Nine Energy Q3 revenue misses guidance amid rig declines

Nine Energy Service

30/10/2025 21:24

Overview

Nine Energy Q3 revenue of $132 mln, below guidance range due to rig declines and pricing pressure

Company completed landmark cementing job in Haynesville Basin

International revenue for first nine months of 2025 increased ~19% compared to 2024

Outlook

Company expects Q4 revenue and earnings to decline compared to Q3

Nine Energy maintains full-year 2025 capital expenditures guidance at $15 to $25 mln

Company anticipates typical Q4 seasonality impacts on activity

Result Drivers

RIG DECLINES - Significant rig declines and pricing pressure impacted revenue, particularly in the Permian Basin

COMPLETION TOOLS - Market share losses in Completion Tools Division due to customer consolidation and changes in completion designs

CEMENTING JOB - Completed landmark cementing job in Haynesville Basin, showcasing technological capabilities

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$132.02 mln
Q3 Net Income
-$14.64 mln
Q3 Capex
$3.50 mln
Q3 Gross Profit
$11.90 mln
Q3 Income from Operations
-$1.16 mln
Q3 Pretax Profit
-$14.59 mln


Press Release: ID:nBw2z3qCza

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)