Every material Form 8-K Nine Energy Service, Inc. has filed with the SEC since May 15, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Nine Energy Service reported second quarter 2026 revenue of $141.8 million, up sequentially and within its guidance range, but adjusted EBITDA of $8.6 million fell below its guidance range and the company posted a net loss of $(4.9) million, or $(0.35) per diluted share. The CEO said two large-diameter coiled tubing units, about 17% of that fleet, were taken out of service for maintenance, and it expects third-quarter revenue and profitability to be flat to modestly down from the second quarter.
Q2 2026 revenue $141.8 million; net loss $(4.9) million, or $(0.35) per diluted share; adjusted EBITDA $8.6 million, below guidance
Two large-diameter coiled tubing units (about 17% of that fleet) were out of service; one returned early in Q3, the other is expected back near year-end
Q3 2026 revenue and profitability expected flat to modestly down versus Q2; full-year capital expenditures guidance unchanged at $20 to $30 million
Total liquidity of $46.8 million as of June 30, 2026, including $97.3 million of revolver borrowings
Nine Energy Service, Inc. appointed Heather Schmidt as its permanent Chief Financial Officer effective May 22, 2026, after she served as interim CFO since May 11, 2026. The company also entered an amended employment agreement with her setting a $425,000 base salary, a 75% target bonus and $600,000 in incremental long-term incentive awards, which matters to shareholders because it fixes the leadership of the finance function and the pay terms tied to it.
Heather Schmidt, age 42, was appointed permanent CFO effective May 22, 2026, having been interim CFO since May 11, 2026.
Her employment agreement sets a base salary of $425,000 and a target annual bonus of 75% of base salary.
She received incremental long-term awards with a $300,000 target value in time-based restricted stock units and a $300,000 target performance-based cash award; the performance award's maximum is 200% of target.
If her employment is terminated without cause or for good reason, she may receive severance equal to one times base salary plus target bonus, or two times after a change in control within 24 months.
Nine Energy Service, Inc. approved a 2026 Long-Term Incentive Plan on May 11, 2026, as contemplated by its Chapter 11 reorganization plan, reserving 1,394,999 shares of common stock, or 10% of shares outstanding at the plan's effective date. The filing also sets executive awards, including $2,980,000 in RSUs and a matching target value of performance awards for CEO Ann G. Fox, and a $15,000 monthly stipend for interim CFO Heather Schmidt, which dilute existing holders and add compensation costs.
Plan reserves 1,394,999 shares of common stock, equal to 10% of shares outstanding at the Chapter 11 plan's effective date; up to 1,000,000 may be issued as incentive stock options.
Ann G. Fox (President, CEO and Secretary) approved for $2,980,000 in RSUs and $2,980,000 in target performance awards; grants effective May 18, 2026.
David Crombie (EVP and COO) approved for $1,225,000 in RSUs and $1,225,000 in target performance awards; Heather Schmidt (Interim CFO) approved for $350,000 in each, plus a $15,000 monthly stipend.
Performance awards can pay up to 200% of target and are based on relative total shareholder return over three annual periods.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Nine Energy Service, Inc. filing is on SEC EDGAR ↗. 8-K briefs of other companies →