Nine Energy Service (NINE) files Feb. 2026 Chapter 11 operating report

Rhea-AI Filing Summary

Nine Energy Service, Inc. filed an unaudited monthly operating report for its Chapter 11 cases covering February 1–28, 2026. The company emerged from bankruptcy after its prepackaged plan became effective on March 5, 2026, but must report activity during the case.

For February, Nine reported a beginning cash balance of $8,128,912, total receipts of $26,875,097, total disbursements of $13,908,606 and an ending cash balance of $21,095,404. The balance sheet for Nine Energy Service, Inc. shows total assets of $34,543,267, total liabilities of $416,340,384 and ending equity of -$381,797,116 as of February 28, 2026.

The statement of operations shows general and administrative expenses of $2,069,239, reorganization items of $27,560,183 and a net loss of $49,163,379 for the month. The company cautions that the operating reports are prepared only to satisfy Bankruptcy Code requirements, are not GAAP financial statements, are subject to future adjustment and should not be relied upon for investment decisions.

8-K Event Classification

2 items: 7.01, 9.01

2 items

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.

Understanding 8-K Material Events →

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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): March 23, 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

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 March 23, 2026, each of the Company Parties filed with the Bankruptcy Court a monthly operating report, which included financial information as of February 28, 2026 and for the period beginning on February 1, 2026 and ending on February 28, 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 was 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 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
99.1		Monthly Operating Report of Nine Energy Service, Inc. for the period beginning on February 1, 2026 and ending on February 28, 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: March 23, 2026	NINE ENERGY SERVICE, INC.
	By:	/s/ Theodore R. Moore
		Theodore R. Moore Executive Vice President, General Counsel and Secretary

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: 02/28/2026 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):		1,066
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
03/23/2026
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		$	8,128,912
b.  Total receipts (net of transfers between accounts)		$	26,875,097			$	26,875,097
c.   Total disbursements (net of transfers between accounts)		$	13,908,606			$	13,908,606
d.  Cash balance end of month (a+b-c)		$	21,095,404
e.   Disbursements made by third party for the benefit of the estate		$	0			$	0
f.   Total disbursements for quarterly fee calculation (c+e)		$	13,908,606			$	13,908,606
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		$	32,938,506
e.   Total assets		$	34,543,267
f.   Postpetition payables (excluding taxes)		$	88,423,431
g.  Postpetition payables past due (excluding taxes)		$	0
h.  Postpetition taxes payable		$	0
i.   Postpetition taxes past due		$	0
j.   Total postpetition debt (f+h)		$	88,423,431
k.  Prepetition secured debt		$	319,500,000
l.   Prepetition priority debt		$	356,105
m.   Prepetition unsecured debt		$	8,060,847
n.  Total liabilities (debt) (j+k+l+m)		$	416,340,384
o.  Ending equity/net worth (e-n)		$	-381,797,116
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		$	2,069,239
f.   Other expenses		$	19,230,191
g.  Depreciation and/or amortization (not included in 4b)		$	452
h.  Interest		$	303,304
i.   Taxes (local, state, and federal)		$	0
j.   Reorganization items		$	27,560,183
k.  Profit (loss)		$	-49,163,379			$	-49,163,379

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

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Role

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Paid Current Month

Paid Cumulative

b.

Debtor’s professional fees & expenses (nonbankruptcy) Aggregate Total

Itemized Breakdown by Firm

Firm Name

Role

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UST Form 11-MOR (12/01/2021) 7

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

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All professional fees and expenses (debtor & committees)

Part 6: Postpetition Taxes		Current Month				Cumulative
a.   Postpetition income taxes accrued (local, state, and federal)		$	0			$	0
b.  Postpetition income taxes paid (local, state, and federal)		$	0			$	0
c.   Postpetition employer payroll taxes accrued		$	56,405			$	56,405
d.  Postpetition employer payroll taxes paid		$	744,990			$	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			3/23/2026
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 FEBRUARY 1, 2026, THROUGH AND INCLUDING FEBRUARY 28, 2026

General

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

¹ Capitalized 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: 2/1/2026 – 2/28/2026

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 this 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 the 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 March 1, 2026 through the Plan Effective Date for certain line items that would materially fluctuate between these two periods. The Debtors’ methodology is listed in each respective section of these Global Notes.

