NexTier Oilfield Solutions on Jan. 7 raised its fourth quarter earnings and revenue guidance, according to a presentation at a Miami energy conference.
The company, which recently changed its name following the combination of Keane Group and C&J Energy Services, said better-than-anticipated results were due to an absence of major weather issues, customer partnerships and efficiency gains.
The third largest U.S. provider of hydraulic fracturing services raised its pre-tax earnings outlook to $73-$78 million from $60-$75 million and revenue to $640-$660 million from $600-$650 million, according to a presentation at the Goldman Sachs Global Energy Conference.
Recommended Reading
CPP Wants to Invest Another $12.5B into Oil, Gas
2025-03-26 - The Canada Pension Plan’s CPP Investments is looking for more oil and gas stories—in addition to renewable and other energies.
More Players, More Dry Powder—So Where are the Deals?
2025-03-24 - Bankers are back and ready to invest in the oil and gas space, but assets for sale remain few and far between, lenders say.
Murphy Shares Drop on 4Q Miss, but ’25 Plans Show Promise
2025-02-02 - Murphy Oil’s fourth-quarter 2024 output missed analysts’ expectations, but analysts see upside with a robust Eagle Ford Shale drilling program and the international E&P’s discovery offshore Vietnam.
Not Sweating DeepSeek: Exxon, Chevron Plow Ahead on Data Center Power
2025-02-02 - The launch of the energy-efficient DeepSeek chatbot roiled tech and power markets in late January. But supermajors Exxon Mobil and Chevron continue to field intense demand for data-center power supply, driven by AI technology customers.
Utica Oil’s Infinity IPO Values its Play at $48,000 per Boe/d
2025-01-30 - Private-equity-backed Infinity Natural Resources’ IPO pricing on Jan. 30 gives a first look into market valuation for Ohio’s new tight-oil Utica play. Public trading is to begin the morning of Jan. 31.