What Nine Energy Service does

Nine Energy Service is a Houston-based, NYSE American-listed (ticker: NINE) oilfield services company founded in 2011 that provides completion and production solutions to operators drilling and stimulating unconventional oil and gas wells across North American onshore basins, including the Permian, Delaware, Eagle Ford, Marcellus, and Haynesville. The company operates four integrated service lines — Cementing, Completion Tools, Wireline, and Coiled Tubing — serving both major E&Ps and independent operators through direct field sales and project-based contracts. As of early 2026 the company reported 1,001–5,000 employees and operates field hubs spanning Texas, New Mexico, Pennsylvania, and Ohio.

The company's product portfolio centers on proprietary, trademarked downhole tools and chemistries that target efficiency and interventionless completions. Flagship technologies include the Stinger family of dissolvable frac plugs (proven at depths near 26,000 feet and claimed to lift operator margins up to 70% while saving four or more days per wellbore), the Scorpion composite frac plug with 500,000+ units deployed, the BreakThru glass barrier device family (99.9% first-attempt success), MagnumDisks ceramic disk barriers rated to 400°F and 20,000 psi, the Trident single-stage cementing slurry (85.7% success vs. 63% conventional), NineLite lightweight slurry for depleted formations, the Patriot cementing unit with 1,100+ hydraulic horsepower, and the AllSight Live Dashboard, which has monitored over 24.2 million running feet of coiled tubing operations since 2019. The SkyVIEW and Electric Wireline Truck hardware extend the franchise into lower-emission, electric completions work.

Revenue is generated through project-based oilfield service contracts with operators, with Q1 2026 reported revenue of approximately $132.17 million split between a $88.4 million predecessor period and a $41.6 million successor period under fresh-start accounting following the company's emergence from Chapter 11 bankruptcy on March 5, 2026. The restructuring eliminated roughly $320 million of senior secured notes, reduced annual interest expense by approximately $40 million, and was supported by a $125 million DIP loan and a new $135 million exit ABL facility, both from White Oak Commercial Finance. Q2 2026 revenue guidance of $136-$146 million and adjusted EBITDA guidance of $10-$15 million point to a stabilized run-rate but materially compressed margins relative to historical 2023-2025 levels, consistent with a post-emergence turnaround. Nine returned to public markets on NYSE American on March 26, 2026.

Name

Nine Energy Service

Legal name

Nine Energy Service, Inc.

Website

https://nineenergyservice.com

Company type

Public

Founded year

2011

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Nine Energy Service is a Houston-based, NYSE American-listed oilfield services company that provides integrated well completion solutions — cementing, completion tools, wireline, and coiled tubing — to oil and gas operators across North American onshore basins, leveraging proprietary downhole tools and chemistries such as Stinger dissolvable frac plugs, Scorpion composite plugs, and BreakThru glass barrier devices.

Ownership category

akta.pro rank

Product category

Oilfield Completion Services

NAICS

Support Activities for Oil and Gas Operations (213112)

SIC

Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Well Construction & Completion Services (Cementing, Casing, Tubular Running) (EUALABAC)

akta.pro secondary industry

Well Intervention & Wireline Services (Slickline, E-line, Coiled Tubing) (EUALABAE)

Keywords

• Oilfield completion services
• Well cementing services
• Fracturing tools
• Wireline logging services
• Coiled tubing services

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Oilfield Completion Services: Nine Energy Service generates revenue through providing completion solutions including cementing services, completion tools (frac plugs, barriers, packers), wireline services, and coiled tubing services to oil and gas operators across North American basins. Revenue is project-based and service contract oriented.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Nine Energy Service provides onshore oil and gas completion solutions across four integrated service lines: Cementing (slurries, additives, and the Patriot cementing unit), Completion Tools (dissolvable and composite frac plugs, glass and ceramic barrier devices, casing flotation tools, refrac liner systems, packers, and setting tools), Wireline (electric and conventional wireline trucks, coated wireline cable, and well integrity diagnostic tools), and Coiled Tubing (frac plug millout, wellbore cleanout, fluid and nitrogen pumping, and the AllSight real-time monitoring platform). Services are sold on a project basis to exploration and production operators in major U.S. unconventional basins.

Product overview

Nine Energy Service is an oilfield services company offering a comprehensive portfolio of completion, cementing, wireline, and coiled tubing solutions. The company's product architecture consists of four integrated service lines: Cementing (including slurries like Crack Attack, Nine Lite, Trident, Fast-Acting Resin Technology, FlowLOK, Flex 50, and Durafiber-X technology, plus the Patriot Cementing Unit and LFS/MS Spacer systems), Completion Tools (dissolvable frac plugs including Stinger and Stinger ER, composite Scorpion plugs, BreakThru casing flotation and barrier devices, MagnumDisks and Interventionless MagnumDisks, REGEN liner systems, toe sleeves, cement retainers, packers, and setting tools), Wireline Services (Electric Wireline Truck, SkyVIEW unit, Coated Wireline, and Well Integrity diagnostic tools), and Coiled Tubing Services (with AllSight Live Dashboard for real-time monitoring). The company emphasizes interventionless completions and proprietary technology to improve efficiency, safety, and reduce costs for oil and gas operators across North American basins.

