Nine Energy Service Tools — Revenue decreased by 48.9% to $17.28M in Q1 2026 compared to the prior quarter. This decline may warrant attention — for this metric, higher values are generally preferred.
An increase suggests higher demand for the company's proprietary completion hardware and improved market share in the well construction sector, while a decrease may signal reduced drilling activity or competitive pressure.
This metric represents the total revenue generated from the sale and rental of specialized completion tools, including l...
Comparable to completion tool or downhole equipment revenue segments reported by other oilfield service providers focusing on well construction and stimulation hardware.
nine_segment_tools_revenues| Q1 '25 | Q1 '26 | |
|---|---|---|
| Value | $33.84M | $17.28M |
| QoQ Change | — | -48.9% |
| YoY Change | — | -48.9% |