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Nine Energy Service Board Changes Amidst Financial Challenges

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Nine Energy Service Board Changes Amidst Financial Challenges

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Nine Energy Service ( (NINE) ) has shared an update.

On August 1, 2025, Mark E. Baldwin resigned from Nine Energy Service‘s Board of Directors, and Jerome (Joey) D. Hall joined the board the following day. Despite a challenging second quarter in 2025, marked by significant rig declines and pricing pressures due to falling commodity prices, Nine Energy Service reported revenues at the upper end of its guidance range, with a net loss of $10.4 million. The company saw a 9% increase in Completion Tool revenue and an 11% rise in Wireline revenue quarter over quarter, driven by international sales and efficient operations. Nine Energy Service is focused on expanding its market share and international business while managing costs, anticipating a decline in Q3 revenue and earnings.

Spark’s Take on NINE Stock

According to Spark, TipRanks’ AI Analyst, NINE is a Neutral.

The overall stock score reflects the company’s significant financial challenges, as indicated by a low financial performance score due to high leverage and negative equity. Technical indicators point to bearish momentum, and the valuation remains unattractive with a negative P/E ratio. Additionally, the potential NYSE delisting poses further risks to investor sentiment and liquidity, despite some operational improvements and strategic refinancing efforts.

To see Spark’s full report on NINE stock, click here.

More about Nine Energy Service

Nine Energy Service is an oilfield services company headquartered in Houston, Texas, providing completion solutions across North America and internationally. The company is known for its commitment to delivering customized solutions, superior service quality, and cutting-edge technology to the global oil and gas industry.

Average Trading Volume: 3,422,129

Technical Sentiment Signal: Sell

Current Market Cap: $30.3M

For a thorough assessment of NINE stock, go to TipRanks’ Stock Analysis page.

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