secwatch.observer — SEC 8-K summary
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Issuer:     Nine Energy Service, Inc. (NINE)
CIK:        0001532286
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0001193125-23-271464
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1532286/000119312523271464/0001193125-23-271464-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1532286/000119312523271464/d890560d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-271464

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer