Announcement • Mar 13
Nine Energy Service, Inc. Announces Resignation of Theodore R. Moore as Executive Vice President, General Counsel and Secretary Effective March 24, 2026 Nine Energy Service, Inc. announced that on March 9, 2026, Theodore R. Moore notified the company of his decision to resign from his role as Executive Vice President, General Counsel and Secretary of the company in order to accept a position at another company. The company and Mr. Moore agreed his resignation would be effective as of March 24, 2026. Announcement • Feb 07
Nine Energy Service, Inc. to Delist from NYSE Following Chapter 11 Filing On February 2, 2026, Nine Energy Service, Inc. received notice from the staff of NYSE Regulation (“NYSE Regulation”) that NYSE Regulation has determined to commence proceedings to delist the Company’s common stock from the New York Stock Exchange (the “NYSE”) and that trading in the Company’s common stock on the NYSE would be suspended immediately. NYSE Regulation reached its decision that the Company is no longer suitable for listing pursuant to NYSE Listed Company Manual Section 802.01D after the Company’s disclosure on February 2, 2026 that the Company and certain of its subsidiaries had filed the Chapter 11 Cases. On February 5, 2026, after the Company informed the NYSE that the Company does not intend to appeal the delisting determination, the NYSE filed an application on Form 25 with the Securities and Exchange Commission (the “SEC”) pursuant to Rule 12d2-2(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), to delist the Company’s common stock from the NYSE. Such delisting will not affect the Company’s business operations or change its reporting requirements under the rules of the SEC. Announcement • Feb 05
Nine Energy Service, Inc.(OTCPK:NINE.Q) dropped from S&P TMI Index Nine Energy Service, Inc.(OTCPK:NINE.Q) dropped from S&P TMI Index Announcement • Feb 04
NYSE to Commence Delisting Proceedings Against Nine Energy Service, Inc The New York Stock Exchange announced that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of Nine Energy Service, Inc. (the “Company”) — ticker symbol NINE — from the NYSE. Trading in the Company’s common stock will be suspended immediately. NYSE Regulation reached its decision that the Company is no longer suitable for listing pursuant to NYSE Listed Company Manual Section 802.01D after the Company’s February 2, 2026 disclosure that on February 1, 2026, the Company and certain of its subsidiaries filed voluntary petitions under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the Southern District of Texas to implement a prepackaged chapter 11 plan of reorganization. In reaching its delisting determination, NYSE Regulation notes that the Company’s common stock will be canceled as part of the prepackaged chapter 11 plan of reorganization. The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. The NYSE will apply to the Securities and Exchange Commission to delist the Company’s common stock upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision. Announcement • Oct 02
Nine Energy Service, Inc. to Report Q3, 2025 Results on Oct 31, 2025 Nine Energy Service, Inc. announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • May 03
Nine Energy Service Receives Notice from NYSE Regarding Continued Listing Requirements Nine Energy Service, Inc. announced that, on April 30, 2025, the Company was notified by the New York Stock Exchange (“NYSE”) of its noncompliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of its common stock had fallen below $1.00 per share over a period of 30 consecutive trading days. Under the NYSE’s rules, the Company can regain compliance with the minimum share price requirement at any time within the six-month period following receipt of the NYSE notification if on the last trading day of any calendar month during the six-month cure period, the Company’s common stock has (i) a closing price of at least $1.00 per share and (ii) an average closing price of at least $1.00 per share over the 30 trading-day period ending on the last trading day of such month. The Company’s Board of Directors is reviewing all available alternatives to regain compliance with the NYSE’s minimum share price requirement, including, but not limited to, a reverse stock split, subject to stockholder approval no later than at the Company’s next annual meeting of stockholders, if necessary to cure the stock price non-compliance. Under the NYSE’s rules, if the Company determines that it will cure the stock price deficiency by taking an action that will require stockholder approval, the Company must obtain the stockholder approval by no later than its next annual meeting of stockholders and