STOCK TITAN

Nine Energy (NYSE: NINE) posts final Chapter 11 operating report data

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Nine Energy Service, Inc. has furnished a final Monthly Operating Report covering March 1–4, 2026, following its emergence from prepackaged Chapter 11 on March 5, 2026. The report shows beginning cash of $21,095,405 and ending cash of $23,389,975, with total assets of $36,563,808 and total liabilities of $429,419,528, resulting in negative equity of $392,855,720. For the period, the company recorded a net loss of $13,935,184, largely driven by $13,357,186 of reorganization items. Management emphasizes that the Monthly Operating Report is unaudited, prepared to meet Bankruptcy Code requirements, covers an atypically short period and may be subject to future adjustments, so it should not be relied upon for investment decisions.

Positive

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Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Beginning cash balance $21,095,405 Cash balance at beginning of March 2026
Ending cash balance $23,389,975 Cash balance as of March 4, 2026
Total assets $36,563,808 Assets for Nine Energy Service, Inc. as reported in Part 2
Total liabilities $429,419,528 Combined postpetition and prepetition debt in Part 2
Ending equity/net worth $-392,855,720 Equity/net worth for Nine Energy Service, Inc. as of report date
Net loss current month $-13,935,184 Profit (loss) for current month in Part 4
Reorganization items $13,357,186 Reorganization items expense in income statement Part 4j
Total postpetition debt $101,696,616 Postpetition debt sum in Part 2j
Monthly Operating Report financial
"filed with the Bankruptcy Court a final monthly operating report, which included financial information"
Debtor-in-possession financing financial
"the Debtors obtained, and the Bankruptcy Court approved, postpetition financing on an interim basis"
Financing provided to a company while it reorganizes under bankruptcy protection that lets it keep operating, pay employees and suppliers, and pursue a restructuring plan. Think of it as a court-approved bridge loan or lifeline that typically gets paid back before older debts, so it can change who gets paid and how much investors or creditors ultimately recover; that makes it a key factor in assessing risk and potential returns.
Liabilities Subject to Compromise financial
"Prepetition liabilities reflect liabilities included in the “Liabilities Subject to Compromise” line item"
First Day Orders regulatory
"authorized in the Interim Order (I) Authorizing the Debtors to Pay Prepetition Trade Claims"
DIP Financing financial
"such financing, the “DIP Financing”) to fund, among other things, the Debtors’ business operations"
false 0001532286 0001532286 2026-04-21 2026-04-21 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM 8-K

  

CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): April 21, 2026

  

NINE ENERGY SERVICE, INC.
(Exact name of registrant as specified in its charter)

 

 

Delaware  001-38347  80-0759121
(State or other jurisdiction
of incorporation)
  (Commission File Number)  (IRS Employer
Identification No.)

 

2001 Kirby Drive, Suite 200
Houston, Texas
  77019
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (281) 730-5100

 

Not Applicable
(Former name or former address, if changed since last report)

  

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class  Trading Symbol(s)  Name of each exchange on which registered
Common Stock, par value $0.01 per share  NINE  NYSE American

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

  

 

 

 

Item 7.01 Regulation FD Disclosure

 

As previously disclosed, on February 1, 2026, Nine Energy Service, Inc. (the “Company”) and certain of its subsidiaries (collectively with the Company, the “Company Parties”) filed voluntary petitions (the “Chapter 11 Cases”) under chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”) to implement a prepackaged chapter 11 plan of reorganization (the “Plan”). The Chapter 11 Cases were jointly administered for administrative purposes only under the caption In re Nine Energy Service, Inc. et al. On March 4, 2026, the Bankruptcy Court entered an order confirming the Plan, and on March 5, 2026, the Plan became effective in accordance with its terms and the Company Parties emerged from the Chapter 11 Cases.

 

The Bankruptcy Code requires the Company Parties to file monthly operating reports relating to their financial condition and operations during the pendency of their Chapter 11 Cases. Accordingly, on April 21, 2026, each of the Company Parties filed with the Bankruptcy Court a final monthly operating report, which included financial information as of March 4, 2026 and for the period beginning on March 1, 2026 and ending on March 4, 2026 (each, a “Monthly Operating Report” and, together, the “Monthly Operating Reports”). The Company’s Monthly Operating Report is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated into this Item 7.01 by reference. Copies of the other Company Parties’ Monthly Operating Reports are available at a website administered by the Company Parties’ claims agent, Epiq Corporate Restructuring, LLC, at https://dm.epiq11.com/NineEnergy.

 

The information in this Item 7.01 and in Exhibit 99.1 shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, and shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific reference in such filing.

 

Cautionary Note Regarding the Monthly Operating Reports

 

The Company cautions investors and potential investors not to place undue reliance upon the information contained in the Monthly Operating Reports, which were not prepared for the purpose of providing the basis for an investment decision relating to any securities of the Company. The Company Parties prepared the Monthly Operating Reports solely for purpose of complying with certain Bankruptcy Code requirements. The financial information contained in the Monthly Operating Reports was not audited or reviewed by independent accountants and has not been subject to procedures that would typically be applied to financial statements prepared in accordance with accounting principles generally accepted in the United States of America. The Company’s Monthly Operating Report also contains information for a period that is shorter and otherwise different from those required in the Company’s periodic reports pursuant to the Exchange Act, and such information might not be indicative of the Company’s financial condition or operating results for a period that would be reflected in the Company’s financial statements or in its reports pursuant to the Exchange Act. Furthermore, the Monthly Operating Reports are subject to future adjustment and reconciliation. As such, the Monthly Operating Reports should not be relied upon by any persons for information relating to current or future financial condition, events or performance of the Company and its subsidiaries. The results of operations contained in the Monthly Operating Reports are not necessarily indicative of results that may be expected from any other period or for the full year, and the information contained in the Company’s Monthly Operating Report may not necessarily reflect the Company’s consolidated results of operations or financial position or its receipts and disbursements in the future.

 

Item 9.01Financial Statements and Exhibits.

 

(d)        Exhibits.

 

Exhibit No.

 

Description

99.1   Monthly Operating Report of Nine Energy Service, Inc. for the period beginning on March 1, 2026 and ending on March 4, 2026.
104   Cover Page Interactive Data File. The cover page XBRL tags are embedded within the inline XBRL document (contained in Exhibit 101).

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: April 21, 2026 NINE ENERGY SERVICE, INC.
   
