Business
Nine Energy Service Announces First Quarter 2026 Results
Revenue, net income and adjusted EBITDA A of $88.4 million, $107.9 million and $0.9 million, ...
About this update from Nine Mile Metals Ltd.
[{"type":"text","content":"Nine Energy Service Announces First Quarter 2026 Results\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwdoublebottom { border-bottom: double black 2.25pt }\n.bwleftsingle { border-left: solid black 1pt }\n.bwlistdisc { list-style-type: disc }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadb4 { padding-bottom: 5px }\n.bwpadl0 { padding-left: 0px }\n.bwpadl12 { padding-left: 60px }\n.bwpadl2 { padding-left: 10px }\n.bwpadl4 { padding-left: 20px }\n.bwpadl5 { padding-left: 25px }\n.bwpadl8 { padding-left: 40px }\n.bwpadr0 { padding-right: 0px }\n.bwrightsingle { border-right: solid black 1pt }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignt { vertical-align: top }\n.bwwidth1 { width: 1% }\n.bwwidth100 { width: 100% }\n.bwwidth18 { width: 18% }\n.bwwidth38 { width: 38% }\n.bwwidth59 { width: 59% }\n \n\n\n\n\n Revenue, net income and adjusted EBITDA\n \n A\n \n of $88.4 million, $107.9 million and $0.9 million, respectively, for the predecessor period\n \n 1\n \n\n\n Revenue, net loss and adjusted EBITDA of $41.6 million, $(1.3) million and $2.1 million, respectively, for the successor period\n \n 1\n \n\n\n Expect second quarter 2026 revenue of $136 - $146 million and adjusted EBITDA of $10.0 - $15.0 million\n \n\n Nine has surpassed over 500,000 Scorpion\n \n ™\n \n Composite Plugs sold\n \n\n Total liquidity as of March 31, 2026 of $46.9 million\n \n\n\n\n\n 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.\n \n\n “The first quarter was an unusual and complex period from a financial reporting perspective,” said Ann Fox, President and Chief Executive Officer of Nine Energy Service. “Durin...