Nine Energy Service FY2024 capex guidance is $10M-$15M.
Portfolio Pulse from Benzinga Newsdesk
Nine Energy Service has announced its capital expenditure guidance for FY2024, which is set between $10 million and $15 million.

October 31, 2024 | 9:08 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Nine Energy Service has provided its capital expenditure guidance for FY2024, ranging from $10 million to $15 million. This guidance can influence investor perception regarding the company's growth and operational plans.
The capex guidance provides insight into Nine Energy Service's planned investments and operational focus for the upcoming fiscal year. While it indicates a level of investment, the range does not suggest significant expansion or contraction, leading to a neutral short-term impact on stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100