On this page of StockholderLetter.com we present the latest annual shareholder letter from Nine Energy Service, Inc. — ticker symbol NINE. Reading current and past NINE letters to shareholders can bring important insights into the investment thesis.
78897
+,+- ./0 1234565758.9 0123456768923 8 4 4 32 43 4 2 4 32 4 2 8 2 4 4 8676 4 45 4 4 32 4!4 42 5 8 54 234 2 354 2 4 " 45 32 4 49 432 3 34 24 52 ! 32!4 4 4 3 24 # $2 45%2 4& 2 3' 3 2 $223()4 3 66 54 2 42 34* 3 )4 5 $4 254 3) 32 VJEF GFF VJUF HEF VJLF HFF :;<=>?@=AB=CD B?>?PQ?RSST %2 4& )4!4 4W 93 ! XY4 2 42 ZX'X[2)2 VJKF IJ IK abcd^]edf\dgh MNMO IL EEF IU
01234125627786297 3 32 27394 87423 862 2 2 2 0262 383 2 3 1 23 2 2 872 627 23 2 7 441212 64 2 26 413 2 0 41 56 4 2 6 6 413 3 3 724 274 12 412 86 2 374 34 33 43 3 543 4 32 26 1 3 3 3 7 52 874 2 86 8443 2 242 13 726 27 3 7 84 37 8623462 5 3 723 32262 4 416 283 2656277862 2 2 3 23 863 3 2 3 412 32L338 M 5N O523 PQRRS 5676896 =>?6@>A> 4BC567 )2- DEFG DEFH DEFI )03 DEDE )/00 ,4 24 .4 ,4 )0* DEDF )/+1 DEDD )*1/ DEDJ )203 )0* DEDK +4 *4 +4 /4
0123415567 89231965013 % +/(-0 $ ! $# " " #(1 2(3( $# " 4 5 6# ( C " " # " # " "$ D EF!& "G D $% " G @ # " " $ # ? !(5 $ $ %! " 6# 6# ' ! * *! ( >$ HI@J "" # K " % $ L$ *C! M N $ # # (>$ 2(3(HI@ "$ $ $ ! 71899656:;82520<2981=1978 @ # " % % $ 6 " A % ' % # ## 6 !,-B ## 6 !, B $ A 1=O56P111Q81551981 $ ' % $ % R $ (3 # "" # 6 $ " STUVWXYZWX[YZW[TZ\WYUZ\]WUU]^_\T`[WT[_\YZ^ \a[\WbT[UaUbT^WT\W[Scd\ZeV[[fg[hW[fg\Z^YUZ YZWXY^_\T`[Wc[\TiUj[Tic[\Tk 1 . %(# $% m, m .
67897 4 54 7 2 012345
 • shareholder letter icon 3/6/2025 Letter Continued (Full PDF)
 • stockholder letter icon 3/13/2023 NINE Stockholder Letter
 • stockholder letter icon 3/8/2024 NINE Stockholder Letter
 • stockholder letter icon More "Oil & Gas Equipment & Services" Category Stockholder Letters
 • Benford's Law Stocks icon NINE Benford's Law Stock Score = 67


NINE Shareholder/Stockholder Letter Transcript:

78897


+,+- ./0 1234565758.9
0123456768923 8 4 4 32      43
   4      2      4 32   4 2      8 
2   4  4     8676 
    4  45 4  4 32  4!4  42     5 8
54  234 2     354 2 4 
"    45  32 4 49    432  3  
34     24   52   ! 32!4 4 4 3    24 
# $2  45%2 4&  2  3'  3 2  $223()4   3
66 54 2 42 34* 3 )4   5 $4
   254 3) 32  
VJEF
GFF
VJUF
HEF
VJLF
HFF
:;<=>?@=AB=CD
B?>?PQ?RSST
%2 4& )4!4  4W  93 ! XY4 2 42 ZX'X[2)2  
VJKF
IJ

IK
abcd^]edf\dgh
MNMO
IL
EEF
IU


01234125627786297 3 32  27394 87423 862  2
2  2  0262  383   2    3  1   23 2 2  872
627 23 2 7 441212 64  2 26 413  2   0 41 
56  4 2  6  6  413 3   3 724 274   12  
 412 86 2   374 34  33   43  3    543 4
 32 26  1 3 3   3 7  52 874  2 86 8443  
2  242 13    726  27 3 7  84 37 8623462
   5 3 723 32262 4 416 283 2656277862 
2  2  3  23 863   3  2  3 412    
32L338  M 5N O523 PQRRS

5676896
=>?6@>A>
4BC567

)2-
DEFG

DEFH

DEFI

)03
DEDE
)/00
,4
24
.4
,4
)0*
DEDF
)/+1


DEDD
)*1/
DEDJ
)203
)0*
DEDK

+4
*4
+4
/4


0123415567 89231965013




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                   "    #(1          

2(3(   $#  "    4 5 6#   (
C      "       "  #    "   #           "
     "$             D     EF!&  "G   
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            $     #      ?     !(5     
     $     $       %!   "   6#   
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>$ HI@J          ""     #    K    
"           %     $ L$   *C!   M      
N        $ #             #       (>$ 
2(3(HI@           "$    $     $  !

71899656:;82520<2981=1978


@  #      "       %  %  $      6   "
         A         %   '             
     %      #        ##  6      !,-B 
             ##  6      !, B     $ A 

1=O56P111Q81551981


    $   '  %       $ %           R $ 
    (3    #                     ""    
 #          6         $             "

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\a[\WbT[UaUbT^WT\W[Scd\ZeV[[fg[hW[fg\Z^YUZ
YZWXY^_\T`[Wc[\TiUj[Tic[\Tk

1   .  %(#        $%  m, m .

67897 4
54 7   2
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shareholder letter icon 3/6/2025 Letter Continued (Full PDF)
 

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