Nine Energy Service, Inc. · AMEX:NINE
Nine Energy Service — Q2 2026 Earnings Presentation
27 slides from Nine Energy Service's earnings presentation, Aug 6, 2026
Slide 1: Q2 2026 IR Presentation
Nine Q2 2026 IR Presentation
Slide 2: Disclaimer: Forward-Looking Statements & Non-GAAP Financial Measures
DISCLAIMER 2 Forward-Looking Statements & Non-GAAP Financial Measures Certain statements in this presentation are forward-looking statements that are subject to a number of risks and uncertainties, many of which are beyond our control. All statements, other than statements of historical fact include
Slide 3: Company Overview
Nine COMPA: OVERVIE
Slide 4: Company Overview: Investment Highlights
COMPANY OVERVIEW 4 Revenue by service line1 Investment Highlights 21% 22% Completion Tools Capital-light business model with strong barriers to entry driving greater cash generation Cementing Coiled Tubing 19% ~60% of business driven by technology-based Wireline businesses (completion tools & cement
Slide 5: Technology-Based Service Offering
TECHNOLOGY-BASED SERVICE OFFERING 5 Performance Delivered. Nine’s wide range of advanced technologies will accommodate any type of completion for 100% of wells drilled in the United States and Canada.
Slide 6: Summary of Service Lines
SUMMARY OF SERVICE LINES 6 Nine operates a diversified suite of oilfield completion products and services with significant barriers to entry Completion Tools Cementing Coiled Tubing Wireline Provider of downhole solutions and Consists of blending high-grade Wellbore intervention operations Involves
Slide 7: Asset Light Model
ASSET LIGHT MODEL 7 Pressure Pumping Wireline
Slide 8: Asset-Light Model Reduces Capex Needs
ASSET-LIGHT MODEL REDUCES CAPEX NEEDS 8 Nine has fundamentally reduced the capex needs to run the business Nine Annual Capex Spend ($mm) $62 $53 $45 $32 $22 $15 $15 $18 $10 2017 2018 2019 2020 2021 2022 2023 2024 2025 Revenue $544 $827 $833 $311 $349 $593 $610 $554 $562 ($MM) CapEx as a 8% 6% 7% 3%
Slide 9: Market Share Overview
MARKET SHARE OVERVIEW 9 US Completions Market Share Nine US Wireline & Completion Tools % of stage completed1 21% 20% 20% 17% 18% 17% 17% 14% 2018 2019 2020 2021 2022 2023 2024 2025 US Cementing Market Share Nine U.S. Cementing Market Share in the Eagle Ford, Permian & Haynesville 2 19% 18% 17% 16%
Slide 10: Geographic and Commodity Diversity
GEOGRAPHIC AND COMMODITY DIVERSITY 10 Our Services CANADA – <1% Completion Tools Cementing BAKKEN – 4% Coiled Tubing DJ/NIOBRARA – 1% Wireline MARCELLUS/UTICA – 21% MIDCON – <1% ~5% of overall revenue comes PERMIAN – 41% BARNETT – 3% from outside NAM HAYNESVILLE – 12% EAGLE FORD – 13% Service Covera
Slide 11: Continued Excellence in Safety
CONTINUED EXCELLENCE IN SAFETY 11 TRIR 2.47 1.5 1.44 1.26 0.88 0.77 0.63 0.49 0.44 0.30 0.48 0.41 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Slide 12: Customers Who Trust Us
CUSTOMERS WHO TRUST US 12 Diverse, Blue-chip customer base with minimal concentration
Slide 13: Technology Overview
\) Nine con LE > . \ f 1 ff ’ ; CO) TECHNOLOGY s aa : OVERVIEW Be ack. ) >
Slide 14: New Generation of Dissolvable Plugs
NEW GENERATION OF DISSOLVABLE PLUGS 14 Nine Stinger Dissolvable Plug PLUG OVERVIEW Shorter Design, decreasing plug size by over 70% Predictable and reliable dissolution for entire addressable isolation tool market Completely dissolvable, eliminating plug drill-out MARKET & FINANCIAL OVERVIEW High-vo
