Nine Energy Service, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 07, 2024 at 05:16 pm EST
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Nine Energy Service, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 144.07 million. Net loss was USD 10.31 million. Basic loss per share from continuing operations was USD 0.3. Diluted loss per share from continuing operations was USD 0.3.
For the full year, sales was USD 609.53 million compared to USD 593.38 million a year ago. Net loss was USD 32.21 million compared to net income of USD 14.39 million a year ago. Basic loss per share from continuing operations was USD 0.97 compared to basic earnings per share from continuing operations of USD 0.47 a year ago. Diluted loss per share from continuing operations was USD 0.97 compared to diluted earnings per share from continuing operations of USD 0.45 a year ago.
Nine Energy Service, Inc. is an oilfield services company that offers completion solutions within North America and abroad. The Company partner with its exploration and production (E&P) customers to design and deploy downhole solutions and technology to prepare horizontal, multistage wells for production. The Company provide its comprehensive completion solutions across a diverse set of well-types, including on the complex, technically demanding unconventional wells. It offers variety of completion applications and technologies to match customer needs across the broadest addressable completions market. Its comprehensive well solutions range from cementing the well at the initial stages of the completion, preparing the well for stimulation, isolating all the stages of an extended reach lateral, and the drilling out of isolation tools. The Company provides services integral to the completion of unconventional wells through a range of tools and methodologies.
NINE ENERGY SERVICE, INC. 
