NEW YORK, September 11, 2015 /PRNewswire/ --
ACI Association has initiated research coverage on Nuverra
Environmental Solutions, Inc. (NYSE: NES). Select
highlights from the internally released reports are being made
available to the general public (included below), with access to
the entirety of the research available to new members.
Today, membership is open to readers on a complementary basis at
the following URL:
http://www.aciassociation.com/reports?keyword=NES
Highlights from our NES Report include:
- Top-line Review - On August 10,
2015, Nuverra Environmental Solutions, Inc. (Nuverra)
announced results for the second quarter ended June 30, 2015. Impacted by a considerable
reduction in overall water logistics, solids management and rental
activities in the Rocky Mountain Division, revenue from continuing
operations witnessed an approximately $34.4
million or 27.1% YoY decrease and stood at $92.4 million in Q2 2015, compared with a revenue
of $126.9 million recorded in the
year ago period.
- Decline in EBITDA margin - Nuverra's EBITDA from
continuing operations showed an increase of $194,000 or 2.0% year-over-year to $10.1 million in Q2 2015. However, adjusted
EBITDA from continuing operations stood at $12.3 million in Q2 2015, as against $22.9 million in Q2 2014, marking an annual
decline by 46.3%. The decline was caused by the lower overall base
of fluids logistics, solids management and rental revenue driven
primarily by significant declines in the Rocky Mountain
Division.
- Bottom-line - The Company's net loss from continuing
operations narrowed to $20.6 million,
or a loss of $0.75 per diluted share
in Q2 2015, compared to a loss of $24.7
million, or a loss of $0.97
per diluted share, in the second quarter of the previous year.
Adjusted net loss from continuing operations, excluding special
items, was $18.5 million for Q2 2015,
or a loss of $0.67 per diluted share,
compared with adjusted net loss from continuing operations of
$11.6 million, or a loss of
$0.45 per share in the second quarter
of 2014.
- YTD Results - Year to date (YTD), revenue from
continuing operations declined 17.0% to $211.5 million, as against revenue of
$254.9 million for the same period in
2014. Adjusted EBITDA from continuing operations stood at
$31.0 million, down 25.8% YoY.
Adjusted EBITDA margin for the 2015 YTD period was 14.6%, compared
with 16.4% in the same period of 2014. Further, net loss from
continuing operations was $32.6
million, or a loss of $1.18
per diluted share, compared with a loss of $36.6 million, or a loss of $1.45 per diluted share, for the same period in
2014.
To find out how this influences our rating on Nuverra
Environmental Solutions, Inc., read the full report in its entirety
here: http://www.aciassociation.com/reports?keyword=NES
--
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