---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-132025"
form_type: "8-K"
ticker: "NINE"
cik: "0001532286"
company_name: "Nine Energy Service, Inc."
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T21:59:25.655244+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Nine Energy Q1 revenue $142.1M, net loss $8.1M; expects Q2 revenue down

## Summary
- Revenue of $142.1M, within guidance of $135–$145M; adjusted EBITDA $15.0M.
- Net loss of $8.1M ($0.24 per diluted share); gross profit improved vs Q4.
- Surpassed 60,000 Stinger Dissolvable Plug units sold since launch in Q1 2020.
- Expects Q2 revenue to decline due to lower natural gas prices and cementing pricing pressure.
- Cash and equivalents $10.2M; liquidity $37.5M; no Excess Cash Flow offer to noteholders.

## SEC filing metadata
- accession: 0001193125-24-132025
- form_type: 8-K
- ticker: NINE
- cik: 0001532286
- company_name: Nine Energy Service, Inc.
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1532286/000119312524132025/0001193125-24-132025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1532286/000119312524132025/d793264d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-132025
- JSON: https://secwatch.observer/filing/0001193125-24-132025.json
- Plain text: https://secwatch.observer/filing/0001193125-24-132025.txt

## Key facts
- Earnings Releases
  Nine Energy Service, Inc. reported the quarter ended March 31, 2024 results: revenue $142.1 million, net income $(8.1) million, EPS $(0.24) per diluted share and $(0.24) per basic share.
  - Period: the quarter ended March 31, 2024
  - Revenue: $142.1 million
  - Net income: $(8.1) million
  - EPS: $(0.24) per diluted share and $(0.24) per basic 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 2024 Results • Revenue, net loss and adjusted EBITDA A of $142.1 million, $(8.1) million and $15.0 million, respectively, for the first quarter of 2024 • Despite flat US rig count, increased gross profit in Q1 versus Q4 • Surpassed 60,000 Stinger TM
  evidence_url: https://www.sec.gov/Archives/edgar/data/1532286/000119312524132025/0001193125-24-132025-index.htm

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