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Nine Energy Service — Third Quarter 2026 Earnings Summary

  • Q3 2026 revenue reached $142.0 million, up from $141.8 million in Q2, while net loss widened to $5.1 million ($0.36/share) from $4.9 million ($0.35/share) and adjusted EBITDA declined to $8.3 million from $8.6 million.
  • Full-year 2026 capital expenditure guidance remains unchanged at $20–$30 million, with results expected near the midpoint, and total liquidity stands at $46.0 million as of September 30, 2026.
  • Q4 2026 revenue is forecast to be flat quarter-over-quarter, with modestly higher profitability anticipated due to a shift toward higher-margin cementing and international tools businesses.
  • Cementing revenue grew 11% quarter-over-quarter driven by demand and market share gains, while coiled tubing operations faced constraints with one large-diameter unit out of service until a potential December 2026 return.
  • The company continues to apply fresh start accounting following its March 5, 2026 emergence from bankruptcy, rendering predecessor and successor financial data non-comparable.
Company
NINE ENERGY SERVICE INC
Sector
Energy
Industry
Oil & Gas Equipment & Services