secwatch / observer

Nine Energy Service, Inc. — fact timeline

Source-grounded facts extracted from Nine Energy Service, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

NINE Nine Energy Service, Inc. JSON

Heather Schmidt was appointed as Chief Financial Officer at Nine Energy Service, Inc..

“Effective as of May 22, 2026, the Board of Directors of the Company (the “Board”) has appointed Ms. Schmidt as Chief Financial Officer and principal financial officer of the Company on a permanent basis.”
Earnings Releases

Nine Energy Service, Inc. reported second quarter 2026 results: revenue $136 - $146 million.

“Expect second quarter 2026 revenue of $136 - $146 million and adjusted EBITDA of $10.0 - $15.0 million”
Earnings Releases

Nine Energy Service, Inc. reported successor period (March 6, 2026 through March 31, 2026) results: revenue $41.6 million, net income $(1.3) million, EPS $(0.09) per diluted share and $(0.09) per basic share.

“Nine reported revenues of $41.6 million, net loss of $(1.3) million, or $(0.09) per diluted share and $(0.09) per basic share, and adjusted EBITDA of $2.1 million for the successor period.”
Earnings Releases

Nine Energy Service, Inc. reported predecessor period (January 1, 2026 through March 5, 2026) results: revenue $88.4 million, net income $107.9 million, EPS $2.65 per diluted share and $2.65 per basic share.

“Nine Energy Service, Inc. ("Nine" or the "Company") (NYSE American: NINE) reported revenues of $88.4 million, net income of $107.9 million, or $2.65 per diluted share and $2.65 per basic share, and adjusted EBITDA of $0.9 million for the predecessor period.”
Governance Changes

Nine Energy Service, Inc.: Adopted Fifth Amended and Restated Bylaws, allowing special meetings upon request of 20% stockholders and lowering vote required for bylaw amendments from 66 2/3% to majority.

“The amendments effected by the New Bylaws include, among other things: (i) permitting special meetings of stockholders to be called by the chair of the Board, the Company’s chief executive officer or the Company’s secretary upon the request of one or more stockholders who own at least 20% of the outstanding shares of capital stock of the Company entitled to vote generally in the election of directors as of the date such request is delivered to the Company’s secretary (as compared to such meetings only being able to be called by the Board under the Old Bylaws) and (ii) permitting amendments to the bylaws to be adopted at any meeting of stockholders by the affirmative vote of the holders of a majority (instead of 66 2 / 3 % under the Old Bylaws) of the voting power of the stock issued and outstanding and entitled to vote thereon.”
Governance Changes

Nine Energy Service, Inc.: Adopted Fourth Amended and Restated Certificate of Incorporation, changing authorized shares from 140M to 85M, declassifying the board, changing director removal standard, expanding indemnification, and removing obsolete provisions.

“The amendments effected by the New Certificate of Incorporation include, among other things: (i) an authorized share count of 85 million, consisting of 70 million shares of New Common Stock and 15 million shares of preferred stock (as compared to an authorized share count of 140 million, consisting of 120 million shares of Old Common Stock and 20 million shares of preferred stock under the Old Certificate of Incorporation), (ii) a declassification of the Board, such that all directors shall be elected annually for one-year terms (as compared to the Board being divided into three classes, with each class as nearly equal in number as possible, serving staggered three-year terms, under the Old Certificate of Incorporation), (iii) the ability to remove any director with or without cause with the affirmative vote of a majority vote of the voting power of the stock outstanding and entitled to vote thereon (as compared to the ability to remove any director only for cause with the affirmative”
Debt Financings

Nine Energy Service, Inc. incurred revolving credit of $135.0 million with White Oak Commercial Finance, LLC at Secured Overnight Financing Rate (SOFR) for an interest period of one month, sub maturing three years after the Plan Effective Date.

