Nine Energy Earnings Reports

Nine Energy Service posted Q4 2024 revenue of $141.4 million, marking a sequential increase. However, the company reported a net loss of $8.8 million. Gross profit stood at $16.5 million, with an adjusted EBITDA of $14.1 million. The cementing segment contributed significantly to revenue growth despite a flat US rig count.

Nine Energy Service reported Q3 2024 revenues of $138.2 million, a net loss of $(10.1) million, and adjusted EBITDA of $14.3 million. Revenue exceeded the company's original guidance due to market share gains in the cementing division, which saw a 12% increase in revenue despite a declining rig count.

Nine Energy Service reported Q2 2024 revenues of $132.4 million, a net loss of $(14.0) million, and adjusted EBITDA of $9.7 million. The results were within the company's provided revenue guidance range. The company expects Q3 revenue and profitability to be relatively flat compared with Q2.

Nine Energy Service reported Q1 2024 revenues of $142.1 million, a net loss of $(8.1) million, and adjusted EBITDA of $15.0 million. The company's revenue was within its original guidance range, and it saw an increase in gross profit despite a flat US rig count.

Nine Energy Service reported Q3 2023 revenues of $140.6 million, a net loss of $(13.3) million, and adjusted EBITDA of $11.6 million. The company's revenue was within its original guidance range, but activity declines and operational inefficiencies impacted profitability. Nine anticipates Q4 revenue and earnings to be flat to slightly up sequentially.

Nine Energy Service reported Q2 2023 revenues of $161.4 million, a net loss of $(2.5) million, and adjusted EBITDA of $21.7 million. The results were within the company's original revenue guidance, but activity declines and pricing pressure are expected to impact Q3 results negatively.

Nine Energy Service reported first quarter 2023 revenues of $163.4 million, a net loss of $(6.1) million, and an adjusted EBITDA of $25.0 million. The company's performance was as expected, with revenue falling within the original guidance range. However, they anticipate a slight sequential decrease in revenue for Q2 due to softening market conditions and pricing pressure.

Nine Energy Service reported Q4 2022 revenues of $166.7 million, net income of $8.0 million, or $0.24 per diluted share, and adjusted EBITDA of $30.0 million. The company's results fell within the provided revenue guidance range.

Nine Energy Service reported Q3 2022 revenues of $167.4 million, net income of $14.3 million, and adjusted EBITDA of $32.6 million. The company's results exceeded original revenue guidance, representing an 18% sequential increase. The company also repurchased $13.0 million par value of bonds for $10.1 million of cash.

Nine Energy Service reported Q2 2022 revenues of $142.3 million, exceeding their initial guidance. Despite the revenue beat, the company experienced a net loss of $(1.0) million, but achieved an adjusted EBITDA of $18.9 million.

Nine Energy Service reported Q1 2022 revenues of $116.9 million, exceeding their initial guidance. The company experienced a net loss of $(6.9) million, but achieved an adjusted EBITDA of $12.2 million. Cementing revenues increased 31% quarter over quarter.

Nine Energy Service reported Q4 2021 revenues of $105.1 million, a net loss of $(15.7) million, and adjusted EBITDA of $4.6 million. The company outperformed its Q4 revenue guidance, driven by strong performances in both cementing and completion tools. They anticipate North American capital spending will increase by at least 20% in 2022.

Nine Energy Service reported Q3 2021 revenues of $92.9 million, a net loss of $(16.1) million, and adjusted EBITDA of $4.5 million. The company's revenue fell slightly below original guidance due to labor constraints, despite a sequential revenue increase of approximately 9%.

Nine Energy Service reported Q2 2021 revenues of $84.8 million and a net loss of $(24.5) million, or $(0.81) basic loss per share. Adjusted EBITDA was $(0.4) million. The company's revenue exceeded the midpoint of its guidance, representing a 27% sequential increase.

Nine Energy Service reported a revenue increase of 8% to $66.6 million in Q1 2021, driven by strong activity in cementing and completion tools, despite a net loss of $(8.2) million and adjusted EBITDA of $(3.4) million. The company repurchased $26.3 million par value of bonds for $8.4 million, reducing debt outstanding. They anticipate a challenging environment in 2021 but expect sequential revenue increases in Q2 and Q3.

Nine Energy Service reported Q4 2020 revenue of $62.0 million, a net loss of $(35.4) million, and an adjusted EBITDA of $(13.9) million. The company ended the year with a cash balance of $68.9 million and an undrawn ABL.

Nine Energy Service reported Q3 2020 revenues of $49.5 million and a net loss of $(18.5) million. The company saw sequential activity and revenue increases throughout the quarter, but absolute activity levels remained low. The company capitalized on opportunities to purchase additional bonds, reducing overall debt outstanding.

Nine Energy reported a challenging second quarter in 2020, with a significant decrease in revenue to $52.7 million due to the COVID-19 pandemic's impact on North American operators. The company experienced a net loss of $(24.2) million and an adjusted EBITDA of $(11.0) million. Despite the downturn, Nine Energy focused on cost-cutting measures and working capital management, maintaining a strong cash balance of $88.7 million.

Nine Energy Service reported a revenue of $146.6 million for Q1 2020. The company experienced a net loss of $(300.9) million, which includes goodwill impairment charges of $296.2 million. Adjusted EBITDA stood at $10.3 million. The company's revenue fell slightly below the original guidance range, while adjusted EBITDA was within the guidance.

Nine Energy Service reported Q4 2019 revenue of $163.4 million, outperforming its initial guidance. However, the company experienced a net loss of $(220.5) million, which includes significant impairment charges. Adjusted EBITDA for the quarter was $11.6 million, aligning with the company's guidance.