Nine Energy Service Announces First Quarter 2024 Results
Nine Energy Service, Inc. (NINE)
Last nine energy service, inc. earnings: 3/9 06:30 am
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US:NASDAQ Investor Relations:
nineenergyservice.com/about/our-leadership
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Source: Business Wire
Revenue, net loss and adjusted EBITDAA of $142.1 million, $(8.1) million and $15.0 million, respectively, for the first quarter of 2024Despite flat US rig count, increased gross profit in Q1 versus Q4Surpassed 60,000 Stinger™ Dissolvable Plug units sold HOUSTON--(BUSINESS WIRE)--Nine Energy Service, Inc. ("Nine" or the "Company") (NYSE: NINE) reported first quarter 2024 revenues of $142.1 million, net loss of $(8.1) million, or $(0.24) per diluted share and $(0.24) per basic share, and adjusted EBITDA of $15.0 million. The Company had provided original first quarter 2024 revenue guidance between $135.0 and $145.0 million, with actual results coming within the provided range.“The US land market was relatively stable in Q1, with the average US rig count remaining flat quarter over quarter. This was reflected in our revenue, which also remained relatively flat versus Q4 and was within the upper range of our original revenue guidance,” said Ann Fox, President and Chief Executive Office
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News
- Nine Energy Service, Inc. (NYSE:NINE) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Nine Energy Service Announces First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Shareholders Will Probably Hold Off On Increasing Nine Energy Service, Inc.'s (NYSE:NINE) CEO Compensation For The Time Being [Yahoo! Finance]Yahoo! Finance
- Private equity firms among Nine Energy Service, Inc.'s (NYSE:NINE) largest shareholders, saw gain in holdings value after stock jumped 23% last week [Yahoo! Finance]Yahoo! Finance
- Nine Energy Service Announces Timing of First Quarter 2024 Earnings Release and Conference CallBusiness Wire
NINE
Earnings
- 5/6/24 - Beat
NINE
Sec Filings
- 5/13/24 - Form 4
- 5/13/24 - Form 4
- 5/13/24 - Form 4
- NINE's page on the SEC website