April 16, 2021
Business News

Nine Energy Service Announces Fourth Quarter and Full Year 2020 Results

HOUSTON–()–Nine Energy Service, Inc. (“Nine” or the “Company”) (NYSE: NINE) reported fourth quarter 2020 revenues of $62.0 million, net loss of $(35.4) million and adjusted EBITDA of $(13.9) million. For the fourth quarter 2020, adjusted net lossB was $(35.7) million, or $(1.20) adjusted basic loss per shareC.

“As anticipated, holiday and weather shutdowns were not as pronounced as we have seen historically during the fourth quarter,” said Ann Fox, President and Chief Executive Officer, Nine Energy Service. “Activity improvements are reflected in our 25% increase in revenue quarter over quarter; however, a combination of continued pricing pressure, as well as one-off, non-cash items negatively affected…

Click here to view the original article.

Related Posts

You might also like ...

Heritage Cannabis Holdings Corp. Reports Annual General and Special Meeting Results
KBRA Assigns Ratings to BXMT 2021-FL4
JetBlue Arrives in Guatemala City with First Flights to Airline’s Newest International Destination