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Nine Energy Service Inc (NINE)
NYSE:NINE
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.16Last Year’s EPS
-0.24Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 05, 2025
|% Change Since: -5.88%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with significant achievements in revenue growth in the Cementing division, innovation in product lines, and effective cost-cutting measures. However, these were balanced by challenges such as a net loss for the year, impacts from low natural gas prices, and a decline in rig count. Despite these challenges, the company remains optimistic about the future, with potential growth in natural gas demand and international markets.Company Guidance
During the Nine Energy Service earnings call for Q4 and the full year 2024, the company highlighted several key metrics and strategic initiatives. Revenue for 2024 was reported at $554.1 million, with a net loss of $41.1 million, or negative $1.11 per diluted share. The company achieved an adjusted EBITDA of $53.2 million for the year. In Q4, revenue reached $141.4 million, aligning with their guidance range and representing a 2% increase from the previous quarter. Adjusted EBITDA for Q4 was $14.1 million, maintaining steady performance compared to Q3 despite seasonal challenges. Nine Energy Service's cementing division was a major contributor, with its revenue increasing by approximately 20% from Q2 to Q4. The company executed 1,121 cementing jobs in Q4, a 12% increase from Q3. Looking ahead to 2025, Nine Energy Service anticipates Q1 revenue between $146 million and $152 million, driven by market share gains and cost-cutting measures. The company also expects growth in the international tools market and plans to construct a new R&D facility in Texas to enhance their technology offerings.Cementing Division Growth
Cementing revenue increased by approximately 20% from Q2 to Q4 of 2024, with the Cementing division being the largest driver of revenue and profitability gains. Cementing market share increased by approximately 14% over Q4 2023.
Innovative Product Developments
Introduced new Pincer hybrid frac plug and added a frac start element to the Scorpion Plug. The Stinger dissolvable plug is expected to facilitate longer lateral lengths without compromising reliability.
Cost-Cutting and Efficiency Measures
Implemented cost-cutting measures and market share gains across service lines and basins, resulting in increased profitability even in a declining rig count environment.
Sustainability and Safety Achievements
Launched first sustainability report in 2024 and achieved a 22% decline in Total Recordable Incident Rate (TRIR) from 2023.
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NINE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NINE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 05, 2025 | $1.02 | $1.09 | +6.86% |
| Oct 31, 2024 | $0.96 | $1.02 | +6.25% |
| Aug 05, 2024 | $1.60 | $1.61 | +0.63% |
| May 06, 2024 | $2.22 | $2.08 | -6.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Nine Energy Service Inc (NINE) report earnings?
Nine Energy Service Inc (NINE) is schdueled to report earning on May 12, 2025, TBA Not Confirmed.
What is Nine Energy Service Inc (NINE) earnings time?
Nine Energy Service Inc (NINE) earnings time is at May 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NINE EPS forecast?
NINE EPS forecast for the fiscal quarter 2025 (Q1) is -0.16.
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