Nine Energy Service (NINE) reported second-quarter 2026 revenue of $141.8 million, a net loss of $4.9 million and losses of $0.35 per diluted and basic share. Adjusted EBITDA was $8.6 million.
The Houston-based oilfield services company said revenue increased sequentially and was within its guidance range, while adjusted EBITDA was below guidance. Nine cited margin compression in Coiled Tubing, inflationary cost pressures and maintenance-related issues affecting two large-diameter coiled tubing units.
- Second-quarter gross profit was $12.8 million, and adjusted gross profit was $19.9 million.
- Total liquidity was $46.8 million as of June 30, 2026, including $16.8 million in cash and cash equivalents and $30.0 million of availability under its revolving credit facility.
- Capital expenditures totaled $4.8 million during the second quarter, and full-year 2026 capital expenditure guidance remained $20 million to $30 million.
- Nine said it expects third-quarter revenue and profitability to be flat to modestly down compared with the second quarter.
- The company said Completion Tools delivered a strong quarter, Cementing remained a steady contributor and Wireline continued its Haynesville Basin expansion.
$NINE Hedge Fund Activity
We have seen 14 institutional investors add shares of $NINE stock to their portfolio, and 2 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PHILOSOPHY CAPITAL MANAGEMENT LLC added 2,551,128 shares (+inf%) to their portfolio in Q1 2026, for an estimated $20,919,249
- ADAGE CAPITAL PARTNERS GP, L.L.C. added 1,355,149 shares (+inf%) to their portfolio in Q1 2026, for an estimated $11,112,221
- ALGEBRIS (UK) LTD added 789,895 shares (+inf%) to their portfolio in Q1 2026, for an estimated $6,477,138
- GENDELL JEFFREY L added 784,501 shares (+inf%) to their portfolio in Q1 2026, for an estimated $6,432,908
- NOMURA HOLDINGS INC added 502,053 shares (+inf%) to their portfolio in Q1 2026, for an estimated $4,116,834
- CYGNUS CAPITAL ADVISORS, LLC added 455,058 shares (+inf%) to their portfolio in Q1 2026, for an estimated $3,731,475
- MACKENZIE FINANCIAL CORP added 361,301 shares (+inf%) to their portfolio in Q1 2026, for an estimated $2,962,668
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
