Nine Energy Service (NINE) Revenue & Revenue Breakdown
Nine Energy Service Revenue Highlights
Latest Revenue (Y)
$609.53M
Latest Revenue (Q)
$132.40M
Main Segment (Y)
Cement
Main Geography (Y)
UNITED STATES
Nine Energy Service Revenue by Period
Nine Energy Service Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $609.53M | 2.72% |
| 2022-12-31 | $593.38M | 69.82% |
| 2021-12-31 | $349.42M | 12.41% |
| 2020-12-31 | $310.85M | -62.68% |
| 2019-12-31 | $832.94M | 0.70% |
| 2018-12-31 | $827.17M | 52.15% |
| 2017-12-31 | $543.66M | 92.55% |
| 2016-12-31 | $282.35M | -40.99% |
| 2015-12-31 | $478.52M | -27.85% |
| 2014-12-31 | $663.19M | - |
Nine Energy Service generated $609.53M in revenue during NA 2023, up 2.72% compared to the previous quarter, and up 73.69% compared to the same period a year ago.
Nine Energy Service Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $132.40M | -6.84% |
| 2024-03-31 | $142.12M | -1.36% |
| 2023-12-31 | $144.07M | 2.46% |
| 2023-09-30 | $140.62M | -12.89% |
| 2023-06-30 | $161.43M | -1.21% |
| 2023-03-31 | $163.41M | -1.96% |
| 2022-12-31 | $166.67M | -0.46% |
| 2022-09-30 | $167.43M | 17.62% |
| 2022-06-30 | $142.35M | 21.73% |
| 2022-03-31 | $116.94M | 11.27% |
| 2021-12-31 | $105.09M | 13.16% |
| 2021-09-30 | $92.87M | 9.47% |
| 2021-06-30 | $84.83M | 27.33% |
| 2021-03-31 | $66.63M | 7.51% |
| 2020-12-31 | $61.97M | 25.14% |
| 2020-09-30 | $49.52M | -6.09% |
| 2020-06-30 | $52.73M | -64.03% |
| 2020-03-31 | $146.62M | -10.27% |
| 2019-12-31 | $163.41M | -19.23% |
| 2019-09-30 | $202.31M | -14.83% |
| 2019-06-30 | $237.52M | 3.40% |
| 2019-03-31 | $229.71M | 0.11% |
| 2018-12-31 | $229.45M | 5.05% |
| 2018-09-30 | $218.43M | 6.29% |
| 2018-06-30 | $205.49M | 18.23% |
| 2018-03-31 | $173.81M | 12.66% |
| 2017-12-31 | $154.28M | 4.13% |
| 2017-09-30 | $148.17M | 9.06% |
| 2017-06-30 | $135.86M | 28.96% |
| 2017-03-31 | $105.35M | 31.71% |
| 2016-12-31 | $79.99M | 8.68% |
| 2016-09-30 | $73.59M | - |
Nine Energy Service generated $132.40M in revenue during Q2 2024, up -6.84% compared to the previous quarter, and up 81.02% compared to the same period a year ago.
Nine Energy Service Revenue Breakdown
Nine Energy Service Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Wireline | $116.92M | $107.35M | $72.44M | - | - |
| Cement | $224.76M | $229.41M | $114.18M | - | - |
| Coiled Tubing | $122.55M | $118.60M | $62.00M | - | - |
| Tools | $145.29M | $138.02M | $100.80M | - | - |
| Completion Solutions | - | - | - | $310.85M | $774.66M |
| Production Solutions | - | - | - | - | $58.27M |
Nine Energy Service's latest annual revenue breakdown by segment (product or service), as of Dec 23: Cement (36.87%), Tools (23.84%), Coiled Tubing (20.11%), and Wireline (19.18%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Sep 22 | Jun 22 | Mar 22 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Coiled Tubing | $30.72M | $27.67M | $27.87M | $33.49M | $33.53M | $33.42M | $27.66M | $21.58M | - | - | - | - | - | - | - | - | - | - | - | - |
| Cement | $48.29M | $52.31M | $51.87M | $58.12M | $62.46M | $63.90M | $55.23M | $45.24M | - | - | - | - | - | - | - | - | - | - | - | - |
| Tools | $35.23M | $36.09M | $32.56M | $38.85M | $37.79M | $40.80M | $33.13M | $28.71M | - | - | - | - | - | - | - | - | - | - | - | - |
| Wireline | $27.89M | $28.00M | $28.32M | $30.96M | $29.63M | $29.31M | $26.33M | $21.40M | - | - | - | - | - | - | - | - | - | - | - | - |
| Completion Solutions | - | - | - | - | - | - | - | - | $92.87M | $84.83M | $66.63M | $49.52M | $52.73M | $146.62M | $163.41M | $186.25M | $215.87M | $209.13M | $208.95M | - |
| Service | - | - | - | - | - | - | - | - | - | - | - | $44.01M | - | - | - | - | - | - | - | - |
| Product | - | - | - | - | - | - | - | - | - | - | - | $17.96M | - | - | - | - | - | - | - | - |
| Production Solutions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $16.05M | $21.65M | $20.57M | $20.50M |
Nine Energy Service's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Cement (33.98%), Tools (24.79%), Coiled Tubing (21.61%), and Wireline (19.62%).
