Nine Energy Service Inc
nineenergyservice.comWhat Do They Do?
Provides well-completion services and downhole tools to oil and gas exploration and production companies operating unconventional wells.
10-K for FY2025, filed Mar 4, 2026Nine Energy Service, Inc. (either individually or together with its subsidiaries, as the context requires, the “Company,” “Nine,” “we,”…View ↗
We offer a variety of completion applications and technologies to match customer needs across the broadest addressable completions market.…View ↗
Our ServicesView ↗
Completion Tools: We provide downhole solutions and technology used for multistage completions. Our comprehensive completion service…View ↗
How Do They Make Money?
Customers pay for completion services as the work is performed, generally at agreed hourly or daily rates. Product sales are paid when products ship from the company’s facilities to customers.
10-K for FY2025, filed Mar 4, 2026
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10-K for FY2025, filed Mar 4, 2026
FY2025 revenue by product or service ↗
$561.9M
-
10-K for FY2025, filed Mar 4, 2026
$561.9M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Service
Recurring
10-K for FY2025, filed Mar 4, 2026 |
77%
FY2022: 77%
|
Service, FY2025
$431.2M Sources
|
Recurring |
|
Product
Sold outright
10-K for FY2025, filed Mar 4, 2026 |
23%
FY2022: 23%
|
Product, FY2025
$130.7M Sources
|
Sold outright |
Who Are Their Customers?
Integrated and independent exploration and production companies buy completion services and products. Jobs are arranged directly with customers through regional work orders, often under broader service agreements.
10-K for FY2025, filed Mar 4, 2026CustomersView ↗
We generate our revenues by providing completion services to E&P customers across all major onshore basins in both the U.S. and Canada as…View ↗
The Company’s revenue is derived from the sale of products and services which are sold directly to customers or are consumed by customers…View ↗
Do Revenues Turn Into Profits?
No. It lost $51.3M in FY2025.
10-K for FY2025, filed Mar 4, 2026
$2.3MView ↗
10-K for FY2025, filed Mar 4, 2026
−$51.3MView ↗
10-K for FY2025, filed Mar 4, 2026
−$23.3MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 5, 2026
−$4.9MView ↗
- ▼ −53% (Loss)
- vs −$10.4M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 5, 2026
Open tableView ↗
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Aug 5, 2026
Company forecasts third-quarter revenue and profitability flat to modestly down
Sources
8-K, filed Aug 5, 2026
“With the sustained revenue loss from our damaged coiled tubing unit, combined with persistent cost inflation across service lines, we…View ↗
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May 22, 2026
Heather Schmidt appointed permanent chief financial officer
Sources
8-K, filed May 22, 2026
As previously reported, on May 11, 2026, Heather Schmidt was appointed as Interim Chief Financial Officer of Nine Energy Service, Inc. (the…View ↗
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Apr 21, 2026
Company emerges from Chapter 11 bankruptcy
The reorganization plan became effective.
Sources
8-K, filed Apr 21, 2026
As previously disclosed, on February 1, 2026, Nine Energy Service, Inc. (the “Company”) and certain of its subsidiaries (collectively with…View ↗
Growing. Revenue grew 61% in 4 years, from $349.4M in FY2021 to $561.9M in FY2025, about 13% a year.
Completion plugs
The latest report includes hybrid frac plugs in its completion-tool lineup, alongside composite and dissolvable plugs; the older report lists composite and dissolvable plugs.
10-K for FY2022, filed Mar 8, 2023 10-K for FY2025, filed Mar 4, 2026Completion Tools: We provide downhole solutions and technology used for multistage completions. Our comprehensive completion service…View ↗
Completion Tools: We provide downhole solutions and technology used for multistage completions. Our comprehensive completion service…View ↗
Who Do They Compete With?
Competes with Halliburton, Schlumberger, NCS Multistage, Patterson-UTI Energy, KLX Energy Services Holdings, and Innovex International
10-K for FY2025, filed Mar 4, 2026Our major competitors include Halliburton Company, Schlumberger Limited, NCS Multistage, Patterson-UTI Energy, KLX Energy Services…View ↗
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