Nine Energy Services (NINE) Misses Q2 EPS by 13c, Revenues Miss
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Nine Energy Service Announces Second Quarter 2020 Results
August 6, 2020 6:00 AM EDTAs of June 30, 2020, cash and cash equivalents of $88.7 million Revenue, net loss and adjusted EBITDAA of $52.7 million, $(24.2) million and $(11.0) million, respectively, for the second quarter of 2020 Second quarter basic EPS of $(0.81)
HOUSTON--(BUSINESS WIRE)-- Nine Energy Service, Inc. ("Nine" or the "Company") (NYSE: NINE) reported second quarter 2020 revenues of $52.7 million, net loss of $(24.2) million and adjusted EBITDA of $(11.0) million. For the second quarter 2020, adjusted net lossB was $(33.7) million, or $(1.13) adjusted basic earnings per shareC.
In response to the extreme reduction in demand related to the COVID-19 pandemic,... More
