Here are 1-3 brief analogies for Nine Energy Service:

• Caterpillar for oil wells: Similar to how Caterpillar provides heavy equipment and essential services for construction and mining, Nine Energy Service provides specialized tools and services critical for the completion and production phases of oil and gas wells.

• Applied Materials for oil well completions: Like Applied Materials provides essential equipment and services to enable semiconductor manufacturing, Nine Energy Service provides the specialized technology and services necessary to bring oil and gas wells into production.

• Cementing: Provides well cementing services to secure casing, prevent fluid migration, and isolate zones in oil and gas wells.
• Wireline Services: Offers cased-hole and open-hole wireline services for logging, perforating, and downhole tool deployment.
• Coiled Tubing: Delivers coiled tubing operations for well intervention, stimulation, and cleanout tasks without removing the production string.
• Completion Tools: Supplies a range of downhole completion tools including packers, plugs, and sleeves essential for well construction and production.
• Drilling Tools: Provides specialized drilling tools that aid in efficient and safe well drilling operations.
• Production Solutions: Offers services and technologies aimed at enhancing well production, optimizing flow, and extending well life.

Nine Energy Service (symbol: NINE) sells primarily to other companies in the oil and natural gas industry.

Specifically, its customers are exploration and production (E&P) companies engaged in drilling and completing oil and natural gas wells, primarily in North America.

Due to competitive reasons and client confidentiality, Nine Energy Service does not publicly disclose the names of its specific major customers. Furthermore, according to its annual filings (10-K), no single customer accounted for 10% or more of its consolidated revenues in recent fiscal years (e.g., 2021, 2022, or 2023).

Therefore, while the customer base consists of various E&P companies, specific names of major customers are not publicly available from Nine Energy Service.

Ann G. Fox, President and Chief Executive Officer

Ann G. Fox has served as the President and Chief Executive Officer of Nine Energy Service, Inc. since July 2015, and has been a Director since September 2014. She joined Nine in 2013, previously holding roles as Chief Financial Officer and Vice President of Strategic Development. Before joining Nine, Ms. Fox worked at SCF Partners, a private equity firm focused on investments in the energy services industry, becoming a Managing Director in December 2012. She also served in the United States Marine Corps, including multiple tours in Iraq, and worked as an investment banking analyst for Prudential Securities and Warburg Dillon Read. Under her leadership as CEO, Nine completed its IPO in January 2018 and has executed two significant technology acquisitions.

Guy Sirkes, Senior Vice President and Chief Financial Officer

Guy Sirkes assumed the role of Senior Vice President and Chief Financial Officer of Nine Energy Service in April 2020. Prior to this, he served as the Vice President of Strategic Development for Nine, where his responsibilities included M&A, strategic development, and financial planning and analysis. Before joining Nine in March 2019, Mr. Sirkes was an Executive Director with J.P. Morgan's Oil & Gas Investment Banking group from July 2007 to March 2019, where he was involved in executing equity, debt, and M&A transactions, including Nine's initial public offering and the acquisition of Magnum Energy Tools.

David Crombie, Executive Vice President, Chief Operating Officer

David Crombie was promoted to Chief Operating Officer and Executive Vice President effective January 1, 2019. An oil and gas industry veteran, Mr. Crombie founded Crest Pumping Technologies, LLC, and served as its President before joining Nine. Crest Pumping Technologies provided pressure pumping services. Prior to founding Crest, he was the Vice President of Operations and Sales for Pumpco Energy Services, a subsidiary of Complete Production Services, where he oversaw stimulation and cementing services.

Theodore R. Moore, Senior Vice President, General Counsel and Secretary

Theodore R. Moore serves as the Senior Vice President, General Counsel and Secretary for Nine Energy Service.

S. Brett Luz, Chief Accounting Officer

S. Brett Luz holds the position of Chief Accounting Officer at Nine Energy Service.

Nine Energy Service (symbol: NINE) operates primarily in North America, offering a range of completion and production services for unconventional oil and gas resource development. The addressable markets for its main products and services in North America are as follows:

• Cementing Services: The North America well cementing services market was valued at approximately USD 4.40 billion in 2024. This market is projected to reach US$ 4,728.2 million by 2030.
• Completion Tools (as part of Completion Equipment and Services): The North America completion equipment and services market was valued at approximately USD 2.40 billion in 2024. It is estimated to grow from US$ 2,377.24 million in 2021 to US$ 3,012.32 million by 2028.
• Wireline Services: The North America wireline services market held a revenue of approximately USD 5.5 billion in 2024. This market is expected to surpass USD 6.7 billion in 2024 and reach USD 12.3 billion by 2031.
• Coiled Tubing Services: The North America coiled tubing services market was valued at USD 3.96 billion in 2024. It is estimated to lead the global market, with a share of 41.7% in 2025.

Nine Energy Service (NINE) is expected to drive future revenue growth over the next 2-3 years through several key strategies and market trends:

1. International Market Expansion: The company is actively pursuing growth in international markets, demonstrating positive results with international tools revenue surging 20% year-over-year in the first half of 2025. This expansion is evident in increased sales across regions such as the UAE, Argentina, and Australia, and is a deliberate strategy to reduce reliance on cyclical U.S. oil markets.
2. Advancements in Completion Tool Technology: Nine Energy Service's acquisition of Magnum Oil Tools International provides a significant first-mover advantage in the dissolvable frac plug market and a broader portfolio of patented downhole completion products. The company's ongoing commitment to research and development (R&D) in new completion tools is also a key strategy.
3. Increased Focus and Activity in Gas-Levered Basins: Nine Energy Service has strategically pivoted towards gas-levered basins, such as the Haynesville and Northeast regions of the U.S., where it has observed revenue growth. With approximately 30% of its revenue tied to natural gas basins and a more promising outlook for natural gas prices in 2025 compared to 2024, this focus is anticipated to contribute to future revenue.
4. Market Share Gains through Operational Excellence and Diversified Services: Despite challenging market conditions and declining rig counts, Nine Energy Service has demonstrated the ability to gain market share in specific service lines and regions. This includes growth in coiled tubing operations in the Permian Basin and an increase in cementing market share within its operating regions in Q4 2024. The company emphasizes market share capture and cost optimization as core components of its strategy.

Share Repurchases

• Nine Energy Service made share repurchases of $644.00 in Q4 2022, $346.49K in Q3 2022, $294.99K in Q2 2022, and $114.45K in Q1 2022.
• The company reported minor share repurchases of $428.00 in Q4 2021 and $1.51K in Q3 2021.
• Nine Energy Service did not generate "Excess Cash Flow" in the six-month periods ending March 31, 2025, and September 30, 2025, consequently, no required offers to repurchase senior secured notes were made.

Share Issuance

• Nine Energy Service did not sell any shares of common stock under its at-the-market equity offering program during the first, second, or third quarters of 2025.

Capital Expenditures

• Capital expenditures for the full year 2025 are projected to be in the lower end of the $15 million to $25 million guidance range.
• Total capital expenditures amounted to $3.5 million in Q3 2025 and $13.9 million for the first nine months of 2025.
• From 2021 to 2024, annual capital expenditures averaged approximately $21 million, marking a roughly 60% reduction from the $53 million average between 2017 and 2019, consistent with an "asset-light business model" and a "capital efficiency strategy."