Recent Updates — NINE

Nine Energy Service reported second quarter 2026 revenues of $141.8 million, a net loss of $(4.9) million, and adjusted EBITDA of $8.6 million. The company emerged from bankruptcy on March 5, 2026, applying fresh start accounting. Coiled Tubing operations faced margin compression due to maintenance issues with two large-diameter units, one expected to return near year-end. Completion Tools performed strongly, while Cementing and Wireline experienced inflationary pressures. Total liquidity stood at $46.8 million as of June 30, 2026. The company anticipates third-quarter revenue and profitability to be flat to modestly down compared to the second quarter due to sustained revenue loss from damaged equipment and persistent cost inflation. Nine Energy Service operates in the oilfield services industry, providing completion solutions including coiled tubing, cementing, wireline, and dissolvable technologies.