implement the action promptly thereafter, and the price condition will be deemed cured if the price promptly exceeds $1.00 per share and the price remains above that level for at least the following 30 trading days. During the cure period, subject to the Company’s compliance with other NYSE continued listing requirements, shares of the Company’s common stock will continue to be traded on the NYSE under the symbol “NINE” with an added designation of “.BC” to indicate that the Company currently is not in compliance with the NYSE’s continued listing requirements. If the Company is unable to regain compliance, the NYSE will initiate procedures to suspend and delist the Company’s common stock. The NYSE notification does not affect the Company’s business operations or its Securities and Exchange Commission reporting requirements and does not result in a default under any of the Company’s material debt agreements. Announcement • Apr 09
Nine Energy Service, Inc. to Report Q1, 2025 Results on May 08, 2025 Nine Energy Service, Inc. announced that they will report Q1, 2025 results at 8:00 AM, Central Standard Time on May 08, 2025 Announcement • Feb 06
Nine Energy Service, Inc. to Report Q4, 2024 Results on Mar 06, 2025 Nine Energy Service, Inc. announced that they will report Q4, 2024 results on Mar 06, 2025 Recent Insider Transactions • Nov 10
President recently sold €203k worth of stock On the 6th of November, Ann Fox sold around 197k shares on-market at roughly €1.03 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Ann has been a net seller over the last 12 months, reducing personal holdings by €704k. New Risk • Nov 07
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €125k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Negative equity (-US$58m). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$26m net loss in 2 years). Shareholders have been diluted in the past year (20% increase in shares outstanding). Significant insider selling over the past 3 months (€125k sold). Market cap is less than US$100m (€38.7m market cap, or US$41.5m). Reported Earnings • Nov 01
Third quarter 2024 earnings released: US$0.26 loss per share (vs US$0.39 loss in 3Q 2023) Third quarter 2024 results: US$0.26 loss per share (improved from US$0.39 loss in 3Q 2023). Revenue: US$138.2m (down 1.7% from 3Q 2023). Net loss: US$10.1m (loss narrowed 24% from 3Q 2023). Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 2.4% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Oct 25
Nine Energy Service Receives Written Notice from the New York Stock Exchange Regarding Non-Compliance with the Continued Listing Standards Set Forth in Section 802.01B of the NYSE Listed Company Manual Nine Energy Service, Inc. (‘Nine’ or the ‘Company’) announced that it received written notice (the ‘Notice’) from the New York Stock Exchange (the ‘NYSE’) on October 21, 2024, that the Company is not in compliance with the continued listing standards set forth in Section 802.01B of the NYSE Listed Company Manual because its average global market capitalization over a consecutive 30 trading-day period and its last reported stockholders’ equity were both below $50 million. In accordance with NYSE procedures, the Company has 45 days from its receipt of the Notice to submit a business plan to the NYSE demonstrating how it intends to regain compliance with the NYSE’s continued listing standards within 18 months. The Company intends to develop and submit a business plan within 45 days of receipt of the Notice that demonstrates its ability to regain compliance with the NYSE’s continued listing standards within the required timeframe. The Listings Operations Committee of the NYSE (the ‘Committee’) will then review the business plan for final disposition. In the event the Committee accepts the plan, the Company will be subject to quarterly review for compliance with the business plan. In the event the Committee does not accept the business plan, the Company will be subject to delisting procedures and suspension by the NYSE. The Notice has no immediate impact on the listing of the Company’s common stock, which will continue to trade on the NYSE. In addition, the Notice does not affect the Company’s business operations or its SEC reporting requirements and does not conflict with or cause an event of default under any of the Company’s material debt or other agreements. Announcement • Sep 19
Nine Energy Service, Inc. to Report Q3, 2024 Results on Nov 01, 2024 Nine Energy Service, Inc. announced that they will report Q3, 2024 results on Nov 01, 2024 New Risk • Aug 07
