Exhibit

The Company closed its private exchange offer (the “Exchange Offer”) during the second quarter by delivering to tendering holders of the Company’s 9.875% Senior Notes due 2018 (the “2018 Notes”) $327.2 million in aggregate principal amount of new Senior Second-Lien Notes due 2021 (the “2021 Notes”) and $32.3 million in shares of common stock converted at $0.32 to those tendering holders who elected to exchange for common stock. Additionally, the Company closed on a new $24.0 million principal amount first-lien term loan (the “Term Loan”) due 2018. As part of the Exchange Offer, tendering holders of the 2018 Notes, other than the Chairman of the Board and Chief Executive Officer, Mark D. Johnsrud, received penny warrants to purchase up to 10% of our then-outstanding common stock, subject to certain anti-dilution provisions. As a commitment fee for entering into the Term Loan, the lenders received penny warrants to purchase up to 5% of our then-outstanding common stock, subject to certain anti-dilution provisions. Upon settlement of the Exchange Offer, there remained outstanding $40.4 million in aggregate principal amount of 2018 Notes.

Mark D. Johnsrud stated, “While our second quarter results reflect the ongoing impact of lower overall customer drilling and completion activities and continued pricing pressures, we have taken aggressive steps to reduce costs and expenses and, as a result, achieved a $50.1 million or 50.6% decrease in total costs and expenses, adjusted for special items, compared to the second quarter of 2015. Despite the prolonged decline in customer activity, intense price competition and resulting impact on our top-line revenue, Nuverra reported positive Adjusted EBITDA for the second quarter, which is a direct result of our aggressive approach to cost management during this downturn.”

For the second quarter of 2016, the Company reported a net loss from continuing operations of $40.6 million, or a loss of $0.60 per diluted share. Special items in the second quarter totaled approximately $11.2 million and primarily included $8.4 million in legal and professional fees associated with the Company’s Exchange Offer, $2.7 million for an asset impairment charge related to assets classified as held-for-sale, partially offset by a $1.7 million gain on the sale of our cost method investment in Underground Solutions, Inc. ("UGSI") and a $1.0 million gain on the change in fair value of the derivative warrant liability. Additionally, special items included the loss on the sale of underutilized assets, severance-related charges, stock-based compensation expense, and the write off of a portion of the unamortized deferred financing costs associated with an amendment to the asset-based credit facility (the “ABL Credit Facility”). Excluding the impact of these special items, first-quarter loss from continuing operations was $29.4 million, or a loss of $0.43 per diluted share. This compares with a loss from continuing operations, adjusted for special items, of $26.4 million, or a loss of $0.95 per diluted share in the first quarter of 2016. The Company reported a loss from continuing operations, adjusted for special items, of $18.5 million, or a loss of $0.67 per diluted share in the second quarter of 2015.

YTD net loss from continuing operations was $67.9 million, or a loss of $1.42 per diluted share, compared with a loss of $32.6 million, or a loss of $1.18 per diluted share, for the same period in 2015. Excluding special items, YTD adjusted net loss from continuing operations was $55.9 million, or a loss of $1.17 per diluted share, compared with adjusted net loss from continuing operations of $29.8 million, or a loss of $1.08 per diluted share in 2015. The $12.0 million in YTD special items primarily included $8.4 million in legal and professional fees associated with the Company’s Exchange Offer, $2.7 million for an asset impairment charge related to assets classified as held-for-sale, partially offset by a $1.7 million gain on the sale UGSI and a $1.0 million gain on the change in fair value of the derivative warrant liability. Additionally, special items included the loss on the sale of underutilized assets, severance-related charges, stock-based compensation expense, and the write off of a portion of the unamortized deferred financing costs associated with an amendment to the ABL Credit Facility.

On June 29, 2016, the Company amended its ABL Credit Facility with new terms that included a reduction in total commitments to $85 million, and a modification to the minimum EBITDA financial maintenance covenant which deferred the applicable periods for measurement and reduced the applicable amounts required to be achieved for each period. In addition, the amendment changed the scheduled maturity date of the ABL Credit Facility from January 15, 2018 to December 31, 2016, but added a covenant requiring the Company to refinance the ABL Credit Facility in full on or before September 30, 2016. Total liquidity as of June 30, 2016, consisting almost entirely of available borrowings under the ABL Credit Facility, was $12.9 million.

