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
Clinton W. Roeder
Senior Vice President and Chief Financial Officer
Edward Bruce Morgan
President - Production Solutions
David Crombie
Chief Operating Officer, Executive Vice President
Theodore Robert Moore
Senior Vice President, General Counsel, Secretary
Steven Brett Luz
Chief Accounting Officer
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 nine months ended 30 September 2019, Nine Energy Service Inc revenues increased 12% to $669.5M. Net income decreased 89% to $2.8M. Revenues reflect Completion Solutions segment increase of 14% to $611.3M. Net income was offset by Interest expense increase from $6.3M to $29.6M (expense), Amortization of intangibles increase from $5.7M to $13.9M (expense).
Employees: 2,261 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $485.07M as of Sep 30, 2019
Annual revenue (TTM): $898.98M as of Sep 30, 2019
EBITDA (TTM): $113.69M as of Sep 30, 2019
Net annual income (TTM): -$74.57M as of Sep 30, 2019
Free cash flow (TTM): $59.63M as of Sep 30, 2019
Net Debt Last Fiscal Year: $301.65M as of Sep 30, 2019
Shares outstanding: 30,582,584 as of Sep 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization