Nine Energy Service Announces Fourth Quarter and Full Year 2020 Results
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Nine Energy Services (NINE) Misses Q4 EPS by 36c, Revenues Beat
March 8, 2021 6:32 AM ESTNine Energy Services (NYSE: NINE) reported Q4 EPS of ($1.20), $0.36 worse than the analyst estimate of ($0.84). Revenue for the quarter came in at $62 million versus the consensus estimate of $56.55 million.
As of December 31, 2020, cash and cash equivalents of $68.9 millionFull year 2020 revenue, net loss and adjusted EBITDAA of $310.9 million, $(378.9) million and $(25.8) million, respectivelyRevenue, net loss and adjusted EBITDA of $62.0 million, $(35.4) million and $(13.9) million, respectively, for the fourth quarter of 2020Fourth quarter 2020 basic loss per share of $(1.18)As anticipated, holiday and weather shutdowns were not as pronounced as we have... More
