Nine Energy Service, Inc. Posts $5.1 Million Third-Quarter Loss

Nine Energy Service, Inc. recorded a $5.1 million net loss on $142.0 million in revenue for the third quarter of 2026 while projecting a modest improvement in fourth-quarter profitability.

The oilfield services company posted a GAAP loss of $0.36 per share. Second-quarter revenue was $141.8 million, while the net loss was $4.9 million. Sales were nearly flat between the quarters, and the loss widened slightly.

Cementing revenue increased 11% from the second quarter. Nine ended September with $46 million in liquidity.

Nine emerged from bankruptcy on March 5, 2026, and adopted fresh-start accounting. The new accounting basis makes its financial information from before and after bankruptcy not comparable, including results from a year earlier.

For the fourth quarter, Nine expects revenue to remain roughly flat. It projects a shift in its revenue mix toward higher-margin cementing and international tools work, along with a modest improvement in profitability.