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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