Every 10-Q that Nine Energy Service, Inc. (NINE) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow NINE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NINE filings page.
Nine Energy Service, Inc. operates a single Completions Solutions segment providing cementing, completion tools, wireline and coiled tubing services to unconventional oil and gas producers, primarily in the U.S. and Canada. The business remains highly sensitive to drilling and completion activity, commodity prices, inflation and supply-chain conditions.
The company filed Chapter 11 on February 1, 2026 and emerged on March 5, 2026 under a prepackaged plan. Holders of $300.0 million of 13.000% Senior Secured Notes due 2028 received all 13,949,990 new common shares, and all prior equity was canceled. Applying fresh start accounting, Nine recognized a $184.3 million gain on settlement of $350.2 million of liabilities subject to compromise and revalued major asset classes, especially property and equipment and intangibles.
For the three months ended June 30, 2026, revenue was $141.8 million (service $104.7 million, tools $37.1 million) versus $147.3 million a year earlier, with an operating loss of $2.9 million and net loss of $4.9 million, or $0.35 per share. For the Successor period March 6–June 30, 2026, revenue was $183.4 million and net loss was $6.1 million, while the Predecessor period January 1–March 5, 2026 showed $107.9 million of net income driven by reorganization items.
At June 30, 2026, total assets were $317.7 million. Total debt before deferred financing costs was $98.9 million (including $97.3 million drawn on a new $135.0 million Exit ABL Facility and $1.6 million of short-term debt), down from $369.6 million at December 31, 2025. Stockholders’ equity improved from a deficit of $114.96 million to positive $129.6 million. Cash, cash equivalents and restricted cash totaled $18.2 million, and availability under the Exit ABL Facility was about $30.0 million, with the company in compliance with financial covenants.
Nine Energy Service, Inc. reports its first quarterly results after emerging from Chapter 11, using fresh start accounting that makes current figures not directly comparable with prior periods. The company eliminated its 13.000% Senior Secured Notes due 2028 and other liabilities, cutting total debt to $94.4 million at March 31, 2026 from $369.6 million at December 31, 2025 and moving from a stockholders’ deficit to equity of $134.0 million. In the short 2026 Successor Period from March 6 through March 31, Nine recorded revenue of $41.6 million and a net loss of $1.3 million, while the 2026 Predecessor Period from January 1 through March 5 showed revenue of $88.4 million and net income of $107.9 million, driven largely by a $124.1 million net gain on reorganization items.
Nine Energy Service (NINE) reported a softer third quarter. Revenue was $132.0 million, down 4% year over year, as lower pricing and activity weighed on coiled tubing and cementing, partly offset by higher wireline stages. The company posted a net loss of $14.6 million, or $0.35 per share, versus a $10.1 million loss a year ago, reflecting higher interest expense and weaker operating results.
For the first nine months, revenue rose to $429.7 million (up 4%) while net loss was $32.1 million, roughly flat. Cash and cash equivalents were $14.4 million at September 30, 2025, with about $25.9 million available under the 2025 ABL, for total liquidity of $40.3 million. Debt included $300.0 million of 13.000% senior secured notes due 2028 and $63.3 million outstanding on the ABL. Stockholders’ equity was a deficit of $95.9 million. Management noted ongoing pricing pressure, seasonal 4Q slowdowns, and highlighted being out of compliance with certain NYSE continued listing standards.
Nine Energy Service, Inc. – Q2 2025 10-Q key takeaways
- Revenue climbed 11 % YoY to $147.3 m, boosted by cementing (+14 %) and wireline (+18 %) activity; coiled-tubing revenue slipped 4 % on pricing pressure.
- Cost of revenue rose 8 %, lifting adjusted gross profit 27 % to $25.8 m. SG&A grew 11 % to $13.9 m, while depreciation fell 12 %.
- Operating income turned positive at $3.4 m (-$1.4 m prior-year). After $14.7 m interest expense, net loss narrowed to $10.4 m (-$0.25/sh).
- First-half revenue reached $297.7 m (+8 %), with a YTD net loss of $17.5 m.
- Liquidity: cash & equivalents $14.2 m (down 49 % since 12/24); new $125 m ABL facility drawn $49.4 m. Total debt $324.4 m; equity deficit widened to -$81.7 m.
- Adj. EBITDA improved 45 % YoY to $14.1 m, but interest coverage remains sub-1×.
- Management notes softening rig counts, commodity-price volatility and expects lower revenue & margins in Q3 2025.