Private company

NEXTIER OILFIELD SOLUTIONS INC.

NEXTIER OILFIELD SOLUTIONS INC. is an American oil and gas field services company, incorporated in Delaware.1 It is headquartered in Houston, Texas.1

Last updated Oct 20, 2026.

Overview

  • IndustryOil & Gas Field Services, NEC1
  • HeadquartersHouston, Texas1
  • Incorporated inDE2
  • Business address3990 Rogerdale Rd., Houston, Tx 770422
  • Filer categoryLarge accelerated filer2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

23.3%Gross margin3
10.3%Operating margin3
9.7%Net margin3
128.0%Revenue growth, 20223
39.9%Return on equity3
0.44×Debt to equity3
$239.0MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue77¢$2.5B
  • Research and development0¢$3.6M
  • Selling, general and admin4¢$146.0M
  • Other costs8¢$257.2M
  • Interest1¢$28.4M
  • Income tax0¢$4.6M
  • Profit10¢$315.0M

Out of $3.2B in revenue.3

Where each dollar of operating cash went, fiscal 2022

  • Capital spending47¢$215.4M
  • Share buybacks2¢$7.5M
  • Kept or used elsewhere51¢$231.5M

Out of $454.4M of cash from operations.3

Financial statements

Revenue45673$3.2B in 2022+672% since 2016
0$1.0B$2.0B$3.0B$4.0B2016: $420.6M$420.6M20162017: $1.5B$1.5B2017+267%2018: $2.1B$2.1B2018+39%2019: $1.8B$1.8B2019−15%2020: $1.2B$1.2B2020−34%2021: $1.4B$1.4B2021+18%2022: $3.2B$3.2B2022+128%
Gross profit45673$754.7M in 2022+17751% since 2016
0$200.0M$400.0M$600.0M$800.0M2016: $4.2M$4.2M20162017: $259.5M$259.5M2017+6038%2018: $476.7M$476.7M2018+84%2019: $417.6M$417.6M2019−12%2020: $190.3M$190.3M2020−54%2021: $175.9M$175.9M2021−8%2022: $754.7M$754.7M2022+329%
Operating income45673$332.7M in 2022
-$400.0M-$200.0M0$200.0M$400.0M2016: -$149.7M-$149.7M20162017: $9.3M$9.3M20172018: $98.0M$98.0M2018+957%2019: -$83.7M-$83.7M20192020: -$331.3M-$331.3M2020+296%2021: -$105.3M-$105.3M2021−68%2022: $332.7M$332.7M2022
Net income45673$315.0M in 2022
-$400.0M-$200.0M0$200.0M$400.0M2016: -$187.1M-$187.1M20162017: -$36.1M-$36.1M2017−81%2018: $59.3M$59.3M20182019: -$106.2M-$106.2M20192020: -$346.9M-$346.9M2020+227%2021: -$119.4M-$119.4M2021−66%2022: $315.0M$315.0M2022
Fiscal year2016201720182019202020212022
Revenue$420.6M4$1.5B5$2.1B6$1.8B7$1.2B3$1.4B3$3.2B3
Cost of revenue$416.3M4$1.3B5$1.7B6$1.4B7$1.0B3$1.3B3$2.5B3
Gross profit$4.2M4$259.5M5$476.7M6$417.6M7$190.3M3$175.9M3$754.7M3
Research and development$2.2M4$3.7M5$7.1M6$7.1M7$4.8M3$5.0M3$3.6M3
Selling, general and admin$53.2M4$84.9M5$113.8M6$123.7M7$144.1M3$109.4M3$146.0M3
Operating expenses$1.5B3$2.9B3
Operating income-$149.7M4$9.3M5$98.0M6-$83.7M7-$331.3M3-$105.3M3$332.7M3
Interest$38.3M4$59.2M5$33.5M6$21.9M7$20.7M3$24.6M3$28.4M3
Income before tax-$117.7M3$319.5M3
Income tax-$114.0K4$150.0K5$4.3M6$1.0M7$1.5M3$1.7M3$4.6M3
Net income-$187.1M4-$36.1M5$59.3M6-$106.2M7-$346.9M3-$119.4M3$315.0M3
Earnings per share-$2.144-$0.345$0.546-$0.867-$1.623-$0.533$1.293
Earnings per share (diluted)-$2.144-$0.345$0.546-$0.867-$1.623-$0.533$1.263
Shares (weighted, basic)224.4M shares3243.4M shares3
Shares (weighted, diluted)224.4M shares3249.3M shares3

Compare NEXTIER OILFIELD SOLUTIONS INC. with another company

Corporate structure

NEXTIER OILFIELD SOLUTIONS INC. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of NEXTIER OILFIELD SOLUTIONS INC.