As of June 30, 2016, total debt outstanding was $464.6 million, including $40.4 million of 2018 Notes, $335.7 million of 2021 Notes, $24.7 million under a Term Loan, $48.1 million under the ABL Facility, and $15.6 million in capital leases and notes payable. The Company made cumulative payments, net of proceeds received, during the six months ended June 30, 2016 of $53.7 million to reduce total debt outstanding under the ABL Credit Facility. The Company remains current with all payment obligations due on its outstanding debt and is in compliance with all related covenants.

Nuverra Environmental Solutions is among the largest companies in the United States dedicated to providing comprehensive, full-cycle environmental solutions to customers in the energy market. Nuverra focuses on the delivery, collection, treatment, recycling, and disposal of restricted solids, water, wastewater, waste fluids and hydrocarbons. The Company provides its suite of environmentally compliant and sustainable solutions to customers who demand stricter environmental compliance and accountability from their service providers. Find additional information about Nuverra in documents filed with the U.S. Securities and Exchange Commission (SEC) at http://www.sec.gov.

This press release contains "forward-looking" statements, including, without limitation, those that involve risks and uncertainties, including statements regarding any remaining transactions contemplated by the RSA or any benefits expected from the Company’s debt restructuring. These statements relate to future plans, objectives, expectations and intentions and are for illustrative purposes only. These statements may be identified by the use of words such as "believe," "expect," "intend," "plan," "anticipate," "likely," "will," "could," "estimate," "may," "potential," "should," "would," and similar expressions. There can be no assurance that all or any portion of the aforementioned transactions will be consummated on the terms summarized herein or at all. The forward-looking statements contained, or incorporated by reference, herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with the Securities and Exchange Commission and other factors discussed in the Form 8-K. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's views as of the date of the Form 8-K. The Company undertakes no obligation to update any of the forward-looking statements made in the Form 8-K, whether as a result of new information, future events, changes in expectations or otherwise.



	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2016			2015			2016			2015
Revenue:
Non-rental revenue	$	31,369		$	85,530		$	75,395		$	192,540
Rental revenue	2,609			6,897			5,558			18,999
Total revenue	33,978			92,427			80,953			211,539
Costs and expenses:
Direct operating expenses	30,283			71,574			68,900			159,573
General and administrative expenses	14,204			9,697			21,656			22,397
Depreciation and amortization	15,206			18,296			31,051			35,778
Impairment of long-lived assets	2,664			—			2,664			—
Other, net	—			429			—			1,112
Total costs and expenses	62,357			99,996			124,271			218,860
Operating loss	(28,379		)	(7,569		)	(43,318		)	(7,321		)
Interest expense, net	(13,973		)	(12,452		)	(26,018		)	(25,040		)
Other income, net	2,771			400			2,929			721
Loss on extinguishment of debt	(284		)	(1,011		)	(674		)	(1,011		)
Loss from continuing operations before income taxes	(39,865		)	(20,632		)	(67,081		)	(32,651		)
Income tax (expense) benefit	(773		)	(15		)	(828		)	9
Loss from continuing operations	(40,638		)	(20,647		)	(67,909		)	(32,642		)
Loss from discontinued operations, net of income taxes	(1,290		)	(2,089		)	(1,235		)	(1,168		)
Net loss attributable to common shareholders	$	(41,928	)	$	(22,736	)	$	(69,144	)	$	(33,810	)

Net loss per common share attributable to common shareholders:
Basic and diluted loss from continuing operations	$	(0.60	)	$	(0.75	)	$	(1.42	)	$	(1.18	)
Basic and diluted loss from discontinued operations	(0.02		)	(0.08		)	(0.03		)	(0.04		)
Net loss per basic and diluted common share	$	(0.62	)	$	(0.83	)	$	(1.45	)	$	(1.22	)

Weighted average shares outstanding used in computing net loss per basic and diluted common share	67,699			27,679			47,803			27,546



