other_material
confidence high
sentiment neutral
materiality 0.75
Nine Energy emerges from Chapter 11; reports Feb net loss of $49M and negative equity of $382M
Nine Energy Service, Inc.
- Plan confirmed on March 4, 2026 and effective on March 5, 2026; company emerged as reorganized debtor.
- Cash balance rose to $21.1M from $8.1M in February; total receipts $26.9M, disbursements $13.9M.
- Total assets $34.5M vs total liabilities $416.3M, negative equity of $381.8M.
- Prepetition secured debt $319.5M; postpetition payables $88.4M; net loss $49.2M for February.
- Employee count 1,066 as of Feb 28, up from 1,062 at petition date (Feb 1, 2026).