Nine Energy Service held its Q2 2026 earnings call to discuss financial results and operations. Earnings call delivers financial updates that may moderately sway near-term stock sentiment without major strategic shifts.
| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | — | — | — | — | — | — | — |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 30.84 | 27.88 | 19.84 | 18.25 |
| Receivables | 88.94 | 81.44 | 75.98 | 91.60 |
| Inventory | 54.49 | 50.78 | 56.55 | 48.77 |
| Other | 0.50 | 0.38 | 2.92 | 1.38 |
| 183.63 | 170.46 | 168.83 | 171.30 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 33.38 | 36.05 | 43.56 | 44.45 |
| ST’ Debt | 2.86 | 3.58 | 6.31 | 1.61 |
| Other | — | — | — | — |
| 82.75 | 81.55 | 91.41 | 73.09 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Earnings | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Book Value | — | ‡‡‡ | ‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 130.00 | 141.81 | — | — |
—
|
| ’25 | 150.47 | 147.25 | 132.03 | 132.17 |
561.91
|
| ’24 | 142.12 | 132.40 | 138.16 | 141.43 |
554.10
|
| ’23 | 163.41 | 161.43 | 140.62 | 144.07 |
609.53
|
| ’22 | 116.94 | 142.35 | 167.43 | 166.67 |
593.38
|
| ’21 | 66.63 | 84.83 | 92.87 | 105.09 |
349.42
|
| ’20 | 146.62 | 52.74 | 49.52 | 61.97 |
310.85
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (7.53) | (7.13) | — | — |
—
|
| ’25 | (5.28) | 10.09 | (9.94) | (2.17) |
(7.31)
|
| ’24 | (8.84) | 12.89 | (5.85) | 14.99 |
13.20
|
| ’23 | 3.97 | 27.13 | (9.91) | 24.32 |
45.51
|
| ’22 | (6.46) | (0.43) | 15.12 | 8.44 |
16.67
|
| ’21 | (5.24) | (19.63) | (1.83) | (13.71) |
(40.42)
|
| ’20 | 0.75 | 1.61 | 2.28 | (9.54) |
(4.90)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (6.05) | (17.97) | — | — |
—
|
| ’25 | (9.26) | 4.32 | (13.36) | (2.60) |
(20.90)
|
| ’24 | (14.30) | 10.26 | (8.93) | 11.99 |
(0.98)
|
| ’23 | (1.32) | 21.31 | (13.52) | 15.88 |
22.35
|
| ’22 | (5.12) | (3.40) | 10.50 | (10.73) |
(8.74)
|
| ’21 | (6.83) | (19.18) | (2.53) | (23.80) |
(52.34)
|
| ’20 | 1.28 | 2.85 | (0.04) | (10.77) |
(6.68)
|
| Year |
|---|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Low Price
|
| — | — | — | — | — | — | — | — | — | — | — | — | — |
High Price
|
| — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,212 | 1,157 | 1,077 | 1,072 | — | — | — |
Employees
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.49 | 0.53 | 0.51 | 0.52 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 593.38 | 609.53 | 554.10 | 561.91 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 22.97% | 19.49% | 17.57% | 16.83% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 14.94 | (31.63) | (40.88) | (51.49) | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.52% | (5.19%) | (7.38%) | (9.16%) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 14.39 | (32.21) | (41.08) | (51.32) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 51.46 | 60.59 | 57.64 | 63.96 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 19.18 | 18.31 | 14.91 | 13.73 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| — | — | — | — | — | — | — | — | — | — | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.54 | 1.37 | 0.36 | (0.18) | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.82) | (0.70) | (0.38) | (0.33) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.28) | 0.67 | (0.03) | (0.51) | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.76) | (1.07) | (1.78) | (2.81) | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 30.93 | 33.28 | 37.17 | 40.92 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| — | — | — | — | — | — | — | — | — | — | — | — | — |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.83 | 0.83 | 0.83 | 0.83 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.34 | 3.34 | 3.34 | 3.34 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.96 | 0.96 | 0.96 | 0.96 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (29.41) | (29.41) | (29.41) | (29.41) | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 16.67 | 45.51 | 13.20 | (7.31) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (25.42) | (23.16) | (14.18) | (13.59) | — | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (8.74) | 22.35 | (0.98) | (20.90) | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 115.72 | 100.88 | 88.92 | 77.42 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 340.30 | 323.38 | 320.84 | 347.88 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 322.85 | 292.54 | 292.96 | 328.04 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (23.51) | (35.63) | (66.06) | (114.96) | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.56% | (7.77%) | (10.78%) | (14.67%) | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9.10% | 4.28% | 2.46% | 0.69% | — | — | — |
ROIC
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (45.86%) | 108.94% | 80.80% | 56.70% | — | — | — |
ROE
|
Nine Energy Service, Inc. has navigated a decade of volatility, mirroring the broader energy sector’s challenges. The company’s financial journey has been marked by significant revenue fluctuations, peaking in 2018 and plummeting by 2020 due to the global oil and gas downturn exacerbated by the COVID-19 pandemic. Despite a revenue recovery by 2023, profitability remains elusive, with consistent net losses except for a brief profit in 2022. The company’s balance sheet reveals a concerning negative equity trend since 2021, indicating liabilities surpassing assets, while cash flow inconsistencies highlight operational challenges.
The stock price has reflected Nine Energy’s financial instability, with a dramatic fall from its 2018 highs to a low in 2020, and a modest recovery by 2025. Analyst price targets suggest minimal upside, reflecting cautious sentiment about the company’s future performance. Insider transactions in 2024 show mixed confidence, with significant share purchases offset by notable sales. Looking forward, analysts predict gradual revenue improvement but continued net losses through 2026, underscoring the company’s struggle to achieve a financial turnaround amidst industry volatility and high debt levels. Investors are advised to proceed with caution, considering the company’s strategic efforts to stabilize its financial position.
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