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$1.9m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$1.9m free cash flow). Negative equity (-US$50m). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$24m net loss in 2 years). Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (€60.7m market cap, or US$66.3m). Reported Earnings • Aug 06
Second quarter 2024 earnings released: US$0.40 loss per share (vs US$0.076 loss in 2Q 2023) Second quarter 2024 results: US$0.40 loss per share (further deteriorated from US$0.076 loss in 2Q 2023). Revenue: US$132.4m (down 18% from 2Q 2023). Net loss: US$14.0m (loss widened 453% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Jun 26
Nine Energy Service, Inc. to Report Q2, 2024 Results on Aug 06, 2024 Nine Energy Service, Inc. announced that they will report Q2, 2024 results on Aug 06, 2024 Recent Insider Transactions • May 13
Independent Chairman of the Board recently sold €252k worth of stock On the 9th of May, Ernie Danner sold around 137k shares on-market at roughly €1.84 per share. This transaction amounted to 54% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €431k. This was Ernie's only on-market trade for the last 12 months. Reported Earnings • May 07
First quarter 2024 earnings released: US$0.24 loss per share (vs US$0.19 loss in 1Q 2023) First quarter 2024 results: US$0.24 loss per share (further deteriorated from US$0.19 loss in 1Q 2023). Revenue: US$142.1m (down 13% from 1Q 2023). Net loss: US$8.06m (loss widened 32% from 1Q 2023). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Apr 06
Nine Energy Service, Inc. to Report Q1, 2024 Results on May 07, 2024 Nine Energy Service, Inc. announced that they will report Q1, 2024 results on May 07, 2024 Recent Insider Transactions • Mar 14
President recently sold €431k worth of stock On the 12th of March, Ann Fox sold around 217k shares on-market at roughly €1.99 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Ann has been a net seller over the last 12 months, reducing personal holdings by €647k. Announcement • Mar 09
Nine Energy Service, Inc., Annual General Meeting, May 03, 2024 Nine Energy Service, Inc., Annual General Meeting, May 03, 2024, at 08:00 Central Standard Time. Location: 2001 Kirby Drive, Suite 200, Houston, Texas 77019 Texas United States Agenda: To elect three Class III directors to serve until the Company's 2027 Annual Meeting of Stockholders or until their respective successors are elected and qualified; to ratify the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2024; to approve, on an advisory basis, the compensation of our named executive officers ( say-on-pay"); to approve, on an advisory basis, the frequency of future say-on-pay advisory votes; and to transact such other business as may properly come before the Annual Meeting or any adjournment or postponement thereof. Reported Earnings • Mar 08
Full year 2023 earnings released: US$0.97 loss per share (vs US$0.47 profit in FY 2022) Full year 2023 results: US$0.97 loss per share (down from US$0.47 profit in FY 2022). Revenue: US$609.5m (up 2.7% from FY 2022). Net loss: US$32.2m (down 324% from profit in FY 2022). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Mar 08
Nine Energy Service, Inc. Provides Revenue Guidance for the First Quarter of 2024 Nine Energy Service, Inc. provided revenue guidance for the first quarter of 2024. First quarter activity levels and pricing have been mostly flat compared to fourth quarter, in conjunction with the US rig count. Because of this, the company expects First Quarter revenue to be relatively flat compared with fourth quarter. Announcement • Jan 19
Nine Energy Service, Inc. to Report Q4, 2023 Results on Mar 08, 2024 Nine Energy Service, Inc. announced that they will report Q4, 2023 results Pre-Market on Mar 08, 2024 Reported Earnings • Nov 09
Third quarter 2023 earnings released: US$0.39 loss per share (vs US$0.46 profit in 3Q 2022) Third quarter 2023 results: US$0.39 loss per share (down from US$0.46 profit in 3Q 2022). Revenue: US$140.6m (down 16% from 3Q 2022). Net loss: US$13.3m (down 193% from profit in 3Q 2022). Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 2.0% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Announcement • Nov 08
Nine Energy Service, Inc. has filed a Follow-on Equity Offering in the amount of $30 million. Nine Energy Service, Inc. has filed a Follow-on Equity Offering in the amount of $30 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Announcement • Oct 05
