Nine Energy Service Reports Q1 2025 Developments
By ATTN Desk · Editorial oversight: Sean Han
NINE ENERGY SERVICE INC (NYS: NINE)
1. Introduction
NINE ENERGY SERVICE INC (“Nine Energy Service”, ticker: NINE; 한국어: 나인 에너지 서비스) is a Houston-headquartered provider of onshore completion and production services in North America. Since its founding in 2013, the company has specialized in designing and deploying downhole solutions and technology for unconventional oil and gas wells.
2. Corporate Structure and Operations
- Headquarters: Houston, Texas
- Founded: 2013
- Employees: 1,001–5,000 (per LinkedIn)
- Operating Footprint: Permian Basin, Eagle Ford, MidContinent, Rockies, Barnett, Bakken, Marcellus, Utica, and throughout Canada
- Service Lines:
- Open-hole and cemented completions
- Wireline and specialty services
- Custom downhole tools and technology
3. Developments and News
- January 19, 2018: Initial public offering of 7,000,000 shares at $23.00 per share on NYSE under symbol “NINE.”
- October 25, 2018: Completion of Magnum Oil Tools acquisition, adding proprietary dissolvable and composite frac plugs.
- April 22, 2025: Earth Day message reiterating commitment to responsible operations and environmental stewardship.
- May 7, 2025:
- Form S-8 filing to register 3,900,000 additional shares under the 2011 Stock Incentive Plan, supporting employee equity participation.
- Form 10-Q for the quarter ended March 31, 2025, filed with the SEC.
- Form 8-K current report covering executive updates and other corporate matters.
- 2024: Coil Tubing Division received a Supplier Recognition Award from ConocoPhillips.
4. Financial and Strategic Analysis
| Metric | Value |
|---|---|
| Share Price (2025-06-03) | $0.5158 (+15.16%) |
| Volume | 501,952 |
| Day’s Range | $0.4450–$0.5221 |
| 52-Week Range | $0.4400–$2.0200 |
| Market Capitalization (intraday) | $21.843 M |
| Enterprise Value | $360.80 M |
| Revenue (TTM) | $562.45 M |
| Net Income (TTM) | –$40.09 M |
| Profit Margin | –7.13% |
| Return on Assets (TTM) | 1.87% |
| Total Cash (MRQ) | $17.27 M |
| Earnings Date | August 4–8, 2025 |
| 1-Year Target Estimate | $0.75 |
Strategic highlights include a focus on performance-driven culture, technology initiatives, and comprehensive completion solutions. The May 7, 2025 S-8 filing underscores an emphasis on employee retention and alignment of employee interests with shareholders.
5. Market Position and Industry Context
Nine Energy Service operates in the oilfield services sector, providing completion and production support for unconventional wells. Its footprint spans all major North American basins, positioning the company alongside larger integrated service providers. Key differentiators include:
- Custom engineered downhole tools
- Execution capabilities for multi-stage horizontal wells
- Emphasis on safety and environmental, social, and governance (ESG) practices
The company’s scale (market cap approximately $22 M) places it in the small-cap segment of publicly traded energy services firms, with exposure to commodity price volatility and basin-specific activity.
tl;dr
On June 3, 2025, NINE shares traded at $0.5158, up 15.16%. On May 7, 2025, Nine Energy Service filed its Q1 2025 Form 10-Q, Form 8-K, and registered 3.9 million additional shares under the 2011 Stock Incentive Plan (Form S-8). Upcoming earnings are scheduled for August 4–8, 2025, and the analysts’ 1-year target is $0.75.