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NR Newpark Resources

Newpark Resources, Inc. is a worldwide provider of value-added drilling fluids systems and composite matting systems used in oilfield and other commercial markets. Industry partners include American Petroleum Institute, Independent Petroleum Association of America - IPAA, US Chamber of Commerce et al. The company was founded in 1932 and is based in The Woodlands, Texas. In 2013, the company was awarded as one of the Top Customer Satisfaction companies in the Annual EnergyPoint Research Global Oil & Gas Industry Survey. The enterprise value of the company is $1.14 billion. The company operates its business through three segments globally, mainly in regions including North America, Europe, Middle East and Africa. In detail, Mats and Integrated Service Segment provides services for United States, and Environmental Service Segment, which was sold for $100 million to Ecoserv LLC in 2014, serves United States Gulf Coast.

Company profile

NR stock data

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Calendar

5 May 21
30 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
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Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
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Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 40.01M 40.01M 40.01M 40.01M 40.01M 40.01M
Cash burn (monthly) (positive/no burn) 1.39M 774K 6.91M (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 5.54M 3.1M 27.64M n/a n/a
Cash remaining n/a 34.46M 36.91M 12.36M n/a n/a
Runway (months of cash) n/a 24.9 47.7 1.8 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Jul 21 Paterson David A Common Stock Payment of exercise Dispose F No No 2.93 12,175 35.67K 157,941
15 Jul 21 Paterson David A Common Stock Option exercise Aquire M No No 0 50,000 0 170,116
15 Jul 21 Paterson David A RSU Common Stock Option exercise Dispose M No No 0 12,175 0 161,523
1 Jun 21 Howes Paul L Common Stock Payment of exercise Dispose F No No 3.51 16,828 59.07K 1,206,325
1 Jun 21 Howes Paul L Common Stock Option exercise Aquire M No No 0 42,767 0 1,223,153
1 Jun 21 Howes Paul L Common Stock Payment of exercise Dispose F No No 3.51 26,533 93.13K 1,180,386
1 Jun 21 Howes Paul L Common Stock Option exercise Aquire M No No 0 67,430 0 1,206,919
1 Jun 21 Howes Paul L Common Stock Payment of exercise Dispose F No No 3.51 54,491 191.26K 1,139,489
1 Jun 21 Howes Paul L Common Stock Option exercise Aquire M No No 0 138,479 0 1,193,980
1 Jun 21 Howes Paul L RSU Common Stock Option exercise Dispose M No No 0 42,767 0 344,387

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

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Total holders 0 0
Opened positions 0 0
Closed positions 0 0
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Total shares 0 0
Total puts 0 0
Total calls 0 0
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Financial report summary

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Risks
  • Risks Related to the COVID-19 Pandemic
  • Risks Related to the Worldwide Oil and Natural Gas Industry
  • Risks Related to Customer Concentration and Reliance on the U.S. E&P Market
  • Risks Related to International Operations
  • Risks Related to Operating Hazards Present in the Oil and Natural Gas Industry and Substantial Liability Claims, Including Catastrophic Well Incidents
  • Risks Related to Contracts that Can Be Terminated or Downsized by Our Customers Without Penalty
  • Risks Related to Product Offering Expansion
  • Risks Related to Our Ability to Attract, Retain, and Develop Qualified Leaders, Key Employees, and Skilled Personnel
  • Risks Related to the Availability of Raw Materials
  • Risks Related to Business Acquisitions and Capital Investments
  • Risks Related to Market Competition
  • Risks Related to Technological Developments and Intellectual Property in Our Industry
  • Risks Related to Severe Weather, Natural Disasters, and Seasonality
  • Risks Related to the Cost and Continued Availability of Borrowed Funds, including Risks of Noncompliance with Debt Covenants
  • Risks Related to Environmental Laws and Regulations
  • Risks Related to Legal Compliance
  • Risks Related to the Inherent Limitations of Insurance Coverage
  • Risks Related to Income Taxes
  • Risks Related to Cybersecurity Breaches or Business System Disruptions
  • Risks Related to Compliance with the New York Stock Exchange’s Requirements for the Continued Listing of Our Common Stock
  • Risks Related to Our Amended and Restated Bylaws, Which Designate the Court of Chancery of the State of Delaware as the Sole and Exclusive Forum for Certain Types of Actions and Proceedings that May Be Initiated by Our Stockholders, and the U.S. Federal District Courts in Wilmington County, Delaware as the Exclusive Forum for Securities Act Claims, Which Could Limit Our Stockholders’ Ability to Obtain What Such Stockholders Believe To Be a Favorable Judicial Forum for Disputes with Us or Our Directors, Officers or Other Employees.
Management Discussion
  • ITEM 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • We are a geographically diversified supplier providing products, as well as rentals and services. We operate our business through two reportable segments: Fluids Systems and Industrial Solutions. Our Fluids Systems segment provides customized drilling, completion, and stimulation fluids solutions to oil and natural gas exploration and production (“E&P”) customers primarily in North America and Europe, the Middle East and Africa (“EMEA”), as well as certain countries in Asia Pacific and Latin America. Our Industrial Solutions segment includes our Site and Access Solutions business (historically reported as the Mats and Integrated Services segment), along with our Industrial Blending operations. 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 electrical transmission & distribution, E&P, pipeline, renewable energy, petrochemical, construction and other industries, primarily in the United States and Europe. We also sell our manufactured composite mats to customers around the world. Our Industrial Blending operations began in 2020, leveraging our chemical blending capacity and technical expertise to enter targeted industrial end-markets.
  • •End-market diversification – To help reduce our dependency on customers in the volatile E&P industry, improve the stability in cash flow generation and returns on invested capital, and provide growth opportunities into new markets, we have focused our efforts over the past several years on diversifying our presence outside of our historical E&P customer base. These efforts have been primarily focused within our Site and Access Solutions business, where we have prioritized growth in electrical transmission and distribution, pipeline, renewable energy, and construction markets. In 2020, our Industrial Solutions segment generated $138 million of revenues, including approximately $100 million from electrical transmission and distribution and other non-E&P markets. The continued diversification of our revenues, including end-markets that are likely to benefit from ongoing energy transition efforts around the world, such as electrical transmission and distribution, renewable energy, and geothermal, remains a strategic priority going forward, and we anticipate that our capital investments will primarily focus on industrial end-market expansion.
Content analysis
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