Nine Energy Serv Stock Price, News & Analysis

Nine Energy Service (NYSE: NINE) has announced the redemption of all outstanding 8.750% Senior Notes due 2023. This redemption is partially funded by a public offering of 300,000 units, each comprising $1,000 principal amount of 13.000% Senior Secured Notes due 2028 and five shares of common stock. The offering generated net proceeds of approximately $279.75 million. Additionally, Nine extended the maturity date of its asset-based revolving credit facility to January 29, 2027, enhancing its financial flexibility and cash flow generation for debt repayment.

Nine Energy Service (NYSE:NINE) has scheduled its Q4 and full year 2022 earnings conference call for March 8, 2023, at 9:00 AM Central Time. The financial and operating results for the period ending December 31, 2022 will be discussed, with the results expected to be published before the call. Interested participants can join the call by dialing the provided numbers. A telephonic replay will be available until March 22, 2023.

Nine Energy Service specializes in oilfield services, offering completion solutions across North America and beyond, emphasizing superior service quality and cutting-edge technology.

Nine Energy Service reported strong Q3 2022 results with revenues of $167.4 million, net income of $14.3 million, and adjusted EBITDA of $32.6 million. The company exceeded its revenue guidance of $145.0-$155.0 million, reflecting an 18% quarter-over-quarter increase. Strong performance was driven by price increases and higher volumes in completion tools. Nine aims to de-lever its balance sheet, having repurchased $92.7 million in senior notes. The company holds a total liquidity position of $88.2 million and forecasts stable revenue for Q4 2022.

Nine Energy Service (NYSE:NINE) has announced its third quarter 2022 earnings conference call scheduled for November 7, 2022, at 9:00 am Central Time. The company will discuss its financial and operating results for the quarter ended September 30, 2022, which will be released before the call. Participants can join by dialing U.S. Toll Free: (877) 524-8416 or International: (412) 902-1028. A telephonic replay will be available until November 21, 2022.

Headquartered in Houston, Texas, Nine Energy Service specializes in oilfield services, providing completion solutions across North America.

Nine Energy Service (NYSE: NINE) has regained compliance with NYSE listing standards as of September 9, 2022, after addressing previous noncompliance related to low market capitalization and shareholders’ equity. The NYSE confirmed that Nine met the minimum requirements over the last two quarters. Following this achievement, the compliance indicator '.BC' has been removed from its shares, and the company will undergo a 12-month review period to ensure ongoing compliance. This marks a significant turnaround for Nine, which faced potential delisting earlier this year.

Nine Energy Service reported a strong second quarter for 2022, achieving revenues of $142.3 million and a net loss of $(1.0) million. The adjusted EBITDA stood at $18.9 million, with an ROIC of 11.4%. Revenues increased approximately 22% quarter-over-quarter, outperforming the forecast range of $130.0 to $140.0 million. Notable growth was seen in the cementing service line, which grew 22%, and coiled tubing revenue increased by 28%. The company maintains a total liquidity position of $74.5 million as of June 30, 2022.

Nine Energy Service (NYSE:NINE) has scheduled its second quarter 2022 earnings conference call for August 4, 2022, at 9:00 am Central Time. The call will discuss financial and operating results for the quarter ending June 30, 2022, which will be released prior to the call. Participants can join by dialing (888) 437-3179 (U.S. Toll Free) or (404) 267-0369 (International). A replay will be available until August 18, 2022. Nine Energy Service focuses on completion solutions in North America, leveraging technology and superior service quality.

Nine Energy Service reported first quarter 2022 revenues of $116.9 million, up 11% from the previous quarter. The company experienced a net loss of $(6.9) million, with an adjusted EBITDA of $12.2 million. Increased market activity led to a 31% rise in cementing revenue. Nine’s liquidity position stood at $74.6 million. The outlook remains positive for 2022, driven by equipment and labor constraints, with expectations for sequential revenue growth in Q2. The company is optimistic about the dissolvable plug technology and overall service line growth.

Nine Energy Service, Inc. (NYSE:NINE) has scheduled its first quarter 2022 earnings conference call for May 5, 2022, at 9:00 am Central Time. The financial and operational results for the quarter ending March 31, 2022 will be discussed, with results expected to be released before the call. Participants can join the call by dialing (877) 524-8416 (U.S. Toll Free) or (412) 902-1028 (International). A replay will be available until May 19, 2022, via (877) 660-6853 (U.S. Toll Free).