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Nine Energy Service (NINE) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 5, 2026 · Nine Energy Service (NINE) Q2 2026 earnings results →
Q2 2026 Revenue down 4% year over year to $142M · 3¢ of every $1 of revenue lost · operating margin -2.0%
Nine Energy Service made $142M in Q2 2026 (-4% Y/Y): Service $105M, Product $37.1M. Operating margin -2.0%, net loss $4.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $141.8M in Q2 2026, down 4% year over year. Cement was the largest line at 39% of revenue. Wireline lost $10.0M year over year (down 30%), 184% of the total change.
Operating costs exceeded revenue by $2.9M, an operating margin of -2.0%. Total costs grew 1% against a revenue fall of 4%. The fastest-growing cost line was General & admin (+13%). The quarter ended with a net loss of $4.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 5, 2026 | $142M | -4% | -2.0% | −$4.9M | — |
| Q4 2025 | 10-K | Mar 4, 2026 | $132M | -6% | -4.2% | −$19.2M | −$2.2M |
| Q3 2025 | 10-Q | Oct 30, 2025 | $132M | -4% | -0.9% | −$14.6M | −$9.9M |
| Q2 2025 | 10-Q | Aug 5, 2025 | $147M | +11% | 2.3% | −$10.4M | $10.1M |
| Q1 2025 | 10-Q | May 7, 2025 | $150M | +6% | 3.7% | −$7.1M | −$5.3M |
| Q4 2024 | 10-K | Mar 6, 2025 | $141M | -2% | 2.5% | −$8.8M | $15.0M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Nine Energy Service
Nine Energy Service, Inc. (either individually or together with its subsidiaries, as the context requires, the “Company,” “Nine,” “we,” “us,” and “our”) is a Delaware corporation that was formed in February 2013 through a combination of three service companies owned by SCF Partners, L.P. or its affiliates. Nine is a leading completion services provider that targets unconventional oil and gas resource development across North American basins and abroad. We partner with our exploration and production (“E&P”) customers to design and deploy downhole solutions and technology to prepare horizontal, multistage wells for production. We focus on providing our customers with cost-effective and comprehensive completion solutions designed to maximize their production levels and operating efficiencies.
In its own words, from its 10-K, filed Mar 4, 2026.
Nine Energy Service against its Oil & Gas Field Services, NEC peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -4% against the peers' median +6%. Operating margin: -2.0% against the peers' median 1.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| NINE Nine Energy Service | Q2 2026 | $142M | -4% | -2.0% |
| SLB SLB Limited | Q3 2026 | $9.4B | +6% | 10.8% |
| HAL Halliburton | Q3 2026 | $5.7B | +2% | 10.9% |
| LBRT Liberty Energy | Q3 2026 | $1.2B | +26% | 1.6% |
| OII Oceaneering International | Q3 2026 | $785M | +6% | 11.7% |
| NESR National Energy Services Reunited | Q2 2026 | $521M | +59% | 12.5% |
| ACDC ProFrac Holding | Q3 2026 | $511M | +27% | -6.7% |
| RES RPC | Q3 2026 | $468M | +5% | -11.5% |
| XPRO Expro | Q3 2026 | $440M | +7% | 1.1% |
Source: Nine Energy Service 10-Q on SEC EDGAR · CIK 1532286 · Oil & Gas Field Services, NEC
13F: who owns NINE and who is buying
More on NINE
History
Every quarter: Q2 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results
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