Nine Energy Q3 revenue misses guidance amid rig declines

Reuters10-31

Nine Energy Q3 revenue misses guidance amid rig declines

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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)

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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. 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