  By: /s/ Guy Sirkes
   

Guy Sirkes

    Executive Vice President and Chief Financial Officer

 

2

 

Exhibit 99.1

  

  UNITED STATES BANKRUPTCY COURT  
  SOUTHERN DISTRICT OF TEXAS  
  HOUSTON DIVISION  
 

In Re. Nine Energy Service, Inc.    §    Case No.    26-90295
      §      
        §    Lead Case No.    26-90295
   Debtor(s)    §      
         ☒ Jointly Administered

 

Monthly Operating Report         Chapter 11

 

Reporting Period Ended:    03/04/2026       Petition Date:    02/01/2026

 

Months Pending: 1           Industry Classification:    2     1     3     1 

 

Reporting Method:    Accrual Basis     Cash Basis    

 

Debtor’s Full-Time Employees (current):    1,064       
Debtor’s Full-Time Employees (as of date of order for relief):    1,062   

Supporting Documentation (check all that are attached):

(For jointly administered debtors, any required schedules must be provided on a non-consolidated basis for each debtor)

 

☒   Statement of cash receipts and disbursements

☒   Balance sheet containing the summary and detail of the assets, liabilities and equity (net worth) or deficit

☒   Statement of operations (profit or loss statement)

☐   Accounts receivable aging

☐   Postpetition liabilities aging

☐   Statement of capital assets

☐   Schedule of payments to professionals

☐   Schedule of payments to insiders

☐   All bank statements and bank reconciliations for the reporting period

☐   Description of the assets sold or transferred and the terms of the sale or transfer

 

/s/ John Kane

    John Kane
Signature of Responsible Party     Printed Name of Responsible Party

04/21/2026

   
Date    

901 Main Street, Suite 5200, Dallas, TX 75202

    Address

STATEMENT: This Periodic Report is associated with an open bankruptcy case; therefore, Paperwork Reduction Act exemption 5 C.F.R. § 1320.4(a)(2) applies.

 

UST Form 11-MOR (12/01/2021)    1   

 

 

Debtor’s Name Nine Energy Service, Inc.    Case No. 26-90295

 

Part 1: Cash Receipts and Disbursements

   Current Month      Cumulative  

a.   Cash balance beginning of month

   $ 21,095,405     
  

 

 

    

b.  Total receipts (net of transfers between accounts)

   $ 5,417,772      $ 32,292,869  
  

 

 

    

 

 

 

c.   Total disbursements (net of transfers between accounts)

   $ 3,123,202      $ 17,031,808  
  

 

 

    

 

 

 

d.  Cash balance end of month (a+b-c)

   $ 23,389,975     
  

 

 

    

e.   Disbursements made by third party for the benefit of the estate

   $ 0      $ 0  
  

 

 

    

 

 

 

f.   Total disbursements for quarterly fee calculation (c+e)

   $ 3,123,202      $ 17,031,808  
  

 

 

    

 

 

 

 

 

 

Part 2: Asset and Liability Status

(Not generally applicable to Individual Debtors. See Instructions.)

   Current Month         

a.   Accounts receivable (total net of allowance)

   $ 0     
  

 

 

    

b.  Accounts receivable over 90 days outstanding (net of allowance)

   $ 0     
  

 

 

    

c.   Inventory ( Book Market Other (attach explanation))

   $ 0     
  

 

 

    

d   Total current assets

   $ 34,960,205     
  

 

 

    

e.   Total assets

   $ 36,563,808     
  

 

 

    

f.   Postpetition payables (excluding taxes)

   $ 101,587,940     
  

 

 

    

g.  Postpetition payables past due (excluding taxes)

   $ 0     
  

 

 

    

h.  Postpetition taxes payable

   $ 108,676     
  

 

 

    

i.   Postpetition taxes past due

   $ 0     
  

 

 

    

j.   Total postpetition debt (f+h)

   $ 101,696,616     
  

 

 

    

k.  Prepetition secured debt

   $ 319,500,000     
  

 

 

    

l.   Prepetition priority debt

   $ 356,105     
  

 

 

    

m.   Prepetition unsecured debt

   $ 7,866,807     
  

 

 

    

n.  Total liabilities (debt) (j+k+l+m)

   $ 429,419,528     
  

 

 

    

o.  Ending equity/net worth (e-n)

   $ -392,855,720   
  

 

 

    

Part 3: Assets Sold or Transferred

   Current Month      Cumulative  

a.   Total cash sales price for assets sold/transferred outside the ordinary course of business

   $ 0      $ 0  
  

 

 

    

 

 

 

b.  Total payments to third parties incident to assets being sold/transferred outside the ordinary course of business

   $ 0      $ 0  
  

 

 

    

 

 

 

c.   Net cash proceeds from assets sold/transferred outside the ordinary course of business (a-b)

   $ 0      $ 0  
  

 

 

    

 

 

 

Part 4: Income Statement (Statement of Operations)

(Not generally applicable to Individual Debtors. See Instructions.)

   Current Month      Cumulative  

a.   Gross income/sales (net of returns and allowances)

   $ 0     
  

 

 

    

b.  Cost of goods sold (inclusive of depreciation, if applicable)

   $ 0     
  

 

 

    

c.   Gross profit (a-b)

   $ 0     
  

 

 

    

d.  Selling expenses

   $ 0     
  

 

 

    

e.   General and administrative expenses

   $ 375,802     
  

 

 

    

f.   Other expenses

   $ 0     
  

 

 

    

g.  Depreciation and/or amortization (not included in 4b)

   $ 65     
  

 

 

    

h.  Interest

   $ 93,455     
  

 

 

    

i.   Taxes (local, state, and federal)

   $ 108,676     
  

 

 

    

j.   Reorganization items

   $ 13,357,186     
  

 

 

    

k.  Profit (loss)

   $ -13,935,184    $ -63,098,553
  

 

 

    

 

 

 

 

UST Form 11-MOR (12/01/2021)    2   

 

 

Debtor’s Name Nine Energy Service, Inc.    Case No. 26-90295

 

Part 5: Professional Fees and Expenses

 