“On the Plan Effective Date, pursuant to the Plan, the Company entered into a loan and security agreement (the “Exit Loan and Security Agreement”) with White Oak Commercial Finance, LLC, as agent, and the lenders from time to time party thereto, and on the terms and subject to the conditions set forth therein, each DIP Lender exchanged and converted on a cashless basis all of its loans under the DIP Loan and Security Agreement for loans under the Exit Loan and Security Agreement. The Exit Loan and Security Agreement provides for a first priority senior secured asset-based revolving credit facility consisting of $135.0 million in aggregate principal amount of revolving credit commitments (the “Exit ABL Facility”).”
Material Agreements

Nine Energy Service, Inc. entered into Exit Loan and Security Agreement with White Oak Commercial Finance, LLC valued at $135.0 million (effective 2026-03-05).

“On the Plan Effective Date, pursuant to the Plan, the Company entered into a loan and security agreement (the “Exit Loan and Security Agreement”) with White Oak Commercial Finance, LLC, as agent, and the lenders from time to time party thereto, and on the terms and subject to the conditions set forth therein, each DIP Lender exchanged and converted on a cashless basis all of its loans under the DIP Loan and Security Agreement for loans under the Exit Loan and Security Agreement.”
M&A Transactions

Nine Energy Service, Inc. underwent a change of control involving Former Senior Secured Noteholders (closed 2026-03-05).

“Pursuant to the Plan, on the Plan Effective Date, all of the Company’s equity interests, including the Old Common Stock, outstanding prior to the Plan Effective Date, were canceled and are now of no force and effect, and the Company issued shares of New Common Stock to the Former Senior Secured Noteholders. As of the Plan Effective Date, the Former Senior Secured Noteholders hold 100% of the outstanding shares of New Common Stock.”
Debt Financings

Nine Energy Service, Inc. incurred revolving credit of up to $125 million with White Oak Commercial Finance, LLC, as agent.

“the DIP Lenders would, subject to the terms and conditions set forth therein, provide the Company Parties with a senior secured super-priority asset-based debtor-in-possession credit facility consisting of up to $125 million in aggregate principal amount of revolving credit commitments”
Material Agreements

Nine Energy Service, Inc. entered into DIP Loan and Security Agreement with White Oak Commercial Finance, LLC, as agent; White Oak ABL 3, LLC and White Oak Europe ABL Limited, as lenders valued at up to $125 million (effective 2026-02-03).

“On February 3, 2026, the Bankruptcy Court approved the DIP ABL Facility on an interim basis, and the Company Parties entered into the DIP Loan and Security Agreement with the DIP Agent and the DIP Lenders.”
Distress & Bankruptcy

Nine Energy Service, Inc. entered chapter 11 in United States Bankruptcy Court for the Southern District of Texas (petition 2026-02-01).

“on February 1, 2026, the Company and certain of its subsidiaries (collectively with the Company, the "Company Parties") filed voluntary petitions (the "Chapter 11 Cases") under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court") to implement a prepackaged chapter 11 plan of reorganization (the "Plan").”
Listing & Compliance Notices

Nine Energy Service, Inc. received a nyse delisting notice notice regarding other (rules 802.01D).

“February 2, 2026, the Company received notice from the staff of NYSE Regulation (“NYSE Regulation”) that NYSE Regulation has determined to commence proceedings to delist the Company’s common stock from the New York Stock Exchange (the “NYSE”) and that trading in the Company’s common stock on the NYSE would be suspended immediately. NYSE Regulation reached its decision that the Company is no longer suitable for listing pursuant to NYSE Listed Company Manual Section 802.01D after the Company’s disclosure on February 2, 2026 that the Company and certain of its subsidiaries had filed the Chapter 1”
Debt Financings

Nine Energy Service, Inc. faced acceleration on credit facility.

“the filing of the Chapter 11 Cases described above in Item 1.03 of this Report constituted an event of default that accelerated the Company Parties’ respective obligations under the Indenture, dated as of January 30, 2023, by and among the Company, the guarantors party thereto and U.S. Bank Trust Company, National Association, as trustee and as notes collateral agent, which governs the Senior Secured Notes, and the Prepetition ABL Loan and Security Agreement (together, the “Debt Instruments”).”
Debt Financings

Nine Energy Service, Inc. faced acceleration on senior notes with U.S. Bank Trust Company, National Association.