Differentiator

Problem solved

Functional benefit

Brands

• Scorpion: Composite frac plug product line with over 500,000 units deployed across North America and abroad
• BreakThru
• Stinger
• Crack Attack
• Nine Lite
• Trident
• FlowLOK
• Flex 50
• Durafiber-X
• Patriot
• SkyVIEW
• AllSight
• MagnumDisks
• IMAG

Products and services

• Cementing Services Comprehensive onshore well cementing services delivered through regional operations centers, including mixing and pumping of proprietary slurries and additives, casing flotation, and zonal isolation. Serves oil and gas operators running conventional and unconventional completion programs.
• Completion Tools Downhole completion tools including dissolvable and composite frac plugs, glass and ceramic barrier devices, casing flotation tools, refrac liner systems, toe sleeves, cement retainers, packers, and setting tools. Sold to oil and gas operators for use in multi-stage unconventional completions.
• Wireline Services Full-service onshore wireline operations including open-hole and cased-hole logging, perforating, pipe recovery, and well integrity diagnostics. Serves operators with conventional trucks, the Electric Wireline Truck, the SkyVIEW unit, Coated Wireline cable, and proprietary diagnostic tools.
• Coiled Tubing Services Coiled tubing operations for oil and gas operators including frac plug millout, wellbore cleanout, fluid and nitrogen pumping, tubing-conveyed perforation, fishing and milling, crane services, and planning and engineering support.
• Stinger Dissolvable Frac Plug Proprietary dissolvable frac plug for multi-stage unconventional completions that eliminates drillout interventions, improving operating margins by up to 70% and saving four or more days per wellbore. Sold to oil and gas operators as a standalone downhole tool.
• Scorpion Composite Frac Plug Composite frac plug designed for superior drillout times and reliable setting across a range of casing conditions in extended-lateral unconventional wells. Sold to oil and gas operators; over 500,000 units deployed.
• BreakThru Casing Flotation Device Engineered casing flotation device that floats casing to total depth, with a material barrier that disintegrates at predesignated differential pressure into sand-like particles, eliminating debris sub requirements. Sold to operators for casing run support.
• BreakThru Barrier Devices (Intervention Actuated, Multi-Cycle, Pump-Open) Three variations of Nine's patented BreakThru glass barrier devices—Intervention Actuated, Multi-Cycle, and Pump-Open—rated up to 10,000 psi and 320°F, providing high-performance zonal isolation for diverse well completion applications.
• MagnumDisks Ceramic Disk Barrier Devices Ceramic disk barrier devices engineered for high-pressure, high-temperature zonal isolation up to 400°F and 20,000 psi, in H2S and CO2 environments, available in 10K, 15K, and 20K psi ratings and single or dual configurations.
• Interventionless MagnumDisks (IMAGs) Interventionless MagnumDisk barrier devices with two dome-shaped disks rated to 400°F that eliminate the need for intervention in wellbore isolation, with H2S and CO2 compatibility. Sold as standalone downhole tools.
• Trident Single-Stage Slurry Single-stage cementing slurry providing a cost-effective alternative to stage cementing, delivering an 85.7% success rate with moderate compressive strength and reducing pump volume by 24%. Sold to operators as a cementing chemistry.
• NineLite Lightweight Slurry Lightweight cement slurry designed for depleted formations, formulable down to 10 pounds per gallon for faster pumping in mature Permian Basin formations, saving approximately $70,000 and 48 hours of NPT per well.
• FlowLOK Additive System System of additives formulated to control gas and water invasion during and after cement placement, with zero gel time and fluid loss and post-set expansion that eliminates sustained casing pressures. Sold to operators as part of cementing operations.
• Flex 50 Polymer Cement Additive Advanced polymer additive for high-temperature cementing applications up to 370°F that maintains cement integrity and provides 16x more acid resistance than conventional cement slurries. Sold to operators as a cementing chemistry.
• Durafiber-X Fiber Cement Technology Polyacrylonitrile-based fiber technology containing 1.3 billion fibers that improves cement mechanical properties, suspension, fracture sealing, and minimizes fluid loss in cementing operations. Sold to operators as a cementing chemistry.
• Crack Attack Lost Circulation Material Wide-spectrum, multi-particle lost circulation material used in cementing operations to seal small and large fractures and prevent lost circulation. Sold to operators as part of cementing service offerings.
• Fast-Acting Resin Technology Cement additive designed for oil well remediation offering superior mechanical performance with reduced resin wait times up to 75%, applicable across temperatures from 70°F to 300°F. Sold to operators as a remediation chemistry.
• Patriot Cementing Unit High-capacity cementing unit with over 1,100 hydraulic horsepower, a 45% larger mixing tub than competitors, dedicated centrifugals, 50% more covered deck space, and dedicated wireless transmission for remote job sites. Deployed by Nine to deliver cementing services.
• Electric Wireline Truck (E-Wireline Unit) Battery-powered wireline unit that is four times more powerful than traditional wireline, with triple-redundant lithium-ion battery recharging and 68-dB operation, reducing diesel usage and water consumption on location.
• SkyVIEW Wireline Unit Wireline unit adapted from offshore technology for land operations, featuring 180-degree field of vision, a quickswap removable drum, and a dual power pack with independent hydraulic and electric power.
• Coated Wireline Greaseless polymer-jacketed wireline cable that eliminates 95% of injector oil, reduces friction by more than 40%, and is temperature rated to 150°C for safer and more environmentally friendly wireline operations.
• Well Integrity Diagnostic Tools Suite of wireline diagnostic tools including Enhanced Pipe Detector Tool, Magnetic Thickness Detector, Array Noise Tool, Stationary Noise Tool, Multi-Finger Caliper, and Acoustic Leak Flow Analyzer, delivered as part of wireline well integrity services.
• AllSight Live Dashboard Specialized internet-based software platform for coiled tubing operations that delivers real-time and historical data monitoring, tracking over 24.2 million running feet of coiled tubing jobs since 2019. Developed originally with RedZone.

