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NINE (Nine Energy Service) Net Income : $-42.5 Mil (TTM As of Sep. 2024)


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What is Nine Energy Service Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Nine Energy Service's Net Income for the three months ended in Sep. 2024 was $-10.1 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was $-42.5 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Nine Energy Service's Earnings per Share (Diluted) for the three months ended in Sep. 2024 was $-0.26.


Nine Energy Service Net Income Historical Data

The historical data trend for Nine Energy Service's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Nine Energy Service Net Income Chart

Nine Energy Service Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial Premium Member Only -217.75 -378.95 -64.58 14.39 -32.21

Nine Energy Service Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -13.26 -10.31 -8.06 -14.04 -10.14

Nine Energy Service Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Nine Energy Service's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-31.628+-0.585+0+0
=-32.2

Nine Energy Service's Net Income for the quarter that ended in Sep. 2024 is calculated as

Net Income(Q: Sep. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-10.07+-0.073+0+0
=-10.1

Net Income for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-42.5 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Nine Energy Service  (NYSE:NINE) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Nine Energy Service's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Nine Energy Service Net Income Related Terms

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Nine Energy Service Business Description

Traded in Other Exchanges
Address
2001 Kirby Drive, Suite 200, Houston, TX, USA, 77019
Nine Energy Service Inc is a North American onshore completion and production services provider. It targets unconventional oil and gas resource development. It operates in one segment, Completion Solutions. The Completion Solutions segment offers cementing services; completion tools, including liner hangers and accessories, frac sleeves, fully composite frac plugs, and specialty open hole float equipment and centralizers and other services. It operates in the U.S, Canada, and other countries where majority of the revenue is generated from the United States.
Executives
Guy Sirkes officer: SVP and CFO 2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Ann G Fox director, officer: See Remarks 2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
David Crombie officer: See Remarks 2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Theodore R. Moore officer: See Remarks 2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
S. Brett Luz officer: Chief Accounting Officer 4400 POST OAK PARKWAY, SUITE 1000, HOUSTON TX 77027
Ernie L Danner director 2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Darryl Keith Willis director 2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Warren Lynn Frazier 10 percent owner 5655 BEAR LANE, SUITE 100, CORPUS CHRISTI TX 78405
Clinton Roeder officer: See Remarks 2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Scf Gp Llc 10 percent owner 600 TRAVIS STREET, SUITE 6600, HOUSTON TX 77002
Richard S. Woolston officer: Chief Accounting Officer 2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Edward Bruce Morgan officer: See Remarks 2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Gary L Thomas director P O BOX 4362, HOUSTON TX 772104362
Scf-vii(a), G.p., Limited Partnership 10 percent owner 600 TRAVIS, SUITE 6600, HOUSTON TX 77002
Scf-vii(a), L.p. 10 percent owner 600 TRAVIS ST., STE. 6600, HOUSTON TX 77002