 
                     Approved 
Current Month 
     Approved 
Cumulative 
     Paid Current 
Month 
     Paid 
Cumulative 
 
a.   Debtor’s professional fees & expenses (bankruptcy) Aggregate Total                    
    Itemized Breakdown by Firm              
        Firm Name   Role                                    
    i                        
    ii                        
    iii                       
    iv                     
    v                     
    vi                        
    vii                        
    viii                                          
    ix                                            
    x                                          
    xi                                            
    xii                                            
    xiii                                            
    xiv                                            
    xv                                            
    xvi                                            
    xvii                                            
    xviii                                            
    xix                                            
    xx                                            
    xxi                                            
    xxii                                            
    xxiii                                            
    xxiv                                            
    xxv                                            
    xxvi                                            
    xxvii                                            
    xxviii                                            
    xxix                                            
    xxx                                            
    xxxi                                            
    xxxii                                            
    xxxiii                                            
    xxxiv                                            
    xxxv                                            
    xxxvi                                            

 

UST Form 11-MOR (12/01/2021)    3   

 

 

Debtor’s Name Nine Energy Service, Inc.    Case No. 26-90295

 

                                   
  xxxvii                            
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  xl                        
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  xliii                        
  xliv                        
  xlv                        
  xlvi                        
  xlvii                        
  xlviii                        
  xlix                        
  l                        
  li                        
  lii                        
  liii                        
  liv                        
  lv                        
  lvi                        
  lvii                        
  lviii                        
  lix                        
  lx                        
  lxi                        
  lxii                        
  lxiii                        
  lxiv                        
  lxv                        
  lxvi                        
  lxvii                        
  lxviii                        
  lxix                        
  lxx                        
  lxxi                        
  lxxii                        
  lxxiii                        
  lxxiv                        
  lxxv                        
  lxxvi                        
  lxxvii                        
  lxxviii                        

 

UST Form 11-MOR (12/01/2021)    4   

 

 

Debtor’s Name Nine Energy Service, Inc.    Case No. 26-90295

 

     lxxix                              
   lxxx                              
   lxxxi                              
   lxxxii                              
   lxxxiii                              
   lxxxiv                              
   lxxxv                              
   lxxxvi                              
   lxxxvii                              
   lxxxviii                              
   lxxxix                              
   xc                              
   xci                              
   xcii                              
   xciii                              
   xciv                              
   xcv                              
   xcvi                              
   xcvii                              
   xcviii                              
   xcix                              
   c                              
   ci                              

 

           

Approved
Current Month

  

Approved
Cumulative

  

Paid
Current Month

  

Paid
Cumulative

b.

   Debtor’s professional fees & expenses (nonbankruptcy) Aggregate Total                    
     Itemized Breakdown by Firm                    
          Firm Name    Role                    
     i                              
     ii                              
     iii                              
     iv                              
     v                              
     vi                              
     vii                              
     viii                              
     ix                              
     x                              
     xi                              
     xii                              
     xiii                              
     xiv                              

  

UST Form 11-MOR (12/01/2021)    5   

 

 

 

Debtor’s Name Nine Energy Service, Inc.    Case No. 26-90295

 

    xv                                
  xvi                        
  xvii                        
  xviii                        
  xix                        
  xx                        
  xxi                        
  xxii                        
  xxiii                        
  xxiv                        
  xxv                        
  xxvi                        
  xxvii                        
  xxviii                        
  xxix                        
  xxx                        
  xxxi                        
  xxxii                        
  xxxiii                        
  xxxiv                        
  xxxv                        
  xxxvi                        
  xxxvii                        
  xxxviii                        
  xxxix                        
  xl                        
  xli                        
  xlii                        
  xliii                        
  xliv                        
  xlv                        
  xlvi                        
  xlvii                        
  xlviii                        
  xlix                        
  l                        
  li                        
  lii                        
  liii                        
  liv                        
  lv                        
  lvi                        

 

UST Form 11-MOR (12/01/2021)    6   

 

 

 

Debtor’s Name Nine Energy Service, Inc.    Case No. 26-90295

 

    lvii                                
  lviii                        
  lix                        
  lx                        
  lxi                        
  lxii                        
  lxiii                        
  lxiv                        
  lxv                        
  lxvi                        
  lxvii                        
  lxviii                        
  lxix                        
  lxx                        
  lxxi                        
  lxxii                        
  lxxiii                        
  lxxiv                        
  lxxv                        
  lxxvi                        
  lxxvii                        
  lxxviii                        
  lxxix                        
  lxxx                        
  lxxxi                        
  lxxxii                        
  lxxxiii                        
  lxxxiv                        
  lxxxv                        
  lxxxvi                        
  lxxxvii                        
  lxxxviii                        
  lxxxix                        
  xc                        
  xci                        
  xcii                        
  xciii                        
  xciv                        
  xcv                        
  xcvi                        
  xcvii                        
  xcviii                        

 

UST Form 11-MOR (12/01/2021)    7   

 

 

Debtor’s Name Nine Energy Service, Inc.    Case No. 26-90295

 

 

    xcix                                            
    c                                            
c.   All professional fees and expenses (debtor & committees)                                                                                                                 

 

Part 6: Postpetition Taxes   Current Month     Cumulative  
a.   Postpetition income taxes accrued (local, state, and federal)   $ 108,676     $ 108,676  
b.  Postpetition income taxes paid (local, state, and federal)   $ 0     $ 0  
c.   Postpetition employer payroll taxes accrued   $ 110,363     $ 166,768  
d.  Postpetition employer payroll taxes paid   $ 0     $ 744,990  
e.   Postpetition property taxes paid   $ 0     $ 0  
f.   Postpetition other taxes accrued (local, state, and federal)   $ 0     $ 0  
g.  Postpetition other taxes paid (local, state, and federal)   $ 0     $ 0  

 

Part 7: Questionnaire - During this reporting period:

    

a.   Were any payments made on prepetition debt? (if yes, see Instructions)

   Yes     No 

b.  Were any payments made outside the ordinary course of business without court approval? (if yes, see Instructions)

   Yes     No 

c.   Were any payments made to or on behalf of insiders?

   Yes     No 

d.  Are you current on postpetition tax return filings?

   Yes     No 

e.   Are you current on postpetition estimated tax payments?

   Yes     No 

f.   Were all trust fund taxes remitted on a current basis?

   Yes     No 

g.  Was there any postpetition borrowing, other than trade credit? (if yes, see Instructions)

   Yes     No 

h.  Were all payments made to or on behalf of professionals approved by the court?

   Yes     No   N/A

i.   Do you have:

   Worker’s compensation insurance?    Yes     No 
  

If yes, are your premiums current?

   Yes     No  N/A  (if no, see Instructions)
   Casualty/property insurance?    Yes     No 
  

If yes, are your premiums current?

