Company: NINE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001532286-25-000026
Chunk: 63

Company: Nine Energy Service, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 63
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125,110 (60,038)65,072 8.0Total$188,380 $(117,521)$70,859 

 8

December 31, 2024Gross Carrying AmountAccumulated AmortizationNet Carrying AmountWeighted Average Amortization Period(in thousands, except weighted average amortization period information)Customer relationships$63,270 $(55,400)$7,870 2.8Technology125,110 (53,734)71,376 8.8Total$188,380 $(109,134)$79,246 Amortization of intangibles expense was $2.8 million and $8.4 million for the three and nine months ended September 30, 2025, respectively. Amortization of intangibles expense was $2.8 million and $8.4 million for the three and nine months ended September 30, 2024, respectively.Future estimated amortization of intangibles (in thousands) is as follows:Year Ending December 31,Remainder of 2025$2,796 202611,082 202710,315 20288,000 20298,000 20308,000 Thereafter22,666 Total$70,859 

7. Accrued Expenses

Accrued expenses as of September 30, 2025 and December 31, 2024 consisted of the following:September 30, 2025December 31, 2024(in thousands)Accrued interest$7,014 $16,960 Accrued compensation and benefits7,424 6,287 Accrued bonus557 1,016 Accrued legal fees and settlements319 256 Other accrued expenses8,015 6,157 Accrued expenses$23,329 $30,676 

 9

8. Debt Obligations

The Company’s debt obligations as of September 30, 2025 and December 31, 2024 were as follows:  September 30, 2025December 31, 2024 (in thousands)2028 Notes$300,000 $300,000 2025 ABL Credit Facility63,258 — 2018 ABL Credit Facility— 47,000 Short-term debt (1)— 3,580 Total debt before deferred financing costs$363,258 $