Nine Energy’s FY 2025 net loss widens 25% to USD 51.3 million

Reuters03-05
Nine Energy’s FY 2025 net loss widens 25% to USD 51.3 million

Nine Energy (Nine Energy Service Inc.) reported FY 2025 revenue of USD 561.9 million (+1%) and an FY 2025 net loss of USD 51.3 million (+25%). FY 2025 income from operations was USD 2.3 million (-74%), while Adjusted EBITDA was USD 49.4 million (-7%). Nine Energy posted FY 2025 adjusted gross profit of USD 94.6 million and FY 2025 gross profit of USD 60.6 million. In corporate updates, Nine Energy said it filed for Chapter 11 on February 1, 2026 to implement a prepackaged restructuring plan; the Bankruptcy Court entered the confirmation order on March 4, 2026, and the company anticipated emerging on March 5, 2026 (subject to conditions). The plan includes canceling the USD 300.0 million 2028 Notes and issuing 100% of the reorganized equity to noteholders, with existing common stock to be canceled. The company also disclosed a DIP ABL facility of up to USD 125.0 million, expected to convert into an exit ABL facility of up to USD 135.0 million upon emergence. Operationally, Nine Energy attributed the FY 2025 revenue increase primarily to higher cementing revenue (+6%) on an 8% increase in cement job count and higher wireline revenue (+4%) with wireline stages up 23%, partially offset by pricing pressure; coiled tubing revenue fell (-6%) as days worked declined 6%. General and administrative expenses rose to USD 59.7 million (+16%), driven by USD 4.5 million in retention payments and USD 2.7 million in professional fees tied to the Chapter 11 process.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nine Energy Service Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001532286-26-000005), on March 04, 2026, and is solely responsible for the information contained therein.

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