Nine Energy Service, Inc. to Report Q3, 2023 Results on Nov 07, 2023 Nine Energy Service, Inc. announced that they will report Q3, 2023 results on Nov 07, 2023 Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €3.30, the stock trades at a trailing P/E ratio of 8.7x. Average forward P/E is 9x in the Energy Services industry in Europe. Total returns to shareholders of 241% over the past three years. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €3.73, the stock trades at a trailing P/E ratio of 10.6x. Average forward P/E is 10x in the Energy Services industry in Europe. Total returns to shareholders of 183% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.86 per share. Recent Insider Transactions • Aug 11
Executive VP & COO recently sold €249k worth of stock On the 8th of August, David Crombie sold around 63k shares on-market at roughly €3.95 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. David has been a net seller over the last 12 months, reducing personal holdings by €978k. Reported Earnings • Aug 06
Second quarter 2023 earnings released: US$0.076 loss per share (vs US$0.032 loss in 2Q 2022) Second quarter 2023 results: US$0.076 loss per share (further deteriorated from US$0.032 loss in 2Q 2022). Revenue: US$161.4m (up 13% from 2Q 2022). Net loss: US$2.54m (loss widened 159% from 2Q 2022). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Announcement • Aug 05
Nine Energy Service, Inc. Provides Revenue Guidance for the Second Quarter 2023 Nine Energy Service, Inc. provided Revenue Guidance for the second Quarter 2023. The company had provided original second quarter 2023 revenue guidance between $158.0 and $166.0 million, with actual results coming within the provided range. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €3.65, the stock trades at a forward P/E ratio of 100x. Average forward P/E is 11x in the Energy Services industry in Europe. Total returns to shareholders of 113% over the past three years. Announcement • Jul 01
Nine Energy Service, Inc. to Report Q2, 2023 Results on Aug 04, 2023 Nine Energy Service, Inc. announced that they will report Q2, 2023 results on Aug 04, 2023 Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €3.39, the stock trades at a forward P/E ratio of 92x. Average forward P/E is 10x in the Energy Services industry in Europe. Total returns to shareholders of 28% over the past three years. Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €2.78, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Energy Services industry in Europe. Total returns to shareholders of 79% over the past three years. Reported Earnings • May 09
First quarter 2023 earnings released: US$0.19 loss per share (vs US$0.23 loss in 1Q 2022) First quarter 2023 results: US$0.19 loss per share (improved from US$0.23 loss in 1Q 2022). Revenue: US$163.4m (up 40% from 1Q 2022). Net loss: US$6.11m (loss narrowed 12% from 1Q 2022). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • May 09
Nine Energy Service, Inc. Provides Revenue Guidance for the First Quarter 2023 Nine Energy Service, Inc. provided Revenue Guidance for the First Quarter 2023. For the period, the company expects $160.0 and $165.0 million, with actual results falling within the provided range. Recent Insider Transactions • Apr 30
Insider recently sold €999k worth of stock On the 26th of April, Warren Frazier sold around 268k shares on-market at roughly €3.73 per share. This transaction amounted to 8.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €2.2m. Insiders have been net sellers, collectively disposing of €12m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €3.93, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Energy Services industry in Europe. Total returns to shareholders of 368% over the past three years. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €5.65, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Energy Services industry in Europe. Total returns to shareholders of 743% over the past three years. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorates as stock falls 32% After last week's 32% share price decline to €5.87, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Energy Services industry in Europe. Total returns to shareholders of 763% over the past three years. Recent Insider Transactions • Mar 08
Insider recently sold €2.2m worth of stock On the 6th of March, Warren Frazier sold around 230k shares on-market at roughly €9.70 per share. This transaction amounted to 6.9% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €2.3m. Insiders have been net sellers, collectively disposing of €9.7m more than they bought in the last 12 months. Announcement • Jan 26
Nine Energy Service, Inc. to Report Q4, 2022 Results on Mar 08, 2023 Nine Energy Service, Inc. announced that they will report Q4, 2022 results Pre-Market on Mar 08, 2023 Announcement • Jan 21
Nine Energy Service, Inc. has completed a Composite Units Offering in the amount of $285 million. Nine Energy Service, Inc. has completed a Composite Units Offering in the amount of $285 million.
