Business
Nine Energy Service Announces First Quarter 2026 Results
HOUSTON, May 13, 2026--Nine Energy Service Announces First Quarter 2026 Results
About this update from Nine Energy Service, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":230,"url":"https://media.zenfs.com/en/business-wire.com/f2242bc5641188821843738f184a3d17"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/FyezJjfLpMuQYDJ7xwT6zw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ2MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/f2242bc5641188821843738f184a3d17","width":480,"height":230},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/vuM8oOP9LQyJnB1jueFz.Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTMwNztjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/f2242bc5641188821843738f184a3d17","width":480,"height":230}},"lazy":false},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue, net income and adjusted EBITDAA of $88.4 million, $107.9 million and $0.9 million, respectively, for the predecessor period1","length":133,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Revenue, net loss and adjusted EBITDA of $41.6 million, $(1.3) million and $2.1 million, respectively, for the successor period1","length":128,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Expect second quarter 2026 revenue of $136 - $146 million and adjusted EBITDA of $10.0 - $15.0 million","length":102,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Nine has surpassed over 500,000 Scorpion™ Composite Plugs sold","length":62,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Total liquidity as of March 31, 2026 of $46.9 million","length":53,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":478,"olType":false},{"type":"text","content":"HOUSTON, May 13, 2026--(BUSINESS WIRE)--Nine Energy Service, Inc. ("Nine" or the "Company") (NYSE American: NINE) reported revenues of $88.4 million, net income of $107.9 million, or $2.65 per diluted share and $2.65 per basic share, and adjusted EBITDA of $0.9 million for the predecessor period. Nine reported revenues of $41.6 million, net loss of $(1.3) million, or $(0.09) per diluted share and $(0.09) per basic share, and adjusted EBITDA of $2.1 million for the successor period.","length":506,"tagName":"p"},{"type":"text","content":""The first quarter was an unusual and complex period from a financial reporting perspective," said ...