Nine Energy Service beats Q2 revenue estimates
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Nine Energy Service reported Q2 2025 revenue of $147.3 million, surpassing analyst expectations of $143.6 million, despite a net loss of $10.4 million due to US rig declines. Completion Tool and Wireline revenues rose 9% and 11% QoQ, respectively. The company anticipates a decline in Q3 revenue and earnings but maintains full-year capex guidance of $15 million to $25 million. Analysts rate the stock as 'sell,' with a median 12-month price target of $0.75, slightly above its recent closing price of $0.71.
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