“the filing of the Chapter 11 Cases described above in Item 1.03 of this Report constituted an event of default that accelerated the Company Parties’ respective obligations under the Indenture, dated as of January 30, 2023, by and among the Company, the guarantors party thereto and U.S. Bank Trust Company, National Association, as trustee and as notes collateral agent, which governs the Senior Secured Notes, and the Prepetition ABL Loan and Security Agreement (together, the “Debt Instruments”).”
Debt Financings

Nine Energy Service, Inc. incurred credit facility of up to $135 million.

“Support Agreement (as defined below) set forth in Item 1.03 of this Current Report on Form 8-K (this “Report”) is incorporated into this Item 1.01 by reference. to $135 million (the “Exit ABL Facility”). The terms of the Exit ABL Facility are expected to be consistent with the Exit ABL Term Sheet attached to the Restructuring Support Agreement as”
Distress & Bankruptcy

Nine Energy Service, Inc. entered chapter 11 in United States Bankruptcy Court for the Southern District of Texas (petition 2026-02-01).

“On February 1, 2026 (the “Petition Date”), Nine Energy Service, Inc. (the “Company”) and certain of its subsidiaries”

Jerome (Joey) D. Hall was appointed as Director at Nine Energy Service, Inc..

“on May 2, 2025, the Board appointed Jerome (Joey) D. Hall as a director and as a member of the Board’s Audit Committee and Nominating, Governance and Compensation Committee (the “NGC Committee”), in each case effective as of August 2, 2025.”

Mark E. Baldwin departed as Director at Nine Energy Service, Inc..

“Mark E. Baldwin has notified the Board that he plans to resign from the Board effective as of the end of the day on August 1, 2025.”

Richard A. Burnett was appointed as Director at Nine Energy Service, Inc..

“on May 3, 2025, as previously disclosed, Richard A. Burnett began serving as a member of the Board.”

Gary L. Thomas resigned as Director at Nine Energy Service, Inc..

“On May 2, 2025, Gary L. Thomas resigned as a member of the Company’s Board of Directors (the “Board”), effective as of the end of such date, as planned”
Listing & Compliance Notices

Nine Energy Service, Inc. received a nyse deficiency notice notice regarding minimum bid price (rules 802.01C).

“April 30, 2025, Nine Energy Service, Inc. (the “Company”) received written notification (the “Price Criteria Notice”) from the New York Stock Exchange (the “NYSE”) that the Company is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing share price of the Company’s common stock, par value $0.01 per share (the “Common Stock”), was less than $1.00 over a consecutive 30 trading-day period. The Company plans to notify the NYSE within the required timeframe that it intends to cure the stock price deficiency and regain compliance. Under the NYSE’s rule”

Scott E. Schwinger was elected as Chairman of the Board at Nine Energy Service, Inc..

“the Board elected Scott E. Schwinger as Chairman of the Board, effective March 1, 2025, to replace Mr. Danner”

Richard A. Burnett was appointed as Director at Nine Energy Service, Inc..

“the Board appointed Julie A. Peffer and Richard A. Burnett as directors to fill two of those vacancies, with Ms. Peffer’s service to begin on March 1, 2025 and Mr. Burnett’s service to begin on May 3, 2025”

Julie A. Peffer was appointed as Director at Nine Energy Service, Inc..

“the Board appointed Julie A. Peffer and Richard A. Burnett as directors to fill two of those vacancies, with Ms. Peffer’s service to begin on March 1, 2025”

Andrew L. Waite resigned as Director at Nine Energy Service, Inc..

“on February 28, 2025, Ernie L. Danner, Curtis F. Harrell and Andrew L. Waite resigned as directors, effective as of the end of such date”

Curtis F. Harrell resigned as Director at Nine Energy Service, Inc..

“on February 28, 2025, Ernie L. Danner, Curtis F. Harrell and Andrew L. Waite resigned as directors, effective as of the end of such date”

Ernie L. Danner resigned as Director at Nine Energy Service, Inc..

“on February 28, 2025, Ernie L. Danner, Curtis F. Harrell and Andrew L. Waite resigned as directors, effective as of the end of such date”
Earnings Releases

Nine Energy Service, Inc. reported the quarter ended March 31, 2024 results: revenue $142.1 million, net income $(8.1) million, EPS $(0.24) per diluted share and $(0.24) per basic share.

