secwatch.observer — SEC 8-K summary
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Issuer:     Nine Energy Service, Inc. (NINE)
CIK:        0001532286
Form:       8-K
Filed at:   2025-10-30T23:59:59+00:00
Accession:  0001193125-25-258823
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nine Energy Q3 revenue $132M misses guidance; net loss $(14.6)M, adj. EBITDA $9.6M
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- Revenue of $132.0M missed original guidance of $135-145M; net loss of $(14.6)M or $(0.35)/share.
- Adjusted EBITDA of $9.6M; international revenue up ~19% YTD; cementing job in Haynesville completed.
- Total liquidity $40.3M as of Sep 30; borrowing base to be reduced by ~$2.2M/month Oct-Jan 2026.
- Permian pricing pressure and customer consolidation drove market share loss in Completion Tools.
- Q4 guidance: revenue and earnings expected to decline QoQ due to seasonality and low pricing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1532286/000119312525258823/0001193125-25-258823-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1532286/000119312525258823/d68274d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-258823

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