Nine Energy Service Reports Mixed Financial Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy NINE?
Source: seekingalpha
- Revenue Performance: Nine Energy Service reported revenues of $88.4 million for the predecessor period, indicating stability in the market, although revenues fell to $41.6 million in the successor period, reflecting the impact of industry fluctuations on performance.
- Net Income and Loss: The predecessor period saw a net income of $107.9 million, showcasing strong profitability, while the successor period reported a net loss of $1.3 million, indicating challenges faced during the company's transition.
- Earnings Per Share: Earnings per share for the predecessor period stood at $2.65, demonstrating solid profitability, but the successor period reported a loss per share of $0.09, highlighting the pressure on earnings in the new environment.
- Adjusted EBITDA: Adjusted EBITDA for the predecessor period was $0.9 million, while it improved to $2.1 million in the successor period, suggesting that the company retains some operational resilience despite adversities.
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Analyst Views on NINE
About NINE
Nine Energy Service, Inc. is an oilfield services company that offers completion solutions within North America and abroad. The Company partners with its exploration and production (E&P) customers to design and deploy downhole solutions and technology to prepare horizontal, multistage wells for production. The Company provides its comprehensive completion solutions across a diverse set of well-types, including on the complex, technically demanding unconventional wells. It offers a variety of completion applications and technologies to match customer needs across the broadest addressable completions market. Its comprehensive well solutions range from cementing the well at the initial stages of completion, preparing the well for stimulation, isolating all the stages of an extended reach lateral, and the drilling out of isolation tools. The Company provides services integral to the completion of unconventional wells through a range of tools and methodologies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Nine Energy Service Q1 2026 Earnings Call Insights
- Financial Performance Overview: In Q1 2026, Nine Energy Service reported revenue of $130 million and adjusted EBITDA of $3 million, despite a $5.5 million inventory write-down, demonstrating resilience amid challenges.
- Future Outlook: Management projects Q2 revenue between $136 million and $146 million, with adjusted EBITDA of $10 million to $15 million, reflecting confidence in improved operational efficiencies and reduced weather-related downtime.
- Market Demand Dynamics: Nine Energy surpassed 500,000 Scorpion plugs sold in Q1, indicating sustained market demand, while the newly opened Haynesville wireline facility is expected to enhance competitive positioning.
- Risks and Challenges: Despite experiencing customer and vendor disruptions and inventory write-downs in Q1, management remains optimistic about long-term value creation potential, emphasizing close monitoring of international market dynamics, particularly the short-term impacts of the Iranian conflict.
See More
Nine Energy Service Reports Mixed Financial Results
- Revenue Performance: Nine Energy Service reported revenues of $88.4 million for the predecessor period, indicating stability in the market, although revenues fell to $41.6 million in the successor period, reflecting the impact of industry fluctuations on performance.
- Net Income and Loss: The predecessor period saw a net income of $107.9 million, showcasing strong profitability, while the successor period reported a net loss of $1.3 million, indicating challenges faced during the company's transition.
- Earnings Per Share: Earnings per share for the predecessor period stood at $2.65, demonstrating solid profitability, but the successor period reported a loss per share of $0.09, highlighting the pressure on earnings in the new environment.
- Adjusted EBITDA: Adjusted EBITDA for the predecessor period was $0.9 million, while it improved to $2.1 million in the successor period, suggesting that the company retains some operational resilience despite adversities.
See More
Nine Energy Service Schedules Q1 2026 Earnings Call
- Earnings Call Announcement: Nine Energy Service has scheduled its Q1 2026 earnings conference call for May 14, 2026, at 9:00 a.m. Central Time, where it will discuss financial and operational results for the quarter ending March 31, 2026, expected to be released prior to the call.
- Participation Details: Participants can join the call by dialing U.S. Toll-Free 877-524-8416 or International 412-902-1028, and are encouraged to call in 10 to 15 minutes early to avoid delays in entering the call.
- Replay Availability: For those unable to attend the live call, a telephonic replay will be available until May 28, 2026, accessible by dialing U.S. Toll-Free 877-660-6853 or International 201-612-7415 and entering passcode 13759688.
