NEXTIER OILFIELD SOLUTIONS INC. [NEX] posts $314.97M profit as revenue rises 127.96% to $3,244.82M

NEXTIER OILFIELD SOLUTIONS INC. [NEX] posted a profit of $314.97M, marking a rise of 363.74% for this year.

Revenue rose to $3,244.82M this year compared to $1,423.44M in the previous year.

The Texas(TX)-based company’s earnings per share came in at 1.26

According to the latest annual report the company has filed with the SEC, current earnings were $314.97M, up 363.74% from $-119.42M.

The company’s net sales for the period were $3,244.82M, up 127.96%. Net sales in the previous year were $1,423.44M.