Nine Energy Service Depreciation decreased by 62.1% to $2.21M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 62.2%, from $5.84M to $2.21M. Over 3 years (FY 2021 to FY 2025), Depreciation shows a downward trend with a -7.1% CAGR.
High depreciation relative to assets may indicate an aging fleet, while changes reflect capital expenditure cycles.
Depreciation represents the systematic allocation of the cost of tangible assets, such as heavy machinery and constructi...
Standard non-cash expense for capital-intensive industries like infrastructure and heavy construction.
operating_expenses_cost_of_goods_and_services_sold_depreciation| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $7.23M | $7.23M | $7.23M | $6.50M | $6.51M | $7.42M | $7.43M | $7.29M | $7.00M | $6.73M | $6.60M | $6.23M | $6.03M | $5.84M | $5.80M | $5.76M | $5.81M | $2.21M |
| QoQ Change | — | +0.0% | +0.0% | -10.0% | +0.1% | +14.0% | +0.2% | -2.0% | -3.9% | -3.8% | -2.0% | -5.7% | -3.1% | -3.2% | -0.7% | -0.6% | +0.9% | -62.1% |
| YoY Change | — | — | — | — | -9.9% | +14.1% | +14.2% | — | — | -9.2% | -11.2% | -14.5% | -13.9% | -13.3% | -12.2% | -7.5% | -3.6% | -62.2% |