Nine Energy Service Announces Second Quarter 2026 Results
Revenue, net loss and adjusted EBITDAA of $141.8 million, $(4.9) million and $8.6 million, respectively, for the second quarter of 2026
Total liquidity as of June 30, 2026 of $46.8 million
Nine Energy Service, Inc. ("Nine" or the "Company") (NYSE American: NINE) reported second quarter 2026 revenues of $141.8 million, net loss of $(4.9) million, or $(0.35) per diluted share and $(0.35) per basic share, and adjusted EBITDA of $8.6 million.
“Second quarter revenue increased sequentially and was within our previously provided guidance range; however, adjusted EBITDA was below our guidance range,” said Ann Fox, President and Chief Executive Officer of Nine Energy Service. “While industry activity improved modestly during the second quarter, our profitability was negatively impacted by significant margin compression within our Coiled Tubing business. During the quarter, two of our large-diameter coiled tubing units, representing approximately 17% of our large diameter fleet, were taken out of service due to maintenance-related issues. At the same time, we experienced meaningful inflationary pressures across several cost categories, including consumables, labor, and repairs and maintenance.”
