NYSE$NINEQ
Nine Energy Service Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Nine Energy reported mixed results, with revenue exceeding guidance but a net loss recorded.
Nine Energy Service reported Q2 2022 revenues of $142.3 million, exceeding their initial guidance. Despite the revenue beat, the company experienced a net loss of $(1.0) million, but achieved an adjusted EBITDA of $18.9 million.
- Total liquidity position of $74.5 million as of June 30, 2022.
- Revenue reached $142.3 million.
- Net loss of $(1.0) million was reported.
- Adjusted EBITDA was $18.9 million.
Headline financials
Revenue & EPS history
Nine Energy · Revenue · Quarterly
$142M
Forward guidance
Nine Energy anticipates sequential improvement in revenue, adjusted EBITDA, and cash flow for Q3 2022, driven by geographic and service line diversity and opportunities for further price increases and volume growth.
Tailwinds
- Revenue, adjusted EBITDA and cash flow to improve sequentially for Q3.
- Geographic and service line diversity positions the company well for further growth.
- Increased profitability over the last two quarters.
- Additional runway to implement net price increases within service lines.
- Opportunity to increase volumes for tools.
Headwinds
- Magnitude of any potential recessionary pressures is difficult to gauge.
- Shortage of qualified labor and equipment in the industry.
- Capital equipment orders being placed are delayed up to 12 months.
- Any incremental activity added throughout the remainder of this year and into 2023 will exacerbate labor and equipment shortage.
- Potential impact of recessionary pressures on North American shale and short-cycle projects.
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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