Nine Energy Service Inc (NINE)

AMEXEnergyOil & Gas Equipment & ServicesSnapshot 2026-10-26

$7.94+3.12%

Close 2026-10-26 · 1-day change

Investment OutlookAs of Oct 26, 2026

What could strengthen or challenge Nine Energy Service Inc’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Oct 4, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

Comparable estimates unavailable

+10% or more+5%0%−5%−10% or less

A matching fiscal period and sufficient coverage are required.

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

The calculation requires same-period, same-provider snapshots, positive EPS, at least five analysts and a baseline within three days of the requested lookback.

Measure / period	Management expectations	Analyst expectations
Quarter ending 2026-12-30
Revenue	—	140.15M
EPS	—	-0.235
Annual ending 2026-12-31
Revenue	—	550.9M
EPS	—	4.56
Annual ending 2027-12-31
Revenue	—	606.35M
EPS	—	0.55

Management figures unavailable.

What the Thesis Depends On

Three published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Cash flow from operations must stabilize	A supporting condition in Nine Energy Service Inc's published investment case. The stated target is >=0.	Under Pressure	cash flow from operations remains negative for the current fiscal year	Cash from operations: $-2.296M FY2026-Q2; GAAP. Published target: >=0. Target period is not explicitly aligned with this observation. Source published Jun 30, 2026-2,296,000 USD · source valueSource reportLast status assessment Oct 26, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: stock_quarterly_financials_fmp. Reference: 2026-Q2. Source status: unverified. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 3 of last 6 quarters. Cash flow from operations was negative $5.3M in 2025-Q1 and improved slightly to negative $4.7M in 2026-Q2. The trajectory shows limited progress in stabilizing cash flow but remains a focus. Delivery assessment Oct 26, 2026
Operating income must turn positive	A supporting condition in Nine Energy Service Inc's published investment case. The stated target is >=0.	Broken	operating income remains negative for the current fiscal year	Operating income: $-3.745M FY2026-Q2; GAAP. Published target: >=0. Target period is not explicitly aligned with this observation. Source published Aug 5, 2026-3,745,000 USD · source valueSource reportLast status assessment Oct 26, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: 5d82334f-ef96-4df9-a109-0ac0886b958d. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 6 of last 6 quarters. Net losses improved from $19.2M in 2025-Q4 to $6.1M in 2026-Q2, showing a significant reduction in losses. The trajectory indicates delivering progress toward improved profitability. Delivery assessment Oct 26, 2026
Revenue growth must continue to improve	A primary condition in Nine Energy Service Inc's published investment case. The stated target is >=550M.	Intact	falls below $550M in revenue for the current fiscal year	Revenue: $183.409M FY2026-Q2; GAAP. Published target: >=550M. Target period is not explicitly aligned with this observation. Source published Aug 5, 2026183,409,000 USD · source valueSource reportLast status assessment Oct 26, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: 5d82334f-ef96-4df9-a109-0ac0886b958d. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 6 of last 6 quarters. Revenue grew from $132.2M in 2025-Q4 to $183.4M in 2026-Q2, while operating income improved from a loss of $5.5M to a smaller loss of $3.7M. The trajectory shows progress in revenue growth and narrowing operating losses, indicating partial delivery on this priority. Delivery assessment Oct 26, 2026

Stored thesis · Oct 4, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS: comparable history unavailable.

FY2027 revenue: comparable history unavailable.

