Quarterly ResultAug 5, 2026, 05:18 PM
Nine Energy Service Q2 Revenue $141.8M; Net Loss $(4.9)M
AI Summary
Nine Energy Service reported second quarter 2026 revenues of $141.8 million, a net loss of $(4.9) million, and adjusted EBITDA of $8.6 million, which was below its guidance range. The company's profitability was negatively impacted by significant margin compression in its Coiled Tubing business due to two large-diameter units being out of service and inflationary pressures. Total liquidity stood at $46.8 million as of June 30, 2026. Management anticipates third-quarter revenue and profitability to be flat to modestly down compared to the second quarter.
Key Highlights
- Q2 2026 revenue was $141.8 million.
- Q2 2026 net loss was $(4.9) million, or $(0.35) per diluted share.
- Q2 2026 adjusted EBITDA was $8.6 million, below guidance range.
- Total liquidity as of June 30, 2026, was $46.8 million.
- Two large-diameter coiled tubing units were out of service due to maintenance issues.
- Experienced significant inflationary pressures across consumables, labor, and repairs.
- Anticipates Q3 revenue and profitability to be flat to modestly down sequentially.
- Full-year 2026 capital expenditures guidance remains $20 million to $30 million.
Price Impact
More from NINE