8-K
filed March 5, 2025, 6:59 PM ET
ticker NINE
CIK 0001532286
other material
confidence high
sentiment neutral
materiality 0.75
Nine Energy Q4 revenue $141.4M, net loss $(8.8)M; board reconfigured with three exits, two new members
Nine Energy Service, Inc.
- Q4 revenue $141.4M (near high end of guidance), net loss $(8.8)M ($0.22 diluted EPS), adjusted EBITDA $14.1M.
- Full year 2024 revenue $554.1M, net loss $(41.1)M, adjusted EBITDA $53.2M; total liquidity $52.1M at year-end.
- Cementing revenue up 7% QoQ, completion tools up 6% QoQ despite flat US rig count; Q1 2025 revenue and profitability expected to increase sequentially.
- Board reduced from 8 to 6 members; Scott Schwinger named Chairman; Julie Peffer and Richard Burnett appointed as new directors.
- Three directors resigned (Danner, Harrell, Waite); two additional resignations expected later in 2025; no changes to senior management.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Richard A. Burnett was appointed as Director at Nine Energy Service, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board appointed Julie A. Peffer and Richard A. Burnett as directors to fill two of those vacancies, with Ms. Peffer’s service to begin on March 1, 2025 and Mr. Burnett’s service to begin on May 3, 2025
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Scott E. Schwinger was elected as Chairman of the Board at Nine Energy Service, Inc..
- Action
- elected
- Role
- Chairman of the Board
Exact text from the filing
the Board elected Scott E. Schwinger as Chairman of the Board, effective March 1, 2025, to replace Mr. Danner
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ernie L. Danner resigned as Director at Nine Energy Service, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
on February 28, 2025, Ernie L. Danner, Curtis F. Harrell and Andrew L. Waite resigned as directors, effective as of the end of such date
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Julie A. Peffer was appointed as Director at Nine Energy Service, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board appointed Julie A. Peffer and Richard A. Burnett as directors to fill two of those vacancies, with Ms. Peffer’s service to begin on March 1, 2025
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Curtis F. Harrell resigned as Director at Nine Energy Service, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
on February 28, 2025, Ernie L. Danner, Curtis F. Harrell and Andrew L. Waite resigned as directors, effective as of the end of such date
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Andrew L. Waite resigned as Director at Nine Energy Service, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
on February 28, 2025, Ernie L. Danner, Curtis F. Harrell and Andrew L. Waite resigned as directors, effective as of the end of such date
View on SEC.gov
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