- Company Overview: Nine Energy Service is an oilfield services company providing completion solutions in North America and abroad, leveraging years of experience and a commitment to superior service quality and efficiency in the global oil and gas industry.
See More
Nine Energy Service to Be Delisted from NYSE Following Bankruptcy Filing
- Delisting Decision: The NYSE has determined to delist Nine Energy Service's common stock due to its unsuitability for listing, with trading suspended immediately, indicating severe financial distress for the company.
- Bankruptcy Filing: Nine Energy Service filed voluntary petitions under Chapter 11 on February 1, 2026, in the Southern District of Texas Bankruptcy Court to implement a prepackaged reorganization plan, demonstrating the company's need for legal protection to restructure its debts.
- Stock Cancellation: As part of the prepackaged reorganization plan, the company's common stock will be canceled, meaning existing shareholders will lose their investments, reflecting the deterioration of the company's financial condition and uncertainty about its future.
- Right to Appeal: Despite the delisting decision, the company retains the right to seek a review from the Exchange's Board of Directors Committee, indicating that it may attempt to contest the decision to remain listed.
See More
Nine Energy Files for Chapter 11 Bankruptcy Protection
- Bankruptcy Filing: Nine Energy has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas, aiming to implement a prepackaged reorganization plan that is expected to significantly impact its operations and financial health.
- Continued Operations: Despite the bankruptcy filing, Nine Energy will continue to operate as a debtor-in-possession and has filed several customary motions with the Bankruptcy Court seeking first-day relief, including interim approval for the DIP ABL facility.
- Restructuring Agreement: The company has entered into a restructuring support agreement with consenting stakeholders of its 13% senior secured notes due 2028 and lenders under the May 2025 loan and security agreement, indicating some level of creditor support.
- Stock Volatility: Nine Energy's shares have declined nearly 50% over the past year, although they had been rising in recent weeks; however, the bankruptcy filing may further undermine investor confidence and affect future financing capabilities.
See More
DarkIris Inc Reports 27.3% Revenue Growth, Shares Surge
- Significant Revenue Growth: DarkIris Inc reported a year-over-year revenue increase of 27.3% for FY25, reaching $10.08 million compared to $7.92 million in FY24, indicating strong market performance and growth potential.
- Stock Price Surge: Following the positive earnings report, DarkIris shares jumped 104.2% in pre-market trading to $0.68, reflecting investor optimism about the company's future prospects.
- Positive Market Reaction: The release of this earnings report has significantly increased market attention on DarkIris, enhancing investor confidence in its continued growth and potentially attracting more capital inflow.
- Optimistic Industry Outlook: The robust performance of DarkIris not only strengthens its market position but may also provide more opportunities for future financing and expansion plans, further solidifying its competitive edge in the industry.
See More
Nine Energy Service Q1 2026 Earnings Call Insights
- Financial Performance Overview: In Q1 2026, Nine Energy Service reported revenue of $130 million and adjusted EBITDA of $3 million, despite a $5.5 million inventory write-down, demonstrating resilience amid challenges.
- Future Outlook: Management projects Q2 revenue between $136 million and $146 million, with adjusted EBITDA of $10 million to $15 million, reflecting confidence in improved operational efficiencies and reduced weather-related downtime.
- Market Demand Dynamics: Nine Energy surpassed 500,000 Scorpion plugs sold in Q1, indicating sustained market demand, while the newly opened Haynesville wireline facility is expected to enhance competitive positioning.
- Risks and Challenges: Despite experiencing customer and vendor disruptions and inventory write-downs in Q1, management remains optimistic about long-term value creation potential, emphasizing close monitoring of international market dynamics, particularly the short-term impacts of the Iranian conflict.
See More
Nine Energy Service Reports Mixed Financial Results
- Revenue Performance: Nine Energy Service reported revenues of $88.4 million for the predecessor period, indicating stability in the market, although revenues fell to $41.6 million in the successor period, reflecting the impact of industry fluctuations on performance.
