NINENYSEOil & Gas Field Services, NECUS GAAP · USD

Nine Energy Service, Inc.

Nine Energy Service, Inc. provides completion services for unconventional oil and gas wells, with operations across major North American basins and select international markets. Its work centers on downhole tools, cementing, wireline, and related technologies used to prepare horizontal, multistage wells for production.

Kysy yhtiöstä
Liikevaihto562milj. USD
+1,4 %v/v
Liikevoitto (EBIT)2,3milj. USD
−73,7 %v/v
EBIT-marginaali0,4%
−1,2 %-yks.v/v
Nettotulos−51,3milj. USD
−24,9 %v/v
Vapaa kassavirta−23,3milj. USD
−1 383,0 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−400−2000200400600800milj. USD2020: 311 milj. USD2020: EBIT −383 milj. USD20202021: 349 milj. USD2021: EBIT −50 milj. USD20212022: 593 milj. USD2022: EBIT 44 milj. USD20222023: 610 milj. USD2023: EBIT 18 milj. USD20232024: 554 milj. USD2024: EBIT 8,9 milj. USD20242025: 562 milj. USD2025: EBIT 2,3 milj. USD20255622,3
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Nine Energy Service, Inc.

Liiketoiminta

Osuus liikevaihdosta
Cementing services40 %

Cement placement and related pump-down services used to isolate well zones and support completion operations.

Wireline services25 %

Wireline operations used to deploy tools and support staged completion work in horizontal wells.

Completion tools20 %

Downhole tools and proprietary equipment used in multistage well completion programs.

Other completion services15 %

Additional field services, technical support, and related completion offerings across customer projects.

Tuotteet

Raportoitu · osuus liikevaihdosta
37,6%23,3%20,6%18,5%FY2025100 %
  • Cement37,6 %
  • Tool Revenue23,3 %
  • Wireline20,6 %
  • Coiled Tubing18,5 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Nine sells primarily to exploration and production companies that develop unconventional oil and natural gas resources. Its customer base includes both integrated and independent E&P operators, with buying decisions tied to drilling and completion activity, basin location, and commodity-price expectations.

Integrated E&P companies

Large upstream operators that buy completion services and tools for multi-well development programs and operational consistency.

Independent E&P companies

Smaller and mid-sized producers that outsource cementing, wireline, and downhole completion work to improve well economics.

North American shale operators

Operators in major onshore basins that need horizontal, multistage completion services and field execution support.

International E&P customers

Select non-U.S. customers that purchase completion tools and services for unconventional development projects.

Strategia

Nine’s strategy is to win share with existing and new customers while broadening its tools and completion offerings. It also emphasizes technology development, international growth, and selective capital investment to support field execution and expand into new geographies.

Grow share in core completion marketsLyhyt aikaväli

Higher utilization and stronger customer relationships support the service network and equipment base.

Expand tools and technology offeringsKeskipitkä aikaväli

Proprietary tools and smarter applications can improve differentiation and customer retention.

Broaden geographic reachKeskipitkä aikaväli

A wider footprint reduces dependence on any single basin and opens new demand pools.

Maantiede

2025

Nine operates across major onshore basins in the United States and Canada, with additional business abroad. Geography matters because activity levels, basin mix, and customer capital spending vary by region, and the company’s service footprint must follow drilling and completion programs where they are active.

USA98 %
Other countries (US filing)2,0 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

Nine is exposed to cyclical oil and gas spending, so demand can weaken when customers reduce drilling and completion budgets. The business also faces customer concentration, supplier dependence in certain product lines, cybersecurity exposure, and execution risk tied to retaining skilled field personnel and competing against larger oilfield service providers.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Cyclical upstream spending1Competitive pressure2Supplier concentration4Cybersecurity and IT disruption5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Cyclical upstream spendingVaikutus: KorkeaTodennäköisyys: Korkea

    Customers cut completion activity when oil and gas prices weaken or budgets tighten.

    Kohdistuu: Oil and natural gas E&P customers

  2. Competitive pressureVaikutus: KorkeaTodennäköisyys: Korkea

    Large integrated oilfield service firms and local competitors can compete aggressively on price, technology, and execution.

    Kohdistuu: Completion services and tools markets

  3. Customer concentrationVaikutus: Korkea

    A small number of customers account for a meaningful portion of revenue, so lost work can quickly affect utilization.

    Kohdistuu: Top five customers were about 24% of revenue

  4. Supplier concentrationVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Certain product lines depend on limited third-party manufacturers and vendors.

    Kohdistuu: Proprietary products and service inputs

  5. Cybersecurity and IT disruptionVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Operations depend on information systems for coordination, data, and field execution.

    Kohdistuu: Operational systems and customer data

Kysy Clarifolta: Nine Energy Service, Inc.

Kirjanpito

Harkinnanvaraiset erät
Property and equipment

The business is equipment-intensive, so useful lives, depreciation, and impairment judgments affect reported assets and earnings.

Vaikutus: Fleet and tools valuation

Impairment assessments

Weak activity or asset underutilization can trigger write-downs of long-lived assets or goodwill/intangibles.

Vaikutus: Non-cash charges and asset values

Revenue timing and utilization

Completion services are activity-driven, so quarterly revenue can move with customer schedules and basin demand.

Vaikutus: Quarterly comparability

Debt and financing costs

Refinancing and facility-related fees can affect interest expense and other financing line items.

Vaikutus: Cash flow and earnings presentation

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Päivitetty: 24.9.2026

Nine Energy Service, Inc. (NINE) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo