Newpark Resources Inc
NYSE:NR

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Newpark Resources Inc
NYSE:NR
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Price: 7.24 USD -1.5%
Market Cap: 626.3m USD

Newpark Resources Inc
Investor Relations

Newpark Resources, Inc. engages in the provision of products, rentals and services to the oil and gas exploration and production industry. The company is headquartered in The Woodlands, Texas and currently employs 1,565 full-time employees. Its segments include Industrial Solutions and Fluids Systems. The Industrial Solutions segment includes Site and Access Solutions business, along with Industrial Blending operations. Its Site and Access Solutions provides composite matting system rentals utilized for temporary worksite access, along with related site construction and services to customers in various markets including power transmission, oil and natural gas exploration and production (E&P), pipeline, renewable energy, petrochemical, construction and other industries in the United States and Europe. Its Fluids Systems segment provides customized drilling, completion, and stimulation fluids products and technical services to E&P customers in North America and Europe, the Middle East and Africa (EMEA), as well as certain countries in Asia Pacific and Latin America.

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Earnings Calls

2024 Q3
Nov 8, 2024
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Quarterly Revenue Decline and Strong Fourth Quarter Outlook
2024 Q3
Nov 8, 2024

In the third quarter, the company's revenue fell 23% year-over-year to $44 million, driven by seasonal slowdowns and unexpected maintenance at a key facility, impacting adjusted EBITDA by nearly $5 million. However, a rapid recovery in activity since late September positions the company for a strong finish to 2024, with record rental volume achieved in October. For 2025, the company anticipates a shift toward higher-margin specialty rental services. Revenue guidance for the full year is revised down to $217-$223 million, and EBITDA guidance is adjusted to $77-$81 million, with a focus on optimizing cost structures and regional expansions.

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Management

Mr. Matthew S. Lanigan
President, CEO & Director
No Bio Available
Mr. Gregg S. Piontek CPA
Senior VP & CFO
No Bio Available
Ms. M. Celeste Fruge
VP, General Counsel, Chief Compliance Officer & Corporate Secretary
No Bio Available
Mr. David A. Paterson
Corporate VP & President of Fluids Systems
No Bio Available
Ms. Lori A. Briggs
Corporate VP & President of Industrial Solutions
No Bio Available
Mr. Douglas L. White CPA
VP, Chief Accounting Officer & Treasurer
No Bio Available

Contacts

Address
TEXAS
The Woodlands
9320 Lakeside Blvd Ste 100
Contacts
+12813626800.0
www.newpark.com