	June 30,			December 31,
	2016			2015
Assets				(Note 1)
Cash and cash equivalents	$	303		$	39,309
Restricted cash	5,504			4,250
Accounts receivable, net	19,996			42,188
Inventories	2,606			2,985
Prepaid expenses and other receivables	3,407			3,377
Other current assets	4,189			2,372
Assets held for sale	2,902			—
Total current assets	38,907			94,481
Property, plant and equipment, net	366,322			406,188
Equity investments	574			3,750
Intangibles, net	15,562			16,867
Other assets	573			1,333
Total assets	$	421,938		$	522,619
Liabilities and Shareholders' Deficit
Accounts payable	$	6,173		$	6,907
Accrued liabilities	21,476			29,843
Current contingent consideration	—			8,628
Current portion of long-term debt	56,427			499,709
Derivative warrant liability	6,201			—
Total current liabilities	90,277			545,087
Deferred income taxes	317			270
Long-term debt	394,174			11,758
Long-term contingent consideration	8,500			—
Other long-term liabilities	3,723			3,775
Total liabilities	496,991			560,890
Commitments and contingencies
Shareholders' deficit:
Common stock	131			30
Additional paid-in capital	1,402,191			1,369,921
Treasury stock	(19,809		)	(19,800		)
Accumulated deficit	(1,457,566		)	(1,388,422		)
Total shareholders' deficit	(75,053		)	(38,271		)
Total liabilities and shareholders' deficit	$	421,938		$	522,619



	Six Months Ended
	June 30,
	2016			2015
Cash flows from operating activities:
Net loss	$	(69,144	)	$	(33,810	)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Income from discontinued operations, net of income taxes	—			(906		)
Loss on the sale of TFI	1,235			2,074
Depreciation and amortization of intangible assets	31,051			35,778
Amortization of debt issuance costs, net	2,587			2,438
Stock-based compensation	656			1,516
Impairment of long-lived assets	2,664			—
Gain on sale of UGSI	(1,694		)	—
Loss (gain) on disposal of property, plant and equipment	727			(1,312		)
Bad debt expense	254			(208		)
Change in fair value of derivative warrant liability	(1,023		)	—
Loss on extinguishment of debt	674			1,011
Deferred income taxes	48			1
Other, net	(33		)	316
Changes in operating assets and liabilities:
Accounts receivable	21,938			47,719
Prepaid expenses and other receivables	(146		)	(5,273		)
Accounts payable and accrued liabilities	118			(8,113		)
Other assets and liabilities, net	(2,506		)	1,105
Net cash (used in) provided by operating activities from continuing operations	(12,594		)	42,336
Net cash used in operating activities from discontinued operations	—			(708		)
Net cash (used in) provided by operating activities	(12,594		)	41,628
Cash flows from investing activities:
Proceeds from the sale of TFI	—			78,897
Proceeds from the sale of property, plant and equipment	5,995			3,448
Purchases of property, plant and equipment	(2,133		)	(10,807		)
Proceeds from the sale of UGSI	4,979			—
Change in restricted cash	(1,254		)	(4,250		)
Net cash provided by investing activities from continuing operations	7,587			67,288
Net cash used in investing activities from discontinued operations	—			(181		)
Net cash provided by investing activities	7,587			67,107
Cash flows from financing activities:
Proceeds from revolving credit facility	76,979			—
Payments on revolving credit facility	(130,667		)	(81,647		)
Proceeds from term loan	24,000			—
Payments for deferred financing costs	(985		)	—
Payments on vehicle financing and other financing activities	(3,326		)	(7,765		)
Net cash used in financing activities from continuing operations	(33,999		)	(89,412		)
Net cash used in financing activities from discontinued operations	—			(105		)
Net cash used in financing activities	(33,999		)	(89,517		)
Net (decrease) increase in cash and cash equivalents	(39,006		)	19,218
Cash and cash equivalents - beginning of period	39,309			15,416
Cash and cash equivalents - end of period	303			34,634
Less: cash and cash equivalents of discontinued operations - end of period	—			—
Cash and cash equivalents of continuing operations - end of period	$	303		$	34,634

This press release contains non-GAAP financial measures as defined by the rules and regulations of the United States Securities and Exchange Commission. A non-GAAP financial measure is a numerical measure of a company’s historical or future financial performance, financial position or cash flows that excludes amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the most directly comparable measure calculated and presented in accordance with GAAP in the statements of operations or balance sheets of the Company; or includes amounts, or is subject to adjustments that have the effect of including amounts, that are excluded from the most directly comparable measure so calculated and presented. Reconciliations of these non-GAAP financial measures to their comparable GAAP financial measures are included in the attached financial tables.

