NYSE$NINEQ
Nine Energy Service Inc · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Nine Energy's Q1 2020 results were announced, revealing a revenue of $146.6 million, a net loss of $(300.9) million, and an adjusted EBITDA of $10.3 million.
Nine Energy Service reported a revenue of $146.6 million for Q1 2020. The company experienced a net loss of $(300.9) million, which includes goodwill impairment charges of $296.2 million. Adjusted EBITDA stood at $10.3 million. The company's revenue fell slightly below the original guidance range, while adjusted EBITDA was within the guidance.
- Revenue for Q1 2020 was $146.6 million.
- Net loss for Q1 2020 was $(300.9) million, including $296.2 million in goodwill impairment charges.
- Adjusted EBITDA for Q1 2020 was $10.3 million.
- Cash and cash equivalents as of March 31, 2020, were $90.1 million.
Headline financials
Revenue & EPS history
Nine Energy · Revenue · Quarterly
$147M
Forward guidance
The company faces an extremely volatile market due to global demand reductions related to the COVID-19 pandemic and a flood of supply. Customers are cutting capex plans, affecting all service lines with revenue and adjusted EBITDA declines.
Tailwinds
- The company has a strong liquidity position of $183.6 million as of March 31, 2020.
- The liquidity consists of $90.1 million of cash on the balance sheet.
- There is an undrawn ABL credit facility with $93.5 million of availability.
- The company has a sizeable accounts receivable balance of $92.6 million.
- Inventories balance of $63.1 million.
Headwinds
- The energy industry is suffering from significant global demand reductions related to the COVID-19 pandemic.
- There is a flood of supply hitting the market.
- Customers are cutting 2020 capex plans.
- Rigs are being dropped.
- Frac crews are being released, affecting all service lines with meaningful revenue and adjusted EBITDA declines.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 8 quarterly earnings reports
-3.5%
Avg return
Earnings day
+1.4%
Avg return
5 days after
-4.1%
Avg return
30 days after
36%
13 / 36 earnings
Positive
+31.8%
Q1 2020
Best reaction
-49.1%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | — | — | — | |
| Q3 2025 | -22.1% | -13.2% | -34.2% | |
| Q2 2025 | -3.8% | -16.5% | -9.2% | |
| Q1 2025 | +14.8% | +16.0% | -17.2% | |
| Q4 2024 | +6.9% | +16.0% | -6.6% | |
| Q3 2024 | +6.2% | +32.2% | +67.7% | |
| Q2 2024 | -6.9% | -12.1% | -27.4% | |
| Q1 2024 | -9.5% | -11.9% | -29.2% | |
| Q4 2023 | +6.7% | +1.0% | +23.2% | |
| Q3 2023 | -30.0% | — | — | |
| Q2 2023 | -4.6% | — | — | |
| Q1 2023 | -19.5% | — | — | |
| Q4 2022 | -28.6% | — | — | |
| Q3 2022 | +19.7% | — | — | |
| Q2 2022 | -5.5% | — | — | |
| Q1 2022 | -4.6% | — | — | |
| Q4 2021 | +24.0% | — | — | |
| Q3 2021 | +10.2% | — | — | |
| Q2 2021 | -10.4% | — | — | |
| Q1 2021 | -3.3% | — | — | |
| Q4 2020 | -7.8% | — | — | |
| Q3 2020 | +0.0% | — | — | |
| Q2 2020 | -15.0% | — | — | |
| Q1 2020 | +31.8% | — | — | |
| Q4 2019 | -49.1% | — | — | |
| Q3 2019 | +4.6% | — | — | |
| Q2 2019 | -9.4% | — | — | |
| Q1 2019 | +8.3% | — | — | |
| Q4 2016 | -14.1% | — | — | |
| Q4 2018 | -16.3% | — | — | |
| Q3 2017 | -11.0% | — | — | |
| Q3 2018 | -14.4% | — | — | |
| Q2 2018 | -4.0% | — | — | |
| Q2 2017 | -4.0% | — | — | |
| Q1 2018 | +15.0% | — | — | |
| Q1 2017 | +15.0% | — | — | |
| Q4 2017 | +5.0% | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — |
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