Business Wire·Nov 9, 2026, 4:55 PM ET

Nine Energy Service Announces Third Quarter 2026 Results

Nine Energy Service reported Q3 2026 revenue of $142.0 million, a net loss of $5.1 million, & adjusted EBITDA of $8.3 million.
Cementing revenue increased 11% quarter-over-quarter due to sustained demand & market share gains.
Coiled Tubing operations faced constraints as one large-diameter unit remained out of service until an expected December 2026 return.
Total liquidity stood at $46.0 million as of September 30, 2026, comprising $16.1 million in cash & $29.9 million in credit facility availability.
The company expects Q4 2026 revenue to remain flat while profitability improves modestly driven by higher-margin cementing & international tools business.
Full-year 2026 capital expenditures guidance remains unchanged at $20 to $30 million, with expectations to finish near the midpoint.
Net cash provided by operating activities was $4.7 million, while capital expenditures totaled $2.8 million during the quarter.
The company emerged from bankruptcy on March 5, 2026, applying fresh start accounting which established a new basis for financial reporting.
General & administrative expenses were $16.5 million, while depreciation & amortization totaled $7.4 million in the quarter.
A conference call regarding these results is scheduled for November 10, 2026, at 9:00 am Central Time.