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: 2/1/2026 – 2/28/2026

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 1a, beginning cash balances vary immaterially compared to the amounts before filing as activity occurred on Friday, January 30, 2026 as well as foreign exchange fluctuations related to the Nine Energy Canada Inc. bank accounts.

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.

The Debtors performed a financial close of their books and records on the Plan Effective Date. The Debtors then estimated and excluded any activity that occurred from March 1, 2026 through the Plan Effective Date for certain line items that materially fluctuate on a day-to-day basis including, but not limited to, Accounts Receivable, Inventory, and Accounts Payable. The values shown in Part 2 of the February MORs are pro forma balance sheets as of February 28, 2026 by Debtor, using the estimation methodology described above.

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.

Page 3 of 5

	MOR Notes
In re: Nine Energy Service, Inc., et al	Case No. (Jointly Administered):  26-90295
	Reporting Date: 2/1/2026 – 2/28/2026

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 February 28, 2026, 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).

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 Prepetition Secured Debt numbers.

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 March 1, 2026 through the Plan Effective Date 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 month of February 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: 2/1/2026 – 2/28/2026

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 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 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 this 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:	2/1/26 - 2/28/26

		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		$	-			$	7,820,931			$	13,096,748			$	-			$	-			$	-			$	8,712,791			$	147,618			$	-			$	8,755,164
Other Collections			38,493				2,357				6,490				-				-				-				2,646				-				-				12,589
Total Cash Receipts		$	38,493			$	7,823,287			$	13,103,238			$	-			$	-			$	-			$	8,715,437			$	147,618			$	-			$	8,767,752
Operating Disbursements		$	(12,522,836	)		$	(3,645,566	)		$	(10,493,460	)		$	-			$	-			$	-			$	(5,521,700	)		$	(80,466	)		$	-			$	(4,058,880	)
Operating Cash Flow		$	(12,484,343	)		$	4,177,721			$	2,609,778			$	-			$	-			$	-			$	3,193,738			$	67,152			$	-			$	4,708,873
Intercompany Transfers		$	14,690,530			$	(4,177,721	)		$	(2,609,778	)		$	-			$	-			$	-			$	(3,193,738	)		$	(421	)		$	-			$	(4,708,873	)
Cash Flow from Operations and Intercompany Transfers		$	2,206,188			$	-			$	-			$	-			$	-			$	-			$	-			$	66,731			$	-			$	-
Non-Operating Disbursements		$	(1,385,770	)		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-
Net Cash Flow		$	820,418			$	-			$	-			$	-			$	-			$	-			$	-			$	66,731			$	-			$	-
Cash Roll Forward
Beginning Cash Balance		$	8,128,912			$	-			$	-			$	-			$	-			$	-			$	-			$	616,148			$	-			$	-
Net Cash Flow			820,418				-				-				-				-				-				-				66,731				-				-
ABL Borrowings/(Payments)			12,146,074				-				-				-				-				-				-				-				-				-
Ending Cash Balance		$	21,095,404			$	-			$	-			$	-			$	-			$	-			$	-			$	682,879			$	-			$	-