These non-GAAP financial measures are provided because management of the Company uses these financial measures in maintaining and evaluating the Company’s ongoing financial results and trends. Management uses this non-GAAP information as an indicator of business results, and evaluates overall performance with respect to such indicators. Management believes that excluding items such as acquisition expenses, amortization of intangible assets, stock-based compensation, asset impairments, restructuring charges, expenses related to litigation and resolution of lawsuits, and other charges, which may or may not be non-recurring, among other items that are inconsistent in amount and frequency (as with acquisition expenses), or determined pursuant to complex formulas that incorporate factors, such as market volatility, that are beyond our control (as with stock-based compensation), for purposes of calculating these non-GAAP financial measures facilitates a more meaningful evaluation of the Company’s current operating performance and comparisons to the past and future operating performance. The Company believes that providing non-GAAP financial measures such as EBITDA, adjusted EBITDA, adjusted net income (loss), and adjusted net income (loss) per share, in addition to related GAAP financial measures, provides investors with greater transparency to the information used by the Company’s management. These non-GAAP financial measures are not substitutes for measures of performance or liquidity calculated in accordance with GAAP and may not necessarily be indicative of the Company's liquidity or ability to fund cash needs. Not all companies calculate non-GAAP financial measures in the same manner, and our presentation may not be comparable to the presentations of other companies.



	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2016			2015			2016			2015
Loss from continuing operations	$	(40,638	)	$	(20,647	)	$	(67,909	)	$	(32,642	)
Depreciation and amortization	15,206			18,296			31,051			35,778
Interest expense, net	13,973			12,452			26,018			25,040
Income tax expense (benefit)	773			15			828			(9		)
EBITDA	(10,686		)	10,116			(10,012		)	28,167
Adjustments:
Transaction-related costs, including earnout adjustments, net	2			177			(117		)	(132		)
Stock-based compensation	288			727			656			1,516
Change in fair value of derivative warrant liability	(1,023		)	—			(1,023		)	—
Legal and environmental costs, net	8,642			397			10,117			404
Impairment of long-lived assets	2,664			—			2,664			—
Restructuring, exit and other costs	59			513			(113		)	1,335
Loss on extinguishment of debt	284			1,011			674			1,011
Gain on sale of UGSI	(1,694		)	—			(1,694		)	—
Loss (gain) on disposal of assets	1,784			(658		)	727			(1,312		)
Adjusted EBITDA from continuing operations	320			12,283			1,879			30,989
Adjusted EBITDA from discontinued operations	—			7			—			1,197
Total Adjusted EBITDA	$	320		$	12,290		$	1,879		$	32,186



Three months ended June 30, 2016	Rocky Mountain			Northeast			Southern			Corporate			Total
Revenue	$	18,952		$	7,688		$	7,338		$	—		$	33,978
Direct operating expenses	16,232			8,126			5,925			—			30,283
General and administrative expenses	1,695			339			973			11,197			14,204
Depreciation and amortization	7,792			3,426			3,919			69			15,206
Operating loss	(6,767		)	(6,556		)	(3,790		)	(11,266		)	(28,379		)
Operating margin %	(35.7		)%	(85.3		)%	(51.6		)%	NA			(83.5		)%
Loss from continuing operations before income taxes	(6,818		)	(6,669		)	(3,825		)	(22,553		)	(39,865		)

Loss from continuing operations	(6,818		)	(6,669		)	(3,825		)	(23,326		)	(40,638		)
Depreciation and amortization	7,792			3,426			3,919			69			15,206
Interest expense, net	106			109			38			13,720			13,973
Income tax expense	—			—			—			773			773
EBITDA	$	1,080		$	(3,134	)	$	132		$	(8,764	)	$	(10,686	)

