Welcome to our dedicated page for NINE ENERGY SVC news (Ticker: NINE), a resource for investors and traders seeking the latest updates and insights on NINE ENERGY SVC stock.
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.
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).
Nine Energy Service, Inc. (NINE) reported a fourth quarter 2021 revenue of $105.1 million, exceeding its guidance and representing a 13% sequential increase. The net loss stood at $(15.7) million, with an adjusted EBITDA of $4.6 million. For the full year, the company recorded revenues of $349.4 million and a net loss of $(64.6) million. The company noted a growing market share, particularly in cementing services, and anticipates a 20% increase in North American capital spending for 2022. Total liquidity as of December 31, 2021, was $64.7 million.
Nine Energy Service, Inc. (NYSE:NINE) will host its fourth quarter and full year 2021 earnings conference call on Tuesday, March 8, 2022, at 9:00 am Central Time. The financial results for the quarter ending December 31, 2021, are set 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 March 22, 2022. Nine Energy Service, based in Houston, Texas, specializes in oilfield services across North America.
On January 21, 2022, a jury in Texas found that Nine Energy Service infringed on a patent held by NCS Multistage Holdings, awarding damages of less than $500,000. Nine strongly disputes this verdict, claiming the patent is invalid and intends to appeal the decision. The disputed technology, the BreakThru™ Casing Flotation Device, was acquired by Nine in November 2018. CEO Ann Fox emphasized the company's commitment to defending its technology as a core part of its strategy.
Nine Energy Service, Inc. (NYSE: NINE) announced it received a notice from the NYSE on January 5, 2022, regarding non-compliance with listing standards due to its average market capitalization and stockholders’ equity falling below $50 million. The Company has 45 days to submit a business plan demonstrating compliance within 18 months. The notice does not impact the stock's trading status or business operations. If the plan is accepted, Nine will be monitored for compliance; otherwise, it faces delisting procedures.
Nine Energy Service reported a total liquidity of $85.4 million as of September 30, 2021. For Q3 2021, revenue was $92.9 million, with a net loss of $(16.1) million and a basic loss per share of $(0.53). Adjusted EBITDA was $4.5 million. Although revenue increased approximately 9% from the previous quarter, it fell short of guidance due to labor constraints in the Permian Basin. All service lines showed sequential growth, particularly in Completion Tool and Coiled Tubing services.
On November 1, 2021, U.S. Well Services (USWS) and Nine Energy Service (NINE) announced the success of an all-electric field trial for Northeast Natural Energy (NNE). This project utilized USWS' patented Clean Fleet® technology, achieving a record of 589 total stages completed on nine wells. Emissions were drastically reduced, with CO2-equivalent, NO2, and particulate matter emissions down by 25%, 86%, and 94%, respectively. The trial showcases advancements in efficiency and environmental sustainability in hydraulic fracturing.