Nine Energy Q3 revenue misses guidance amid rig declines

Reuters
2025/10/31
Nine Energy Q3 revenue misses guidance amid rig declines

Overview

  • Nine Energy Q3 revenue of $132 mln, below guidance range due to rig declines and pricing pressure

  • Company completed landmark cementing job in Haynesville Basin

  • International revenue for first nine months of 2025 increased ~19% compared to 2024

Outlook

  • Company expects Q4 revenue and earnings to decline compared to Q3

  • Nine Energy maintains full-year 2025 capital expenditures guidance at $15 to $25 mln

  • Company anticipates typical Q4 seasonality impacts on activity

Result Drivers

  • RIG DECLINES - Significant rig declines and pricing pressure impacted revenue, particularly in the Permian Basin

  • COMPLETION TOOLS - Market share losses in Completion Tools Division due to customer consolidation and changes in completion designs

  • CEMENTING JOB - Completed landmark cementing job in Haynesville Basin, showcasing technological capabilities

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$132.02 mln

Q3 Net Income

-$14.64 mln

Q3 Capex

$3.50 mln

Q3 Gross Profit

$11.90 mln

Q3 Income from Operations

-$1.16 mln

Q3 Pretax Profit

-$14.59 mln

Press Release: ID:nBw2z3qCza

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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