Slide 15: Nine Dissolvable Plug Benefits
NINE DISSOLVABLE PLUG BENEFITS 15 Neutral or Reduced AFE Increased IRR Reduced EMISSIONS Increased SAFETY with Fewer Humans at Surface
Slide 16: Dissolvable Plug Adoption Increasing
DISSOLVABLE PLUG ADOPTION INCREASING 16 Dissolvable Plug Market Share2 ~70% of the US Dissolvable Plug Market share is concentrated among four competitors, including Nine 2025 Nine Total US Plug Market Share1 10 – 45% Remaining Competitors 15 – 20% 10 – 15% Kureha 15 – 25% Schlumberger ~55-90% 15 –
Slide 17: Scorpion Composite Plug
SCORPION COMPOSITE PLUG 17 Over 500,000+ plugs run Delivering secure and dramatically faster mill-out times, Nine offers a wide range of composite frac plugs for the longest and most complex laterals. SCORPION LONG RANGE BRIDGE (GEN1) Manufactured almost entirely of Designed to pass through damaged
Slide 18: Expanding into New Markets Through Technology
EXPANDING INTO NEW MARKETS THROUGH TECHNOLOGY 18 Refrac market – enables customers International Market to get product to market in 10-14 days versus traditional completions of ~6 months Nine’s patented Multi-Cycle Barrier Valves are helping expand the Company’s tool portfolio in the international m
Slide 19: Expanding Through ESG Technology
EXPANDING THROUGH ESG TECHNOLOGY 19 Dissolvable Pumpdown Rings Used in conjunction with Nine’s composite or dissolvable plugs, by adding a dissolvable pumpdown ring, the bypass around the plug is greatly reduced while maintaining the needed line tension. Using a dissolvable pumpdown ring has been sh
Slide 20: Significant & Scalable Emission Reductions
SIGNIFICANT & SCALABLE EMISSION REDUCTIONS 20 Nine Stinger Dissolvable Frac Plug Dissolvable frac plugs on a 6-well pad take 84 cars off the road: ~404 METRIC TONS OF CO2E Source: ERM; Details and assumptions can be found on Nine’s website at: nineenergyservice.com/assets/files/Environmental-Study-R
Slide 21: Cementing & Drilling Solutions
CEMENTING & DRILLING SOLUTIONS 21 Succeed in the Most Complex Formations Deep expertise in North America’s most active shale plays, innovative slurry R&D, modern technology and steadfast service. Cement Slurries CRACK ATTACK FLEX 50H Prevent lost circulation & reduce costs 16X more acid resistance a
Slide 22: Financial Overview
Nine FINANCIAL OVERVIEW
Slide 23: Q2 2026 Financial Snapshot
Q2 2026 FINANCIAL SNAPSHOT 23 Q2 Highlights Q2 2026 ($mm) Q2 revenue was within guidance; however, Adj. EBITDA was below guidance REVENUE During the quarter, two of our large-diameter coiled tubing units were taken out of service due to maintenance-related issues, representing approximately 17% of o
Slide 24: 6/30/2026 Capitalization
6/30/2026 CAPITALIZATION 24 Commentary AS OF 6/30/26 ($MM) CAPITALIZATION Total capex for Q2 26 of $4.8mm and Q1 26 of $5.6mm1, total capex YTD of $10.4mm Cash 16.8 Expect FY 26 capex to be between $20 - $30 million Debt Exit ABL Facility 97.3 Short-term debt 1.6 Total Debt 98.9 Net Debt 82.1 Total
Slide 25: Close to Perfection, Far from Ordinary
CLOSE TO PERFECTION ( FAR FROM ORDINARY
Slide 26: Appendix
APPENDIX
Slide 27: Nine Adj. EBITDA Reconciliation
NINE ADJ. EBITDA RECONCILIATION 27 ($ MM UNLESS OTHERWISE NOTED) Q226 Q1261 2025 2024 2023 2022 2021 2020 EBITDA Reconciliation Net income (loss) (4.9) 106.6 (51.3) (41.1) (32.2) 14.4 (64.6) (378.9) Interest expense 1.9 5.8 55.2 51.3 51.1 32.5 32.5 36.8 Interest Income (0.1) (0.08) (0.7) (0.8) (1.3)