Nine Energy Serv Stock Price, News & Analysis

Nine Energy Service (NYSE: NINE) has received notice from the NYSE regarding non-compliance with continued listing requirements due to its stock price falling below $1.00 per share over 30 consecutive trading days. The company has a six-month cure period to regain compliance by achieving a closing price and 30-day average closing price of at least $1.00. Nine's Board is considering various options, including a potential reverse stock split subject to stockholder approval. During this period, NINE will trade with a ".BC" designation. If compliance isn't achieved, NYSE will initiate delisting procedures. The notification doesn't affect business operations, SEC reporting requirements, or trigger defaults on debt agreements.

Nine Energy Service (NYSE: NINE) has announced its upcoming first quarter 2025 earnings conference call, scheduled for Thursday, May 8, 2025, at 9:00 am Central Time. The company will release its financial and operating results for the quarter ended March 31, 2025, before the conference call.

Participants can join the live call by dialing (877) 524-8416 (U.S. Toll Free) or (412) 902-1028 (International). A replay will be available through May 22, 2025, accessible by dialing (877) 660-6853 (U.S.) or (201) 612-7415 (International) with passcode 13751414.

Nine Energy Service (NYSE: NINE) reported Q4 2024 results with revenue of $141.4 million, representing a ~2% quarter-over-quarter increase despite flat US rig count. The company posted a net loss of $(8.8) million, or $(0.22) per share, and adjusted EBITDA of $14.1 million.

Full year 2024 performance showed revenue of $554.1 million, net loss of $(41.1) million, and adjusted EBITDA of $53.2 million. Notable achievements include a ~7% increase in Q4 cementing revenue and ~6% growth in completion tool revenue quarter-over-quarter.

The company achieved significant market share gains in cementing, reaching approximately 19% in Q4 2024, up 14% from Q4 2023. Total liquidity position stood at $52.1 million as of December 31, 2024. Management expects Q1 2025 to show sequential increases in both revenue and profitability, despite weather impacts in January and flat activity levels.

Nine Energy Service (NYSE:NINE) has announced its upcoming fourth quarter and full year 2024 earnings conference call, scheduled for Thursday, March 6, 2025 at 9:00 am Central Time. The company plans to release its financial and operating results for Q4 and full year ended December 31, 2024, before the conference call.

Participants can join the live call by dialing (877) 524-8416 (U.S. Toll Free) or (412) 902-1028 (International). A replay will be available through March 20, 2025, accessible by dialing (877) 660-6853 (U.S. Toll Free) or (201) 612-7415 (International) with passcode 13751412.

Nine Energy Service reported Q3 2024 financial results with revenue of $138.2 million, representing a ~4% increase quarter-over-quarter despite a ~3% decline in US rig count. The company posted a net loss of $(10.1) million, which improved by ~28% sequentially, and adjusted EBITDA of $14.3 million, up ~47% quarter-over-quarter. Cementing revenue increased by ~12%, driven by market share gains across operating basins. Total liquidity position stood at $43.3 million as of September 30, 2024. The company expects Q4 revenue and profitability to decrease due to budget exhaustion, weather, holiday slowdowns, and lower international tool sales.

Nine Energy Service (NYSE: NINE) has received a notice from the NYSE on October 21, 2024, indicating non-compliance with continued listing standards. The company's average global market capitalization over 30 trading days and stockholders' equity were both below the required $50 million threshold. Nine has 45 days to submit a business plan demonstrating how it will regain compliance within 18 months. The NYSE Committee will review the plan, and if accepted, the company will undergo quarterly reviews. If rejected, Nine could face delisting. Currently, the stock continues trading on NYSE, and operations remain unaffected.

Nine Energy Service (NYSE: NINE) has announced the timing of its third quarter 2024 earnings release and conference call. The company will discuss its financial and operating results for the quarter ended September 30, 2024, on Friday, November 1, 2024, at 9:00 am Central Time. The earnings release is expected to be issued prior to the call.

Participants can join the live conference call by dialing U.S. (Toll Free): (877) 524-8416 or International: (412) 902-1028 and asking for the "Nine Energy Service Earnings Call". A telephonic replay will be available through November 15, 2024, accessible by dialing U.S. (Toll Free): (877) 660-6853 or International: (201) 612-7415 with passcode 13746652.

Nine Energy Service (NYSE: NINE) reported Q2 2024 results with revenue of $132.4 million, net loss of $14.0 million, and adjusted EBITDA of $9.7 million. The company faced challenges due to declining US rig count, with over 40 rigs exiting the market since the end of 2023. Key highlights include:

- Total liquidity of $50.8 million as of June 30, 2024
- Updated 2024 full-year capex guidance reduced to $10 - $15 million
- Surpassed 300 total refrac jobs run to-date
- Q3 revenue and profitability expected to be relatively flat compared to Q2
- Sold 4.2 million shares of common stock, generating $6.8 million in net proceeds

The company remains positive on medium and long-term outlook for gas markets, despite current challenges in natural gas prices and market activity.

Nine Energy Service (NYSE: NINE) has announced the timing for its second quarter 2024 earnings release and conference call. The earnings call is scheduled for Tuesday, August 6, 2024, at 9:00 am Central Time. The company will discuss its financial and operational results for the quarter ended June 30, 2024. Investors can join the call by dialing U.S. (Toll-Free) (877) 524-8416 or International (412) 902-1028 and requesting the 'Nine Energy Service Earnings Call'. A replay of the call will be available until August 20, 2024, by dialing U.S. (Toll-Free) (877) 660-6853 or International (201) 612-7415 and entering passcode 13744473.