Nine Energy Service Announces Third Quarter 2024 Results
1. NINE reported Q3 2024 revenues of $138.2 million, a 4% increase. 2. Cementing revenue rose by 12%, despite a declining US rig count. 3. Anticipated Q4 revenue and profitability will decline due to seasonal factors. 4. NINE's liquidity was strong at $43.3 million as of September 30, 2024. 5. 2025 outlook remains positive if commodity prices stabilize and budgets reset.