Nine Energy Service Inc (N:NINE)

Business Focus: Oil Related Services and Equipment

May 21, 2019 04:17 am ET
SCF Ventures and B-29 Investments Announce Partnership with Commando Pressure Control
HOUSTON, May 21, 2019 /PRNewswire/ -- SCF Ventures and B-29 Investments are proud to announce a growth equity investment in Commando Pressure Control. Together with its investment partners, Commando will bring to market a variety of innovative pressure control products for upstream completions operations....
May 07, 2019 02:30 pm ET
Nine Energy Service Announces First Quarter 2019 Results
Nine Energy Service, Inc. ("Nine" or the "Company") (NYSE: NINE) reported first quarter 2019 revenues of $229.7 million, net income of $17.3 million and adjusted EBITDA of $39.2 million. First quarter basic earnings per share was $0.59. First quarter 2019 adjusted net incomeD was $22.1 million, or $0.76 adjusted basic earnings per share, compared to fourth quarter 2018 adjusted net income of $13.6 million, or $0.49 adjusted basic earnings per share, an increase of approximately 63% and 55%, respectively. The Company reported first qua
Apr 17, 2019 02:00 pm ET
Nine Energy Service Announces Timing of First Quarter 2019 Earnings Release and Conference Call
Nine Energy Service, Inc. (NYSE:NINE) announced today that it has scheduled its first quarter 2019 earnings conference call for Wednesday, May 8, 2019 at 10:00 am Central Time. During the call, Nine will discuss its financial and operating results for the quarter ended March 31, 2019, which are expected to be released prior to the conference call.
Mar 06, 2019 01:00 pm ET
Nine Energy Service Announces Fourth Quarter and Full Year 2018 Results
Nine Energy Service, Inc. ("Nine" or the "Company") (NYSE: NINE) reported fourth quarter 2018 revenues of $229.4 million, net loss of $(77.3) million and adjusted EBITDA of $48.0 million. Fourth quarter 2018 revenues increased approximately 5% as compared to the third quarter 2018 revenues of $218.4 million. Fourth quarter net loss was $(77.3) million, or $(2.78) per basic share, which includes property and equipment, goodwill and intangible impairments of $77.7 million associated with the Production Solutions segment. For the fourth quarter
Jan 23, 2019 01:00 pm ET
Nine Energy Service Announces Timing of Fourth Quarter and Full Year 2018 Earnings Release and Conference Call
Nine Energy Service, Inc. (NYSE:NINE) announced today that it has scheduled its fourth quarter and full year 2018 earnings conference call for Thursday, March 7, 2019 at 10:00 am Central Time. During the call, Nine will discuss its financial and operating results for the quarter and full year ended December 31, 2018, which are expected to be released on March 6, 2019, after markets close.
Dec 04, 2018 01:30 pm ET
Nine Energy Service Promotes Industry Veteran to Chief Operating Officer
Nine Energy Service, Inc. (“Nine”)(NYSE: NINE), a leading oilfield services company that offers completion and production solutions, today announced that David Crombie will be promoted to Chief Operating Officer (COO) and Executive Vice President effective January 1, 2019.
Nov 12, 2018 01:00 pm ET
Nine Energy Service Announces Third Quarter 2018 Results
Nine Energy Service, Inc. ("Nine" or the "Company") (NYSE: NINE) reported third quarter 2018 revenues of $218.4 million, net income of $13.7 million and adjusted EBITDA of $38.4 million. Third quarter 2018 revenues increased approximately 6% as compared to the second quarter 2018 revenues of $205.5 million. For the third quarter of 2018, the Company reported net income of $13.7 million, or $0.56 per diluted share. This compares to net income of $9.0 million, or $0.37 per diluted share in the second quarter of 2018. This represents an increase in
Oct 29, 2018 02:00 pm ET
Nine Energy Service Announces Timing of Third Quarter 2018 Earnings Release and Conference Call
Nine Energy Service, Inc. (NYSE:NINE) announced today that it has scheduled its third quarter 2018 earnings conference call for Tuesday, November 13, 2018 at 10:00 am Central Time. During the call, Nine will discuss its financial and operating results for the quarter ended September 30, 2018, which are expected to be released prior to the conference call.
