Nine Energy Service (NINE) AI Stock Analysis

• Market Cap: $1.81M
• Dividend Yield: N/A
• Average Volume (3M): N/A
• Price to Earnings (P/E): ―
• Beta (1Y): 0.84
• Revenue Growth: 2.59%
• EPS Growth: 16.02%
• Country: US
• Employees: N/A
• Sector: Energy
• Sector Strength: 52
• Industry: N/A
• EPS (TTM): -0.35
• Shares Outstanding: 43,361,340
• 10 Day Avg. Volume: N/A
• 30 Day Avg. Volume: N/A
• PEG Ratio: -0.07
• Price to Book (P/B): -0.63
• Price to Sales (P/S): 0.08
• P/FCF Ratio: -26.55
• Enterprise Value/Market Cap: 214.00
• Enterprise Value/Revenue: 0.68
• Enterprise Value/Gross Profit: 5.89
• Enterprise Value/Ebitda: 6.26
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 40 Underperform
• Price Target: $0.01 ▼(-97.11% Downside)

The score is driven primarily by weak financial health (losses, negative free cash flow, and a highly stressed balance sheet with negative equity). Technical indicators also point to severe weakness (oversold and far below moving averages). Recent updates add risk: the earnings outlook is cautious and the Chapter 11 restructuring implies current equity holders may be wiped out.

Positive Factors

Diversified completion services & regional footprint

Nine’s multi-service model (fracturing, wireline, coiled tubing) and presence across major U.S. basins provides durable demand exposure to onshore E&P activity. Fee-for-service contracts and partnerships with equipment and tech providers support stable revenue streams and operational scale over the medium term.

International revenue expansion

A near-term 19% international revenue increase demonstrates structural diversification away from U.S. rig cycles. Growth in UAE, Argentina and Australia builds non‑domestic footprints, spreads geographic risk, and can provide access to higher utilization and pricing over a multi‑quarter horizon.

Technical capability in cementing

The cementing breakthrough signals durable technical differentiation and R&D capability. Proprietary formulations that reduce pumping pressures and improve reliability can deepen customer relationships, enable premium service offerings, and support margin recovery over several quarters.

Negative Factors

Prepackaged Chapter 11 restructuring

A confirmed prepackaged Chapter 11 materially alters capital structure: existing equity is to be canceled, control passes to noteholders and a DIP/exit ABL is planned. This is a structural reset that erases shareholder value and replaces prior capital incentives, increasing execution and financing risk.

Highly leveraged balance sheet; negative equity

Negative equity and high leverage constrain financial flexibility, amplify refinancing and covenant risk, and can distort performance metrics. Over months this raises the probability of restructurings, limits access to incremental capital, and pressures long‑term operational planning.

Declining revenue and negative free cash flow

Persistent revenue declines and negative free cash flow mean the business cannot self‑fund operations or reduce leverage, leaving it vulnerable to prolonged rig count weakness and pricing pressure. Structural cash deficits necessitate external financing or asset/workforce reductions.

Nine Energy Service Business Overview & Revenue Model

Company Description

How the Company Makes Money

Nine Energy Service generates revenue primarily through its service offerings, which include hydraulic fracturing, wireline services, and coiled tubing. The company typically charges clients on a fee-for-service basis, with pricing determined by the complexity and scale of the projects undertaken. Key revenue streams come from long-term contracts with major oil and gas companies, which provide a stable income source. Additionally, Nine Energy Service benefits from partnerships with equipment manufacturers and technology providers, enhancing its service capabilities and operational efficiency. Market demand for oil and natural gas, as well as fluctuations in commodity prices, significantly influence the company's earnings, as higher prices generally lead to increased exploration and production activities by its clients.

Nine Energy Service Financial Statement Overview

Summary

Overall fundamentals are weak: revenue is declining (TTM growth -1.06%), profitability remains negative, and free cash flow is still negative. The balance sheet is a major concern with negative equity and high leverage, despite some mixed improvement in certain cash flow and margin metrics.

Income Statement

The income statement shows a challenging financial position for Nine Energy Service. The company has experienced a decline in revenue growth, with a negative growth rate of -1.06% in the TTM period. Gross profit margins have decreased, and net profit margins are negative, indicating ongoing losses. Despite some improvement in EBIT and EBITDA margins, the overall profitability remains weak.

Balance Sheet

The balance sheet reveals significant financial leverage, with a high debt-to-equity ratio due to negative stockholders' equity. This indicates potential financial instability. The return on equity is positive, but this is primarily due to negative equity, which distorts the metric. The equity ratio is also negative, highlighting a concerning capital structure.

