Nine Energy Service Announces Fourth Quarter and Full Year 2019 Results
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Nine Energy Services (NINE) Misses Q4 EPS by 9c, Revenues Beat
March 9, 2020 6:32 AM EDTNine Energy Services (NYSE: NINE) reported Q4 EPS of ($0.57), $0.09 worse than the analyst estimate of ($0.48). Revenue for the quarter came in at $163.41 million versus the consensus estimate of $155.17 million.
The fourth quarter was as anticipated, with revenue outperforming and adjusted EBITDA falling within Managements original guidance range, said Ann Fox, President and Chief Executive Officer, Nine Energy Service. Additionally, we continued our strong working capital management into Q4, ending the year with a cash balance of $93.0 million even with interest, capex and the retention bonus associated with the Magnum acquisition during the fourth... More
