九能服务2025年季度报告

FORM10-Q (Mark One) For the quarterly period endedMarch 31, 2025OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Nine Energy Service, Inc. (Exact name of registrant as specified in its charter)__________________________________________________________________ 2001 Kirby Drive, Suite 200Houston,TX77019(Address of principal executive offices) (Zip Code)(281)730-5100 Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filingrequirements for the past 90 days.Yes x No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit suchfiles).Yes x No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company”in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐NoThe number of shares of the registrant’s common stock, par value $0.01 per share, outstanding at May5, 2025 was42,348,643. TABLE OF CONTENTS PART I Item 1.Financial Statements (Unaudited)Condensed Consolidated Balance SheetsCondensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) Condensed Consolidated Statements of Stockholders’ Equity (Deficit) CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements that are subject to a number of risks and uncertainties, manyof which are beyond our control. All statements other than statements of historical fact, including those regarding our strategy, futureoperations, financial position, estimated revenues and losses, projected costs, prospects, plans, and objectives of management, are forward-looking statements. When used in this Quarterly Report on Form 10-Q, the words “could,” “believe,” “anticipate,” “intend,” “estimate,” All forward-looking statements speak only as of the date of this Quarterly Report on Form 10-Q; we disclaim any obligation to updatethese statements unless required by law, and we caution you not to place undue reliance on them. Although we believe that our plans, We disclose important factors that could cause our actual results to differ materially from our expectations under “Risk Factors” inItem 1A of Part I in our Annual Report on Form 10-K for the year ended December31, 2024 and in Item 1A of Part II in this Quarterly Report •Our business is cyclical and depends on capital spending and well completions by the onshore oil and natural gas industry, and thelevel of such activity is volatile and strongly influenced by current and expected oil and natural gas prices. If the prices of oil andnatural gas decline, our business, financial condition, results of operations, cash flows, and prospects may be materially and adverselyaffected. Significant factors that are likely to affect near-term commodity prices include geopolitical and economic developments inthe U.S. and globally, including conflicts, tariffs imposed by the U.S. and other countries or retaliatory trade measures, instability, acts •Inflation may adversely affect our financial position and operating results; in particular, cost inflation with labor or materials couldoffset any price increases for our products and services. •If we are unable to attract and retain key employees, technical personnel, and other skilled and qualified workers, our business,financial condition, or results of operations could suffer. •We may be unable to maintain existing prices or implement price increases on our products and services, and intense competition inthe markets for our dissolvable plug products may lead to pricing pressures, reduced sales, or reduced market share. •Our substantial debt obligations could have significant adverse consequences on our business and future prospects, and restrictions inour debt agreements could limit our growth and our ability to engage in certain activities. •Tariffs and other trade measures could adversely affect our business, results of operations,