⁽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:	2/1/26 - 2/28/26

		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		$	19,517,489			$	(107,488	)		$	(170,235	)		$	-			$	-			$	-			$	(142,208	)		$	680,814			$	-			$	(162,308	)
Restricted Cash			1,394,862				-				-				-				-				-				-				-				-				-
Accounts receivable, net			-				14,267,725				24,551,166				-				-				-				19,017,571				363,927				-				14,755,319
Income taxes receivable			-				-				-				-				-				-				-				-				-				-
Inventories, net			-				5,158,075				6,996,605				-				-				-				37,884,019				581,020				-				2,045,803
Prepaid expenses			9,426,827				254,795				1,484,315				-				-				-				777,942				21,505				-				839,935
Other current assets			99,328				99,040				207,458				-				-				-				225,465				-				-				1,593,185
Current portion of notes receivable			2,500,000				-				-				-				-				-				-				-				-				-
TOTAL CURRENT ASSETS		$	32,938,506			$	19,672,147			$	33,069,309			$	-			$	-			$	-			$	57,762,789			$	1,647,266			$	-			$	19,071,934
Property, plant and equipment, net		$	16,089			$	9,519,373			$	31,875,602			$	-			$	-			$	-			$	3,041,483			$	33,201			$	-			$	17,582,059
Operating lease right-of-use assets			1,564,836				9,644,462				14,655,991				-				-				-				2,558,168				53,227				-				2,836,672
Finance lease right-of-use assets			-				-				-				-				-				-				-				-				-				-
Intangible assets, net			-				-				-				-				-				-				65,962,961				-				-				-
Investment in subsidiary			-				-				-				-				-				-				-				-				-				-
Other long-term assets			23,836				134,479				154,223				-				-				-				199,809				2,184				-				285,164
TOTAL NON-CURRENT ASSETS		$	1,604,761			$	19,298,314			$	46,685,816			$	-			$	-			$	-			$	71,762,421			$	88,612			$	-			$	20,703,895
TOTAL ASSETS		$	34,543,267			$	38,970,461			$	79,755,125			$	-			$	-			$	-			$	129,525,210			$	1,735,878			$	-			$	39,775,829
LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ DEFICIT CURRENT LIABILITIES
Current portion of long-term debt		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-
Accounts payable			2,614,337				4,116,569				8,000,334				-				-				-				4,889,147				7,185				-				2,549,391
Accrued expenses			3,240,952				1,312,841				1,528,437				-				-				-				628,107				15,741				-				820,133
Current portion of operating lease obligations			-				107,595				20,418				-				-				-				-				-				-				-
Current portion of finance lease obligations			-				52,998				-				-				-				-				-				-				-				-
Income taxes payable			-				-				-				-				-				-				-				-				-				-
TOTAL CURRENT LIABILITIES		$	5,855,289			$	5,590,003			$	9,549,189			$	-			$	-			$	-			$	5,517,254			$	22,926			$	-			$	3,369,525
Debtor-in-possession financing		$	82,568,142			$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-
Deferred income taxes			-				-				-				-				-				-				-				-				-				-
Long-term operating lease obligations			-				239,141				43,778				-				-				-				-				-				-				-
Long-term finance lease obligations			-				-				-				-				-				-				-				-				-				-
Other long-term liabilities			-				-				45,000				-				-				-				-				-				-				-
TOTAL NON-CURRENT LIABILITIES		$	82,568,142			$	239,141			$	88,778			$	-			$	-			$	-			$	-			$	-			$	-			$	-
Liabilities Subject to Compromise		$	327,916,952			$	14,201,038			$	18,681,659			$	-			$	-			$	-			$	6,271,317			$	193,316			$	-			$	4,603,468
TOTAL LIABILITIES SUBJECT TO COMPROMISE		$	327,916,952			$	14,201,038			$	18,681,659			$	-			$	-			$	-			$	6,271,317			$	193,316			$	-			$	4,603,468
TOTAL LIABILITIES		$	416,340,384			$	20,030,182			$	28,319,626			$	-			$	-			$	-			$	11,788,571			$	216,242			$	-			$	7,972,993
STOCKHOLDERS’ EQUITY
Common stock		$	423,799			$	2,359			$	1,050			$	-			$	-			$	-			$	5,900			$	-			$	-			$	-
Additional paid-in-capital			60,274,143				26,913,321				41,678,700				-				-				-				587,622,018				30,917,640				-				56,744,946
Intercompany			352,668,327				(87,680,111	)			(55,264,425	)			-				-				-				(216,529,921	)			20,244,646				-				(13,438,974	)
Accumulated other comprehensive loss			(3,194,700	)			-				-				-				-				-				-				(1,516,387	)			-				-
Accumulated deficit			(791,968,685	)			79,704,710				65,020,174				-				-				-				(253,361,357	)			(48,126,263	)			-				(11,503,136	)
TOTAL STOCKHOLDERS’ EQUITY		$	(381,797,116	)		$	18,940,279			$	51,435,499			$	-			$	-			$	-			$	117,736,640			$	1,519,636			$	-			$	31,802,836
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY		$	34,543,267			$	38,970,461			$	79,755,125			$	-			$	-			$	-			$	129,525,210			$	1,735,878			$	-			$	39,775,829

