Nine Energy Service Announces Third Quarter 2026 Results
Key Highlights
- ➤Revenue $142.0 million in third quarter 2026
- ➤Net loss $(5.1) million, or $(0.36) per basic and diluted share
- ➤Adjusted EBITDA $8.3 million in third quarter 2026
- ➤Cementing revenue increased 11% quarter over quarter
- ➤Fourth-quarter revenue expected flat; profitability modestly higher than third quarter
Expert Statements
Ann Fox, President and Chief Executive Officer of Nine Energy Service
“Our third quarter financial results benefited from improving U.S. activity and stronger performance within Cementing, partially offset by continued operating constraints in Coiled Tubing where one of our large-diameter units remained out of service, as well as lower international Completion Tools activity compared with the second quarter due primarily to the timing of orders”
Ann Fox, President and Chief Executive Officer of Nine Energy Service
“Cementing delivered meaningful sequential improvement, supported by sustained customer demand, increased activity and continued market share gains. Historically, Cementing has served as an early indicator of broader completion activity, and we remain encouraged by current trends and the potential for improvement across our other completion-oriented businesses.”
Ann Fox, President and Chief Executive Officer of Nine Energy Service
“Based on current market conditions, we expect the improvement in U.S. activity levels to continue into the fourth quarter of 2026, with our cementing business positioned to benefit from sustained customer demand. Our large-diameter coiled tubing unit that remained out of service during the third quarter may return to service in December.”
Ann Fox, President and Chief Executive Officer of Nine Energy Service
“The pace of customer activity, the timing of the coiled tubing unit’s return, and the mix of product and service activity will continue to influence our near-term performance. Based on these factors, we currently expect fourth quarter revenue to be flat, but profitability to be modestly higher compared to the third quarter of 2026 due to a shift in revenue to our higher margin cementing and international tools business.”
Ann Fox, President and Chief Executive Officer of Nine Energy Service
“Across Nine, we remain focused on operational execution, technology development and cost discipline. We are encouraged by the stronger activity and customer demand experienced in several areas of the business.”
* Revenue, net loss and adjusted EBITDA(A )of $142.0 million, $(5.1) million and $8.3 million, respectively, for the third quarter of 2026
Nine Energy Service, Inc. ("Nine" or the "Company") (NYSE American: NINE) reported third quarter 2026 revenues of $142.0 million, net loss of $(5.1) million, or $(0.36) per basic and diluted share, and adjusted EBITDA of $8.3 million.
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