Nine Energy Service, Inc. reported its financial results for the third quarter of 2026, filing a Current Report on Form 8-K with the Securities and Exchange Commission on November 9, 2026. The company reported quarterly revenues of $142.0 million, a net loss of $5.1 million, or $(0.36) per basic and diluted share, and adjusted EBITDA of $8.3 million.
According to the filing, cementing revenue increased by 11% compared to the previous quarter. However, the company faced operating constraints in its Coiled Tubing division, where one large-diameter unit remained out of service during the quarter. Additionally, international Completion Tools activity was lower than the second quarter due to timing differences in orders.
The company’s cash and cash equivalents totaled $16.1 million as of September 30, 2026. Combined with $29.9 million of availability under its revolving credit facility, Nine Energy Service reported total liquidity of $46.0 million. Net cash provided by operating activities for the quarter was $4.7 million, and capital expenditures totaled $2.8 million.
Management provided guidance for the fourth quarter of 2026, expecting revenue to be flat compared to the third quarter but profitability to be modestly higher. The company anticipates that the large-diameter coiled tubing unit may return to service in December.