“Act of 1933, as amended. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Nine Energy Service Announces First Quarter 2024 Results • Revenue, net loss and adjusted EBITDA A of $142.1 million, $(8.1) million and $15.0 million, respectively, for the first quarter of 2024 • Despite flat US rig count, increased gross profit in Q1 versus Q4 • Surpassed 60,000 Stinger TM”
Earnings Releases

Nine Energy Service, Inc. reported year ended December 31, 2023 results: revenue $609.5 million, net income $(32.2) million, EPS $(0.97) per diluted share.

“For the year ended December 31, 2023, the Company reported revenues of $609.5 million, net loss of $(32.2) million, or $(0.97) per diluted share and $(0.97) per basic share, and adjusted EBITDA of $73.0 million.”
Earnings Releases

Nine Energy Service, Inc. reported quarter ended December 31, 2023 results: revenue $144.1 million, net income $(10.3) million, EPS $(0.30) per diluted share.

“Nine Energy Service, Inc. (“Nine” or the “Company”) (NYSE: NINE) reported fourth quarter 2023 revenues of $144.1 million, net loss of $(10.3) million, or $(0.30) per diluted share and $(0.30) per basic share, and adjusted EBITDA of $14.6 million.”
Earnings Releases

Nine Energy Service, Inc. reported the third quarter of 2023 results: revenue $140.6 million, net income $(13.3) million, EPS $(0.39) per diluted share. Guidance reaffirmed.

“Nine Energy Service, Inc. (“Nine” or the “Company”) (NYSE: NINE) reported third quarter 2023 revenues of $140.6 million, net loss of $(13.3) million, or $(0.39) per diluted share and $(0.39) per basic share, and adjusted EBITDA of $11.6 million.”
Earnings Releases

Nine Energy Service, Inc. reported second quarter 2023 results: revenue $161.4 million, net income $(2.5) million, EPS $(0.08) per diluted share.

“Nine Energy Service, Inc. (“Nine” or the “Company”) (NYSE: NINE) reported second quarter 2023 revenues of $161.4 million, net loss of $(2.5) million, or $(0.08) per diluted share and $(0.08) per basic share, and adjusted EBITDA of $21.7 million.”

David C. Baldwin resigned as Director at Nine Energy Service, Inc..

“On July 31, 2023, David C. Baldwin submitted his resignation as a member of the board of directors of the Company, effective as of August 3, 2023.”
Earnings Releases

Nine Energy Service, Inc. reported the quarter ended March 31, 2023 results: revenue $163.4 million, net income $(6.1) million, EPS $(0.19) per diluted share.

“Act of 1933, as amended. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Nine Energy Service Announces First Quarter 2023 Results • Revenue, net loss and adjusted EBITDA A of $163.4 million, $(6.1) million and $25.0 million, respectively, for the first quarter of 2023 • For the first quarter of 2023 the Company generated ROIC B of 16.2% • Total liquidity position of”
Shareholder Votes

Nine Energy Service, Inc. shareholders approved Approval of the Second Amendment to the Nine Energy Service, Inc. 2011 Stock Incentive Plan (Incentive Plan Amendment) at the 2023-05-05 meeting.

“The Incentive Plan Amendment was approved. The voting results were as follows: VOTES FOR VOTES AGAINST VOTES ABSTAINED BROKER NON- VOTES 15,234,404 1,385,850 54,649 9,350,092”
Shareholder Votes

Nine Energy Service, Inc. shareholders approved Ratification of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal year ending December 31, 2023 at the 2023-05-05 meeting.

“PricewaterhouseCoopers LLP was ratified as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023. The voting results were as follows: VOTES FOR VOTES AGAINST VOTES ABSTAINED BROKER NON- VOTES 25,940,003 36,366 48,626 0”
Shareholder Votes

Nine Energy Service, Inc. shareholders approved Election of three nominees as Class II Directors at the 2023-05-05 meeting.

“Each of the three nominees for Class II Directors that was up for election was elected for a term of three years. Votes regarding the election of these directors were as follows: NOMINEE VOTES FOR VOTES WITHHELD BROKER NON-VOTES Scott E. Schwinger 14,932,247 1,742,656 9,350,092 Gary L. Thomas 14,943,798 1,731,105 9,350,092 Andrew L. Waite 16,312,199 362,704 9,350,092”
Earnings Releases

Nine Energy Service, Inc. reported financial results for the quarter and year ended December 31, 2022.