   Yes     No N/A (if no, see Instructions)
   General liability insurance?    Yes     No
  

If yes, are your premiums current?

   Yes     No N/A  (if no, see Instructions)

j.   Has a plan of reorganization been filed with the court?

   Yes     No 

k.  Has a disclosure statement been filed with the court?

   Yes     No 

l.   Are you current with quarterly U.S. Trustee fees as set forth under 28 U.S.C. § 1930?

   Yes     No

 

UST Form 11-MOR (12/01/2021)    8   

 

 

Debtor’s Name Nine Energy Service, Inc.    Case No. 26-90295

 

                 
Part 8: Individual Chapter 11 Debtors (Only)             
a.   Gross income (receipts) from salary and wages     $0          
b.  Gross income (receipts) from self-employment     $0          
c.   Gross income from all other sources     $0          
d.  Total income in the reporting period (a+b+c)     $0          
e.   Payroll deductions     $0          
f.   Self-employment related expenses     $0          
g.  Living expenses     $0          
h.  All other expenses     $0          
i.   Total expenses in the reporting period (e+f+g+h)     $0          
j.   Difference between total income and total expenses (d-i)     $0          
k.  List the total amount of all postpetition debts that are past due     $0          
l.   Are you required to pay any Domestic Support Obligations as defined by 11 U.S.C § 101(14A)?     Yes  No           
m.   If yes, have you made all Domestic Support Obligation payments?     Yes   No   N/A           

 

Privacy Act Statement

28 U.S.C. § 589b authorizes the collection of this information, and provision of this information is mandatory under 11 U.S.C. §§ 704, 1106, and 1107. The United States Trustee will use this information to calculate statutory fee assessments under 28 U.S.C. § 1930(a)(6). The United States Trustee will also use this information to evaluate a chapter 11 debtor’s progress through the bankruptcy system, including the likelihood of a plan of reorganization being confirmed and whether the case is being prosecuted in good faith. This information may be disclosed to a bankruptcy trustee or examiner when the information is needed to perform the trustee’s or examiner’s duties or to the appropriate federal, state, local, regulatory, tribal, or foreign law enforcement agency when the information indicates a violation or potential violation of law. Other disclosures may be made for routine purposes. For a discussion of the types of routine disclosures that may be made, you may consult the Executive Office for United States Trustee’s systems of records notice, UST-001, “Bankruptcy Case Files and Associated Records.” See 71 Fed. Reg. 59,818 et seq. (Oct. 11, 2006). A copy of the notice may be obtained at the following link: http://www.justice.gov/ust/eo/rules_regulations/index.htm. Failure to provide this information could result in the dismissal or conversion of your bankruptcy case or other action by the United States Trustee. 11 U.S.C. § 1112(b)(4)(F).

I declare under penalty of perjury that the foregoing Monthly Operating Report and its supporting documentation are true and correct and that I have been authorized to sign this report on behalf of the estate.

 

/s/ Guy Sirkes   Guy Sirkes
Signature of Responsible Party   Printed Name of Responsible Party
Chief Financial Officer   04/21/2026
Title   Date

 

UST Form 11-MOR (12/01/2021)    9   

 

 

Debtor’s Name Nine Energy Service, Inc.    Case No. 26-90295

 

 

UST Form 11-MOR (12/01/2021)    10   

 

 

Debtor’s Name Nine Energy Service, Inc.    Case No. 26-90295

 

 

 

UST Form 11-MOR (12/01/2021)    11   

 

 

Debtor’s Name Nine Energy Service, Inc.    Case No. 26-90295

 

 

UST Form 11-MOR (12/01/2021)    12   

 

 

 

 

IN THE UNITED STATES BANKRUPTCY COURT
FOR THE SOUTHERN DISTRICT OF TEXAS
houston DIVISION

 

  )  
In re: ) Chapter 11
  )  
Nine Energy Service, Inc. ) Case No. 26-90295 (CML)
  )  
Reorganized Debtor. )  
  )  

  

NOTES TO MONTHLY OPERATING REPORT —

PERIOD FROM MARCH 1, 2026, THROUGH AND INCLUDING MARCH 4, 2026

 

 

On February 1, 2026 (the “Petition Date”), the debtors and debtors in possession listed in the table below (collectively, the “Debtors,” and on and after the Plan Effective Date, the “Reorganized Debtors”) each filed a voluntary petition for relief under chapter 11 of title 11 of the United States Code, 11 U.S.C. §§ 101-1532 (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of Texas (Houston Division) (the “Bankruptcy Court”). These chapter 11 cases were jointly administered under Case No. 26-90295 (CML) [Docket No. 28]. The Debtors operated their businesses and managed their properties as debtors in possession pursuant to sections 1107(a) and 1108 of the Bankruptcy Code. No official committee of unsecured creditors was appointed in these chapter 11 cases. No request for the appointment of a trustee or examiner was made in these chapter 11 cases.

 

On March 4, 2026, the Bankruptcy Court entered the Order (I) Approving the Debtors’ Disclosure Statement for the Joint Prepackaged Plan of Reorganization of Nine Energy Service, Inc. and Its Debtor Affiliates Pursuant to Chapter 11 of the Bankruptcy Code, (II) Confirming the Amended Joint Prepackaged Plan of Reorganization of Nine Energy Service, Inc. and Its Debtor Affiliates Pursuant to Chapter 11 of the Bankruptcy Code, and (III) Granting Related Relief [Docket No. 189] confirming the Amended Joint Prepackaged Plan of Reorganization of Nine Energy Service, Inc. and Its Debtor Affiliates Pursuant to Chapter 11 of the Bankruptcy Code [Docket No. 173] (the “Plan”).1 On March 5, 2026 (the “Plan Effective Date”), the Effective Date of the Plan occurred, and the Debtors became the Reorganized Debtors.

 

The monthly operating report (the “MOR”) includes activity from the following Debtors and related Case Numbers:

 

Debtor  Case Number
Nine Energy Service, Inc.  26-90295
CDK Perforating, LLC  26-90296
Crest Pumping Technologies, LLC  26-90297
Magnum Oil Tools GP, LLC  26-90298
Magnum Oil Tools International, LTD  26-90299
MOTI Holdco, LLC  26-90300
Nine Downhole Technologies, LLC  26-90301
Nine Energy Canada Inc.  26-90302
Nine Energy Service, LLC  26-90303
RedZone Coil Tubing, LLC  26-90304

 

 

1Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Plan.

