NextTier Oilfield Solutions Sees Q3 Capital Expenditures Down To $85M
Portfolio Pulse from Benzinga Newsdesk
NextTier Oilfield Solutions has projected its Q3 capital expenditures to decrease to $85 million.
July 25, 2023 | 8:13 pm
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NextTier Oilfield Solutions expects a decrease in Q3 capital expenditures to $85 million.
A decrease in capital expenditures could indicate that the company is cutting back on investments, which could be a sign of financial distress or a strategic move to conserve cash. This could potentially impact the company's growth prospects, which may negatively affect the stock price in the short term.
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