Nuverra Environmental Solutions is one of the largest companies in the United States that handles transportation and disposal of shale drilling wastewater and leftover rock and dirt from drilling. The company has major operations in the Marcellus/Utica region. In January the company, going through tough economic times, was de-listed from the New York Stock Exchange (see Nuverra Environmental Delisted from NYSE, Now a Penny Stock). At last check-in in December, we noted that the company continues to struggle (see Nuverra Environmental Line of Credit Expanded, Payback Extended). Although it’s a bit later than others, Nuverra has just released its full year 2016 update. What do the numbers show? While Nuverra lost $195 million in 2015, it narrowed the loss in 2016–losing “only” $169 million for the year. Still not great, but better than it was. Here’s the update…
Nuverra Environmental Solutions is one of the largest companies in the United States that handles transportation and disposal of shale drilling wastewater and leftover rock and dirt from drilling. The company has major operations in the Marcellus/Utica region. In January the company, going through tough economic times, was de-listed from the New York Stock Exchange (see 