NYSE$NINEQ
Nine Energy Service Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Nine Energy reported Q4 2020 results, including revenue of $62.0 million, a net loss of $(35.4) million, and adjusted EBITDA of $(13.9) million.
Nine Energy Service reported Q4 2020 revenue of $62.0 million, a net loss of $(35.4) million, and an adjusted EBITDA of $(13.9) million. The company ended the year with a cash balance of $68.9 million and an undrawn ABL.
- Revenue increased by 25% quarter over quarter, reflecting activity improvements.
- Net loss and adjusted EBITDA were negatively affected by pricing pressure and one-off, non-cash items.
- The company grew its percentage of US stages completed from approximately 17% in 2019 to approximately 23% in 2020.
- Nine ended the year with the lowest TRIR in the Company’s history of 0.30.
Headline financials
Revenue & EPS history
Nine Energy · Revenue · Quarterly
$62M
Forward guidance
Nine anticipates a very challenging environment in 2021 and expects E&P capital spend will be down year over year. Q1 2021 is off to a slower start, and the company expects to generate a net loss and negative adjusted EBITDA for the quarter.
Tailwinds
- The pace of Q1 activity and revenue will be better sequentially than Q4.
Headwinds
- A very challenging environment is anticipated in 2021.
- E&P capital spend will be down year over year.
- Q1 2021 is off to a slower start as customers finalize their 2021 activity plans.
- Many completion schedules are delayed.
- The inclement weather in Texas caused significant shutdowns within all 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 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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