Nine Energy Services Projects Q4 Revenue Between $137 Million and $147 Million
Nine Energy Services (NINE) reported third-quarter revenue of $142 million and adjusted EBITDA of $8.3 million. CEO Ann Fox attributed the quarterly performance to improving activity levels in the United States, specifically within the cementing segment. Looking ahead to the fourth quarter, the company projects revenue to fall between $137 million and $147 million. Management noted that results were impacted by operating constraints in coiled tubing services and a decline in international completion tools activity. To manage operations, the company returned a coiled tubing unit in December.
Tickers: $NINE
Topics: cementing coiled tubing EBITDA international completion tools revenue