Nine Energy Service, Inc. — Form 8-K
Filed August 5, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 42/100
What the filing says
Nine Energy Service reported Q2 2026 revenues of $141.8M and a net loss of $4.9M (−$0.35 per share), with adjusted EBITDA of $8.6M. The company emerged from Chapter 11 bankruptcy on March 5, 2026, applying fresh start accounting and reducing share count from 40.7M to 14.0M shares outstanding. Key headwinds: two large-diameter coiled tubing units (17% of fleet) were out of service for maintenance; one returned in Q3, the second expected year-end; margin compression in coiled tubing and cementing due to cost inflation in labor, materials, consumables, and repairs. Liquidity stands at $46.8M ($16.8M cash + $30M revolver availability); total debt is $98.9M. CEO warned of flat-to-down Q3 profitability.
Why this rating
Bankruptcy emergence is structural but already occurred; Q2 results show operational weakness (margin compression, fleet downtime, cost inflation) material to $28.4M market cap. Negative near-term guidance. Not yet transformational but concerning for near-term trajectory.
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