---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-138425"
form_type: "8-K"
ticker: "NINE"
cik: "0001532286"
company_name: "Nine Energy Service, Inc."
filed_at: "2023-05-08T23:59:59+00:00"
generated_at: "2026-06-15T13:07:48.620406+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Nine Energy Q1 rev $163.4M, net loss $6.1M, guidance soft for Q2

## Summary
- Q1 revenue $163.4M within guidance; net loss $6.1M ($0.19/diluted share); adjusted EBITDA $25.0M.
- Completion tool revenue up 7% QoQ; Stinger dissolvable plugs sold up ~23% driven by international sale.
- Liquidity $47.4M (cash $21.4M, revolver availability $26.0M); capex $5.0M; operating cash flow $4.0M.
- Expects Q2 revenue down slightly sequentially on price pressure in Northeast and Haynesville, citing softness in natural gas.
- Stockholders approved 2M share increase in incentive plan, banned share recycling and dividends on unvested awards.

## SEC filing metadata
- accession: 0001193125-23-138425
- form_type: 8-K
- ticker: NINE
- cik: 0001532286
- company_name: Nine Energy Service, Inc.
- filed_at: 2023-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1532286/000119312523138425/0001193125-23-138425-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1532286/000119312523138425/d425416d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-138425
- JSON: https://secwatch.observer/filing/0001193125-23-138425.json
- Plain text: https://secwatch.observer/filing/0001193125-23-138425.txt

## Key facts
- Earnings Releases
  Nine Energy Service, Inc. reported the quarter ended March 31, 2023 results: revenue $163.4 million, net income $(6.1) million, EPS $(0.19) per diluted share.
  - Period: the quarter ended March 31, 2023
  - Revenue: $163.4 million
  - Net income: $(6.1) million
  - EPS: $(0.19) per diluted share
  - Result: reported results
  source text: Act of 1933, as amended. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Nine Energy Service Announces First Quarter 2023 Results • Revenue, net loss and adjusted EBITDA A of $163.4 million, $(6.1) million and $25.0 million, respectively, for the first quarter of 2023 • For the first quarter of 2023 the Company generated ROIC B of 16.2% • Total liquidity position of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1532286/000119312523138425/0001193125-23-138425-index.htm
- Shareholder Votes
  Nine Energy Service, Inc. shareholders approved Election of three nominees as Class II Directors at the 2023-05-05 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-05-05
  source text: Each of the three nominees for Class II Directors that was up for election was elected for a term of three years. Votes regarding the election of these directors were as follows: NOMINEE VOTES FOR VOTES WITHHELD BROKER NON-VOTES Scott E. Schwinger 14,932,247 1,742,656 9,350,092 Gary L. Thomas 14,943,798 1,731,105 9,350,092 Andrew L. Waite 16,312,199 362,704 9,350,092
  evidence_url: https://www.sec.gov/Archives/edgar/data/1532286/000119312523138425/0001193125-23-138425-index.htm
- Shareholder Votes
  Nine Energy Service, Inc. shareholders approved Ratification of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal year ending December 31, 2023 at the 2023-05-05 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-05-05
  source text: PricewaterhouseCoopers LLP was ratified as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023. The voting results were as follows: VOTES FOR VOTES AGAINST VOTES ABSTAINED BROKER NON- VOTES 25,940,003 36,366 48,626 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1532286/000119312523138425/0001193125-23-138425-index.htm
- Shareholder Votes
  Nine Energy Service, Inc. shareholders approved Approval of the Second Amendment to the Nine Energy Service, Inc. 2011 Stock Incentive Plan (Incentive Plan Amendment) at the 2023-05-05 meeting.
  - Proposal: equity plan
  - Outcome: passed
  - Meeting: 2023-05-05
  source text: The Incentive Plan Amendment was approved. The voting results were as follows: VOTES FOR VOTES AGAINST VOTES ABSTAINED BROKER NON- VOTES 15,234,404 1,385,850 54,649 9,350,092
  evidence_url: https://www.sec.gov/Archives/edgar/data/1532286/000119312523138425/0001193125-23-138425-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.