NYSE$NINEQ
Nine Energy Service Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Nine Energy reported a decrease in revenue due to reductions in demand related to the COVID-19 pandemic, resulting in a net loss and negative adjusted EBITDA.
Nine Energy reported a challenging second quarter in 2020, with a significant decrease in revenue to $52.7 million due to the COVID-19 pandemic's impact on North American operators. The company experienced a net loss of $(24.2) million and an adjusted EBITDA of $(11.0) million. Despite the downturn, Nine Energy focused on cost-cutting measures and working capital management, maintaining a strong cash balance of $88.7 million.
- Revenue for the second quarter of 2020 was $52.7 million.
- Net loss for the second quarter of 2020 was $(24.2) million.
- Adjusted EBITDA for the second quarter of 2020 was $(11.0) million.
- Cash and cash equivalents as of June 30, 2020, were $88.7 million.
Headline financials
Revenue & EPS history
Nine Energy · Revenue · Quarterly
$52.7M
Forward guidance
The near-term outlook is very challenging, but Nine Energy believes that its technological innovations position it to thrive when activity recovers.
Tailwinds
- Team continues to gain ground with the commercialization of dissolvable plugs.
- Dissolvable plugs receiving incremental trials with new customers.
- Dissolvable plugs expanding market share with current customers.
- Dissolvable plugs tool continues to perform very well.
- Technological innovations position the company to thrive when activity recovers.
Headwinds
- The near-term outlook is very challenging.
- North American operators significantly cut capex.
- Operators reducing or completely suspending activity during the quarter.
- Reductions were most evident in the Permian Basin.
- Activity reductions affected revenue and profitability across service lines.
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 2017 | -4.0% | — | — | |
| Q2 2018 | -4.0% | — | — | |
| Q1 2018 | +15.0% | — | — | |
| Q1 2017 | +15.0% | — | — | |
| Q4 2017 | +5.0% | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — |
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