Nine Energy Service Announces First Quarter 2020 Results

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Go back to Nine Energy Service Announces First Quarter 2020 Results

Nine Energy Services (NINE) Misses Q1 EPS by 14c, Revenues Miss

May 7, 2020 6:37 AM EDT

Nine Energy Services (NYSE: NINE) reported Q1 EPS of ($0.51), $0.14 worse than the analyst estimate of ($0.37). Revenue for the quarter came in at $146.62 million versus the consensus estimate of $158.96 million.

Revenue, net loss and adjusted EBITDAA of $146.6 million, $(300.9) million and $10.3 million, respectively for the first quarter of 2020First quarter basic EPS of $(10.22) and $(0.51) adjusted basic EPSBAs of March 31, 2020, cash and cash equivalents of $90.1 million

This quarter, revenue fell slightly below managements original guidance. Adjusted EBITDA fell within the range of managements original guidance, but we did... More