Security Name: Units
Security Type: Debt/Equity Composite Units
Securities Offered: 300,000
Price\Range: $950
Discount Per Security: $17.5
Principal Amount: $300 million Recent Insider Transactions • Jan 20
Insider recently sold €1.4m worth of stock On the 17th of January, Warren Frazier sold around 100k shares on-market at roughly €13.88 per share. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €2.3m. Insiders have been net sellers, collectively disposing of €7.4m more than they bought in the last 12 months. Announcement • Jan 18
Nine Energy Service, Inc. Provides Preliminary Earnings Guidance for the Fourth Quarter Ended December 31, 2022 Nine Energy Service, Inc. provided preliminary earnings guidance for the fourth quarter ended December 31, 2022. On a preliminary basis, that revenue will be within a range of $166.0 million to $168.0 million for the three months ended December 31, 2022, as compared to $167.4 million for the three months ended September 30, 2022. In addition, the company estimate that net income will be within a range of $7.0 million to $11.0 million for the three months ended December 31, 2022, as compared to $14.3 million for the three months ended September 30, 2022. Recent Insider Transactions • Dec 29
Insider recently sold €2.3m worth of stock On the 22nd of December, Warren Frazier sold around 200k shares on-market at roughly €11.29 per share. This transaction amounted to 5.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €6.1m more than they bought in the last 12 months. Recent Insider Transactions • Dec 06
Insider recently sold €226k worth of stock On the 1st of December, Warren Frazier sold around 22k shares on-market at roughly €10.30 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €1.4m. Insiders have been net sellers, collectively disposing of €4.1m more than they bought in the last 12 months. Breakeven Date Change • Nov 16
Forecast breakeven date moved forward to 2022 The 2 analysts covering Nine Energy Service previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of US$18.2m in 2022. Earnings growth of 94% is required to achieve expected profit on schedule. Recent Insider Transactions • Nov 09
Insider recently sold €576k worth of stock On the 2nd of November, Warren Frazier sold around 100k shares on-market at roughly €5.76 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.5m more than they bought in the last 12 months. Reported Earnings • Nov 08
Third quarter 2022 earnings released: EPS: US$0.46 (vs US$0.53 loss in 3Q 2021) Third quarter 2022 results: EPS: US$0.46 (up from US$0.53 loss in 3Q 2021). Revenue: US$167.4m (up 80% from 3Q 2021). Net income: US$14.3m (up US$30.3m from 3Q 2021). Profit margin: 8.5% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Nov 01
Insider recently sold €545k worth of stock On the 28th of October, Warren Frazier sold around 100k shares on-market at roughly €5.45 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €915k more than they bought in the last 12 months. Announcement • Oct 07
Nine Energy Service, Inc. to Report Q3, 2022 Results on Nov 07, 2022 Nine Energy Service, Inc. announced that they will report Q3, 2022 results on Nov 07, 2022 Breakeven Date Change • Sep 28
Forecast breakeven date moved forward to 2022 The 2 analysts covering Nine Energy Service previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of US$700.0k in 2022. Earnings growth of 110% is required to achieve expected profit on schedule. Announcement • Sep 13
Nine Energy Service Regains Compliance with NYSE Continued Listing Standards Nine Energy Service, Inc. announced that on September 9, 2022, Nine was notified by the New York Stock Exchange (“NYSE”) that the Company has regained compliance with the quantitative continued listing standards. This decision comes as a result of the Company’s achievement of compliance with the NYSE’s minimum market capitalization and shareholders’ equity requirement over the past two quarters. On January 5, 2022, the Company was notified by the NYSE of its noncompliance with the NYSE’s continued listing standards because its average global market capitalization over a consecutive 30 trading-day period and last reported stockholders’ equity were both below $50 million. Breakeven Date Change • Aug 08
Forecast breakeven date moved forward to 2023 The 2 analysts covering Nine Energy Service previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of US$260.0k in 2023. Average annual earnings growth of 125% is required to achieve expected profit on schedule. Reported Earnings • Aug 05
Second quarter 2022 earnings released: US$0.032 loss per share (vs US$0.81 loss in 2Q 2021) Second quarter 2022 results: US$0.032 loss per share (up from US$0.81 loss in 2Q 2021). Revenue: US$142.3m (up 68% from 2Q 2021). Net loss: US$978.0k (loss narrowed 96% from 2Q 2021). Over the next year, revenue is forecast to grow 31%, compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Announcement • Aug 04
