Nine Energy Service ( (NINE) ) has released its Q1 earnings. Here is a breakdown of the information Nine Energy Service presented to its investors.
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Nine Energy Service is a Houston-based oilfield services company that provides completion solutions to the global oil and gas industry, known for its superior service quality and cutting-edge technology.
In its first quarter of 2025, Nine Energy Service reported a revenue increase of approximately 6% quarter over quarter, reaching $150.5 million, despite a stable U.S. rig count. The company also saw improvements in its net loss, which decreased by around 20%, and a 17% increase in adjusted EBITDA, highlighting its strategic focus on market share gains and cost reductions.
Key financial metrics for the quarter included a net loss of $7.1 million and an adjusted EBITDA of $16.5 million. The company also reported a total liquidity of $53.8 million as of March 31, 2025, and successfully closed a new $125 million senior secured asset-based revolving credit facility, enhancing its financial flexibility. Revenue growth was notably driven by increased activity in cementing and coiled tubing divisions, with the latter experiencing a 16% rise in revenue.
Looking ahead, Nine Energy Service remains cautious due to recent declines in oil prices and increased costs from tariffs, which have introduced uncertainty in the energy sector. The company anticipates a potential decrease in revenue and earnings in the second quarter but remains prepared to adapt to market changes and capitalize on growth opportunities in natural gas-leveraged basins.