Latest news with #NineEnergyService
Business Wire
a day ago
- Business
- Business Wire
Nine Energy Service Announces Timing of Second Quarter 2025 Earnings Release and Conference Call
HOUSTON--(BUSINESS WIRE)--Nine Energy Service, Inc. (NYSE: NINE) announced today that it has scheduled its second quarter 2025 earnings conference call for Wednesday, August 6, 2025, at 9:00 am Central Time. During the call, Nine will discuss its financial and operating results for the quarter ended June 30, 2025, which are expected to be released prior to the conference call. Participants may join the live conference call by dialing U.S. (Toll Free): (877) 524-8416 or International: (412) 902-1028 and ask for the 'Nine Energy Service Earnings Call.' Participants are encouraged to dial into the conference call ten to fifteen minutes before the scheduled start time to avoid any delays entering the earnings call. For those who cannot listen to the live call, a telephonic replay of the call will be available through August 20, 2025, and may be accessed by dialing U.S. (Toll Free): (877) 660-6853 or International: (201) 612-7415 and enter passcode 13754403. About Nine Energy Service Nine Energy Service is an oilfield services company that offers completion solutions within North America and abroad. The Company brings years of experience with a deep commitment to serving clients with smarter, customized solutions and world-class resources that drive efficiencies. Serving the global oil and gas industry, Nine continues to differentiate itself through superior service quality, wellsite execution and cutting-edge technology. Nine is headquartered in Houston, Texas with operating facilities in the Permian, Eagle Ford, Haynesville, SCOOP/STACK, Niobrara, Barnett, Bakken, Marcellus, Utica and Canada. For more information on the Company, please visit Nine's website at
Business Insider
03-05-2025
- Business
- Business Insider
Nine Energy Service receives noncompliance notification from NYSE
Nine Energy Service (NINE) announced that the company was notified by the NYSE of its noncompliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of its common stock had fallen below $1.00 per share over a period of 30 consecutive trading days. Under the NYSE's rules, the company can regain compliance with the minimum share price requirement at any time within the six-month period following receipt of the NYSE notification if on the last trading day of any calendar month during the six-month cure period, the company's common stock has a closing price of at least $1.00 per share and an average closing price of at least $1.00 per share over the 30 trading-day period ending on the last trading day of such month. Protect Your Portfolio Against Market Uncertainty
Business Wire
02-05-2025
- Business
- Business Wire
Nine Energy Service, Inc. Receives Notice from NYSE Regarding
HOUSTON--(BUSINESS WIRE)--Nine Energy Service, Inc. ('Nine' or the 'Company') (NYSE: NINE) announced today that, on April 30, 2025, the Company was notified by the New York Stock Exchange ('NYSE') of its noncompliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of its common stock had fallen below $1.00 per share over a period of 30 consecutive trading days. Under the NYSE's rules, the Company can regain compliance with the minimum share price requirement at any time within the six-month period following receipt of the NYSE notification if on the last trading day of any calendar month during the six-month cure period, the Company's common stock has (i) a closing price of at least $1.00 per share and (ii) an average closing price of at least $1.00 per share over the 30 trading-day period ending on the last trading day of such month. The Company's Board of Directors is reviewing all available alternatives to regain compliance with the NYSE's minimum share price requirement, including, but not limited to, a reverse stock split, subject to stockholder approval no later than at the Company's next annual meeting of stockholders, if necessary to cure the stock price non-compliance. Under the NYSE's rules, if the Company determines that it will cure the stock price deficiency by taking an action that will require stockholder approval, the Company must obtain the stockholder approval by no later than its next annual meeting of stockholders and implement the action promptly thereafter, and the price condition will be deemed cured if the price promptly exceeds $1.00 per share and the price remains above that level for at least the following 30 trading days. During the cure period, subject to the Company's compliance with other NYSE continued listing requirements, shares of the Company's common stock will continue to be traded on the NYSE under the symbol 'NINE' with an added designation of '.BC' to indicate that the Company currently is not in compliance with the NYSE's continued listing requirements. If the Company is unable to regain compliance, the NYSE will initiate procedures to suspend and delist the Company's common stock. The NYSE notification does not affect the Company's business operations or its Securities and Exchange Commission reporting requirements and does not result in a default under any of the Company's material debt agreements. About Nine Energy Service Nine Energy Service is an oilfield services company that offers completion solutions within North America and abroad. The Company brings years of experience with a deep commitment to serving clients with smarter, customized solutions and world-class resources that drive efficiencies. Serving the global oil and gas industry, Nine continues to differentiate itself through superior service quality, wellsite execution and cutting-edge technology. Nine is headquartered in Houston, Texas with operating facilities in the Permian, Eagle Ford, Haynesville, SCOOP/STACK, Niobrara, Barnett, Bakken, Marcellus, Utica and Canada. For more information on the Company, please visit Nine's website at Forward Looking Statements The foregoing contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are those that do not state historical facts and are, therefore, inherently subject to risks and uncertainties. Forward-looking statements also include statements that refer to or are based on projections, uncertain events or assumptions. The forward-looking statements included herein, such as those regarding the Company's plan to regain compliance with NYSE listing standards, are based on current expectations and entail various risks and uncertainties that could cause actual results to differ materially from those forward-looking statements. Such risks and uncertainties include, among other things, the level of capital spending and well completions by the onshore oil and natural gas industry, which may be affected by geopolitical and economic developments in the U.S. and globally, including conflicts, instability, acts of war or terrorism in oil producing countries or regions, particularly Russia, the Middle East, South America and Africa, as well as actions by members of the Organization of the Petroleum Exporting Countries and other oil exporting nations; general economic conditions and inflation, particularly cost inflation with labor or materials; the effects of tariffs and other trade measures on the Company's business and on the onshore oil and natural gas industry generally; equipment and supply chain constraints; the Company's ability to attract and retain key employees, technical personnel and other skilled and qualified workers; the Company's ability to maintain existing prices or implement price increases on its products and services; pricing pressures, reduced sales, or reduced market share as a result of intense competition in the markets for the Company's dissolvable plug products; conditions inherent in the oilfield services industry, such as equipment defects, liabilities arising from accidents or damage involving the Company's fleet of trucks or other equipment, explosions and uncontrollable flows of gas or well fluids, and loss of well control; the Company's ability to implement and commercialize new technologies, services and tools; the Company's ability to grow its completion tool business domestically and internationally; the adequacy of the Company's capital resources and liquidity, including the ability to meet its debt obligations; the Company's ability to manage capital expenditures; the Company's ability to accurately predict customer demand, including that of its international customers; the loss of, or interruption or delay in operations by, one or more significant customers, including certain of the Company's customers outside of the United States; the loss of or interruption in operations of one or more key suppliers; the incurrence of significant costs and liabilities resulting from litigation; cybersecurity risks; changes in laws or regulations regarding issues of health, safety and protection of the environment; and other factors described in the 'Risk Factors' and 'Business' sections of the Company's most recently filed Annual Report on Form 10-K and subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof, and, except as required by law, the Company undertakes no obligation to update those statements or to publicly announce the results of any revisions to any of those statements to reflect future events or developments.
