secwatch.observer — SEC 8-K summary
======================================

Issuer:     Nine Energy Service, Inc. (NINE)
CIK:        0001532286
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001193125-25-114963
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.02, 2.03, 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nine Energy Service Q1 revenue $150.5M, net loss $(7.1)M; new $125M ABL credit facility closed
--------------------------------------------------------------------------------

- Q1 2025 revenue $150.5M (+6% QoQ), net loss $(7.1)M ($0.18/sh), adjusted EBITDA $16.5M (+17% QoQ).
- Closed new $125M senior secured ABL revolver with White Oak; borrowed $48.9M to repay prior facility and fees.
- Q2 2025 revenue and earnings expected to decline vs Q1 due to oil price drop, tariffs, and activity decreases.
- Board changes: Gary Thomas resigned, Joey Hall appointed director effective Aug 2; share plan amended adding 3.9M shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1532286/000119312525114963/0001193125-25-114963-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1532286/000119312525114963/d933097d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-114963

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