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. provides oilfield completion and production services for unconventional oil and gas wells in North America and abroad. Its news commonly centers on quarterly operating results, revenue guidance, rig-count trends, pricing pressure across service lines and basin-level activity in areas such as the Permian, Eagle Ford, Haynesville, SCOOP/STACK, Bakken, Marcellus, Utica and Canada.
Company updates also cover completion tools, cementing work, technology development, international tools activity, revolving credit arrangements, at-the-market equity program disclosures, shareholder voting matters and governance changes tied to the company’s public-company reporting.
Nine Energy Service (NINE) announced Q3 2020 revenues of $49.5 million, reporting a net loss of $(18.5) million and an adjusted EBITDA of $(11.1) million. Despite challenges in the US market with fewer completions and new wells drilled, sequential activity and revenue increased month over month. The company repurchased $23.6 million of bonds at a discount, reducing debt and cash interest expenses. With total liquidity of $119.8 million, Nine is poised for improvement in Q4, though competition remains fierce, affecting pricing.
Nine Energy Service, Inc. (NYSE:NINE) has announced its third quarter 2020 earnings conference call scheduled for November 5, 2020, at 9:00 am Central Time. The call will include discussions on the financial and operational results for Q3 2020, expected to be released beforehand. Participants can join via provided U.S. and international dialing numbers, and a replay will be available until November 19, 2020. Nine Energy Service specializes in oilfield services, offering tailored completion solutions across North America and beyond, with a commitment to advanced technology and service quality.