⁽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: 2/1/26 - 2/28/26

		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		$	-			$	7,783,935			$	16,806,191			$	-			$	-			$	-			$	8,513,730			$	172,230			$	-			$	7,964,542
Total Net Revenue		$	-			$	7,783,935			$	16,806,191			$	-			$	-			$	-			$	8,513,730			$	172,230			$	-			$	7,964,542
Cost of Sales:
Cost of Goods Sold		$	-			$	7,309,568			$	13,953,563			$	-			$	-			$	-			$	13,596,564			$	389,830			$	-			$	6,301,907
Total Cost of Sales		$	-			$	7,309,568			$	13,953,563			$	-			$	-			$	-			$	13,596,564			$	389,830			$	-			$	6,301,907
Gross Profit		$	-			$	474,367			$	2,852,628			$	-			$	-			$	-			$	(5,082,834	)		$	(217,600	)		$	-			$	1,662,635
General & Administrative expenses		$	2,069,239			$	309,292			$	432,631			$	-			$	-			$	-			$	588,281			$	14,668			$	-			$	365,943
Depreciation			452				571,216				742,292				-				-				-				43,806				1,198				-				498,101
Amortization of Intangibles			-				-				-				-				-				-				898,148				-				-				-
Change in contingent earnout liability			-				-				-				-				-				-				-				-				-				-
(Gain) loss on sale of assets			-				(139,926	)			-				-				-				-				-				(3,845	)			-				-
Gain/(Loss) From Operations		$	(2,069,691	)		$	(266,215	)		$	1,677,705			$	-			$	-			$	-			$	(6,613,069	)		$	(229,621	)		$	-			$	798,591
Interest expense		$	332,681			$	3,240			$	-			$	-			$	-			$	-			$	-			$	117,386			$	-			$	-
Interest income			(29,377	)			-				-				-				-				-				-				-				-				-
Reorganization Items			27,560,183				-				-				-				-				-				-				-				-				-
Other expense (income)			19,230,191				-				(54,000	)			-				-				-				-				-				-				-
Gain/(Loss) Before Income taxes		$	(49,163,369	)		$	(269,455	)		$	1,731,705			$	-			$	-			$	-			$	(6,613,069	)		$	(347,007	)		$	-			$	798,591
Provision (benefit) for income taxes			-				-				-				-				-				-				-				-				-				-
Net Income (Loss)		$	(49,163,369	)		$	(269,455	)		$	1,731,705			$	-			$	-			$	-			$	(6,613,069	)		$	(347,007	)		$	-			$	798,591

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

FAQ

What Chapter 11 status does Nine Energy Service (NINE) report in this filing?

Nine Energy Service and affiliates filed voluntary Chapter 11 petitions on February 1, 2026. The bankruptcy court confirmed their prepackaged reorganization plan on March 4, 2026, and the plan became effective March 5, 2026, at which point the company emerged as reorganized debtors.

What cash position does Nine Energy Service (NINE) show in the February 2026 report?

For February 2026, Nine reports a beginning cash balance of $8,128,912, total receipts of $26,875,097 and disbursements of $13,908,606, resulting in an ending cash balance of $21,095,404. These figures are part of the unaudited monthly operating report filed with the bankruptcy court.

What are Nine Energy Service (NINE)’s key balance sheet figures as of February 28, 2026?

As of February 28, 2026, Nine Energy Service, Inc. lists total assets of $34,543,267 and total liabilities of $416,340,384, resulting in ending equity of -$381,797,116. Liabilities include $82,568,142 of debtor-in-possession financing and $327,916,952 of liabilities subject to compromise.

What monthly profit or loss does Nine Energy Service (NINE) report for February 2026?

For February 2026, Nine Energy Service, Inc. reports a net loss of $49,163,379. This includes $2,069,239 of general and administrative expenses, $19,230,191 of other expense and $27,560,183 of reorganization items, with no revenue at the parent-company level in this report.

How does Nine Energy Service (NINE) describe the reliability of its monthly operating reports?

The company states the reports are prepared solely to meet Bankruptcy Code requirements, are unaudited, not prepared in accordance with U.S. GAAP and may differ materially from consolidated financial statements. It cautions that the reports are subject to future adjustment and should not be used as an investment basis.

What operational activity do Nine Energy Service (NINE) subsidiaries show in February 2026?

Subsidiaries CDK Perforating, Crest Pumping Technologies, Nine Energy Canada and RedZone Coil Tubing report February revenues of $7,783,935, $16,806,191, $8,513,730 and $7,964,542 respectively. Some entities also record significant cost of goods sold and operating cash flows while the parent records reorganization-related items.

Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99.1 MONTHLY OPERATING REPORT OF NINE ENERGY SERVICE, INC. FOR THE PERIOD BEGINNING O 1010.0 KB

Other Documents

• EX-101 XBRL SCHEMA FILE 3.0 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.9 KB