Nine Energy Service reports Q2 2025 net loss of $10.4M; revenue $147.3M in upper end of guidance

Nine Energy Service, Inc.

2025-Q2 EPS reported -$0.43 vs consensus -$0.22 ▼ miss (-91.6%)

Revenue of $147.3M, net loss of $10.4M ($0.25/share diluted); adjusted EBITDA $14.1M.
Completion Tool revenue +9% QoQ, Wireline +11% QoQ; international H1 revenue +20% vs H1 2024.
Full-year 2025 capex guidance unchanged at $15–25M; liquidity $65.5M as of June 30, 2025.
Board change: Mark Baldwin resigned Aug 1; Joey Hall began Aug 2, as previously disclosed.
Management warns Q3 revenue/earnings expected down due to activity and pricing declines.

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