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Nine Energy Service, Inc. (NYSE: NINE) is an oilfield services company that offers completion solutions to the oil and gas industry within North America and abroad. Headquartered in Houston, Texas, the company operates in major basins such as the Permian, Eagle Ford, Haynesville, SCOOP/STACK, Niobrara, Barnett, Bakken, Marcellus and Utica, as well as in Canada. Its news flow provides insight into activity levels and trends across these regions and service lines.
This NINE news page aggregates company-specific announcements, earnings releases and operational updates. Investors can review quarterly results, including revenue, net loss and adjusted EBITDA figures, along with management commentary on rig counts, pricing dynamics and activity in natural gas–levered and oil-levered basins. The company’s communications frequently discuss performance in cementing, completion tools, wireline and coiled tubing divisions, as well as developments in its international tools business.
Regulatory and capital markets updates are also a recurring theme in Nine’s news. Examples include disclosures about its asset-based revolving credit facility, liquidity position, at-the-market equity offering program and notices from the New York Stock Exchange regarding continued listing requirements. News items may also highlight board and governance changes reported in Form 8-K filings.
By following Nine Energy Service news, readers can track how shifts in commodity prices, rig activity, regional weather conditions and customer behavior affect the company’s operations and financial performance. This page provides a centralized view of NINE’s official press releases and related updates, making it easier to monitor ongoing developments in its completion-focused oilfield services business.
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Nine Energy Service (NYSE: NINE) has announced its first quarter 2023 earnings conference call set for May 9, 2023, at 9:00 am Central Time. During this call, the company will discuss financial and operational results for the quarter ending March 31, 2023, which are expected to be released prior to the conference call.
Participants can join the call by dialing U.S. Toll Free: (877) 524-8416, or International: (412) 902-1028. A telephonic replay will be available until May 23, 2023 by dialing U.S. Toll Free: (877) 660-6853.
Headquartered in Houston, Texas, Nine Energy Service offers oilfield completion solutions across North America, emphasizing customized solutions and technology to enhance efficiencies in the oil and gas sector.
Nine Energy Service (NYSE: NINE) announced its financial results for 2022, reporting revenues of $593.4 million, net income of $14.4 million, and adjusted EBITDA of $93.7 million. The fourth quarter delivered revenues of $166.7 million and a net income of $8.0 million. The company achieved a significant 70% year-over-year revenue growth and improved its ROIC to 16.3%. Notably, the gross profit rose from a loss in 2021 to $97.9 million in 2022, reflecting effective margin management amidst inflationary challenges. Looking ahead, Nine anticipates a declining Q1 due to operational disruptions and a reduced rig count, but maintains a focus on liquidity and debt reduction.
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.