Nine Energy (NINE) Q3 2026 Earnings Call Transcript

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Operator: Greetings, and welcome to the Nine Energy Service Third Quarter 2026 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.…

Operator: Greetings, and welcome to the Nine Energy Service Third Quarter 2026 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Mr. Josh Riley, Senior Vice President of Corporate Finance and Investor Relations. Thank you. You may begin.

Josh Riley: Thank you. Good morning, everyone, and welcome to the Nine Energy Service earnings conference call to discuss our results for the third quarter of 2026. With me today are Ann Fox, President and Chief Executive Officer; and Heather Schmidt, Chief Financial Officer. We appreciate your participation. Some of our comments today may include forward-looking statements reflecting Nine's views about future events. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control. These risks and uncertainties can cause actual results to differ materially from our current expectations.

We undertake no obligation to revise or update publicly any forward-looking statements for any reason. Our comments today also include non-GAAP financial measures. Additional details and a reconciliation of these measures to their most directly comparable GAAP financial measures are also included in our third quarter press release and can be found in the Investor Relations section of our website. I will now turn the call over to Ann.

Ann Fox: Thank you, Josh, and good morning, everyone. Before we get started, I would like to wish the United States Marine Corps a very happy 251st birthday. Thank you for joining us today to discuss Nine's third quarter 2026 results. Revenue for the quarter was $142 million, and adjusted EBITDA was $8.3 million. Our third quarter results reflect improving U.S. activity, particularly within cementing, as well as continued operating constraints in coiled tubing and a lower level of international completion tools activity compared to the second quarter. The U.S.

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