Heckmann Corporation (NYSE: HEK) ended an exciting 2012 on a great note, smashing normalized earnings per share in the fourth quarter by $0.27. The future looks great for the revamped Heckmann, soon to be Nuverra Environmental Services, after completing the two blockbuster acquisitions of Thermo Fluids and Power Fuels, which transformed the company into an oil-heavy service provider. The new integrated company looks to grow revenue to $750 million in 2013, which would effectively expand the company by 50 times in four years. Check out the video below for more information on Heckmann's fourth-quarter earnings release.
Heckmann is moving away from natural gas services to become an oil-heavy niche service provider.
Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool recommends National Oilwell Varco. The Motley Fool owns shares of Heckmann and National Oilwell Varco and has the following options: Long Jan 2014 $20 Calls on Chesapeake Energy, Long Jan 2014 $30 Calls on Chesapeake Energy, Short Jan 2014 $15 Puts on Chesapeake Energy, Long Jan 2014 $4 Calls on Heckmann, and Short Jan 2014 $3 Puts on Heckmann. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Related Articles
This 6.4%-Yielding Dividend Stock Remains an Extremely Safe Option for Passive Income
Chevron the Venture Capitalist: The Oil Giant Is Pumping $500 Million Into the Future of Energy
Time to Pounce: 2 Superb Utility Stocks That Haven't Been This Cheap in at Least 10 Years
3 Reasons to Buy Enterprise Product Parters (EPD) Stock Like There's No Tomorrow
2 Reliable Dividend Stocks to Buy Hand Over Fist and 1 to Avoid
643%
Premium Investing Services
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.