Cash Flow

Cash flow analysis shows some positive trends, with an improvement in free cash flow growth rate and operating cash flow to net income ratio. However, free cash flow remains negative, and the free cash flow to net income ratio is unfavorable, indicating challenges in generating sufficient cash flow to cover net losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	571.17M	554.10M	609.53M	593.38M	349.42M	310.85M
Gross Profit	65.70M	60.60M	78.12M	96.04M	-3.59M	-40.20M
EBITDA	61.81M	60.47M	72.67M	96.34M	20.97M	-286.85M
Net Income	-40.94M	-41.08M	-32.21M	14.39M	-64.58M	-378.95M
Balance Sheet
Total Assets	340.70M	360.08M	401.98M	426.83M	381.61M	442.60M
Cash, Cash Equivalents and Short-Term Investments	14.39M	27.88M	30.84M	17.45M	21.51M	68.86M
Total Debt	375.91M	358.79M	366.32M	377.80M	372.07M	384.25M
Total Liabilities	436.57M	426.14M	437.61M	450.34M	420.88M	422.19M
Stockholders Equity	-95.87M	-66.06M	-35.63M	-23.51M	-39.27M	20.41M
Cash Flow
Free Cash Flow	-6.70M	-1.57M	20.91M	-11.88M	-55.83M	-14.32M
Operating Cash Flow	9.86M	13.20M	45.51M	16.67M	-40.42M	-4.90M
Investing Cash Flow	-16.16M	-14.18M	-23.16M	-25.42M	-11.92M	-1.78M
Financing Cash Flow	6.99M	-1.68M	-8.89M	4.85M	5.05M	-17.39M

Nine Energy Service Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.45
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NINE, the sentiment is Negative. The current price of 0.45 is above the 20-day moving average (MA) of 0.44, above the 50-day MA of 0.41, and below the 200-day MA of 0.60, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 29.17 is Positive, neither overbought nor oversold. The STOCH value of 3.64 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NINE.

Nine Energy Service Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NCSM	71 Outperform	$95.64M	8.39	11.89%	―	16.61%	-72.29%
SND	69 Neutral	$202.91M	47.55	1.61%	―	18.98%	―
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
DTI	52 Neutral	$132.70M	-20.30	-5.18%	―	7.46%	-165.76%
KLXE	50 Neutral	$41.03M	-0.50	―	―	-12.57%	-45.75%
DWSN	45 Neutral	$70.79M	-20.02	-19.81%	―	-22.31%	39.11%
NINE	40 Underperform	$1.81M	-0.03	―	―	2.59%	16.02%

Nine Energy Service Corporate Events

Nine Energy Service Begins Prepackaged Chapter 11 Restructuring

On February 1, 2026, Nine Energy Service and certain subsidiaries filed voluntary Chapter 11 petitions in the U.S. Bankruptcy Court for the Southern District of Texas to implement a prepackaged reorganization plan aimed at restructuring their existing indebtedness. The company entered into a restructuring support agreement with an ad hoc group of holders of its 13.000% senior secured notes due 2028 and its asset‑based lenders, under which the noteholders will receive 100% of the equity in the reorganized company, the senior secured notes and existing common stock will be canceled, and a management equity incentive plan will be put in place. The plan is backed by more than 70% of the senior secured noteholders and all prepetition ABL lenders, and is designed to move quickly: Nine has sought approval for a $125 million debtor‑in‑possession ABL facility from its existing ABL lenders, expects that facility to roll into a $135 million exit ABL facility upon emergence, and is targeting emergence from Chapter 11 within 45 days of the filing. The filing triggered defaults and acceleration under Nine’s existing debt instruments, but enforcement is stayed by the bankruptcy process, and the company warns that trading in its securities is highly speculative, with current equity holders expected to suffer a complete loss as their shares are canceled for no consideration.

The most recent analyst rating on (NINE) stock is a Hold with a $0.58 price target. To see the full list of analyst forecasts on Nine Energy Service stock, see the NINE Stock Forecast page.

Nine Energy Service Board Restructures After Resignation

On November 9, 2025, Richard A. Burnett resigned from the board of directors of Nine Energy Service, Inc., with no disagreements regarding the company’s operations or policies. Following his resignation, the board was reduced from six to five members, and Scott E. Schwinger was appointed as the Chair of the Board’s Audit Committee, effective November 10, 2025.

The most recent analyst rating on (NINE) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Nine Energy Service stock, see the NINE Stock Forecast page.