Oct 25, 2018 05:57 pm ET
Nine Energy Service Completes Magnum Oil Tools Acquisition
Nine Energy Service, Inc. ("Nine" or the "Company") (NYSE: NINE) announced today that it has officially completed the acquisition of Magnum Oil Tools International, LTD. (“Magnum”), a market-leading downhole technology provider serving the global oil and gas industry for over a decade. Magnum has a broad offering of proprietary downhole completions products, including dissolvable and composite frac plugs, as well as a number of other patented consumables.
Oct 18, 2018 05:03 pm ET
Nine Energy Service, Inc. Announces Pricing of $400 Million Offering of New Senior Notes
Nine Energy Service, Inc. (“Nine” or the “Company”) (NYSE: NINE) announced today that it has priced a private offering of $400 million in aggregate principal amount of 8.75% senior unsecured notes due 2023 (the “Notes”) at par.
Oct 15, 2018 03:00 am ET
Nine Energy Service to Acquire Magnum Oil Tools
Nine Energy Service, Inc. ("Nine" or the "Company") (NYSE: NINE) announced today that it has entered into a definitive agreement to acquire Magnum Oil Tools International, LTD. (“Magnum”), a market-leading downhole technology provider serving the global oil and gas industry for over a decade. Magnum has a broad offering of proprietary downhole completions products, including dissolvable and composite frac plugs, as well as a number of other patented consumables.
Oct 15, 2018 03:00 am ET
Nine Energy Service, Inc. Announces Offering of $400 Million of New Senior Notes
Nine Energy Service, Inc. (“Nine” or the “Company”) (NYSE: NINE) announced today that, subject to market conditions, it intends to offer $400 million in aggregate principal amount of senior unsecured notes due 2023 (the “Notes”) in a private placement to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the “Securities Act”). Nine intends to use the net proceeds of this offering, together with cash on hand and borrowings under a new credit facility to be entered into in connection with the consummati
Sep 04, 2018 03:00 am ET
Nine Energy Service Names S. Brett Luz Chief Accounting Officer
Nine Energy Service, Inc. (NYSE: NINE), a leading North American oilfield services company that offers completion and production solutions, announced today S. Brett Luz, CPA joined the company as Chief Accounting Officer. Luz assumes the role following the retirement of Rich Woolston who has been with Nine since 2011.
Aug 13, 2018 02:30 am ET
Nine Energy Service Announces Second Quarter 2018 Results
Nine Energy Service, Inc. ("Nine" or the "Company") (NYSE: NINE) reported second quarter 2018 revenues of $205.5 million, net income of $9.0 million and adjusted EBITDA of $30.6 million. Second quarter 2018 revenues increased approximately 18% as compared to the first quarter 2018 revenues of $173.8 million. For the second quarter of 2018, the Company reported net income of $9.0 million, or $0.37 per diluted share. This compares to net income of $1.7 million, or $0.08 per diluted share in the first quarter of 2018. The Company reported second qu
Aug 10, 2018 03:00 am ET
Nine Energy Service Announces Appointment of Google Cloud VP, Darryl Willis, to Board of Directors
Nine Energy Service, Inc. (“Nine” or the “Company”) (NYSE: NINE), a leading oilfield services company that offers completion and production solutions, today announced the appointment of Darryl Willis, Vice President Oil, Gas & Energy at Google Cloud, as an independent director of the firm, effective immediately.
Jul 30, 2018 01:30 pm ET
Nine Energy Service Announces Timing of Second Quarter 2018 Earnings Release and Conference Call
Nine Energy Service, Inc. (NYSE:NINE) announced today that it has scheduled its second quarter 2018 earnings conference call for Monday, August 13, 2018 at 10:00 am Central Time. During the call, Nine will discuss its financial and operating results for the quarter ended June 30, 2018, which are expected to be released prior to the conference call.
