Nine Energy Q3 2023 revenue $140.6M, net loss $(13.3)M, Q4 flat to slightly up

Nine Energy Service, Inc.

2023-Q3 EPS reported -$0.66 revenue$465,453,000

Revenue $140.6M, net loss $(13.3)M ($0.39 diluted EPS); adjusted EBITDA $11.6M.
Cash $12.2M at Sep 30, increased to $34.8M at Oct 31; no Excess Cash Flow offer to noteholders.
U.S. rig count down ~20% since end 2022; Q3 hit by weather and frac delays in August.
Commercialized new Pincer Hybrid Frac Plug with 47% less material and faster drill-out.
Q4 guidance: revenue and earnings flat to slightly up sequentially; normal seasonality expected.

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 the third quarter of 2023 results: revenue $140.6 million, net income $(13.3) million, EPS $(0.39) per diluted share. Guidance reaffirmed.

Period: the third quarter of 2023
Revenue: $140.6 million
Net income: $(13.3) million
EPS: $(0.39) per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Nine Energy Service, Inc. (“Nine” or the “Company”) (NYSE: NINE) reported third quarter 2023 revenues of $140.6 million, net loss of $(13.3) million, or $(0.39) per diluted share and $(0.39) per basic share, and adjusted EBITDA of $11.6 million.

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Nine Energy Service, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-271464

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