Adjustments, net	2,528			2,009			150			6,319			11,006
Adjusted EBITDA from continuing operations	$	3,608		$	(1,125	)	$	282		$	(2,445	)	$	320
Adjusted EBITDA margin %	19.0		%	(14.6		)%	3.8		%	NA			0.9		%



Three months ended June 30, 2015	Rocky Mountain			Northeast			Southern			Corporate			Total
Revenue	$	47,601		$	27,411		$	17,415		$	—		$	92,427
Direct operating expenses	36,107			21,996			13,471			—			71,574
General and administrative expenses	1,322			1,021			1,219			6,135			9,697
Depreciation and amortization	8,801			4,060			5,195			240			18,296
Operating income (loss)	1,371			295			(2,468		)	(6,767		)	(7,569		)
Operating margin %	2.9		%	1.1		%	(14.2		)%	NA			(8.2		)%
Income (loss) from continuing operations before income taxes	1,805			(200		)	(2,628		)	(19,609		)	(20,632		)

Income (loss) from continuing operations	1,805			(206		)	(2,632		)	(19,614		)	(20,647		)
Depreciation and amortization	8,801			4,060			5,195			240			18,296
Interest expense, net	144			436			41			11,831			12,452
Income tax expense	—			6			4			5			15
EBITDA	$	10,750		$	4,296		$	2,608		$	(7,538	)	$	10,116

Adjustments, net	14			371			(669		)	2,451			2,167
Adjusted EBITDA from continuing operations	$	10,764		$	4,667		$	1,939		$	(5,087	)	$	12,283
Adjusted EBITDA margin %	22.6		%	17.0		%	11.1		%	NA			13.3		%



Six months ended June 30, 2016	Rocky Mountain			Northeast			Southern			Corporate			Total
Revenue	$	43,857		$	20,465		$	16,631		$	—		$	80,953
Direct operating expenses	35,790			19,694			13,416			—			68,900
General and administrative expenses	3,547			1,529			1,893			14,687			21,656
Depreciation and amortization	15,871			7,309			7,733			138			31,051
Operating loss	(11,351		)	(10,420		)	(6,722		)	(14,825		)	(43,318		)
Operating margin %	(25.9		)%	(50.9		)%	(40.4		)%	NA			(53.5		)%
Loss from continuing operations before income taxes	(11,470		)	(10,600		)	(6,751		)	(38,260		)	(67,081		)

Loss from continuing operations	(11,470		)	(10,600		)	(6,751		)	(39,088		)	(67,909		)
Depreciation and amortization	15,871			7,309			7,733			138			31,051
Interest expense, net	204			250			86			25,478			26,018
Income tax expense	—			—			—			828			828
EBITDA	$	4,605		$	(3,041	)	$	1,068		$	(12,644	)	$	(10,012	)

Adjustments, net	2,713			1,726			(198		)	7,650			11,891
Adjusted EBITDA from continuing operations	$	7,318		$	(1,315	)	$	870		$	(4,994	)	$	1,879
Adjusted EBITDA margin %	16.7		%	(6.4		)%	5.2		%	NA			2.3		%



Six months ended June 30, 2015	Rocky Mountain			Northeast			Southern			Corporate			Total
Revenue	$	117,011		$	54,724		$	39,804		$	—		$	211,539
Direct operating expenses	84,532			43,492			31,549			—			159,573
General and administrative expenses	3,378			2,925			3,297			12,797			22,397
Depreciation and amortization	17,538			7,987			9,843			410			35,778
Operating income (loss)	11,563			197			(5,482		)	(13,599		)	(7,321		)
Operating margin %	9.9		%	0.4		%	(13.8		)%	NA			(3.5		)%
Income (loss) from continuing operations before income taxes	11,902			(187		)	(5,563		)	(38,803		)	(32,651		)

