NINE - Nine Energy Service Non-GAAP EPS of -$0.01 beats by $0.01 revenue of $142.35M beats by $4.93M
- Nine Energy Service press release ( NYSE: NINE ): Q2 Non-GAAP EPS of -$0.01 beats by $0.01 .
- Revenue of $142.35M (+67.8% Y/Y) beats by $4.93M .
- CEO comment: “We remain very optimistic on the market, and we continue to implement net price increases, enabling us to drive strong incremental margins again this quarter. The outlook for the remainder of 2022 and 2023 is positive. It is difficult to gauge the magnitude of any potential recessionary pressures, however, we believe North American shale and short-cycle projects will be vital for global supply. Additionally, oilfield service companies, including Nine, are demonstrating capital discipline, which has limited available equipment in the market. Any capital equipment orders being placed are delayed up to 12 months and will need to be staffed. This backdrop sets up very well for Nine. Commodity prices remain very supportive for our customers, and we anticipate we will continue to increase prices throughout the remainder of 2022 and into 2023.”
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Nine Energy Service Non-GAAP EPS of -$0.01 beats by $0.01, revenue of $142.35M beats by $4.93M