 

 

 

 

  MOR Notes
In re: Nine Energy Service, Inc., et al Case No. (Jointly Administered):  26-90295
  Reporting Date: 3/1/2026 – 3/4/2026

 

The following notes and statements of limitations should be referred to, and referenced in connection with, any review of the MOR.

 

  1.General Methodology and Basis of Presentation:

 

The Debtors are filing the MOR solely for purposes of complying with the monthly operating requirements of the Debtors’ chapter 11 cases. For financial reporting purposes, prior to the Petition Date, the Debtors and their non-Debtor affiliates ordinarily prepared consolidated financial statements. The MOR does not purport to represent financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) or any other generally accepted accounting principles of foreign jurisdictions, as applicable, nor is it intended to fully reconcile the financial statements prepared by the Debtors. Unlike the consolidated financial statements, the MOR reflects the assets and liabilities of each separate Debtor, except where otherwise indicated. Accordingly, the totals listed in the MOR will likely differ, at times materially, from the consolidated financial reports prepared by the Debtors for financial reporting purposes or otherwise.

 

The MOR should not be relied on by any persons for information relating to current or future financial condition, events, or performance of any of the Debtors, as the results of operations contained herein are not necessarily indicative of results that may be expected from any other period or for the full year, and may not necessarily reflect the combined results of operations, financial position, and schedule of receipts and disbursements in the future.

 

Totals and subtotals may be impacted due to rounding. This applies to all MOR schedules.

 

Nine Energy Service, LLC’s sole purpose within the corporate organization structure is to be the contracting entity for the group’s payroll. This Debtor does not have its own bank account nor separate financials. Since Nine Energy Service, LLC does not have a bank account nor separate financials, anything material within Part 2 (Asset and Liability Status), Part 4 (Statement of Operations), and Part 6 (Postpetition Taxes) is included in Nine Energy Service, Inc.’s MOR form. This is consistent with the Debtors’ accounting practices.

 

The Debtors performed a financial close of their books and records on the Plan Effective Date. Solely to conform with MOR reporting requirements, for purposes of the MOR, the Debtors estimated and excluded any activity that occurred from the Petition Date through March 1, 2026 for certain line items that would materially fluctuate between these two periods. The Debtors’ methodology is listed in each respective section of these Notes to the Monthly Operating Report.

 

The Debtors maintain their books and records in accordance with U.S. GAAP, and the information furnished in the MOR uses the Debtors’ normal accrual method of accounting. In preparing the MOR, the Debtors relied on financial data derived from their books and records that were available at the time of such preparation. Although the Debtors have made commercially reasonable efforts to ensure the accuracy and completeness of the MOR and to supplement the information set forth in their books and records with additional information concerning transactions that may not have been identified therein, subsequent information or discovery may result in material changes to the MOR, and errors or omissions may exist. Notwithstanding any such discovery, new information, or errors or omissions, the Debtors and their directors, managers, officers, agents, attorneys, and advisors expressly do not undertake any obligation to update, modify, revise, or recategorize the information provided herein or to notify any third party should the information be updated, modified, revised, or recategorized, except as required by applicable law or order of the Bankruptcy Court.

  

Page 2 of 5

 

 

  MOR Notes
In re: Nine Energy Service, Inc., et al Case No. (Jointly Administered):  26-90295
  Reporting Date: 3/1/2026 – 3/4/2026

 

  2.Reporting Period:

 

Unless otherwise noted herein, the MOR generally reflects the Debtors’ books and records and financial activity occurring during the applicable reporting period. Except as otherwise noted, no adjustments have been made for activity occurring after the close of the reporting period.

 

  3.Part 1:

 

In Part 1c, disbursements for employer payroll taxes are included in the Operating Disbursements line item on the Cash Receipts and Disbursements in Exhibit 1.

  

Part 1c includes Operating Disbursements, Non-Operating Disbursements, and Paydowns to the DIP ABL Facility.

 

4.Part 2:

 

Intercompany receivables are included in the Total Asset balances of the Debtor entities.

 

Inventories, consisting primarily of finished goods and raw materials, are stated at the lower of cost or net realizable value. Cost is determined on an average cost basis. Each Debtor reviews its inventory balances and writes down its inventory for estimated obsolescence or excess inventory equal to the difference between the cost of inventory and the estimated market value based upon assumptions about future demand and market conditions. 

 

The Debtors continue to pay postpetition invoices in the ordinary course of business and continue to pay prepetition trade invoices in the ordinary course of business as authorized in the Interim Order (I) Authorizing the Debtors to Pay Prepetition Trade Claims in the Ordinary Course of Business, (II) Confirming the Administrative Expense Priority of Outstanding Orders, and (III) Granting Related Relief [Docket No. 70].

 

The Debtors continue to pay postpetition taxes as they come due. Therefore, the Debtors have no past due taxes payable.

 

Prepetition liabilities reflect liabilities included in the “Liabilities Subject to Compromise” line item on the Debtors’ balance sheets, as well as other liabilities that may be uncompromised pursuant to the relief granted by the Bankruptcy Court via the Debtors’ various first day orders (the “First Day Orders”). As of the Plan Effective Date, the “Liabilities Subject to Compromise” in the Debtors’ balance sheets includes the outstanding balance on the Debtors’ prepetition term loan (and prepetition term loan accrued interest).

 

Page 3 of 5

 

 

  MOR Notes
In re: Nine Energy Service, Inc., et al Case No. (Jointly Administered):  26-90295
  Reporting Date: 3/1/2026 – 3/4/2026

 

The Debtors have sought to allocate liabilities between the prepetition and postpetition periods based on the information and research that was conducted in connection with the preparation of the MOR. As additional information becomes available and further research is conducted, the allocation of liabilities between prepetition and postpetition periods may change. The Debtors reserve the right to amend the balances as they deem appropriate.

 

The amounts listed as “Prepetition Secured Debt” include financing lease liabilities, the outstanding amount on the term loan, and prepetition letters of credit that are cash collateralized.

 

The amounts listed as “Prepetition Unsecured Debt,” “Prepetition Priority Debt” and “Prepetition Secured Debt” are preliminary estimates, and amounts are still being reviewed and reconciled by the Debtors. All amounts and classifications are subject to material adjustments. Listing a claim as secured, priority, or unsecured does not constitute an admission by the Debtors of the legal rights of the claimant.