Income (loss) from continuing operations	11,902			(193		)	(5,567		)	(38,784		)	(32,642		)
Depreciation and amortization	17,538			7,987			9,843			410			35,778
Interest expense, net	253			500			94			24,193			25,040
Income tax expense (benefit)	—			6			4			(19		)	(9		)
EBITDA	$	29,693		$	8,300		$	4,374		$	(14,200	)	$	28,167

Adjustments, net	(575		)	146			(131		)	3,382			2,822
Adjusted EBITDA from continuing operations	$	29,118		$	8,446		$	4,243		$	(10,818	)	$	30,989
Adjusted EBITDA margin %	24.9		%	15.4		%	10.7		%	NA			14.6		%



	Three months ended June 30, 2016
	As Reported			Special Items				As Adjusted
Revenue	$	33,978		$	—			$	33,978
Direct operating expenses	30,283			(1,842		)	[A]	28,441
General and administrative expenses	14,204			(8,933		)	[B]	5,271
Total costs and expenses	62,357			(13,439		)	[C]	48,918
Operating loss	(28,379		)	13,439			[C]	(14,940		)
Loss from continuing operations	(40,638		)	11,215			[D]	(29,423		)

Basic and diluted loss from continuing operations	$	(0.60	)					$	(0.43	)

Loss from continuing operations	$	(40,638	)					$	(29,423	)
Depreciation and amortization	15,206							15,206
Interest expense, net	13,973							13,973
Income tax expense	773							564
EBITDA and Adjusted EBITDA from continuing operations	$	(10,686	)					$	320



Description of 2016 Special Items:
[A]	Special items primarily includes the loss on sale of underutilized assets, and severance and environmental clean-up charges.
[B]	Primarily attributable to stock-based compensation and non-routine legal and professional fees incurred in connection with the execution of management's plan to restructure our indebtedness.
[C]	Primarily includes the aforementioned adjustments along with a long-lived asset impairment charge for assets classified as held-for-sale of $2.7 million.
[D]	Primarily includes the aforementioned adjustments along with a gain of $1.0 million associated with the change in fair value of the derivative warrant liability, and a gain on the sale of Underground Solutions, Inc. of $1.7 million in the three months ended June 30, 2016. Additionally, our effective tax rate for the three months ended June 30, 2016 was 1.94% and has been applied to the special items accordingly.



	Three months ended June 30, 2015
	As Reported			Special Items				As Adjusted
Revenue	$	92,427		$	—			$	92,427
Direct operating expenses	71,574			658			[E]	72,232
General and administrative expenses	9,697			(1,208		)	[F]	8,489
Total costs and expenses	99,996			(979		)	[G]	99,017
Operating loss	(7,569		)	979			[G]	(6,590		)
Loss from continuing operations	(20,647		)	2,169			[H]	(18,478		)

Basic and diluted loss from continuing operations	$	(0.75	)					$	(0.67	)

Loss from continuing operations	$	(20,647	)					$	(18,478	)
Depreciation and amortization	18,296							18,296
Interest expense, net	12,452							12,452
Income tax expense	15							13
EBITDA and Adjusted EBITDA from continuing operations	$	10,116						$	12,283



Description of 2015 Special Items:
[E]	Special items includes a gain on sale for the disposal of certain transportation related assets.
[F]	Primarily attributable to stock-based compensation, non-routine litigation expenses and certain costs associated with an amendment to our ABL facility.
[G]	Primarily includes the aforementioned adjustments, and a charge of approximately $0.4 million associated with our restructuring initiative and other exit related costs from certain shale basins.
[H]	Primarily includes the aforementioned adjustments along with a charge of $1.0 million in connection with the write-off of a portion of the unamortized deferred financing costs as a result of an amendment to our ABL Facility, and a charge related to a prior acquisition earnout reserve of $0.2 million. Additionally, our effective tax rate for the three months ended June 30, 2015 was zero percent and has been applied to the special items accordingly.



