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, 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
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.
Nine Energy Service (NYSE:NINE) will hold its third quarter 2021 earnings conference call on November 4, 2021, at 9:00 am Central Time. The call will cover the company's financial and operational results for the quarter ending September 30, 2021, which will be released beforehand. Participants can join the call by dialing (877) 524-8416 in the U.S. or (412) 902-1028 internationally, and a replay will be available until November 18, 2021.
Nine Energy Service (NYSE: NINE) reported second quarter 2021 revenues of $84.8 million and a net loss of $(24.5 million), or $(0.81) per share. Adjusted EBITDA stood at $(0.4 million), with a sequential revenue increase of 27%. The company faced challenges with $2.4 million in inventory write-downs and cost inflation. However, it noted strong activity in the Permian region and a significant increase in dissolvable plug sales. Despite favorable oil prices, moderate activity growth is expected for the remainder of 2021.
Nine Energy Service, Inc. (NYSE:NINE) will hold its second quarter 2021 earnings conference call on August 5, 2021, at 9:00 am Central Time. The financial results for the quarter ending June 30, 2021, will be released prior to the call. Participants can access the call by dialing US (Toll Free): (877) 524-8416 or International: (412) 902-1028. A replay will be available until August 19, 2021, by calling US (Toll Free): (877) 660-6853 or International: (201) 612-7415. Nine specializes in oilfield services with operations across North America.
Nine Energy Service reported Q1 2021 revenues of $66.6 million with a net loss of $(8.2) million or $(0.28) per share. Adjusted EBITDA stood at $(3.4) million.
Despite a 3% decrease in EIA-reported completed wells, revenue increased 8% due to heightened activity in cementing and completion tools. The company repurchased $26.3 million of bonds for $8.4 million cash during Q1, raising liquidity to $98.8 million. Nine anticipates double-digit revenue growth in Q2 and Q3, exhibiting cautious optimism about market recovery.
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