secwatch.observer — SEC 8-K summary
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Issuer:     Nine Energy Service, Inc. (NINE)
CIK:        0001532286
Form:       8-K
Filed at:   2024-08-05T23:59:59+00:00
Accession:  0001193125-24-194062
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nine Energy Q2 revenue $132.4M, net loss $14.0M; cuts 2024 capex guidance
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- Revenue $132.4M, net loss $(14.0)M ($0.40 EPS), adjusted EBITDA $9.7M.
- Full-year capex guidance cut to $10-15M from $15-25M; Q2 capex was $2.5M.
- Liquidity $50.8M as of June 30; $52M revolver drawn, additional $3M drawn July 29.
- Sold ~4.2M shares via ATM for ~$6.8M net proceeds; surpassed 300 total refrac jobs.
- Q3 outlook: expects revenue and profitability relatively flat with Q2 amid rig count decline.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1532286/000119312524194062/0001193125-24-194062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1532286/000119312524194062/d880276d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-194062

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