Nuverra Environmental (NES) Reports Q3 Loss of $0.61

Nuverra Environmental (NYSE: NES) reported Q3 EPS of ($0.61). Revenue for the quarter came in at $49.7 million.

“Nuverra’s revenue continues to improve both sequentially and compared to 2017. The Company improved its liquidity position with $31.3 million of availability on September 30th and the total debt to AEBITDA ratio for the last twelve months was 2.3. As we have repositioned the Company to focus on higher return opportunities, we have sold underutilized assets which has assisted in generating positive free cash flow of $13.6 million through September 30th. We recently closed the Clearwater acquisition which we expect will be a platform for future organic growth and we continue to invest in the existing business to further improve our competitive position,” said Charlie Thompson, Interim Chief Executive Officer.

For earnings history and earnings-related data on Nuverra Environmental (NES) click here.

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