Jun 21, 2018 03:00 am ET
Ann Fox, President & CEO of Nine Energy Service, Selected as an EY Entrepreneur Of The Year® 2018 Award Winner in the Gulf Coast Area
Nine Energy Service, Inc. (NYSE: NINE) a leading oilfield services company that offers completion and production solutions, announced today that Ann Fox, president and CEO, has been selected as a winner of the EY Entrepreneur of the Year ® Award in the Gulf Coast area for energy. The award recognizes entrepreneurs excelling in areas such as innovation, financial performance and personal commitment to their businesses and communities. Fox was selected by an independent panel of judges, and the award was presented at a special gala event on June 1
May 14, 2018 02:30 am ET
Nine Energy Service Announces First Quarter 2018 Results
Nine Energy Service, Inc. ("Nine" or the "Company") (NYSE: NINE) reported first quarter 2018 revenues of $173.8 million, net income of $1.7 million and adjusted EBITDA of $24.1 million. First quarter 2018 revenues increased approximately 13% as compared to the fourth quarter 2017 revenues of $154.3 million. For the first quarter of 2018, the Company reported net income of $1.7 million, or $0.08 per diluted share. This compares to a net loss of $(29.8) million, or $(1.89) per diluted share in the fourth quarter of 2017, which included a $35.5 mil
May 03, 2018 02:00 pm ET
Nine Energy Service Announces Timing of First Quarter 2018 Earnings Release and Conference Call
Nine Energy Service, Inc. (NYSE:NINE) announced today that it has scheduled its first quarter 2018 earnings conference call for Monday, May 14, 2018 at 10:00 am Central Time. During the call, Nine will discuss its financial and operating results for the quarter ended March 31, 2018, which are expected to be released prior to the conference call.
Mar 28, 2018 01:22 pm ET
Nine Energy Service Announces Fourth Quarter and Full Year 2017 Results
Nine Energy Service, Inc. ("Nine" or the "Company") (NYSE: NINE) reported fourth quarter 2017 revenues of $154.3 million, net loss of $(29.8) million and adjusted EBITDA of $18.7 million. Fourth quarter 2017 revenues increased approximately 93% as compared to the fourth quarter 2016 revenues of $80.0 million. Fourth quarter net loss was $(29.8) million as compared to a net loss of $(25.8) million in the fourth quarter of 2016, primarily as a result of the goodwill impairment described below. Fourth quarter 2017 adjusted EBITDA increased from
Mar 21, 2018 01:57 pm ET
Nine Energy Service Announces Timing of Fourth Quarter and Full Year 2017 Earnings Release and Conference Call
Nine Energy Service, Inc. (NYSE:NINE) announced today that it has scheduled its fourth quarter and full year 2017 earnings conference call for Thursday, March 29, 2018 at 10:00 am Central Time. During the call, Nine will discuss its financial and operating results for the quarter and full year ended December 31, 2017, which are expected to be released on March 28, 2018, after markets close.
Jan 24, 2018 12:30 pm ET
Nine Energy Service, Inc. Announces Closing of Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares
Nine Energy Service, Inc. (NYSE: NINE) (“Nine”) announced the closing of its initial public offering of 8,050,000 shares of its common stock at a public offering price of $23.00 per share, which included 1,050,000 shares sold upon full exercise of the option to purchase additional shares granted to the underwriters. The shares began trading on the New York Stock Exchange under the symbol “NINE” on January 19, 2018.
Jan 23, 2018 01:06 pm ET
SCF Partners Announces Nine Energy Service (NYSE: NINE) Successfully Completes an Initial Public Offering
SCF Partners (“SCF”) is pleased to announce that Nine Energy Service, Inc. (NYSE: NINE) (“Nine” or the “Company”) successfully completed an initial public offering of 7,000,000 shares of its common stock at $23.00 per share. In addition, the underwriters have exercised in full their option to purchase up to an additional 1,050,000 shares of Nine’s common stock. Nine’s shares trade on the New York Stock Exchange under the ticker symbol “NINE.”
Jan 18, 2018 02:16 pm ET
Nine Energy Service, Inc. Prices Initial Public Offering
HOUSTON, Jan. 18, 2018 (GLOBE NEWSWIRE) -- Nine Energy Service, Inc. (NYSE:NINE) (“Nine”) announced today the pricing of its initial public offering of 7,000,000 shares of its common stock at $23.00 per share. The shares are expected to...
Jan 09, 2018 02:25 am ET
Nine Energy Service, Inc. Announces Launch of Initial Public Offering
HOUSTON, Jan. 09, 2018 (GLOBE NEWSWIRE) -- Nine Energy Service, Inc. (NYSE:Nine) (“Nine”) announced today that it has launched an initial public offering of its common stock pursuant to a registration statement on Form S-1 filed previously with...