Nine Energy Service (NINE) 2022年年度报告「NYSE」.pdf

1、A L I G N E DN I N E E N E R G Y S E R V I C E,I N C.2 0 2 2 A N N U A L R E P O R TV I S I O N A L I G N E DSUCCESS COMES WITH MANY MOVING PARTS.BY DESIGN AND THROUGH DISCIPLINE,NINE BRINGS THOSE PARTS TOGETHER TO REVEAL A VISION OF UNPRECEDENTED CLARITY.In 2022,the broader global market was extrem

2、ely volatile,still plagued by supply chain constraints and labor shortages.Companies and families managedinflationary pressures not seen in decades,markedby rising interest rates,causing uncertainty andrecessionary fears to rise.The U.S.energy industry saw the global demand for oil and gas begin to

3、increase asmost of the world emerged from COVID lockdowns.The war in Ukraine,capital discipline amongst U.S.producers,and production discipline by OPEC+created upward pressure on commodity prices.2022 resulted in strong performance across the oilfieldservices(OFS)space.While overall frac and rig act

4、ivity were up year over year,I would categorize 2022 as more of a pricing story.OFS began to increase not onlyrevenue,but profitability as well.Underinvestment inOFS equipment kept oilfield equipment undersupplied,and OFS companies lacked capital to invest in newor existing equipment.The labor marke

5、t remainedextremely constrained.These two factors drove pricing leverage back toward service providers,as customer concerns expanded from cost of service to availability of service.This shift allowed OFS companies to grow revenue,and drive profitability.As an industry,we continue to innovate,strivin

6、g to reduce the time and cost of producing oil and gas in a cleaner and safer way.We are always looking for new technologies and operational approaches that reduce GHG emissions,without sacrificing financialreturns,service execution or safety.For the energy industry,this will be a key focus for many