Nine Energy Service Previous Full-year 2024 Capex Guidance Of $15M-$25M Updated To $10M-$15M
Benzinga Newsdesk 2 years ago
NewsGuidance
Liquidity and Capital ExpendituresDuring the second quarter of 2024, the Company reported net cash provided by operating activities of $12.9 million. Capital expenditures totaled $2.5 million during the second quarter of
Liquidity and Capital Expenditures
During the second quarter of 2024, the Company reported net cash provided by operating activities of $12.9 million. Capital expenditures totaled $2.5 million during the second quarter of 2024 and totaled $8.1 million for the first half of 2024. The Company had previously provided full-year 2024 capex guidance of $15 to $25 million, which has been reduced to $10 to $15 million.