Quantifiable outcome

• Up to 70% operating margin improvement with Stinger dissolvable frac plugs
• +9 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature13 records

Partnerships

Four partnerships are on record, tiered minor and core.

• U.S. Well ServicesminorStrategic or Co-development Partner · 1 November 2021Nine partnered with U.S. Well Services to execute an all-electric completion project for Northeast Natural Energy. Nine's wireline operations exclusively utilized turbine power with no diesel usage for 46 days while completing 356 stages using USWS' Clean Fleet fracturing technology.
• ERMminorStrategic or Co-development Partner · 1 January 2020Nine partnered with ERM to assess the lifecycle carbon footprint advantages of using dissolvable versus composite plugs in completion operations. The environmental study showed that dissolvable plugs have a ~91% smaller carbon footprint per wellbore compared to conventional plugs.
• NewGen Systems Ltd.coreTechnology or IntegrationNine collaborated with NewGen Systems Ltd. to develop and customize refrac tools, which are field-proven and help operators tap into previously stranded reserves and restimulate existing wells.
• RedZonecoreTechnology or IntegrationNine originally developed AllSight with RedZone. AllSight is Nine's specialized Internet-based software for real-time monitoring and management of coiled tubing operations.

Scale indicators23 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Liberty Energy: Liberty Energy (NYSE: LBRT) is a North American independent oilfield services provider focused on hydraulic fracturing and completion services, including dissolvable plug technology and e-frac fleets. Directly comparable to Nine across completion and production services serving the same shale operators.
• ProPetro Holding Corp: ProPetro (NYSE: PUMP) is a Permian-focused oilfield services company providing pressure pumping, cementing, and completions-related services. Closely comparable to Nine's cementing and completion portfolio in U.S. shale basins, with similar scale and customer mix.
• RPC, Inc. RPC (NYSE: RES) provides a range of oilfield services including pressure pumping, coiled tubing, cementing, and wireline to U.S. operators. Direct peer to Nine across multiple completion service lines with similar exposure to onshore activity levels.
• Patterson-UTI Energy: Patterson-UTI (NASDAQ: PTEN) is a U.S. land drilling and pressure pumping provider with significant completion services exposure. Comparable to Nine in serving the same operator customer base and tracking U.S. shale activity cycles.
• Select Water Solutions: Select Water Solutions (NYSE: WTTR) provides water sourcing, transfer, and oilfield services to U.S. shale operators, with growing exposure to completion-related chemistry and services. Comparable independent peer in serving the same North American operator customer base.
• Core Laboratories: Core Laboratories (NYSE: CLB) provides reservoir description and production enhancement services to the global oil and gas industry, with overlap in production diagnostics and well intervention. Serves similar operator customers and shares exposure to North American shale activity.

Broad incumbents

• Halliburton Company: Halliburton (NYSE: HAL) is one of the world's largest oilfield services companies, providing cementing, completion tools, wireline, and coiled tubing globally as part of a much broader portfolio. Competes with Nine in every service line but at substantially greater scale.
• Schlumberger (SLB): SLB (NYSE: SLB) is the largest global oilfield services company, offering integrated drilling, completions, production, and digital services. Overlaps with Nine across cementing, completion tools, and wireline but operates worldwide across all major service lines.
• Baker Hughes Company: Baker Hughes (NASDAQ: BKR) is a major global oilfield services and equipment company with overlapping product lines in cementing, completion tools, and well construction. Its scale and digital platform provide a differentiated competitive context for Nine.

Emerging players

• NCS Multistage Holdings: NCS Multistage (NASDAQ: NCSM) provides precision completion tools, including sliding sleeves and related downhole technology, primarily in North American shale. Smaller-scale peer focused on a niche within Nine's completion tools portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nine-energy-service

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nine Energy Service