000 compared to $22,165,000 for the same period a year ago. Adjusted EBITDA was $32,186,000 compared to $47,902,000 for the same period a year ago. Adjusted EBITDA from continuing operations were $30,989,000 against $41,788,000 a year ago. Free cash flow was $34,977,000 against negative free cash flow of $24,014,000 a year ago. Net cash capital expenditures for continuing operations were $7.4 million, and related primarily to targeted investments in the Terrafficient solids recycling facility and other transportation-related equipment in the Rocky Mountain Division. The difference in revenue was primarily a result of lower overall levels of water logistics, solids management and rental activities in the Rocky Mountain Division and a decline in water logistics and fresh water transfer services in the Southern Division. These decreases were partly offset by increases in water logistics and salt water recycling activities in the Northeast Division.

Nuverra Environmental Solutions, Inc. Presents at Jefferies 11th Annual Industrials Conference, Aug-11-2015

Nuverra Environmental Solutions, Inc. Presents at Jefferies 11th Annual Industrials Conference, Aug-11-2015 . Venue: Grand Hyatt, 109 E. 42nd Street, New York, New York, United States.

Nuverra Environmental Solutions, Inc. to Report Q2, 2015 Results on Aug 10, 2015

Nuverra Environmental Solutions, Inc. announced that they will report Q2, 2015 results at 8:01 PM, GMT Standard Time on Aug 10, 2015

 

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