Filing Flows › Nine Energy Service (NINE) › Q4 2024
Nine Energy Service (NINE) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 6, 2025
Nine Energy Service (NINE) reported revenue of $141M for the fourth quarter 2024 (Q4 2024), -2% from a year earlier and +2% from the quarter before. Operating margin was 2.5%, net loss $8.8M (6.3% of revenue).
Nine Energy Service, Q4 2024: revenue $141M (-2% year over year), operating margin 2.5%, net loss $8.8M, operating cash flow $15.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $141M | +2% | -2% |
| Operating profit | $3.5M | — | — |
| Net earnings | −$8.8M | — | — |
| Operating cash flow | $15.0M | — | -38% |
| Free cash flow | $11.8M | — | -26% |
What changed
Revenue was $141.4M in Q4 2024, down 2% year over year and up 2% from the previous quarter. Cement was the largest line at 39% of revenue.
Operating profit was $3.5M, a 2.5% margin (up 1.0 points year over year). Total costs fell 3% while revenue fell 2%. The fastest-growing cost line was General & admin (+11%). The quarter ended with a net loss of $8.8M, narrower than the previous quarter's $10.1M loss. Net interest and other expense of $12.5M was the main reason.
Operating cash flow was $15.0M (down 38% year over year). Non-cash charges added back $8.8M of depreciation and amortization and $721K of share-based compensation. Working capital and other items added $14.3M. Capital expenditures of $3.2M left free cash flow of $11.8M.
Questions
What was Nine Energy Service's revenue in the fourth quarter 2024?
Nine Energy Service (NINE) reported revenue of $141M for the fourth quarter 2024 (Q4 2024), -2% from a year earlier and +2% from the quarter before.
Was Nine Energy Service profitable in the fourth quarter 2024?
Operating profit was $3.5M (2.5% of revenue) and net loss $8.8M.