Nine Energy Q4 revenue $144.1M, net loss $10.3M; FY adjusted EBITDA $73.0M

Nine Energy Service, Inc.

Full year 2023 revenue $609.5M, net loss $32.2M, adjusted EBITDA $73.0M; Q4 revenue $144.1M, net loss $10.3M.
Stinger dissolvable units sold up 18% YoY; international revenue up 16% YoY despite US rig count down 20%.
Capital structure: new 2028 senior secured notes; ABL facility extended; prior notes redeemed.
Q1 2024 revenue expected relatively flat vs Q4; no catalyst for near-term activity increase.
Liquidity: cash $30.8M, $28.1M revolver availability; total liquidity $58.9M; $5M revolver paydown post-quarter.

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 year ended December 31, 2023 results: revenue $609.5 million, net income $(32.2) million, EPS $(0.97) per diluted share.

Period: year ended December 31, 2023
Revenue: $609.5 million
Net income: $(32.2) million
EPS: $(0.97) per diluted share
Result: reported results

Exact text from the filing

For the year ended December 31, 2023, the Company reported revenues of $609.5 million, net loss of $(32.2) million, or $(0.97) per diluted share and $(0.97) per basic share, and adjusted EBITDA of $73.0 million.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Nine Energy Service, Inc. reported quarter ended December 31, 2023 results: revenue $144.1 million, net income $(10.3) million, EPS $(0.30) per diluted share.

Period: quarter ended December 31, 2023
Revenue: $144.1 million
Net income: $(10.3) million
EPS: $(0.30) per diluted share
Result: reported results

Exact text from the filing

Nine Energy Service, Inc. (“Nine” or the “Company”) (NYSE: NINE) reported fourth quarter 2023 revenues of $144.1 million, net loss of $(10.3) million, or $(0.30) per diluted share and $(0.30) per basic share, and adjusted EBITDA of $14.6 million.

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Nine Energy Service, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-062334

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