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T R O U B L E D C O M P A N Y R E P O R T E R
Saturday, March 28, 2026, Vol. 30, No. 87
Headlines
NINE ENERGY: Posts $49.2MM Net Loss in February Operating Report
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NINE ENERGY: Posts $49.2MM Net Loss in February Operating Report
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Nine Energy Service, Inc., et al., filed with the U.S. Securities
and Exchange Commission its Monthly Operating Report for the period
beginning on February 1, 2026 and ending on February 28, 2026.
The Debtors' statement of operations reflected a net loss of $49.2
million for the period.
As of December 31, 2025, the Debtors reported $34.5 million in
total assets, $416.3 million in total liabilities, and -$381.8
million in total equity.
The Debtors started the month with $8.1 million in cash. They
reported $26.9 million in total receipts, and $13.9 million in
total disbursements. At month end, the Debtors had $21.1 million in
cash.
A copy of the monthly operating report is available at the SEC at:
https://tinyurl.com/ythsr67a
About Nine Energy Service
Nine Energy Service, Inc. is a leading oilfield services business
that supplies cutting edge solutions for unconventional oil and gas
resource extraction and development across North America and
abroad. Nine's culture is driven by an intense focus on performance
and wellsite execution as well as a commitment to forward-leaning
technologies that aid the development of smarter, customized
applications that drive efficiencies and reduced emissions for
customers. Nine is headquartered in Houston, Texas with operational
reach that extends across all major onshore basins in the United
States and Canada. On the Web: http://www.nineenergyservice.com/
Nine Energy Service and its subsidiaries sought Chapter 11
protection (Bankr. S.D. Tex. Lead Case No. 26-90295) on Feb. 1,
2026.
Nine is advised in this matter by Kirkland & Ellis LLP and Kane
Russell Coleman Logan PC as legal counsel, Moelis & Company as
investment banker and FTI Consulting as financial and
communications advisors. Epiq is the claims agent.
Judge Christopher M. Lopes oversees the case.
Certain noteholders under the Company's senior secured notes
indenture are advised by Milbank LLP as legal counsel and Houlihan
Lokey as investment banker. White Oak Commercial Finance, LLC, as
DIP Agent, is advised by Paul Hastings LLP as legal counsel and
Blake, Cassels & Graydon LLP, as Canadian counsel.
On March 4, 2026, the Bankruptcy Court entered an order confirming
the Plan, and on March 5, 2026, the Plan became effective in
accordance with its terms and the Company Parties emerged from the
Chapter 11 Cases.
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This concludes the Troubled Company Reporter's coverage of Nine
Energy Service until facts and circumstances, if any, emerge that
demonstrate financial or operational strain or difficulty at a
level sufficient to warrant renewed coverage.
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Troubled Company Reporter is a daily newsletter co-published
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Pennsylvania, USA, and Beard Group, Inc., Philadelphia, Pa., USA.
Randy Antoni, Jhonas Dampog, Marites Claro, Joy Agravante,
Rousel Elaine Tumanda, Joel Anthony G. Lopez, Psyche A. Castillon,
Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and
Peter A. Chapman, Editors.
Copyright 2026. All rights reserved. ISSN: 1520-9474.
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