NINE
Nine Energy Service, Inc.0.3167
-0.0053-1.65%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
13.73MP/E (TTM)
-Basic EPS (TTM)
-1.01Dividend Yield
0%Recent Filings
8-K
Nine exits bankruptcy with new equity
Nine Energy Service emerged from Chapter 11 bankruptcy on March 5, 2026, after court confirmation of its prepackaged plan. Old common stock was canceled with no recovery, while former senior secured noteholders received all new common stock (~13.95M shares). The company secured a $135M exit ABL facility from White Oak, maturing in three years. Board terms expired; new directors were appointed.
10-K
FY2025 results
Nine Energy Service posted FY2025 revenues of $561.9M, up 1% y/y, with cement jobs rising 8% and wireline stages up 23%, yet coiled tubing days fell 6% and tools dipped 1% on product mix shifts. Q4 brought full-year hits from activity drops—U.S. rigs down 8% since Q1—pricing pressure, tools market share losses, and seasonal slowdowns, driving net loss to $51.3M from $41.1M. Adjusted EBITDA slipped 7% to $49.4M amid $10.7M maintenance capex. Bankruptcy filed February 2026 cancels existing stock for zero recovery. Oil price drops threaten quarterly momentum.
8-K
Nine secures $125M DIP facility
Nine Energy secured Bankruptcy Court approval for its $125M DIP ABL facility on February 3, 2026, refinancing prepetition obligations and enabling operations during Chapter 11. NYSE suspended trading February 2 and filed Form 25 delisting February 5 due to the filings. DIP converts to $135M exit facility upon plan effectiveness; court approval risks loom.
8-K
Nine files Chapter 11
Nine Energy Service filed voluntary Chapter 11 petitions on February 1, 2026, to implement a prepackaged restructuring plan backed by holders of over 70% of its $319.5M senior secured notes and 100% of its $68.5M prepetition ABL facility. Existing shareholders get wiped out; noteholders receive 100% of new equity (subject to 10% dilution for management incentives), while ABL lenders are paid in full and roll into a $135M exit facility. Debtors expect court approval within 45 days, minimizing disruption while deleveraging $320M in debt.
8-K
Board shrinks after resignation
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