Nine Energy Service Secures New Credit Facility Agreement

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

On May 1, 2025, Nine Energy Service entered into a new asset-based revolving credit facility agreement with White Oak Commercial Finance, replacing its previous facility. This new $125 million credit facility, which could increase by up to $50 million, aims to enhance the company’s financial flexibility and liquidity, supporting its strategic goals. Additionally, on May 2, 2025, the company announced changes to its board of directors, with Gary L. Thomas resigning and Richard A. Burnett joining. The company also held its annual meeting, where stockholders approved various proposals, including the election of directors and an incentive plan amendment. Nine Energy Service reported a 6% increase in revenue for the first quarter of 2025, reaching $150.5 million, despite a flat US rig count, and improved its net loss by 20%. The company anticipates challenges ahead due to declining oil prices and increased costs, but remains focused on executing its strategy and maintaining service quality.

Spark’s Take on NINE Stock

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

Nine Energy Service’s overall stock score reflects significant financial risks due to high leverage and ongoing losses. While technical analysis indicates bearish momentum, strategic initiatives and corporate restructuring provide some positive outlook. However, current valuation challenges and market conditions present ongoing risks.

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

More about Nine Energy Service

Nine Energy Service is an oilfield services company that provides completion solutions across North America and internationally. The company is known for its commitment to delivering customized solutions, superior service quality, and advanced technology to the global oil and gas industry. Headquartered in Houston, Texas, Nine Energy Service operates in major regions such as the Permian, Eagle Ford, Haynesville, and others.

Average Trading Volume: 655,802

Technical Sentiment Signal: Sell

Current Market Cap: $31.77M

Find detailed analytics on NINE stock on TipRanks’ Stock Analysis page.