Earnings summaries and quarterly performance for Nine Energy Service.
Executive leadership at Nine Energy Service.
Board of directors at Nine Energy Service.
Research analysts who have asked questions during Nine Energy Service earnings calls.
Recent press releases and 8-K filings for NINE.
Nine Energy Service, Inc. Files for Chapter 11 Bankruptcy and Faces NYSE Delisting
NINE
Legal Proceedings
Debt Issuance
Delisting/Listing Issues
- Nine Energy Service, Inc. and certain subsidiaries filed voluntary petitions for Chapter 11 bankruptcy on February 1, 2026.
- The Bankruptcy Court approved an interim senior secured super-priority asset-based debtor-in-possession (DIP) credit facility of up to $125 million in revolving credit commitments on February 3, 2026.
- This DIP ABL Facility is structured to convert into an Exit ABL Facility of up to $135 million upon the reorganization plan's effectiveness.
- The company's common stock was delisted from the New York Stock Exchange (NYSE), with trading suspended on February 2, 2026, following the bankruptcy filing.
- Prior to the bankruptcy filing, Prepetition ABL Lenders were owed approximately $66,850,159.07 in outstanding principal and $1,661,064.66 in maximum aggregate amounts available to be drawn under outstanding Letters of Credit.
15 hours ago
Nine Energy Service Faces NYSE Delisting and Chapter 11 Filing
NINE
Delisting/Listing Issues
Legal Proceedings
- The New York Stock Exchange (NYSE) will commence delisting proceedings against Nine Energy Service, Inc. (NINE), with trading in its common stock suspended immediately.
- This decision follows the company's February 1, 2026 filing of voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code to implement a prepackaged reorganization plan.
- As part of the prepackaged Chapter 11 plan, Nine Energy Service's common stock will be canceled.
4 days ago
Nine Energy Service, Inc. Files for Prepackaged Chapter 11 Restructuring
NINE
Legal Proceedings
Debt Issuance
Delisting/Listing Issues
- Nine Energy Service, Inc. initiated a voluntary, prepackaged Chapter 11 case on February 1, 2026, to strengthen its capital structure.
- The restructuring aims to eliminate approximately $320 million of senior secured notes, which is expected to reduce annual interest expense by roughly $40 million.
- The company anticipates emerging from the Chapter 11 process within 45 days and has secured $125 million in debtor-in-possession financing and a $135 million exit ABL facility.
- Under the plan, existing Nine Energy Equity Interests will be cancelled, with holders receiving no distribution, although the reorganized entity is expected to remain a publicly traded company.
5 days ago
Nine Energy Service Reports Q3 2025 Results with Revenue Below Guidance Amid Challenging Market
NINE
Earnings
Guidance Update
Demand Weakening
- Nine Energy Service reported Q3 2025 revenue of $132 million and adjusted EBITDA of $9.6 million, with revenue falling below its original guidance range of $135 million to $145 million.
- The company faced a challenging market backdrop in Q3 2025, characterized by a 7% decline in the U.S. rig count from Q1 to Q3 and significant pricing pressure, particularly in the Permian Basin.
- Despite domestic market share losses in completion tools, international revenue grew approximately 19% for the first nine months of 2025 compared to the same period in 2024.
- As of September 30, 2025, Nine Energy Service had a total liquidity position of $40.3 million, comprising $14.4 million in cash and $25.9 million in revolving credit facility availability.
- For Q4 2025, revenue is projected to be between $122 million and $132 million, with both revenue and adjusted EBITDA expected to decline sequentially due to typical seasonality and ongoing pricing pressure.
Oct 31, 2025, 3:00 PM
Nine Energy Service Reports Q3 2025 Net Loss
NINE
Earnings
Demand Weakening
Guidance Update
- Nine Energy Service reported a net loss of $14.6 million on revenues of $132 million for Q3 2025, falling short of estimates.
- Domestic operations faced significant challenges, including a 7% decline in U.S. rig counts and pricing pressures, which contributed to an 18% decrease in adjusted gross profit to $20.3 million and negative income from operations of $(1.2) million.
- Despite domestic market softness, the company experienced a 19% increase in international sales year-to-date.
- Management anticipates continued pricing pressure and seasonal slowdowns in the coming quarter.
Oct 31, 2025, 7:03 AM
Nine Energy Service Announces Third Quarter 2025 Results
NINE
Earnings
Guidance Update
Demand Weakening
- 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.
- As of September 30, 2025, the company's total liquidity stood at $40.3 million.
- 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.
- Despite domestic market challenges, international revenue increased by approximately 19% for the first nine months of 2025 compared to the same period in 2024.
Oct 30, 2025, 9:15 PM
Nine Energy Service Announces Third Quarter 2025 Results
NINE
Earnings
Guidance Update
Demand Weakening
- 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.
- For Q3 2025, the company posted a net loss of $(14.6) million and adjusted EBITDA of $9.6 million.
- Total liquidity for the company was $40.3 million as of September 30, 2025.
- 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.
- 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.
Oct 30, 2025, 9:15 PM
Quarterly earnings call transcripts for Nine Energy Service.
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