- Net Income and Loss: The predecessor period saw a net income of $107.9 million, showcasing strong profitability, while the successor period reported a net loss of $1.3 million, indicating challenges faced during the company's transition.
- Earnings Per Share: Earnings per share for the predecessor period stood at $2.65, demonstrating solid profitability, but the successor period reported a loss per share of $0.09, highlighting the pressure on earnings in the new environment.
- Adjusted EBITDA: Adjusted EBITDA for the predecessor period was $0.9 million, while it improved to $2.1 million in the successor period, suggesting that the company retains some operational resilience despite adversities.
See More
Nine Energy Service Schedules Q1 2026 Earnings Call
- Earnings Call Announcement: Nine Energy Service has scheduled its Q1 2026 earnings conference call for May 14, 2026, at 9:00 a.m. Central Time, where it will discuss financial and operational results for the quarter ending March 31, 2026, expected to be released prior to the call.
- Participation Details: Participants can join the call by dialing U.S. Toll-Free 877-524-8416 or International 412-902-1028, and are encouraged to call in 10 to 15 minutes early to avoid delays in entering the call.
- Replay Availability: For those unable to attend the live call, a telephonic replay will be available until May 28, 2026, accessible by dialing U.S. Toll-Free 877-660-6853 or International 201-612-7415 and entering passcode 13759688.
- Company Overview: Nine Energy Service is an oilfield services company providing completion solutions in North America and abroad, leveraging years of experience and a commitment to superior service quality and efficiency in the global oil and gas industry.
See More
Nine Energy Service to Be Delisted from NYSE Following Bankruptcy Filing
- Delisting Decision: The NYSE has determined to delist Nine Energy Service's common stock due to its unsuitability for listing, with trading suspended immediately, indicating severe financial distress for the company.
- Bankruptcy Filing: Nine Energy Service filed voluntary petitions under Chapter 11 on February 1, 2026, in the Southern District of Texas Bankruptcy Court to implement a prepackaged reorganization plan, demonstrating the company's need for legal protection to restructure its debts.
- Stock Cancellation: As part of the prepackaged reorganization plan, the company's common stock will be canceled, meaning existing shareholders will lose their investments, reflecting the deterioration of the company's financial condition and uncertainty about its future.
- Right to Appeal: Despite the delisting decision, the company retains the right to seek a review from the Exchange's Board of Directors Committee, indicating that it may attempt to contest the decision to remain listed.
See More
Nine Energy Files for Chapter 11 Bankruptcy Protection
- Bankruptcy Filing: Nine Energy has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas, aiming to implement a prepackaged reorganization plan that is expected to significantly impact its operations and financial health.
- Continued Operations: Despite the bankruptcy filing, Nine Energy will continue to operate as a debtor-in-possession and has filed several customary motions with the Bankruptcy Court seeking first-day relief, including interim approval for the DIP ABL facility.
- Restructuring Agreement: The company has entered into a restructuring support agreement with consenting stakeholders of its 13% senior secured notes due 2028 and lenders under the May 2025 loan and security agreement, indicating some level of creditor support.
- Stock Volatility: Nine Energy's shares have declined nearly 50% over the past year, although they had been rising in recent weeks; however, the bankruptcy filing may further undermine investor confidence and affect future financing capabilities.
See More
DarkIris Inc Reports 27.3% Revenue Growth, Shares Surge
- Significant Revenue Growth: DarkIris Inc reported a year-over-year revenue increase of 27.3% for FY25, reaching $10.08 million compared to $7.92 million in FY24, indicating strong market performance and growth potential.
- Stock Price Surge: Following the positive earnings report, DarkIris shares jumped 104.2% in pre-market trading to $0.68, reflecting investor optimism about the company's future prospects.
- Positive Market Reaction: The release of this earnings report has significantly increased market attention on DarkIris, enhancing investor confidence in its continued growth and potentially attracting more capital inflow.
- Optimistic Industry Outlook: The robust performance of DarkIris not only strengthens its market position but may also provide more opportunities for future financing and expansion plans, further solidifying its competitive edge in the industry.
See More