  • THRC Holdings, LP Filed SC 13D/A on NEXTIER OILFIELD SOLUTIONS INC., latest May 16, 2023 (2 filings since Jun 30, 2022)
  • VANGUARD GROUP INC Filed SC 13G/A on NEXTIER OILFIELD SOLUTIONS INC., latest May 10, 2023 (3 filings since Feb 10, 2022)
  • Keane Investor Holdings LLC Filed SC 13G/A on NEXTIER OILFIELD SOLUTIONS INC., latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • PRICE T ROWE ASSOCIATES INC /MD/ Filed SC 13G/A on NEXTIER OILFIELD SOLUTIONS INC., latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • FMR LLC Filed SC 13G on NEXTIER OILFIELD SOLUTIONS INC., latest Feb 9, 2023
  • Alamo Frac Holdings, LLC Filed SC 13G/A on NEXTIER OILFIELD SOLUTIONS INC., latest Apr 22, 2022
  • NEXTIER OILFIELD SOLUTIONS INC. Houston, Texas

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What NEXTIER OILFIELD SOLUTIONS INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Construction in progress$23.7M3 Dec 31, 2022$46.7M3 Dec 31, 2021−49.2%
Property and equipment, before depreciation$1.7B3 Dec 31, 2022$1.5B3 Dec 31, 2021+8.7%
Accumulated depreciation$1.0B3 Dec 31, 2022$951.2M3 Dec 31, 2021+5.4%
Property and equipment, net$679.5M3 Dec 31, 2022$620.9M3 Dec 31, 2021+9.4%
Finance-lease assets$43.7M3 Dec 31, 2022$41.5M3 Dec 31, 2021+5.2%
Operating-lease assets (leased space)$18.7M3 Dec 31, 2022$21.8M3 Dec 31, 2021−14.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$218.5M3 Dec 31, 2022$110.7M3 Dec 31, 2021+97.4%
Equity securities at fair value$12.4M3 Dec 31, 2022$5.3M7 Dec 31, 2021+134.0%
Stakes in other companies (equity method)$1.7M7 Dec 31, 2021$1.7M3 Dec 31, 20200%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$192.8M3 Dec 31, 2022$192.8M3 Dec 31, 20210%
Intangible assets, net (excluding goodwill)$50.6M3 Dec 31, 2022$65.0M3 Dec 31, 2021−22.1%
Accumulated amortization$82.0M3 Dec 31, 2022$62.7M3 Dec 31, 2021+30.9%

Inventory

ItemLatestA year beforeChange
Inventory, total$66.4M3 Dec 31, 2022$38.1M3 Dec 31, 2021+74.3%

Leadership

Who has led NEXTIER OILFIELD SOLUTIONS INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Robert Wayne Drummond Jr.2018–2023

Chair

  1. Paul M. Debonis Jr.2019

President

  1. Robert Wayne Drummond Jr.2019–2023

Chief financial officer

  1. Gaalen Jan Kees Van2019
  2. Kenneth Pucheu2020–2023

Chief operating officer

  1. Paul M. Debonis Jr.2017–2018
  2. Matthew Gillard2021–2023
20202025
Board members and other officers (30)

Former names

  • Keane Group, Inc.Nov 10, 2016 to Oct 22, 20192

Timeline

  1. Sep 1, 20238-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer47
  2. Aug 30, 20238-K Shareholder vote; Regulation FD disclosure48
  3. Aug 18, 20238-K Other events49
  4. Jul 28, 20238-K Entered a material agreement; Other events50
  5. Jul 25, 20238-K Results of operations51
  6. Jun 15, 20238-K Entered a material agreement; Regulation FD disclosure52
  7. Jun 14, 20238-K Entered a material agreement; New debt or obligation; Executive or director change53
  8. Apr 25, 20238-K Results of operations54
  9. Apr 24, 20238-K Bylaws or fiscal year changed55
  10. Feb 15, 20238-K Results of operations; Regulation FD disclosure56
  11. Feb 14, 20238-K Executive or director change; Regulation FD disclosure57
  12. Oct 31, 20228-K Other events58
  13. Aug 8, 2018New chief executive Robert Wayne Drummond Jr. becomes CEO11

Calendar

When it reported results

  1. Jul 25, 2023Reported quarterly or annual results51
  2. Apr 25, 2023Reported quarterly or annual results54
  3. Feb 15, 2023Reported quarterly or annual results56
  4. Oct 25, 2022Reported quarterly or annual results59
  5. Jul 26, 2022Reported quarterly or annual results60
  6. Apr 27, 2022Reported quarterly or annual results61
  7. Feb 22, 2022Reported quarterly or annual results62
  8. Jan 3, 2022Reported quarterly or annual results63

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

191 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 28 major events, 95 insider forms, 11 large holders, 49 other. The latest 20:

  1. Sep 12, 202315-12G EDGAR
  2. Sep 8, 2023EFFECT EDGAR
  3. Sep 5, 20234/A EDGAR
  4. Sep 1, 20238-K EDGAR
  5. Sep 1, 20234 EDGAR
  6. Sep 1, 20234 EDGAR
  7. Sep 1, 20234 EDGAR
  8. Sep 1, 20234 EDGAR
  9. Sep 1, 20234 EDGAR
  10. Sep 1, 20234 EDGAR
  11. Sep 1, 20234 EDGAR
  12. Sep 1, 20234 EDGAR
  13. Sep 1, 20234 EDGAR
  14. Sep 1, 20234 EDGAR
  15. Sep 1, 20234 EDGAR
  16. Sep 1, 20234 EDGAR
  17. Sep 1, 20234 EDGAR
  18. Sep 1, 20234 EDGAR
  19. Sep 1, 2023POSASR EDGAR
  20. Sep 1, 2023POS AM EDGAR

The 191 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

26 open-market trades by officers, directors and large owners since October 2021: 0 buys and 26 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 8, 2023Drummond Robert Wayne JrPresident & CEOSale100,000$11.51$1.2MForm 4
Aug 7, 2023Drummond Robert Wayne JrPresident & CEOSale125,000$11.56$1.4MForm 4
Aug 2, 2023McDonald Kevin MEVP, Chief Admin. Officer & GCSale100,000$11.70$1.2MForm 4
Aug 2, 2023Drummond Robert Wayne JrPresident & CEOSale250,000$11.69$2.9MForm 4
Jul 20, 2023Iluyomade OladipoChief Accounting OfficerSale4,000$11.50$46.0KForm 4
Jul 18, 2023Iluyomade OladipoChief Accounting OfficerSale2,491$11.00$27.4KForm 4
Mar 6, 2023Iluyomade OladipoChief Accounting OfficerSale12,833$10.68$137.1KForm 4
Nov 9, 2022STEWART JAMES CARLDirectorSale272,716$9.93$2.7MForm 4
Nov 8, 2022STEWART JAMES CARLDirectorSale127,284$10.33$1.3MForm 4
Jun 3, 2022STEWART JAMES CARLDirectorSale57,500$12.00$690.0KForm 4
Jun 3, 2022McDonald Kevin MEVP, Chief Admin. Officer & GCSale50,000$12.02$601.0KForm 4
Jun 3, 2022Pucheu KennethChief Financial OfficerSale40,000$12.02$480.8KForm 4
May 26, 2022Pucheu KennethChief Financial OfficerSale23,500$11.02$259.0KForm 4
May 26, 2022McDonald Kevin MEVP, Chief Admin. Officer & GCSale23,310$11.02$256.9KForm 4
May 25, 2022Pucheu KennethChief Financial OfficerSale25,900$11.00$284.9KForm 4
May 25, 2022McDonald Kevin MEVP, Chief Admin. Officer & GCSale26,090$11.00$287.0KForm 4
May 24, 2022Pucheu KennethChief Financial OfficerSale600$11.00$6.6KForm 4
May 24, 2022McDonald Kevin MEVP, Chief Admin. Officer & GCSale600$11.00$6.6KForm 4
May 3, 2022Keane Investor Holdings LLC10% ownerSale7,000,000$10.80$75.6MForm 4
Mar 15, 2022McKie Michael JosephPres., Alamo Pressure PumpingSale454,600$8.55$3.9MForm 4

All 26 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How NEXTIER OILFIELD SOLUTIONS INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARNEXTIER OILFIELD SOLUTIONS INC.1
  • CIK0001688476
  • Filer statusLarge accelerated filer1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)1389 Oil & Gas Field Services, NEC1
  • Business address3990 Rogerdale Rd., Houston, TX 770421
  • Phone713-325-60001
  • Shares outstanding228,552,549 as of Jul 24, 20239
  • Public float$1.8B as of Jun 30, 20223
  • On EDGAR sinceNov 10, 20161
  • Filings615 in all: 4 (238), 8-K (95), 425 (49), 3 (43), 10-Q (20), 4/A (17), SC 13G/A (17), CORRESP (12)1
    All 44 form types

    SC 13G (11), UPLOAD (11), DEFA14A (8), 10-K (7), 144 (6), 8-K/A (6), DEF 14A (6), EFFECT (6), S-8 POS (6), 424B7 (5), POS AM (4), S-1/A (4), S-8 (4), SD (4), 3/A (3), 424B1 (3), SC 13D/A (3), 10-Q/A (2), DRS (2), POSASR (2), S-1 (2), S-1MEF (2), S-3ASR (2), S-4/A (2), SC 13D (2), 10-K/A (1), 15-12G (1), 25-NSE (1), 424B3 (1), 8-A12B (1), ARS (1), CERTNYS (1), DEFM14A (1), DRSLTR (1), PRE 14A (1), S-4 (1)

  • Latest filingsAnnual report (10-K) Feb 16, 2023
    Quarterly report (10-Q) Jul 26, 2023
    Proxy statement (DEF 14A) Apr 28, 2023
    Latest 8-K (8-K) Sep 1, 2023

Sources

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