Nine Energy Service reported 3Q26 revenue of $142.0M, essentially flat sequentially and near the high end of guidance, while adjusted EBITDA was $8.3M. Cementing revenue increased 11% q/q to $61.1M on higher activity and continued share gains, helping offset Coiled Tubing downtime and lower international Completion Tools revenue tied to order timing. Management expects 4Q revenue of $137M–$147M with modestly higher profitability, supported by a greater contribution from Cementing and international Completion Tools, while the remaining large-diameter Coiled Tubing unit provides an additional earnings opportunity as it returns to service. Looking into 2027, improving fleet availability, Cementing pricing, international Completion Tools growth, new product qualification capacity, and procurement initiatives provide multiple avenues for earnings improvement.