NexTier Oilfield Solutions Inc. (NEX)

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HOUSTON, TX / ACCESSWIRE / August 30, 2023 / Patterson-UTI Energy, Inc. (NASDAQ:PTEN) ("Patterson-UTI") and NexTier Oilfield Solutions Inc. (NYSE:NEX) ("NexTier") today announced that, at separate special meetings held earlier today, both companies' shareholders voted in favor of all proposals necessary for the closing of the previously announced all-stock merger of equals transaction. Andy Hendricks, Chief Executive Officer of Patterson-UTI, commented, "We are pleased with the overwhelming support of shareholders for our pending transaction with NexTier.

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NexTier Oilfield Solutions Inc. offers a profitable alternative to investing directly in oil companies, with strong shareholder returns through buybacks. The company is driving shareholder value through its buyback program, allocating around 50% of all FCF to repurchasing shares. NexTier aims to reach zero net debt by 2023, generating significant FCF and benefiting shareholders through buybacks.

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of NexTier Oilfield Solutions Inc. (NYSE: NEX) to Patterson-UTI Energy, Inc. (NASDAQ: PTEN). Under the terms of the proposed transaction, shareholders of NexTier will receive 0.7520 shares of Patterson for each share of NexTier that they own. KSF is seeking to determine whether this consideration and the process.

HOUSTON, TX / ACCESSWIRE / July 28, 2023 / Patterson-UTI Energy, Inc. (NASDAQ:PTEN) ("Patterson-UTI") and NexTier Oilfield Solutions Inc. (NYSE:NEX) ("NexTier") today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act"), in connection with the previously announced all-stock merger of equals transaction. The expiration of the waiting period under the HSR Act satisfies one condition needed to close the merger, which remains on track to occur this year.

NexTier Oilfield Solutions Inc. (NYSE:NEX ) Q2 2023 Earnings Conference Call July 26, 2023 11:00 AM ET Company Participants Robert Drummond - President, Chief Executive Officer Kenny Pucheu - Chief Financial Officer Matt Gillard - Chief Operating Officer Kevin McDonald - Chief Administrative Officer, General Counsel Mike Sabella - Vice President of Investor Relations Conference Call Participants Luke Lemoine - Piper Sandler Arun Jayaram - JPMorgan Derek Podhaizer - Barclays Stephen Gengaro - Stifel Sean Mitchell - Daniel Energy Partners Connor Jensen - Capital Markets Operator Good morning and welcome to the NexTier Oilfield Solutions, Second Quarter 2023 Conference Call. As a reminder, today's call is being recorded.

NexTier Oilfield Solutions (NEX) came out with quarterly earnings of $0.68 per share, missing the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.39 per share a year ago.

Although the revenue and EPS for NexTier Oilfield Solutions (NEX) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

HOUSTON , July 25, 2023 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today reported second quarter 2023 financial and operational results. Shareholder return program Repurchased 2.3 million shares for $17.9 million in the second quarter of 2023 Through Q2, repurchased a total of 19.7 million shares for $184.2 million, representing 8% of shares outstanding before the commencement of the program in October 2022 Second Quarter 2023 Results and Recent Highlights  Total revenue of $945.1 million, a 1% sequential increase Net income of $150.1 million, or $0.64 per diluted share, compared to $254.0 million, or $1.07 per diluted share in the prior quarter.

NexTier Oilfield Solutions (NEX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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HOUSTON, June 27, 2023 /PRNewswire/ — NexTier Oilfield Solutions Inc. (NYSE: NEX) (“NexTier” or the “Company”) today announced that it will release its second quarter 2023 financial and operating results after market close on Tuesday, July 25, 2023. This release will be followed by a conference call at 10:00 a.m. Central Time (11:00 a.m. Eastern […]...

HOUSTON , June 27, 2023 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today announced that it will release its second quarter 2023 financial and operating results after market close on Tuesday, July 25, 2023. This release will be followed by a conference call at 10:00 a.m.

Patterson-UTI And NexTier Oilfield Merger: Which Stock's Investors Benefit More?

The current stockholders of Patterson-UTI Energy (PTEN) will own approximately 55% of the combined company, with NexTier Oilfield Solutions (NEX) shareholders owning the rest.