Yahoo
16-04-2025
- Business
- Yahoo
Why Nine Energy Service (NINE) Is Crashing This Week
We recently published a list of Energy Stocks that are Losing This Week. In this article, we are going to take a look at where Nine Energy Service, Inc. (NYSE:NINE) stands against other energy stocks that are crashing this week. After an encouraging start to the year, the energy industry is now trailing just behind the general market. As of the writing of this piece, the overall energy sector has fallen by 8.31% since the beginning of 2025, against a decline of 8.04% by the wider market. The oil and gas industry has been hit particularly hard, sliding by 20.76% since the beginning of the year. The major reason behind this fall is the decline in the global prices of oil, which have plunged by a little over 15% since the beginning of 2025. The prospects of an economic slowdown following a global tariff war, coupled with the recent decision by OPEC+ to increase supply in May, have weighed down the global crude price. Moreover, the US Energy Information Administration (EIA) revealed in its latest report that it now projects global oil consumption to increase by 900,000 b/d in 2025 and 1 million b/d in 2026, down by 400,000 b/d and 100,000 b/d, respectively, from its initial forecast in March. The EIA has also forecasted the WTI price to average $63.88 per barrel this year before dropping to an average of $57.48 in 2026. The sharp decline in prices and the expected slowdown in demand growth have taken a toll on oil stocks and shaken investor confidence. A close-up of a drilling rig with its silhouette against a sunset sky. To collect data for this article, we have referred to several stock screeners to find energy stocks that have fallen the most between April 8 to April 15, 2025. The following are the Energy Stocks that Lost the Most This Week. The stocks are ranked according to their share price decline during this period. At Insider Monkey, we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Share Price Decline Between Apr. 8 and Apr. 15: 19.21% Topping our list of Energy Stocks that Lost the Most This Week is Nine Energy Service, Inc. (NYSE:NINE), which operates as an onshore completion services provider that targets unconventional oil and gas resource development in North American basins and internationally. The stock of Nine Energy Service, Inc. (NYSE:NINE) closed at a 52-week low of $0.73 this week despite posting better-than-expected results in its last quarter. The oilfield service industry has been hit particularly hard following the recent global trade war and the resultant plunge in oil prices. The projected decrease in demand growth means a slowdown in drilling activity and hence less business for the oilfield service sector. Overall, NINE ranks 1st on our list of the energy stocks that lost the most this week. While we acknowledge the potential of energy companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than NINE but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
08-04-2025
- Business
- Yahoo
Nine Energy Service Announces Timing of First Quarter 2025 Earnings Release and Conference Call
HOUSTON, April 08, 2025--(BUSINESS WIRE)--Nine Energy Service, Inc. (NYSE: NINE) announced today that it has scheduled its first quarter 2025 earnings conference call for Thursday, May 8, 2025, at 9:00 am Central Time. During the call, Nine will discuss its financial and operating results for the quarter ended March 31, 2025, which are expected to be released prior to the conference call. Participants may join the live conference call by dialing U.S. (Toll Free): (877) 524-8416 or International: (412) 902-1028 and ask for the "Nine Energy Service Earnings Call". Participants are encouraged to dial into the conference call ten to fifteen minutes before the scheduled start time to avoid any delays entering the earnings call. For those who cannot listen to the live call, a telephonic replay of the call will be available through May 22, 2025, and may be accessed by dialing U.S. (Toll Free): (877) 660-6853 or International: (201) 612-7415 and enter passcode 13751414. About Nine Energy Service Nine Energy Service is an oilfield services company that offers completion solutions within North America and abroad. The Company brings years of experience with a deep commitment to serving clients with smarter, customized solutions and world-class resources that drive efficiencies. Serving the global oil and gas industry, Nine continues to differentiate itself through superior service quality, wellsite execution and cutting-edge technology. Nine is headquartered in Houston, Texas with operating facilities in the Permian, Eagle Ford, Haynesville, SCOOP/STACK, Niobrara, Barnett, Bakken, Marcellus, Utica and Canada. For more information on the Company, please visit Nine's website at View source version on Contacts Nine Energy Service Investor Contact: Heather SchmidtSenior Vice President, Strategic Development and Investor Relations(281) 730-5113investors@ Sign in to access your portfolio