Nine Energy Service, Inc. Provides Guidance for the Remainder of 2022 and 2023 Nine Energy Service, Inc. provided guidance for the remainder of 2022 and 2023. The company expects outlook for the remainder of 2022 and 2023 is positive. Announcement • Jul 09
Nine Energy Service, Inc. to Report Q2, 2022 Results on Aug 04, 2022 Nine Energy Service, Inc. announced that they will report Q2, 2022 results on Aug 04, 2022 Recent Insider Transactions • May 26
Independent Director recently sold €56k worth of stock On the 24th of May, Darryl Willis sold around 22k shares on-market at roughly €2.53 per share. In the last 3 months, there was an even bigger sale from another insider worth €59k. Insiders have been net sellers, collectively disposing of €513k more than they bought in the last 12 months. Recent Insider Transactions • May 11
Senior VP recently sold €59k worth of stock On the 9th of May, Theodore Moore sold around 22k shares on-market at roughly €2.67 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €542k more than they bought in the last 12 months. Reported Earnings • May 06
First quarter 2022 earnings released: US$0.23 loss per share (vs US$0.28 loss in 1Q 2021) First quarter 2022 results: US$0.23 loss per share (up from US$0.28 loss in 1Q 2021). Revenue: US$116.9m (up 76% from 1Q 2021). Net loss: US$6.90m (loss narrowed 16% from 1Q 2021). Over the next year, revenue is forecast to grow 42%, compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings. Announcement • May 05
Nine Energy Service, Inc. Provides Earnings Guidance for the Second Quarter of 2022 and Provides Outlook for the Remainder of 2022 and 2023 Nine Energy Service, Inc. provided earnings guidance for the second quarter of 2022 and provided outlook for the remainder of 2022 and 2023. The company anticipates revenue and adjusted EBITDA to improve sequentially for second quarter.The outlook for the remainder of 2022 and 2023 continues to be very positive. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 3 highly experienced directors. Independent Director Darryl Willis was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 06
Nine Energy Service, Inc. to Report Q1, 2022 Results on May 05, 2022 Nine Energy Service, Inc. announced that they will report Q1, 2022 results on May 05, 2022 Reported Earnings • Mar 09
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: US$2.13 loss per share (up from US$12.74 loss in FY 2020). Revenue: US$349.4m (up 12% from FY 2020). Net loss: US$64.6m (loss narrowed 83% from FY 2020). Revenue exceeded analyst estimates by 2.7%. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings. Announcement • Feb 04
Nine Energy Service, Inc. to Report Q4, 2021 Results on Mar 08, 2022 Nine Energy Service, Inc. announced that they will report Q4, 2021 results on Mar 08, 2022 Announcement • Jan 09
Nine Energy Service Receives Notice from NYSE Regarding Continued Listing Requirements Nine Energy Service, Inc. (“Nine” or the “Company”) announced that it received written notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) on January 5, 2022, that the Company is not in compliance with the continued listing standards set in Item 802.01B of the NYSE Listed Company Manual because its average global market capitalization over a consecutive 30 trading-day period and last reported stockholders’ equity were both below $50 million. In accordance with NYSE procedures, the Company has 45 days from its receipt of the Notice to submit a business plan to the NYSE demonstrating how it intends to regain compliance with the NYSE’s continued listing standards within 18 months. The Company intends to develop and submit a business plan within 45 days of receipt of the Notice that demonstrates its ability to regain compliance with the NYSE’s continued listing standards within the required timeframe. The Listings Operations Committee of the NYSE (the “Committee”) will then review the business plan for final disposition. Recent Insider Transactions • Dec 30
Insider recently sold €229k worth of stock On the 27th of December, Warren Frazier sold around 259k shares on-market at roughly €0.88 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.0m more than they bought in the last 12 months. Reported Earnings • Nov 05
Third quarter 2021 earnings released: US$0.53 loss per share (vs US$0.62 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: US$92.9m (up 88% from 3Q 2020). Net loss: US$16.1m (loss narrowed 13% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has fallen by 62% per year, which means it is performing significantly worse than earnings. Recent Insider Transactions • Oct 14
Insider recently sold €99k worth of stock On the 12th of October, Warren Frazier sold around 50k shares on-market at roughly €1.99 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €802k more than they bought in the last 12 months. Reported Earnings • Aug 08
