Nine Energy Service Inc (N:NINE)

Business Focus: Oil Related Services and Equipment

Sector:  Energy Industry:  Oil Related Services and Equipment
See Regulatory Filings on SEC
Company Contact
Address: 2001 Kirby Dr Ste 200
HOUSTON TX 77019-6083
Tel: N/A
IR: See website
Key People
Ernie L. Danner
Chairman of the Board
Ann G. Fox
President, Chief Executive Officer, Director
Guy Sirkes
Chief Financial Officer, Senior Vice President
Edward Bruce Morgan
President - Administration and Operations
David Crombie
Chief Operating Officer, Executive Vice President
Theodore Robert Moore
Senior Vice President, General Counsel, Secretary
Business Overview
Nine Energy Service, Inc. is an oilfield services company. The Company operates through its Completion Solutions segment. The Completion Solutions segment provides services integral to the completion of unconventional wells through a full range of tools and methodologies. Through its Completion Solutions segment, the Company provides cementing services, a portfolio of completion tools, wireline services and coiled tubing services. Cementing services consists of blending cement and water with various solid and liquid additives to create a cement slurry that is pumped between the casing and the wellbore of the well. Its portfolio of completion tools includes those that provide pinpoint frac sleeve system technologies as well as a portfolio of completion technologies used for completing the toe stage of a horizontal well and fully-composite, dissolvable, and extended range frac plugs to isolate stages during plug and perf operations.
Financial Overview
For the six months ended 30 June 2020, Nine Energy Service Inc revenues decreased 57% to $199.4M. Net loss totaled $325.1M vs. income of $23.4M. Revenues reflect Completion Solutions segment decrease of 88% to $52.7M, Production Solutions segment decrease from $42.2M to $0K. Net loss reflects (Gain) loss on revaluation of contingent increase from $14.9M (income) to $484K (expense).
Employees: 1,469 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $320.41M as of Jun 30, 2020
Annual revenue (TTM): $565.07M as of Jun 30, 2020
EBITDA (TTM): $16.87M as of Jun 30, 2020
Net annual income (TTM): -$566.22M as of Jun 30, 2020
Free cash flow (TTM): $55.77M as of Jun 30, 2020
Net Debt Last Fiscal Year: $280.23M as of Jun 30, 2020
Shares outstanding: 31,642,601 as of Aug 3, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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