	Six months ended June 30, 2016
	As Reported			Special Items				As Adjusted
Revenue	$	80,953		$	—			$	80,953
Direct operating expenses	68,900			(1,239		)	[A]	67,661
General and administrative expenses	21,656			(10,159		)	[B]	11,497
Total costs and expenses	124,271			(14,062		)	[C]	110,209
Operating loss	(43,318		)	14,062			[C]	(29,256		)
Loss from continuing operations	(67,909		)	12,034			[D]	(55,875		)

Basic and diluted loss from continuing operations	$	(1.42	)					$	(1.17	)

Loss from continuing operations	$	(67,909	)					$	(55,875	)
Depreciation and amortization	31,051							31,051
Interest expense, net	26,018							26,018
Income tax expense	828							685
EBITDA and Adjusted EBITDA from continuing operations	$	(10,012	)					$	1,879



Description of 2016 Special Items:
[A]	Special items primarily includes the loss on sale of underutilized assets, and severance and environmental clean-up charges.
[B]	Primarily attributable to stock-based compensation and non-routine legal and professional fees incurred in connection with the execution of management's plan to restructure our indebtedness.
[C]	Primarily includes the aforementioned adjustments along with a long-lived asset impairment charge for assets classified as held-for-sale of $2.7 million.
[D]	Primarily includes the aforementioned adjustments along with a charge of $0.7 million in connection with the write-off of a portion of the unamortized deferred financing costs as a result of an amendment to our ABL Facility, a gain of $1.0 million associated with the change in fair value of the derivative warrant liability, and a gain on the sale of Underground Solutions, Inc. for $1.7 million in the three months ended June 30, 2016. Additionally, our effective tax rate for the six months ended June 30, 2016 was 1.23% and has been applied to the special items accordingly.



	Six months ended June 30, 2015
	As Reported			Special Items				As Adjusted
Revenue	$	211,539		$	—			$	211,539
Direct operating expenses	159,573			1,312			[E]	160,885
General and administrative expenses	22,397			(2,143		)	[F]	20,254
Total costs and expenses	218,860			(1,943		)	[G]	216,917
Operating loss	(7,321		)	1,943			[G]	(5,378		)
Loss from continuing operations	(32,642		)	2,822			[H]	(29,820		)

Basic and diluted loss from continuing operations	$	(1.18	)					$	(1.08	)

Loss from continuing operations	$	(32,642	)					$	(29,820	)
Depreciation and amortization	35,778							35,778
Interest expense, net	25,040							25,040
Income tax benefit	(9		)					(9		)
EBITDA and Adjusted EBITDA from continuing operations	$	28,167						$	30,989



Description of 2015 Special Items:
[E]	Special items include a gain on sale related to the disposal of certain transportation related assets.
[F]	Primarily attributable to stock-based compensation, non-routine litigation expenses and certain costs associated with an amendment to our ABL Facility.
[G]	Primarily includes the aforementioned adjustments, and a charge of approximately $1.1 million associated with our restructuring initiative and other exit related costs from certain shale basins.
[H]	Primarily includes the aforementioned adjustments along with a charge of $1.0 million in connection with the write-off of a portion of the unamortized deferred financing costs as a result of an amendment to our ABL Facility, and a net reduction related to a prior acquisition earnout reserve of $0.1 million. Additionally, our effective tax rate for the six months ended June 30, 2015 was zero percent and has been applied to the special items accordingly.


•	Second quarter revenue was $34.0 million, a decrease of approximately 27.7%, or $13.0 million, when compared with revenue of $47.0 million in the first quarter of 2016, and a 63.2% decrease, or $58.4 million, when compared with revenue of $92.4 million in the second quarter of 2015.


•	Total costs and expenses, adjusted for special items, were $48.9 million, or a 20.2% decrease when compared with $61.3 million in the first quarter of 2016; 50.6% reduction in total costs and expenses, adjusted for special items, when compared with the second quarter of 2015.


•	Loss from continuing operations for the second quarter was $40.6 million, or a loss of $0.60 per diluted share, compared with a loss from continuing operations of $27.3 million, or a loss of $0.98 per diluted share in the first quarter of 2016.


▪	Approximately $19.6 million in lower payroll and related expenses, reflecting a 48% year-over-year reduction in headcount;


▪	Approximately $3.2 million, or 37.9%, in lower general and administrative expenses;


▪	Approximately $3.1 million in lower depreciation and amortization expenses; with,


▪	The balance of $19.3 million related to reductions in all other direct operating expenses.