Nine Energy Service, Inc. (NINE)
XASE:NINE
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Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.11Last Year’s EPS
-0.25Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call balanced clear near-term challenges (a $5.5M inventory write-down, severe weather disruptions, Q1 negative operating cash flow, declines in wireline and completion tool revenue, and elevated revolver borrowings) with a set of meaningful positives: the company emerged from Chapter 11 with fresh start accounting and improved positioning, reported $130M revenue and $13.8M adjusted gross profit, provided constructive Q2 guidance ($136M–$146M revenue and $10M–$15M adjusted EBITDA), demonstrated international and Haynesville growth opportunities, and hit a product milestone of 500k Scorpion plugs sold. Management expressed confidence that weather-related impacts and bankruptcy-related noise are behind the company and expects normalized and improved financial performance in Q2 and the back half of the year.Company Guidance
Quarterly Revenue and Profitability
Reported revenue of $130.0M for Q1 2026 with adjusted gross profit of $13.8M and reported adjusted EBITDA of $3.0M (note: includes a $5.5M noncash inventory write-down).
Positive Q2 Guidance Showing Sequential Improvement
Management projects Q2 revenue of $136M–$146M and adjusted EBITDA of $10M–$15M, implying a meaningful sequential improvement in both top-line and EBITDA from Q1.
Post-Bankruptcy Fresh Start and Improved Financial Position
Exited Chapter 11 and applied fresh start accounting on March 5, 2026; management states the company has been transformed and is in a stronger financial position.
Liquidity and Capital Structure
Cash and cash equivalents of $11.2M and $35.7M availability under the revolver for total liquidity of $46.9M as of March 31, 2026 (borrowings of $90.4M under the revolver, plus an additional $5M borrowed on April 28).
Operational Milestones and Market Expansion
Opened a wireline facility in the Haynesville to capture gas-driven activity; Nine surpassed 500,000 Scorpion plugs sold — a notable product milestone demonstrating sustained demand.
International Tool Growth
International tools business demonstrated strength — management cited ~14% sequential international tool revenue growth in 2025 driven by sales in UAE, Argentina and Saudi Arabia; international business saw minimal impact from Iran conflict so far.
Selective Service-Line Strength
Cementing revenue was $53.4M (up ~1% QoQ) with cement jobs completed up ~4% to 1,022; Coiled tubing revenue increased ~4% as days worked rose ~28% (despite blended day rates down ~18%).
Commodity Backdrop Supporting Activity
Natural gas prices averaged ~$4.70 in Q1 vs $3.73 in Q4 (an increase of ~26%), and the Haynesville added ~25 rigs over the past four quarters, ending Q1 with 55 rigs — supporting opportunities in gas‑levered basins.
Capital Expenditure and R&D Plans
Q1 CapEx of $5.6M with full-year CapEx guidance of $20M–$30M; management is increasing R&D and engineering investments (new test/R&D facilities and updated Scorpion and dissolvable Stinger plugs planned).
NINE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NINE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 13, 2026 | $10.38 | $10.40 | +0.19% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Nine Energy Service, Inc. (NINE) report earnings?
Nine Energy Service, Inc. (NINE) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is Nine Energy Service, Inc. (NINE) earnings time?
Nine Energy Service, Inc. (NINE) earnings time is at Jul 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NINE EPS forecast?
NINE EPS forecast for the fiscal quarter 2026 (Q2) is -0.11.