Nine Energy Service Q3 revenue rises sequentially on cementing demand, market-share gains
NINE•Nine Energy Service reported Q3 revenue of $142 million and a net loss of $5.1 million. It expects Q4 revenue to be flat with modestly higher profitability and maintained its 2026 capital expenditure guidance of $20 million to $30 million.
1. Q3 results
Nine Energy Service reported Q3 revenue of $142 million and a net loss of $5.1 million. Cementing revenue rose 11% sequentially on higher customer demand, increased activity and market-share gains.
2. Offsets and outlook
Coiled tubing operating constraints, including an out-of-service large-diameter unit, and lower international completion tools activity offset cementing gains. The company expects U.S. activity improvement to continue into Q4 2026, with revenue flat and profitability modestly higher. It maintained 2026 capital expenditure guidance of $20 million to $30 million.
