Nine Energy Service Q2 adjusted EBITDA $8.6M misses guidance; Q3 outlook flat to down
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.
Key points
- 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
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2026.
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.