earnings
confidence high
sentiment neutral
materiality 0.85
Nine Energy reports Q1 post-emergence results; Q2 revenue guidance $136-146M
Nine Energy Service, Inc.
- Predecessor (Jan 1-Mar 5): Rev $88.4M, net income $107.9M (fresh-start gains), adj. EBITDA $0.9M.
- Successor (Mar 6-31): Rev $41.6M, net loss $1.3M, adj. EBITDA $2.1M.
- Q2 2026 guide: Rev $136-146M, adj. EBITDA $10-15M; expects sequential improvement.
- Total liquidity $46.9M (cash $11.2M, revolver availability $35.7M); $5M additional drawn in April.
- Exited Chapter 11 on March 5, 2026; fresh start accounting applied; $5.5M inventory write-down.