Nine Energy Service beats Q2 revenue estimates

Nine Energy Service

05/08/2025 22:24

Overview

Nine Energy Q2 2025 revenue of $147.3 mln beats analyst expectations

Company reports net loss of $10.4 mln amid US rig declines

Completion Tool and Wireline revenues rise 9% and 11% QoQ

Outlook

Nine Energy expects Q3 revenue and earnings to decline compared to Q2

Company maintains full-year capex guidance at $15 mln to $25 mln

Nine sees long-term positive outlook for natural gas

Company plans to expand international tools business and improve operations

Result Drivers

COMPLETION TOOL GROWTH - Completion Tool revenue increased by ~9% QoQ, driven by international sales and gas-levered basins

WIRELINE REVENUE INCREASE - Wireline revenue rose by ~11% QoQ due to efficient operations and market share gains

US RIG DECLINES - Significant rig declines and pricing pressures negatively impacted revenue and earnings

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$147.25 mln
$143.60 mln (1 Analyst)
Q2 Net Income
-$10.39 mln
Q2 Capex
$6.10 mln
Q2 Gross Profit
$17.30 mln
Q2 Income from Operations
$3.38 mln
Q2 Pretax Profit
-$10.84 mln


Analyst Coverage

The one available analyst rating on the shares is "sell"

The average consensus recommendation for the oil related services and equipment peer group is "buy."

Wall Street's median 12-month price target for Nine Energy Service Inc is $0.75, about 5% above its August 5 closing price of $0.71

Press Release: ID:nBw13wZq2a

(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.)