Reports Q4 revenue $870.9M, consensus $872.55M. "Operationally, NexTier delivered another very strong quarter with improved profitability and returns, even in a counter-seasonal period," said Robert Drummond, President and CEO. "We believe demand for our services continues to exceed supply, and our natural gas fueled fleet is creating significant value by lowering fuel costs. As a result, pricing is still moving higher. The sold out nature of the frac industry is putting a premium on service quality, and we are confident that our wellsite integration strategy offers a superior product for our customers and should continue to earn a premium return for NexTier investors."
Published first on TheFly
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