Nine Energy Heads Into Earnings With Borrow Costs at a Fraction of April Levels

[Nine Energy Service](/s/us/nine) reports Q1 2026 results today against a backdrop of dramatically eased borrow conditions — a sharp reversal from the lending stress that gripped the stock just weeks ago.

The most striking feature of Nine's pre-earnings setup is not where the borrow market is today, but how far it has travelled. Cost to borrow peaked above 69% in early April before collapsing…