Company: NINE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001532286-25-000026
Chunk: 90

Company: Nine Energy Service, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 90
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 Adjusted ROIC to assist them in capital resource allocation decisions and in evaluating business performance. Although Adjusted ROIC is commonly used as a measure of capital efficiency, definitions of Adjusted ROIC differ, and our computation of Adjusted ROIC may not be comparable to other similarly titled measures of other companies.

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The following table provides our calculation of Adjusted ROIC for the three and nine months ended September 30, 2025 and 2024. The following table also presents ROIC (defined as net income (loss), divided by average total capital) and a reconciliation of the non-GAAP financial measure of adjusted after-tax net operating profit (loss) to the most directly comparable GAAP measure of net income (loss), in each case for the three and nine months ended September 30, 2025 and 2024.

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(in thousands)Net loss$(14,647)$(10,143)$(32,099)$(32,239)Add back:Interest expense13,714 12,879 41,319 38,453 Interest income(114)(196)(572)(660)Restructuring charges33 177 339 519 Adjusted after-tax net operating income (loss)$(1,014)$2,717 $8,987 $6,073 Total capital as of prior period-end:Total stockholders’ deficit$(81,737)$(49,715)$(66,064)$(35,630)Total debt350,275 352,730 350,580 359,859 Less cash and cash equivalents(14,216)(26,027)(27,880)(30,840)Total capital as of prior period-end$254,322 $276,988 $256,636 $293,389 Total capital as of period-end:Total stockholders’ deficit$(95,866)$(57,561)$(95,866)$(57,561)Total debt363,258 350,000 363,258 350,000 Less cash and cash equivalents(14,389)(15,652)(14,389)(15,652)Total capital as of period-end$253,003 $276,787 $253,003 $276,787 Average total capital$253,663 $276,888 $254,820 $285,088 ROIC