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Stock impact report

Nine Energy Service Announces Second Quarter 2024 Results [Yahoo! Finance]

Nine Energy Service, Inc. (NINE) 
Last nine energy service, inc. earnings: 3/9 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: nineenergyservice.com/about/our-leadership
Company Research Source: Yahoo! Finance
Total liquidity as of June 30, 2024 of $50.8 million Updated 2024 full-year capex guidance of $10 - $15 million During Q2, surpassed 300 total refrac jobs run to-date HOUSTON, August 05, 2024 BUSINESS WIRE )--Nine Energy Service, Inc. ("Nine" or the "Company") (NYSE: NINE) reported second quarter 2024 revenues of $132.4 million, net loss of $(14.0) million, or $(0.40) per diluted share and $(0.40) per basic share, and adjusted EBITDA of $9.7 million. The Company had provided original second quarter 2024 revenue guidance between $130.0 and $140.0 million, with actual results coming within the provided range. "The US rig count continued to decline during Q2, which impacted both our revenue and earnings. Since the end of 2023, over 40 additional rigs have come out of the market, following a year in which we had 150 rigs exit. As a spot-market business, our revenue and earnings are correlated closely with the US rig count," said Ann Fox, President and Chief Executive Officer, Nin Show less Read more
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