Nine Energy Service Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| UNITED STATES | $602.34M | $591.61M | $347.44M | $309.21M | $814.64M |
| Canada And Other | $7.18M | - | - | - | - |
| CANADA | - | $1.77M | $1.97M | - | - |
| Non-US | - | - | - | $1.65M | $18.30M |
Nine Energy Service's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (98.82%), and Canada And Other (1.18%).
Quarterly Revenue by Country
| Country | Jun 18 | Mar 18 |
|---|---|---|
| CANADA | $8.06M | $7.10M |
| UNITED STATES | $197.43M | $166.71M |
Nine Energy Service's latest quarterly revenue breakdown by geography, as of Jun 18: UNITED STATES (96.08%), and CANADA (3.92%).
Nine Energy Service Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| LBRT | Liberty Energy | $4.75B | $1.16B |
| CHX | ChampionX | $3.76B | $893.27M |
| NEX | NexTier Oilfield Solutions | $3.24B | $945.09M |
| EFXT | Enerflex | $3.16B | $860.40M |
| ACDC | ProFrac | $2.63B | $579.40M |
| HLX | Helix Energy Solutions Group | $1.29B | $364.80M |
| WHD | Cactus | $1.10B | $290.39M |
| NR | Newpark Resources | $749.60M | $179.01M |
| NINE | Nine Energy Service | $609.53M | $132.40M |
| SOI | Solaris Oilfield Infrastructure | $292.95M | $73.89M |
| GEOS | Geospace | $124.51M | $25.86M |
| PFIE | Profire Energy | $58.21M | $13.64M |
| DRQ | Dril-Quip | $2.56M | $110.30M |
NINE Revenue FAQ
What is Nine Energy Service’s yearly revenue?
Nine Energy Service's yearly revenue for 2023 was $609.53M, representing an increase of 2.72% compared to 2022. The company's yearly revenue for 2022 was $593.38M, representing an increase of 69.82% compared to 2021. NINE's yearly revenue for 2021 was $349.42M, representing an increase of 12.41% compared to 2020.
What is Nine Energy Service’s quarterly revenue?
Nine Energy Service's quarterly revenue for Q2 2024 was $132.4M, a -6.84% decrease from the previous quarter (Q1 2024), and a -17.98% decrease year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $142.12M, a -1.36% decrease from the previous quarter (Q4 2023), and a -13.03% decrease year-over-year (Q1 2023). NINE's quarterly revenue for Q4 2023 was $144.07M, a 2.46% increase from the previous quarter (Q3 2023), and a -13.56% decrease year-over-year (Q4 2022).
What is Nine Energy Service’s revenue growth rate?
Nine Energy Service's revenue growth rate for the last 3 years (2021-2023) was 74.44%, and for the last 5 years (2019-2023) was -26.82%.
What are Nine Energy Service’s revenue streams?
Nine Energy Service's revenue streams in c 23 are Wireline, Cement, Coiled Tubing, and Tools. Wireline generated $116.92M in revenue, accounting 19.18% of the company's total revenue, up 8.91% year-over-year. Cement generated $224.76M in revenue, accounting 36.87% of the company's total revenue, down -2.03% year-over-year. Coiled Tubing generated $122.55M in revenue, accounting 20.11% of the company's total revenue, up 3.33% year-over-year. Tools generated $145.29M in revenue, accounting 23.84% of the company's total revenue, up 5.27% year-over-year.
What is Nine Energy Service’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Nine Energy Service was Cement. This segment made a revenue of $224.76M, representing 36.87% of the company's total revenue.