NexTier Oilfield Solutions (NEX) Provides Operational Update and Guidance for Q4

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Go back to NexTier Oilfield Solutions (NEX) Provides Operational Update and Guidance for Q4

NexTier Provides Operational Update and Guidance for the Fourth Quarter of 2021

January 3, 2022 5:42 PM EST

HOUSTON, Jan. 3, 2022 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today provided an operational update and guidance for the fourth quarter of 2021. 

Fourth Quarter 2021 Guidance & Recent Highlights

Total revenue guidance of $500-510 million for Q4 2021, reflecting an increase of more than 25% compared to Q3 2021 Reported adjusted EBITDA(1) guidance of $75-80 million for Q4 2021, includes approximately $18 million in expected gain on sale of assets Averaged 30 deployed and 29 fully-utilized fleets in Q4 2021 vs. 25 deployed and 24 fully-utilized fleets in Q3 2021 Consistent with prior... More