The oilfield services firm projects adjusted EBITDA of $10M-$15M for Q2 2026 following its Chapter 11 restructuring.
Nine Energy Service forecast Q2 2026 revenue between $136 million and $146 million, alongside adjusted EBITDA of $10 million to $15 million. The guidance follows the company’s emergence from Chapter 11 bankruptcy, aiming to stabilize operations after financial distress.
In Q1 2026, the company reported $130 million in revenue and $3 million in adjusted EBITDA, which included a $5.5 million inventory write-down. The prior quarter’s results reflected ongoing challenges in the energy services sector, though management signaled cautious optimism for recovery.
The updated outlook suggests modest sequential improvement, aligning with broader industry trends as oilfield activity shows signs of stabilization.