Current posture

What matters now

Nine Energy is operating as a reorganized debtor after its prepackaged plan became effective on March 5, 2026; the latest docketed update is a post-confirmation report for the quarter ended June 30 Dkt. 346. The report reflects an implementation-stage case, with the reorganized debtors continuing post-confirmation reporting. The oilfield-completion-services company and affiliates filed Chapter 11 on February 1, 2026, after an overleveraged capital structure and high interest expense, together with energy-market and pricing pressures, constrained reinvestment and growth, according to the first-day declaration Dkt. 4. At filing, Nine had approximately $388 million in funded debt, principally $319.5 million of 13% senior secured notes and $68.5 million under its ABL facility, as described in the disclosure statement Dkt. 6. The case entered with a restructuring support agreement backed by holders of more than 70% of the notes and all prepetition ABL lenders, positioning the debtors for a swift balance-sheet restructuring rather than a standalone marketing process. The plan path equitized the senior secured notes: noteholders received the new equity, subject to management-incentive dilution, while the ABL claims were to be paid…

Updated Aug 9, 2026