Nine Energy Service,Inc., the Texas-based company with operations in Oklahoma’s STACK and SCOOP plays plans a release of its second quarter earnings in early August.
The company will release the financial and operating results for the quarter ended June 30 before it holds a conference call Wednesday, August 6 at 9 a.m. central time.
What will prove to be noteworthy is how Nine Energy has responded to challenging times. Its first quarter earnings showed a net losos of $7.1 million and first quarter 2025 revenues of $150.5 million.
“Despite the average US rig count remaining flat quarter over quarter, we increased our revenue by approximately 6%, with revenue coming in the upper end of the originally provided guidance,” said Ann Fox, President and Chief Executive Officer, Nine Energy Service.
But the Houston company also was warned by the New York Stock Exchange in early May it was in noncompliance because the average closing price of its common stock had fallen below $1 over a period of 30 consecutive trading days.
