Last $10.30 USD
Change Today -0.17 / -1.62%
Volume 103.9K
NES On Other Exchanges
Symbol
Exchange
Berlin
New York
As of 11:08 AM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

nuverra environmental soluti (NES) Snapshot

Open
$10.57
Previous Close
$10.47
Day High
$10.62
Day Low
$10.10
52 Week High
07/1/14 - $21.29
52 Week Low
11/11/14 - $7.72
Market Cap
281.3M
Average Volume 10 Days
546.2K
EPS TTM
$-1.95
Shares Outstanding
27.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for NUVERRA ENVIRONMENTAL SOLUTI (NES)

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nuverra environmental soluti (NES) Details

Nuverra Environmental Solutions, Inc. provides full-cycle environmental solutions to customers focused on the development and ongoing production of oil and natural gas from shale formations in the United States. The company provides environmental solutions for unconventional oil and gas exploration and production, including the delivery, collection, treatment, recycle, and disposal of restricted environmental products used in the development of unconventional oil and natural gas fields in the Bakken, Marcellus/Utica, Haynesville, Eagle Ford, Mississippian Lime, Barnett, and Permian Basin shale areas. It also serves customers seeking fresh water acquisition, temporary water transmission and storage, transportation, treatment, recycling, or disposal of complex water flows, such as flowback and produced brine water, and solids, such as drill cuttings, and management of other environmental products in connection with shale oil and gas hydraulic fracturing operations; rents equipment to customers, including providing for delivery and pickup; and provides services for water pit excavations, well site preparation, and well site remediation. The company owns a 50-mile underground pipeline network in the Haynesville Shale area for the delivery of fresh water and removal of produced water; a fleet of approximately 1,100 trucks for delivery and collection; and approximately 5,700 storage tanks, as well as owns or leases 56 operating saltwater disposal wells in the Bakken, Marcellus/Utica, Haynesville, Eagle Ford, and Tuscaloosa Marine shale areas. Its customers include major domestic and international oil and gas companies, foreign national oil and gas companies, and independent oil and natural gas production companies. The company was formerly known as Heckmann Corporation and changed its name to Nuverra Environmental Solutions, Inc. in May 2013. Nuverra Environmental Solutions, Inc. is headquartered in Scottsdale, Arizona.

2,200 Employees
Last Reported Date: 03/10/14

nuverra environmental soluti (NES) Top Compensated Officers

Chairman of The Board, Chief Executive Office...
Total Annual Compensation: $702.7K
Interim Chief Financial Officer, Chief Accoun...
Total Annual Compensation: $352.3K
Compensation as of Fiscal Year 2013.

nuverra environmental soluti (NES) Key Developments

Nuverra Environmental Solutions, Inc. Announces Contract with XTO Energy for Pipeline Water Gathering, Delivery and Disposal Services in McKenzie County, North Dakota

Nuverra Environmental Solutions, Inc. announced that it has entered into a long-term definitive agreement with XTO Energy Inc., to provide water-related pipeline services in McKenzie County, North Dakota. Under the agreement, Nuverra will build the 150-mile McKenzie County Pipeline Network to provide produced water gathering and disposal services and fresh water delivery. The XTO agreement is a long-term, fee-based gathering agreement. The Network will serve XTO's dedicated acreage, as well as other operator wells in the area. The Network will feature fixed, buried pipelines, which will include a gathering line to transport produced and flowback water for disposal or recycling and a distribution line for fresh water delivery. The Network is projected to cost $125 million to $150 million, based on current engineering and construction specifications, with completion during the fourth quarter of fiscal 2015. Construction is expected to begin in May 2015.

Nuverra Environmental Solutions, Inc. Announces Board Changes

On and effective as of November 4, 2014, Andrew D. Seidel resigned from the Nuverra Environmental Solutions, Inc.'s board of directors. To fill Seidel's position, the board appointed William M. Austin to the board on November 4, 2014. Austin will serve as a member of the board through the remainder of Seidel's term; this is set to expire at the 2015. Austin will also become a member of the board's audit committee. Austin joins the board with over 30 years of experience as a senior financial executive in the energy industry. He is currently the president of Austin Lee Ventures LTD and a member of the board of directors of Express Energy LLP. Austin served as executive vice president and chief financial officer of Exterran Holdings from December 2011 until April 2014, and he also served as senior vice president and director of Exterran GP, LLC from April 2012 until April 2014.

Nuverra Environmental Solutions Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Impairment of Goodwill for the Third Quarter of 2014; Provides Outlook for the Full Year 2015

Nuverra Environmental Solutions, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues were $139,643,000 compared to $131,804,000 for the same period of last year. Loss from operations was $90,797,000 compared to $131,658,000 for the same period of last year. Loss from continuing operations before income taxes was $103,432,000 compared to $149,313,000 for the same period of last year. Net loss attributable to common stockholders was $144,986,000 compared to $193,738,000 for the same period of last year. Basic and diluted loss per share was $5.44 compared to $7.79 for the same period of last year. LBITDA was $68,891,000 against of $112,087,000 a year ago. Adjusted EBITDA was $31,408,000 against $25,094,000 a year ago. Adjusted EBITDA from continuing operations was $28,034,000 against $21,978,000 a year ago. For the nine months, the company reported total revenues were $394,519,000 compared to $397,428,000 for the same period of last year. Loss from operations was $107,788,000 compared to $144,178,000 for the same period of last year. Loss from continuing operations before income taxes was $148,567,000 compared to $189,743,000 for the same period of last year. Net loss attributable to common stockholders was $179,710,000 compared to $219,219,000 for the same period of last year. Basic and Diluted loss per share was $6.98 compared to $9.02 for the same period of last year. Net cash provided by operating activities was $17,699,000 against $76,375,000 a year ago. Purchases of property and equipment were $43,018,000 against $33,224,000 a year ago. LBITDA was $46,726,000 against $69,792,000 a year ago. Adjusted EBITDA was $79,310,000 against $90,444,000 a year ago. Adjusted EBITDA from continuing operations was $69,822,000 against $78,191,000 a year ago. Year-to-date CapEx from continuing operations was $33.7 million. For the third quarter, the company reported a pre-tax, non-cash goodwill impairment charge of $100.7 million representing a write-down of the carrying value of goodwill associated with the Southern and Northeast Divisions. For the full year 2015, the company reported that it expects growth investments to begin contributing in 2015, particularly related to the start-up of the new solids management facility in the Bakken. The company also believes that the recent actions it have taken to improve operating efficiencies will position it well for 2015.

 

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