Nine Energy Service
Completion services and downhole tools for North American unconventional wells.
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Profile
Supplies cementing, downhole tools, wireline, and coiled-tubing services that prepare unconventional wells for production, earning service revenue as jobs are performed and product revenue on delivery. The business is concentrated in North American onshore basins and depends on completion activity, bidding conditions, and skilled field execution.
Combines cementing, completion tools, wireline, and coiled-tubing services within a single Completions Solutions segment, preparing unconventional wells for production. Cementing work uses laboratory-designed slurries and field pumping; tools include frac plugs and other downhole products; wireline supports plug-and-perf stages; and coiled tubing handles live-well intervention.
Operates principally across major U.S. onshore basins and western Canada, while a smaller international tools business extends the footprint. Jobs are generally awarded through competitive bids or customer negotiations, with service revenue recognized as work is performed and product revenue on delivery.
Competes through technology, equipment capacity, technical know-how, safety, timely wellsite execution, and field personnel expertise. Demand is tied to North American completion activity and E&P capital budgets, while operations remain subject to environmental and safety requirements.
Company facts
Key statistics
Year to date +31.3% · Average volume (30d) 89.5K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | −$0.06 | −$0.35 | −536.4% | $140.8M | $141.8M | +0.7% | −7.04% |
| May 13, 2026Q1 FY26 | −$0.26 | $2.56 | +1,084.6% | $141.5M | $130.0M | −8.1% | +0.19% |
| Mar 4, 2026Q4 FY25 | −$0.34 | −$0.47 | −38.2% | $131.1M | $132.2M | +0.8% | — |
| Oct 30, 2025Q3 FY25 | −$0.30 | −$0.25 | +16.7% | $139.2M | $147.3M | +5.8% | — |
Financial highlights
| 5 quarters | — | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | — | $147.3M | $132.0M | $132.2M | $130.0M | $141.8M | |
| Gross profit | — | $17.2M | $11.7M | $11.8M | $5.6M | $19.9M | |
| Operating income | — | $3.3M | −$1.0M | −$8.0M | −$6.1M | −$2.9M | |
| Net income | — | −$10.4M | −$14.6M | −$19.2M | $106.6M | −$4.9M | |
| Diluted EPS | — | −$0.25 | −$0.35 | −$0.44 | $7.64 | −$0.35 | |
| Gross margin | — | 11.7% | 8.9% | 9.0% | 4.3% | 14.1% | |
| Operating margin | — | 2.3% | -0.8% | -6.1% | -4.7% | -2.0% |
Balance sheet, Jun 30, 2026Cash & short-term investments $18.2M · Total debt $128.9M · Total assets $317.7M · Shareholders' equity $129.6M
Dividends
No dividends on record.
Ownership
Shares outstanding 13.95M · Float —
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Mackay Shields LLC | 3.07M | 21.98% | 13F | Apr 27, 2026 |
| Philosophy Capital Management LLC | 2.55M | 18.29% | 13F | May 15, 2026 |
| Adage Capital Partners GP, L.L.C. | 1.36M | 9.71% | 13F | May 15, 2026 |
| Castleknight Management LP | 1.16M | 8.30% | 13F | May 15, 2026 |
| CastleKnight Master Fund LP | 1.16M | 8.30% | 13G | Apr 9, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Halliburton
Integrated rival in cementing, completion tools, wireline, and coiled tubing.
- Patterson-UTI Energy
Direct U.S. onshore rival in cementing and plug-and-perf wireline.
- KLX Energy Services
Broad U.S. competitor in coiled tubing, wireline, plugs, and cementing tools.
- SLB
Global integrated rival in cementing, wireline, coiled tubing, and completions.
- Innovex International
Focused rival in dissolvable and composite frac plugs and completion hardware.
- NCS Multistage
Focused rival in frac plugs, sliding sleeves, and well-construction tools.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Nine Energy Service | $10.92 | +1.39% | $148.4M | 1.6 | — | 0.3 | — |
| Halliburton | $36.73 | +1.53% | $30.22B | 18.9 | 14.3 | 1.4 | +3.7% |
| Patterson-UTI Energy | $12.42 | −0.11% | $4.72B | — | 73.3 | 1.0 | +0.7% |
| KLX Energy Services | $1.53 | 0.00% | $31.4M | — | — | 0.0 | +5.2% |
| SLB | $57.61 | +0.50% | $85.09B | 28.0 | 20.2 | 2.3 | +5.0% |
| Innovex International | $30.11 | −0.03% | $2.10B | 33.8 | 18.6 | 2.1 | +9.2% |
| NCS Multistage | $51.64 | −0.25% | $135.5M | 10.7 | 11.4 | 0.7 | +5.2% |
| Median | 23.4 | 18.6 | 1.2 | +5.1% |