Nine Energy

Q2 FY2026 EarningsQ2 FY2026 results showed mixed performance with revenue slightly beating consensus at $141.8M vs. $140.8M expected. However, profitability was significantly lower than anticipated, with a GAAP net loss of $4.9M and GAAP EPS of -$0.35, missing the consensus of -$0.055. Margin compression in the Coiled Tubing business, driven by equipment downtime (17% of large-diameter fleet) and inflationary pressures on consumables and labor, was the primary detractor. Management issued cautious Q3 guidance, projecting revenue and profitability to be flat to modestly down sequentially.