Nine Energy reports FY2022 revenue $593.4M, net income $14.4M; Q4 EPS $0.24

Nine Energy Service, Inc.

Full year 2022 revenue $593.4M (+70% YoY), net income $14.4M (vs. loss in 2021).
Q4 2022 revenue $166.7M, net income $8.0M, adjusted EBITDA $30.0M.
FY2022 ROIC 16.3%; Q4 ROIC 24.2%.
Company forecasts Q1 2023 revenue slightly down sequentially due to rig count decline and weather.
Liquidity $84.0M at year-end; completed refinancing in January 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Nine Energy Service, Inc. reported financial results for the quarter and year ended December 31, 2022.

Period: the quarter and year ended December 31, 2022
Result: reported results

Exact text from the filing

On March 7, 2023, Nine Energy Service, Inc. issued a press release providing information on its results of operations and financial condition for the quarter and year ended December 31, 2022. The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

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Nine Energy Service, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-063094

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