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Get filing alertsNine Energy Service misses Q2 EBITDA guidance on coiled tubing outages and cost inflation
Filed August 5, 2026 · Period ending August 5, 2026 · ~1 min read
Key Changes
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high
Q2 2026 revenue $141.8M (within guidance), net loss $4.9M ($0.35/share), adjusted EBITDA $8.6M (below guidance) due to margin compression in Coiled Tubing and inflationary cost pressures across consumables, labor, and repairs.
Exhibit 99.1 view on EDGAR → -
high
Two large-diameter coiled tubing units (~17% of large-diameter fleet) taken out of service for maintenance during Q2; one returned early Q3, second expected back near year-end, constraining Coiled Tubing operations through 2026.
Exhibit 99.1 view on EDGAR → -
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Q3 2026 revenue and profitability expected flat to modestly down vs. Q2 due to sustained revenue loss from damaged coiled tubing unit and persistent cost inflation across service lines.
Exhibit 99.1 view on EDGAR → -
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Total liquidity $46.8M as of June 30, 2026 ($16.8M cash, $30.0M revolver availability), with $97.3M drawn on revolving credit facility.
Exhibit 99.1 view on EDGAR →
Summary
Nine Energy Service reported second quarter 2026 results that fell short of profitability expectations despite revenue landing within guidance. The company posted revenue of $141.8 million, a net loss of $4.9 million, and adjusted EBITDA of $8.6 million—below guidance due to margin compression in its Coiled Tubing business and broad-based cost inflation.
Two large-diameter coiled tubing units representing approximately 17% of the company's large-diameter fleet were taken out of service during the quarter for maintenance issues. One unit returned to service early in the third quarter, but the second remains under repair and is not expected back until near year-end, creating a sustained operational constraint and revenue headwind.
Management guided third-quarter revenue and profitability flat to modestly down compared to the second quarter, citing the ongoing revenue loss from the damaged coiled tubing unit and persistent inflationary pressures across consumables, labor, and repairs. The company ended the quarter with total liquidity of $46.8 million and $97.3 million drawn on its revolving credit facility. Investors should monitor whether the company can restore the second coiled tubing unit on schedule and whether cost inflation moderates, as both factors are critical to stabilizing margins and returning to profitability.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Nine Energy Service disclosed Q2 2026 financial results via press release.
Added in current filing · verify on EDGAR →
On August 5, 2026, Nine Energy Service, Inc. issued a press release providing information on its results of operations and financial condition for the quarter ended June 30, 2026.
The company announced its second quarter 2026 financial results through a press release. The 8-K body itself does not contain specific financial metrics such as revenue, earnings, or operational performance — those details would be in the attached Exhibit 99.1 press release, which is not included in the provided text.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
we experienced meaningful inflationary pressures across several cost categories, including consumables, labor, and repairs and maintenance.
The company experienced significant inflationary pressures across multiple cost categories including consumables, labor, and repairs and maintenance during the second quarter. These pressures negatively impacted margins in both the Coiled Tubing and Cementing businesses.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 6, 2026 · How we verify