NYSE$NINEQ
Nine Energy Service Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Nine Energy reported mixed results in Q1 2021, with revenue increasing despite a net loss and negative adjusted EBITDA.
Nine Energy Service reported a revenue increase of 8% to $66.6 million in Q1 2021, driven by strong activity in cementing and completion tools, despite a net loss of $(8.2) million and adjusted EBITDA of $(3.4) million. The company repurchased $26.3 million par value of bonds for $8.4 million, reducing debt outstanding. They anticipate a challenging environment in 2021 but expect sequential revenue increases in Q2 and Q3.
- Revenue increased by approximately 8% despite a decrease in EIA reported completed wells.
- The company repurchased additional bonds, lowering annual cash interest expense and reducing overall debt.
- Progress was made with the commercialization of new dissolvable plug technology.
- Q2 is expected to be better sequentially than Q1 with double-digit sequential revenue increases, followed by sequential revenue increases in Q3 over Q2.
Headline financials
Revenue & EPS history
Nine Energy · Revenue · Quarterly
$66.6M
Forward guidance
Nine Energy anticipates a challenging environment in 2021 but expects sequential revenue increases in Q2 and Q3.
Tailwinds
- Q2 is expected to be better sequentially than Q1 with double-digit sequential revenue increases.
- Sequential revenue increases are expected in Q3 over Q2.
- The company is making progress with the commercialization of new dissolvable plug technology.
- Pricing has stabilized across service lines.
- The company repurchased additional bonds on the open market.
Headwinds
- There is anticipation of a challenging environment in 2021.
- The company saw a much slower start in January versus last year.
- There were weather-related shut-downs in February.
- Pricing remains extremely depressed.
- There is some tightness, specifically in the labor market.
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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