Second quarter 2021 earnings released: US$0.81 loss per share (vs US$0.81 loss in 2Q 2020) The company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2021 results: Revenue: US$84.8m (up 61% from 2Q 2020). Net loss: US$24.5m (loss widened 1.5% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 53% per year whereas the company’s share price has fallen by 57% per year. Recent Insider Transactions • May 13
Executive VP & COO recently sold €85k worth of stock On the 12th of May, David Crombie sold around 55k shares on-market at roughly €1.55 per share. In the last 3 months, there was an even bigger sale from another insider worth €265k. David has been a seller over the last 12 months, reducing personal holdings by €264k. Reported Earnings • May 07
First quarter 2021 earnings released: US$0.28 loss per share (vs US$10.22 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: US$66.6m (down 55% from 1Q 2020). Net loss: US$8.25m (loss narrowed 97% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 11 percentage points per year, which is a significant difference in performance. Announcement • May 07
Nine Energy Service, Inc. Provides Earnings Guidance for the Second and Third Quarter of 2021 Nine Energy Service, Inc. provided earnings guidance for the second and third quarter of 2021. For the second quarter, the company expects to be better sequentially than first quarter with double-digit sequential revenue increases, followed by sequential revenue increases in third quarter over second quarter. Recent Insider Transactions • Mar 13
President recently sold €265k worth of stock On the 11th of March, Ann Fox sold around 96k shares on-market at roughly €2.76 per share. This was the largest sale by an insider in the last 3 months. This was Ann's only on-market trade for the last 12 months. Reported Earnings • Mar 10
Full year 2020 earnings released: US$12.74 loss per share (vs US$7.43 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$310.9m (down 63% from FY 2019). Net loss: US$378.9m (loss widened 74% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 82% per year but the company’s share price has only fallen by 48% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Mar 10
Revenue beats expectations Revenue exceeded analyst estimates by 1.9%. Over the next year, revenue is expected to shrink by 2.6% compared to a 2.0% growth forecast for the Energy Services industry in Germany. Announcement • Mar 09
Nine Energy Service, Inc., Annual General Meeting, May 03, 2021 Nine Energy Service, Inc., Annual General Meeting, May 03, 2021, at 08:30 Central Standard Time. Agenda: To consider, elect the three nominees for Class III Directors named in the accompanying proxy statement, to serve until the 2024 Annual Meeting of Stockholders or until their respective successors are elected and qualified; to consider, ratify the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2021; to consider approve the First Amendment to the 2011 Stock Incentive Plan; and to transact such other business as may properly come before the meeting or any adjournment or postponement thereof. Is New 90 Day High Low • Feb 18
New 90-day high: €2.96 The company is up 111% from its price of €1.40 on 19 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.99 per share. Announcement • Feb 03
Nine Energy Service, Inc. to Report Q4, 2020 Results on Mar 08, 2021 Nine Energy Service, Inc. announced that they will report Q4, 2020 results on Mar 08, 2021 Announcement • Jan 28
Nine Energy Service, Inc.(NYSE:NINE) dropped from Russell 2000 Dynamic Index Nine Energy Service, Inc.(NYSE:NINE) dropped from Russell 2000 Dynamic Index Is New 90 Day High Low • Jan 15
New 90-day high: €2.44 The company is up 122% from its price of €1.10 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 46% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.02 per share. Is New 90 Day High Low • Dec 24
New 90-day high: €2.34 The company is up 103% from its price of €1.15 on 25 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 42% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.00 per share. Is New 90 Day High Low • Dec 10
New 90-day high: €2.28 The company is up 148% from its price of €0.92 on 10 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 31% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.77 per share. Is New 90 Day High Low • Nov 20
New 90-day high: €1.40 The company is up 7.0% from its price of €1.31 on 21 August 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Energy Services industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.79 per share. Analyst Estimate Surprise Post Earnings • Nov 07
Revenue misses expectations Revenue missed analyst estimates by 0.8%. Over the next year, revenue is expected to shrink by 23% compared to a 17% decline forecast for the Energy Services industry in Germany. Reported Earnings • Nov 07
Third quarter 2020 earnings released: US$0.62 loss per share The company reported a soft third quarter result with weaker revenues and control over expenses, though losses reduced. Third quarter 2020 results: Revenue: US$49.5m (down 76% from 3Q 2019). Net loss: US$18.5m (loss narrowed 10% from 3Q 2019). 
