NYSE$NINEQ
Nine Energy Service Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Nine Energy reported strong Q3 2022 results, driven by price increases and increased volumes within completion tools.
Nine Energy Service reported Q3 2022 revenues of $167.4 million, net income of $14.3 million, and adjusted EBITDA of $32.6 million. The company's results exceeded original revenue guidance, representing an 18% sequential increase. The company also repurchased $13.0 million par value of bonds for $10.1 million of cash.
- Q3 2022 revenue, net income and adjusted EBITDA were $167.4 million, $14.3 million and $32.6 million, respectively.
- Third quarter 2022 basic earnings per share was $0.46.
- The Company generated ROIC of 28.8% for the third quarter of 2022.
- Total liquidity position of $88.2 million as of September 30, 2022.
Headline financials
Revenue & EPS history
Nine Energy · Revenue · Quarterly
$167M
Forward guidance
The company anticipates revenue to be relatively flat sequentially for Q4, with growth returning as we enter Q1 of 2023.
Tailwinds
- North American shale production will be critical for global supply.
- Capital discipline for both operators and oilfield service providers will continue into 2023 keeping the market tight.
- Constraints on oilfield service equipment will continue.
- Incremental rig activity moving forward should put upward pressure on pricing and drive net margin.
- Nine's geographic and service line diversity positions the company well for this next cycle.
Headwinds
- The overall market has been volatile.
- There are and will continue to be numerous factors that will influence global supply and demand.
- Expect to see some seasonality impacts into Q4.
- Customers remain focused on staying within capital budgets.
- Anticipate revenue to be relatively flat sequentially for Q4.
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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