Welcome to our dedicated page for Nine Energy Serv news (Ticker: NINE), a resource for investors and traders seeking the latest updates and insights on Nine Energy Serv stock.
Nine Energy Service Inc (NINE) provides specialized completion solutions for North America's unconventional oil and gas sector, offering cementing services, advanced completion tools, and custom technical expertise. This page serves as the definitive source for verified corporate announcements and operational updates.
Investors and industry professionals will find consolidated access to earnings reports, partnership developments, technology innovations, and strategic initiatives. Our news collection prioritizes timeliness and accuracy, delivering essential updates on:
• Quarterly financial results
• Equipment deployment milestones
• Basin-specific operational expansions
• Leadership and regulatory updates
Bookmark this page for streamlined tracking of NINE's evolving role in energy services. Check regularly for objective updates directly impacting market positioning and operational capabilities in key North American plays.
Nine Energy Service (NYSE: NINE) has received a notice from the NYSE on October 21, 2024, indicating non-compliance with continued listing standards. The company's average global market capitalization over 30 trading days and stockholders' equity were both below the required $50 million threshold. Nine has 45 days to submit a business plan demonstrating how it will regain compliance within 18 months. The NYSE Committee will review the plan, and if accepted, the company will undergo quarterly reviews. If rejected, Nine could face delisting. Currently, the stock continues trading on NYSE, and operations remain unaffected.
Nine Energy Service (NYSE: NINE) has announced the timing of its third quarter 2024 earnings release and conference call. The company will discuss its financial and operating results for the quarter ended September 30, 2024, on Friday, November 1, 2024, at 9:00 am Central Time. The earnings release is expected to be issued prior to the call.
Participants can join the live conference call by dialing U.S. (Toll Free): (877) 524-8416 or International: (412) 902-1028 and asking for the "Nine Energy Service Earnings Call". A telephonic replay will be available through November 15, 2024, accessible by dialing U.S. (Toll Free): (877) 660-6853 or International: (201) 612-7415 with passcode 13746652.
Nine Energy Service (NYSE: NINE) reported Q2 2024 results with revenue of $132.4 million, net loss of $14.0 million, and adjusted EBITDA of $9.7 million. The company faced challenges due to declining US rig count, with over 40 rigs exiting the market since the end of 2023. Key highlights include:
- Total liquidity of $50.8 million as of June 30, 2024
- Updated 2024 full-year capex guidance reduced to $10 - $15 million
- Surpassed 300 total refrac jobs run to-date
- Q3 revenue and profitability expected to be relatively flat compared to Q2
- Sold 4.2 million shares of common stock, generating $6.8 million in net proceeds
The company remains positive on medium and long-term outlook for gas markets, despite current challenges in natural gas prices and market activity.
Nine Energy Service (NYSE: NINE) has announced the timing for its second quarter 2024 earnings release and conference call. The earnings call is scheduled for Tuesday, August 6, 2024, at 9:00 am Central Time. The company will discuss its financial and operational results for the quarter ended June 30, 2024. Investors can join the call by dialing U.S. (Toll-Free) (877) 524-8416 or International (412) 902-1028 and requesting the 'Nine Energy Service Earnings Call'. A replay of the call will be available until August 20, 2024, by dialing U.S. (Toll-Free) (877) 660-6853 or International (201) 612-7415 and entering passcode 13744473.
Nine Energy Service, Inc. (NYSE: NINE) reported first quarter 2024 revenues of $142.1 million, with a net loss of $(8.1) million. Despite a flat US rig count, the company saw an increase in gross profit in Q1 versus Q4. Additionally, they surpassed 60,000 Stinger™ Dissolvable Plug units sold. The company remains positive on the medium and long-term outlook for natural gas markets, despite challenges in natural-gas levered basins. Nine's strategy focuses on diversifying revenue streams and maintaining an asset-light business model with innovative technology and exceptional service.
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