Nuverra Environmental (NES) Reports Q1 Loss of $0.41/Share

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Go back to Nuverra Environmental (NES) Reports Q1 Loss of $0.41/Share

Nuverra Announces First Quarter 2019 Results

May 8, 2019 4:30 PM EDT

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Nuverra Environmental Solutions, Inc. (NYSE American: NES) (Nuverra, the Company, we, us or our) today announced financial and operating results for the first quarter ended March 31, 2019.

SUMMARY OF QUARTERLY RESULTS

First quarter revenue was $42.6 million, a decrease of approximately 13.4%, or $6.6 million, when compared with revenue of $49.2 million in the fourth quarter of 2018. When compared to the same period in the prior year, first quarter revenue decreased 14.2%, or $7.0 million. Net loss for the first quarter was $6.4 million as compared to $8.8... More