Nine Energy Service Announces Second Quarter 2019 Results

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Nine Energy Services (NINE) Tops Q2 EPS by 5c

August 12, 2019 6:01 AM EDT

Nine Energy Services (NYSE: NINE) reported Q2 EPS of $0.30, $0.05 better than the analyst estimate of $0.25. Revenue for the quarter came in at $237.5 million versus the consensus estimate of $237.9 million.

Revenue, net income and adjusted EBITDAA of $237.5 million, $6.1 million and $38.0 million, respectively for the second quarter of 2019Second quarter basic EPS of $0.21 and $0.30 adjusted basic EPSBSecond quarter 2019 ROICc of 7%

The first quarter was in-line with what we anticipated, with both revenue and adjusted EBITDA falling within the range of Managements original guidance, said Ann Fox, President... More