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-09-07	Unavailable	Unavailable	2 / 2
2026-09-08	Unavailable	Unavailable	2 / 2
2026-09-09	Unavailable	Unavailable	2 / 2
2026-09-10	Unavailable	Unavailable	2 / 2
2026-09-11	Unavailable	Unavailable	2 / 2
2026-09-12	Unavailable	Unavailable	2 / 2
2026-09-13	Unavailable	Unavailable	2 / 2
2026-09-14	Unavailable	Unavailable	2 / 2
2026-09-15	Unavailable	Unavailable	2 / 2
2026-09-16	Unavailable	Unavailable	2 / 2
2026-09-17	Unavailable	Unavailable	2 / 2
2026-09-18	Unavailable	Unavailable	2 / 2
2026-09-19	Unavailable	Unavailable	2 / 2
2026-09-20	Unavailable	Unavailable	2 / 2
2026-09-21	Unavailable	Unavailable	2 / 2
2026-09-22	Unavailable	Unavailable	2 / 2
2026-09-23	Unavailable	Unavailable	2 / 2
2026-09-24	Unavailable	Unavailable	2 / 2
2026-09-25	Unavailable	Unavailable	2 / 2
2026-09-26	Unavailable	Unavailable	2 / 2
2026-09-27	Unavailable	Unavailable	2 / 2
2026-09-28	Unavailable	Unavailable	2 / 2
2026-09-29	Unavailable	Unavailable	2 / 2
2026-09-30	Unavailable	Unavailable	2 / 2
2026-10-01	Unavailable	Unavailable	2 / 2
2026-10-02	Unavailable	Unavailable	2 / 2
2026-10-03	Unavailable	Unavailable	2 / 2
2026-10-04	Unavailable	Unavailable	2 / 2
2026-10-05	Unavailable	Unavailable	2 / 2
2026-10-06	Unavailable	Unavailable	2 / 2
2026-10-07	Unavailable	Unavailable	2 / 2
2026-10-08	Unavailable	Unavailable	2 / 2
2026-10-09	Unavailable	Unavailable	2 / 2
2026-10-10	Unavailable	Unavailable	2 / 2
2026-10-11	Unavailable	Unavailable	2 / 2
2026-10-12	Unavailable	Unavailable	2 / 2
2026-10-13	Unavailable	Unavailable	2 / 2
2026-10-14	Unavailable	Unavailable	2 / 2
2026-10-15	Unavailable	Unavailable	2 / 2
2026-10-16	Unavailable	Unavailable	2 / 2
2026-10-17	Unavailable	Unavailable	2 / 2
2026-10-18	Unavailable	Unavailable	2 / 2
2026-10-19	Unavailable	Unavailable	2 / 2
2026-10-20	Unavailable	Unavailable	2 / 2
2026-10-21	Unavailable	Unavailable	2 / 2
2026-10-22	Unavailable	Unavailable	2 / 2
2026-10-23	Unavailable	Unavailable	2 / 2
2026-10-24	Unavailable	Unavailable	2 / 2
2026-10-25	Unavailable	Unavailable	2 / 2
2026-10-26	Unavailable	Unavailable	2 / 2

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold	Sell*
2026-05-01	0	0	0
2026-06-01	0	0	0
2026-07-01	0	0	0
2026-08-01	0	0	0
2026-09-01	0	0	0
2026-10-01	0	0	0

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 0 Buy / Strong Buy · 0 Hold · 0 Sell / Strong Sell

0 upgrades0 downgrades0 maintains

Recent actions · Sep 27–Oct 26 · 0 recorded

Price-target changes

30 days

Individual price-target observations are unavailable.

0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Sep 27, 2026–Oct 26, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Cash flow from operations must stabilizePublished status: Under Pressure
Operating income must turn positivePublished status: Broken
Revenue growth must continue to improveRevenue: $183.409M

Next proof point

Nov 9, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

2.6%Typical daily move · historical

Downside history

-56.9%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Nine Energy Service Inc outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

NINE is a high-risk, loss-making energy services business with a possible recovery path, rather than an established durable compounder. Its long-term thesis is on watch: revenue has grown and losses have narrowed, but financial performance remains weak and management execution is rated volatile.

What's priced into Nine Energy Service Inc

The valuation evidence says NINE is cheap versus peers, and the expectations gap is negative, so expectations appear cautious. The priced-in assessment calls the setup justified, with low fragility because the concern is a turbulent sector regime rather than a combined expensive, weak, and turbulent setup. Valuation has risen recently, though the evidence does not quantify what business improvement the market assumes.

What the fundamentals likely do

Near term, continued revenue growth and narrower operating and net losses would support management’s stated priorities, but cash flow from operations remains negative and progress on stabilizing it is limited. The latest evidence shows a smaller net loss and an earnings beat, yet recent performance remains well below the industry cohort, and the next results carry elevated miss risk.

What Nine Energy Service Inc hinges on

Over the next few quarters, the favorable case depends partly on energy-sector bellwethers continuing to report strong results and raise guidance. If they weaken, or if the jobs trend fuels recession concerns, the sector tailwind could fade and cyclical businesses such as NINE could face more pressure. The multi-year thesis also depends on turning revenue growth and loss reduction into steadier operating cash flow and sustained profitability.