 

For purposes of these reports, the Prepetition Secured Debt related to the pre-petition term loan facility is listed at Nine Energy Service, Inc. and is not listed at other Debtor entities who are guarantors on the secured debt in order to avoid the same debt instrument being recorded multiple times across the Debtors’ balance sheets. The prepetition secured debt that was “rolled up” into the DIP Financing (as defined below) pursuant to the Interim Order (I) Authorizing the Debtors to Obtain Postpetition Financing, (II) Granting Liens and Providing Claims with Superpriority Administrative Expense Status, (III) Authorizing the Use of Cash Collateral, (IV) Modifying the Automatic Stay, (V) Scheduling a Final Hearing, and (VI) Granting Related Relief [Docket No. 68] (the “Interim DIP Order”) is not included in the aggregate amount of the Prepetition Secured Debt.

 

5.Part 4:

 

The Debtors performed a financial close of their books and records as of the Plan Effective Date. The Debtors then estimated and excluded any activity that occurred from the Petition Date through March 1, 2026 for certain line items that would materially fluctuate on a day-to-day basis between these two periods including, but not limited to, Revenues, Cost of Revenues, and General and Administrative Expenses. The values shown in Part 4 of the MORs are pro forma income statements for the time period beginning March 1, 2026 through and including the Plan Effective Date by Debtor, using the estimation methodology described above.

 

Cost of goods sold in Part 4b is not inclusive of depreciation and amortization. This is consistent with the presentation in Exhibit 3.

 

Selling, general, and administrative expenses are grouped together within the Debtors’ financial statements therefore the entire balance is included in Part 4e General and Administrative Expenses.

 

Interest in Part 4h includes both interest expense and interest income.

 

Taxes in Part 4i are inclusive of income taxes paid during the MOR reporting period. Other local and state taxes are included in selling, general, and administrative expenses.

 

Page 4 of 5

 

 

  MOR Notes
In re: Nine Energy Service, Inc., et al Case No. (Jointly Administered):  26-90295
  Reporting Date: 3/1/2026 – 3/4/2026

 

6.Part 6:

 

Postpetition Accrued Property Taxes and Postpetition Accrued Sales and Use Taxes are included in Part 6f (Postpetition Other Taxes Accrued (local, state, and federal)).

 

In Part 6c and Part 6d, Postpetition Employer Payroll Taxes are Accrued and Paid at Nine Energy Service, Inc.

 

Postpetition Sales and Use Taxes Paid are included in Part 6g (Postpetition Other Taxes Paid (local, state, and federal)). Postpetition Sales and Use Taxes are accrued and paid at the legal entity where the tax is applicable.

 

7.Part 7:

 

Regarding Part 7a, the Bankruptcy Court entered the First Day Orders authorizing, but not directing, the Debtors to, among other things, pay (a) all prepetition Trade Claims in the ordinary course of business, (b) employee wages, salaries, other compensation, and reimbursable expenses, (c) insurance obligations, (d) certain taxes, fees, and regulatory obligations, and (e) certain prepetition customer programs obligations. Where applicable, details of these payments have been delivered to the required notice parties pursuant to the reporting requirements contemplated by the applicable final First Day Orders.

 

Regarding Part 7a and Part 7g, the Debtors obtained, and the Bankruptcy Court approved, postpetition financing on an interim basis on February 3, 2026, pursuant to the Interim DIP Order and on a final basis on March 2, 2026, pursuant to the Final Order (I) Authorizing the Debtors to Obtain Postpetition Financing, (II) Granting Liens and Providing Claims with Superpriority Administrative Expense Status, (III) Authorizing the Use of Cash Collateral, (IV) Modifying the Automatic Stay, and (V) Granting Related Relief [Docket No. 165] (the “Final DIP Order” and such financing, the “DIP Financing”) to fund, among other things, the Debtors’ business operations and these chapter 11 cases. The DIP Financing is described in detail in the Debtors’ Emergency Motion for Entry of Interim and Final Orders (I) Authorizing the Debtors to Obtain Postpetition Financing, (II) Granting Liens and Providing Claims with Superpriority Administrative Expense Status, (III) Authorizing the Use of Cash Collateral, (IV) Modifying the Automatic Stay, (V) Scheduling a Final Hearing, and (VI) Granting Related Relief [Docket No. 33].

 

Regarding Part 7i, the only Debtor entities that have employees are Nine Energy Service, Inc. and Nine Energy Canada Inc. Therefore, these are the only Debtor employees that have workers’ compensation insurance.

 

8.Reservation of Rights:

 

The Debtors reserve all rights to amend the MOR as may be necessary or appropriate; provided, that the Debtors and their directors, managers, officers, agents, attorneys, and advisors expressly do not undertake any obligation to update, modify, revise, or recategorize the information provided herein, or to notify any third party should the information be updated, modified, revised, or recategorized, except as required by applicable law or order of the Bankruptcy Court. Notwithstanding anything to the contrary herein, nothing contained in the MOR is intended as or should be construed or deemed to be: (a) an implication or admission as to the amount of, basis for, priority, or validity of any claim against a Debtor entity under the Bankruptcy Code or other applicable nonbankruptcy law; (b) a waiver of the Debtors’ right to dispute any claim on any grounds; (c) a promise or requirement to pay any particular claim; or (d) an admission as to the validity, priority, enforceability, or perfection of any lien on, security interest in, or other encumbrance on property of the Debtors’ estates.

 

Page 5 of 5

 

  

In re: Nine Energy Service Inc. et al.                   Case No.:  26-90295
Exhibit 1                   Reporting Period:  3/1/26 - 3/4/26

    Cash Receipts & Disbursements (Unaudited)(1)
(Amounts in $USD)  Nine Energy
Service, Inc.
26-90295
   CDK
Perforating, LLC
26-90296
   Crest Pumping
Technologies, LLC
26-90297
   Magnum Oil
Tools GP, LLC
26-90298
   Magnum Oil
Tools International, LTD
26-90299
   MOTI Holdco, LLC
26-90300
   Nine Downhole
Technologies, LLC
26-90301
   Nine Energy
Canada Inc.
26-90302
   Nine Energy
Service, LLC
26-90303
   RedZone Coil
Tubing, LLC
26-90304
 
Cash Receipts                                        
Customer Collections  $-   $1,052,666   $2,559,757   $    -   $         -   $      -   $248,317   $39,287   $-   $1,954,722 
Other Collections   22,932    -    -    -    -    -    -    -    -    - 
Total Cash Receipts  $22,932   $1,052,666   $2,559,757   $-   $-   $-   $248,317   $39,287   $-   $1,954,722 
                                                   