“On March 7, 2023, Nine Energy Service, Inc. issued a press release providing information on its results of operations and financial condition for the quarter and year ended December 31, 2022. The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.”
Debt Financings

Nine Energy Service, Inc. incurred credit facility of approximately $34.3 million.

“In connection with the redemption of the 2023 Senior Notes, the Company borrowed approximately $34.3 million under the Credit Facility to fund a portion of the redemption price of the 2023 Senior Notes.”
Debt Financings

Nine Energy Service, Inc. incurred senior notes of $300,000,000 with U.S. Bank Trust Company, National Association at 13.000% per annum maturing February 1, 2028.

“disclosed, on January 30, 2023, Nine Energy Service, Inc. (the “Company”) completed its public offering (the “Offering”) of 300,000 units with an aggregate stated amount of $300,000,000 (the “Units”). Each Unit consists of $1,000 principal amount of the Company’s 13.000% Senior Secured Notes due 2028 (collectively, the “Notes”) and five shares of common stock,”
Material Agreements

Nine Energy Service, Inc. entered into Indenture with U.S. Bank Trust Company, National Association valued at $300,000,000 (effective 2023-01-30).

“On January 30, 2023, the Company and certain of its subsidiaries entered into an Indenture, dated as of January 30, 2023 (the “Indenture”), with U.S. Bank Trust Company, National Association, as the Notes Trustee and as notes collateral agent (in such capacity, the “Notes Collateral Agent”), pursuant to which the Notes, which form a part of the Units, were issued.”
Material Agreements

Nine Energy Service, Inc. entered into Unit Agreement with U.S. Bank Trust Company, National Association valued at $300,000,000 (effective 2023-01-30).

“On January 30, 2023, the Company entered into a Unit Agreement, dated as of January 30, 2023 (the “Unit Agreement”), with U.S. Bank Trust Company, National Association, as trustee for the Units (in such capacity, the “Units Trustee”) and as trustee for the Notes (in such capacity, the “Notes Trustee”) under the Indenture (as defined below), pursuant to which the Units were issued.”
Material Agreements

Nine Energy Service, Inc. entered into Underwriting Agreement with J.P. Morgan Securities LLC, as representative of the several underwriters valued at approximately $271.2 million (effective 2023-01-19).

“On January 19, 2023, Nine Energy Service, Inc. (the “Company”) and certain of its subsidiaries (the “Guarantors”) entered into an underwriting agreement (the “Underwriting Agreement”) with J.P. Morgan Securities LLC, as representative of the several underwriters named in Schedule 1 thereto (the “Underwriters”), pursuant to which the Company agreed to issue and sell to the Underwriters 300,000 units (the “Units”), each of which consists of $1,000 principal amount of 13.000% Senior Secured Notes due 2028 and five shares of common stock, par value $0.01 per share, of the Company, in accordance with the terms and conditions set forth in the Underwriting Agreement.”
Material Agreements

Nine Energy Service, Inc. amended First Amendment to Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the lender parties thereto (effective 2023-01-17).

“On January 17, 2023, Nine Energy Service, Inc. (the “Company”) and certain of its subsidiaries entered into the First Amendment to Credit Agreement (the “ABL Facility Amendment”) with JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”), and the lender parties thereto (the “Lenders”), which amends certain terms of the Credit Agreement, dated as of October 25, 2018”
Earnings Releases

Nine Energy Service, Inc. reported preliminary financial results for the fourth quarter of 2022.

“The Preliminary Prospectus Supplement contains select preliminary unaudited estimated financial results for the fourth quarter of 2022.”
Earnings Releases

Nine Energy Service, Inc. reported third quarter of 2022 results: revenue $167.4 million, net income $14.3 million, EPS $0.46.

“of 1933, as amended. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Nine Energy Service Announces Third Quarter 2022 Results • Revenue, net income and adjusted EBITDA A of $167.4 million, $14.3 million and $32.6 million, respectively, for the third quarter of 2022 • Third quarter 2022 basic earnings per share of $0.46 • For the third quarter of 2022 the Company”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.