John Daniel

Waqar Syed

- **Nine Energy Service** reported **third quarter 2025 revenues of $132.0 million**, which was below its guidance range of $135.0 million to $145.0 million.  **[1532286_6a088262eb44447bbe6349d0005ed8f3_0]** 
- For Q3 2025, the company posted a **net loss of $(14.6) million** and **adjusted EBITDA of $9.6 million**.  **[1532286_6a088262eb44447bbe6349d0005ed8f3_0]** 
- Total liquidity for the company was **$40.3 million as of September 30, 2025**.  **[1532286_6a088262eb44447bbe6349d0005ed8f3_0]** 
- The company attributed the challenging quarter to **significant rig declines and pricing pressure** starting in Q2 and continuing into Q3, as well as market share losses in its Completion Tools Division.  **[1532286_6a088262eb44447bbe6349d0005ed8f3_0]** 
- Management anticipates **Q4 revenue and earnings will be down compared to Q3** due to typical seasonality, budget exhaustion, holidays, weather, and continued low pricing of services.  **[1532286_6a088262eb44447bbe6349d0005ed8f3_1]**

Nine Energy Service Announces Third Quarter 2025 Results

- Nine Energy Service reported **revenues of $132.0 million**, a **net loss of $(14.6) million**, and **adjusted EBITDA of $9.6 million** for the third quarter of 2025. These revenues were **below the company's original guidance** range of $135.0 million to $145.0 million.  **[1532286_0001193125-25-258823_d68274dex991.htm:0]** 
- As of September 30, 2025, the company's **total liquidity stood at $40.3 million**.  **[1532286_0001193125-25-258823_d68274dex991.htm:0]** 
- Management indicated a **challenging third quarter** due to **significant rig declines and pricing pressure**, particularly in the Permian Basin, and anticipates **Q4 revenue and earnings to be lower than Q3** due to typical seasonality and continued low service pricing.  **[1532286_0001193125-25-258823_d68274dex991.htm:0]** 
- Despite domestic market challenges, **international revenue increased by approximately 19%** for the first nine months of 2025 compared to the same period in 2024.  **[1532286_0001193125-25-258823_d68274dex991.htm:0]**

Nine Energy Service (NINE)