Operating Disbursements  $(3,123,202)  $(81,617)  $(232,373)  $-   $-   $-   $(68,330)  $(1,433)  $-   $(38,302)
Operating Cash Flow  $(3,100,270)  $971,049   $2,327,384   $-   $-   $-   $179,987   $37,854   $-   $1,916,420 
                                                   
Intercompany Transfers  $5,394,840   $(971,049)  $(2,327,384)  $-   $-   $-   $(179,987)  $-   $-   $(1,916,420)
Cash Flow from Operations and Intercompany Transfers  $2,294,570   $-   $-   $-   $-   $-   $-   $37,854   $-   $- 
                                                   
Non-Operating Disbursements  $-   $-   $-   $-   $-   $-   $-   $-   $-   $- 
Net Cash Flow  $2,294,570   $-   $-   $-   $-   $-   $-   $37,854   $-   $- 
                                                   
Cash Roll Forward                                                  
Beginning Cash Balance  $21,095,405   $-   $-   $-   $-   $-   $-   $682,879   $-   $- 
Net Cash Flow   2,294,570    -    -    -    -    -    -    37,854    -    - 
ABL Borrowings/(Payments)   -    -    -    -    -    -    -    -    -    - 
Ending Cash Balance  $23,389,975   $-   $-   $-   $-   $-   $-   $720,733   $-   $- 

 

(1)All information contained herein is unaudited and subject to future adjustment.

   

 

 

In re: Nine Energy Service Inc. et al.                   Case No.: 26-90295
Exhibit 2                   Reporting Period:  3/1/26 - 3/4/26

    Debtors’ Balance Sheet (Unaudited) (1)
(Amounts in $ USD)  Nine Energy
Service, Inc.
26-90295
   CDK
Perforating, LLC
26-90296
   Crest Pumping
Technologies, LLC
26-90297
   Magnum Oil
Tools GP, LLC
26-90298
   Magnum Oil Tools
International, LTD
26-90299
   MOTI Holdco, LLC
26-90300
   Nine Downhole
Technologies, LLC
26-90301
   Nine Energy
Canada Inc.
26-90302
   Nine Energy
Service, LLC
26-90303
   RedZone Coil
Tubing, LLC
26-90304
 
ASSETS                                        
CURRENT ASSETS                                        
Cash and cash equivalents  $13,463,621   $(48,331)  $(57,030)  $     -   $       -   $     -   $(73,879)  $721,362   $     -   $(13,593)
Restricted Cash   9,779,082    -    -    -    -    -    -    -    -    - 
Accounts receivable, net   -    14,824,751    29,211,380    -    -    -    20,310,492    379,965    -    13,881,418 
Income taxes receivable   -    -    -    -    -    -    -    -    -    - 
Inventories, net   -    4,323,140    6,895,219    -    -    -    40,824,073    931,649    -    1,899,417 
Prepaid expenses   9,178,173    19,529    1,307,170    -    -    -    840,453    21,248    -    726,948 
Other current assets   39,328    106,018    202,232    -    -    -    103,323    -    -    1,593,185 
Current portion of notes receivable   2,500,000    -    -    -    -    -    -    -    -    - 
TOTAL CURRENT ASSETS  $34,960,205   $19,225,107   $37,558,971   $-   $-   $-   $62,004,463   $2,054,225   $-   $18,087,376 
                                                   
Property, plant and equipment, net  $16,025   $9,495,487   $31,767,181   $-   $-   $-   $3,036,162   $33,035   $-   $17,518,402 
Operating lease right-of-use assets   1,557,443    9,606,479    14,591,853    -    -    -    2,543,472    53,003    -    2,806,383 
Finance lease right-of-use assets   -    71,881    -    -    -    -    -    -    -    - 
Intangible assets, net   -    -    -    -    -    -    65,847,074    -    -    - 
Investment in subsidiary   -    -    -    -    -    -    -    -    -    - 
Other long-term assets   30,136    134,479    154,223    -    -    -    199,809    2,184    -    285,164 
TOTAL NON-CURRENT ASSETS  $1,603,603   $19,308,326   $46,513,257   $-   $-   $-   $71,626,516   $88,222   $-   $20,609,949 
TOTAL ASSETS  $36,563,808   $38,533,433   $84,072,228   $-   $-   $-   $133,630,979   $2,142,447   $-   $38,697,324 
                                                   
LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ DEFICIT CURRENT LIABILITIES                                                  
                                                   
Current portion of long-term debt  $-   $-   $-   $-   $-   $-   $-   $-   $-   $- 
Accounts payable   5,508,605    4,208,876    9,181,494    -    -    -    5,309,510    7,490    -    2,842,883 
Accrued expenses   13,511,193    1,456,009    2,394,051    -    -    -    1,006,220    18,420    -    1,457,756 
Current portion of operating lease obligations   -    116,130    20,434    -    -    -    -    -    -    - 
Current portion of finance lease obligations   -    -    -    -    -    -    -    -    -    - 
Income taxes payable   108,676    -    -    -    -    -    -    -    -    - 
TOTAL CURRENT LIABILITIES  $19,128,474   $5,781,015   $11,595,979   $-   $-   $-   $6,315,730   $25,910   $-   $4,300,639 
                                                   
Debtor-in-possession financing  $82,568,142   $-   $-   $-   $-   $-   $-   $-   $-   $- 
Deferred income taxes   -    -    -    -    -    -    -    -    -    - 
Long-term operating lease obligations   -    228,527    41,772    -    -    -    -    -    -    - 
Long-term finance lease obligations   -    -    -    -    -    -    -    -    -    - 
Other long-term liabilities   -    -    45,000    -    -    -    -    -    -    - 
TOTAL NON-CURRENT LIABILITIES  $82,568,142   $228,527   $86,772   $-   $-   $-   $-   $-   $-   $- 
                                                   
Liabilities Subject to Compromise  $327,722,912   $14,030,762   $18,003,907   $-   $-   $-   $6,009,416   $100,711   $-   $4,337,852 
TOTAL LIABILITIES SUBJECT TO COMPROMISE  $327,722,912   $14,030,762   $18,003,907   $-   $-   $-   $6,009,416   $100,711   $-   $4,337,852 
TOTAL LIABILITIES  $429,419,528   $20,040,304   $29,686,657   $-   $-   $-   $12,325,146   $126,621   $-   $8,638,491 
                                                   
STOCKHOLDERS’ EQUITY                                                  
Common stock  $423,799   $2,359   $1,050   $-   $-   $-   $5,900   $-   $-   $- 
Additional paid-in-capital   60,293,301    26,913,321    41,678,700    -    -    -    587,622,018    30,917,641    -    56,744,946 
Intercompany   374,481,913    (87,921,050)   (52,507,768)   -    -    -    (238,490,994)   20,495,415    -    (15,406,558)
Accumulated other comprehensive loss   (3,194,700)   -    -    -    -    -    -    (1,522,577)   -    - 
Accumulated deficit   (824,860,033)   79,498,499    65,213,588    -    -    -    (227,831,091)   (47,874,654)   -    (11,279,555)
TOTAL STOCKHOLDERS’ EQUITY  $(392,855,720)  $18,493,129   $54,385,571   $-   $-   $-   $121,305,833   $2,015,826   $-   $30,058,834 
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY  $36,563,808   $38,533,433   $84,072,228   $-   $-   $-   $133,630,979   $2,142,447   $-   $38,697,324 

 

(1) All information contained herein is unaudited and subject to future adjustment.

  

 

 

  

In re: Nine Energy Service Inc. et al.   Case No.:        26-90295
Exhibit 3   Reporting Period: 3/1/26 - 3/4/26

    Debtors’ Statement of Operations (Unaudited) (1)
(Amounts in $ USD)  Nine Energy
Service, Inc.
26-90295
   CDK Perforating,
LLC
26-90296
   Crest Pumping
Technologies, LLC
26-90297
   Magnum Oil
Tools GP, LLC
26-90298
   Magnum Oil
Tools International, LTD
26-90299
   MOTI
Holdco, LLC
26-90300
   Nine Downhole
Technologies, LLC
26-90301
   Nine Energy
Canada Inc.
26-90302
   Nine Energy
Service, LLC
26-90303
   RedZone Coil
Tubing, LLC
26-90304
 
Net Revenue:                                        
Revenue  $-   $998,291   $2,400,885   $     -   $      -   $     -   $1,186,248   $46,654   $     -   $1,246,125 
Total Net Revenue  $-   $998,291   $2,400,885   $ -   $-   $-   $1,186,248   $46,654   $-   $1,246,125 
                                                   
Cost of Sales:                                                  
Cost of Goods Sold  $-   $1,106,632   $2,035,139   $-   $-   $-   $(5,319,397)  $(224,074)  $-   $906,614 
Total Cost of Sales  $-   $1,106,632   $2,035,139   $-   $-   $-   $(5,319,397)  $(224,074)  $-   $906,614 
Gross Profit  $-   $(108,342)  $365,745   $-   $-   $-   $6,505,646   $270,728   $-   $339,512 
                                                   
General & Administrative expenses  $375,802   $44,184   $64,684   $-   $-   $-   $84,359   $2,096   $-   $52,277 
Depreciation   65    53,222    108,421    -    -    -    5,321    168    -    63,653 
Amortization of Intangibles   -    -    -    -    -    -    115,890    -    -    - 
Change in contingent earnout liability   -    -    -    -    -    -    -    -    -    - 
(Gain) loss on sale of assets   -    -    -    -    -    -    -    183    -    - 
Gain/(Loss) From Operations  $(375,868)  $(205,748)  $192,640   $-   $-   $-   $6,300,075   $268,282   $-   $223,582 
                                                   
Interest expense  $116,522   $463   $-   $-   $-   $-   $-   $16,673   $-   $- 
Interest income   (23,067)   -    -    -    -    -    -    -    -    - 
Reorganization Items   13,357,186    -    -    -    -    -    -    -    -    - 
Other expense (income)   -    -    (774)   -    -    -    (19,230,191)   -    -    - 
Gain/(Loss) Before Income taxes  $(13,826,508)  $(206,211)  $193,414   $-   $-   $-   $25,530,266   $251,609   $-   $223,582 
                                                   
Provision (benefit) for income taxes   108,676    -    -    -    -    -    -    -    -    - 
Net Income (Loss)  $(13,935,184)  $(206,211)  $193,414   $-   $-   $-   $25,530,266   $251,609   $-   $223,582 

 

(1)All information contained herein is unaudited and subject to future adjustment.

 

 

FAQ

What did Nine Energy Service (NINE) disclose in this April 2026 filing?

Nine Energy Service furnished its final Chapter 11 Monthly Operating Report for March 1–4, 2026, after emerging from bankruptcy. The report provides unaudited cash flows, balance sheet and income statement data prepared solely to comply with Bankruptcy Code reporting requirements, not for investment analysis.

What do the March 1–4, 2026 results show for Nine Energy Service (NINE)?

For March 1–4, 2026, Nine Energy Service reported a net loss of $13,935,184, including $13,357,186 of reorganization items. Total assets were $36,563,808, total liabilities $429,419,528, and equity was negative $392,855,720, reflecting substantial liabilities versus assets.

How did Nine Energy Service’s (NINE) cash position change in the reported period?

The company’s cash balance increased from $21,095,405 at the beginning of March to $23,389,975 by March 4, 2026. Cash receipts of $5,417,772 and disbursements of $3,123,202 drove this movement, alongside significant intercompany transfers described in the operating report schedules.

What is Nine Energy Service’s (NINE) postpetition and prepetition debt profile in the report?

The report lists total postpetition debt of $101,696,616, prepetition secured debt of $319,500,000, prepetition priority debt of $356,105, and prepetition unsecured debt of $7,866,807. Combined, total liabilities are $429,419,528 as of the reporting date, before any plan-related adjustments.

How reliable are Nine Energy Service’s (NINE) Monthly Operating Report figures?

The company states the Monthly Operating Report is unaudited, not prepared under U.S. GAAP, and based on estimates and normal accrual methods. It covers a very short period, may differ from consolidated financials, is subject to future adjustments and should not guide investment decisions.

When did Nine Energy Service (NINE) emerge from Chapter 11 under its prepackaged plan?

Nine Energy Service’s prepackaged Chapter 11 plan was confirmed on March 4, 2026, and became effective on March 5, 2026. On that Plan Effective Date, the debtors became reorganized debtors, and this final Monthly Operating Report covers activity immediately before that transition.

Filing Exhibits & Attachments

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