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National Energy Services Reunited/$NESR

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About National Energy Services Reunited

National Energy Services Reunited Corp is an oilfield services provider in the Middle East and North Africa (MENA) region serving oil and natural gas companies. It provides upstream and midstream oilfield services, including hydraulic fracturing, coiled tubing, stimulation and pumping, cementing, as well as drilling and evaluation services such as rigs, directional drilling, drilling and completion fluids, pressure control, and well testing. Its segments are Production Services, which includes services during the completion and production stages of a well's lifecycle and generates maximum revenue, and Drilling and Evaluation Services, which includes services related to drilling operations during the well construction stage. The majority of revenue is generated from the MENA region.
Ticker
$NESR
Sector
Energy
Primary listing
NASDAQ
Employees
7,352

NESR Metrics

BasicAdvanced
$2.1B
22.39
$0.92
0.40
-

What the Analysts think about NESR

Analyst ratings (Buy, Hold, Sell) for National Energy Services Reunited stock.
Analyst projections of the future price of National Energy Services Reunited stock.

Bulls say / Bears say

NESR delivered record second-quarter revenue of $520.8 million, up 59.1% year on year, while net income rose to $44.0 million and adjusted EBITDA reached a record $106.2 million. The strong results show that higher activity is translating into substantial profit growth. (National Energy Services Reunited)
The Jafurah contract is driving a significant Saudi growth ramp: four fracturing fleets were active in Q2, and a fifth had been shipped to Saudi Arabia. More work from this project could support further growth as the contract scales. (The Motley Fool)
NESR won Kuwait contracts worth $300 million over five years across both major service segments. The awards also include a master technology agreement, adding longer-term work and a route to deploy more of its technology in the country. (National Energy Services Reunited)
Regional disruption is already affecting activity and costs: NESR reported lower work in Iraq and about $4 million of additional freight and logistics expense in Q2. Further disruption could weigh on utilisation and margins across its MENA operations. (The Motley Fool)
Cash generation may be less robust than the headline Q2 free cash flow suggests: the $99.9 million figure included about $40 million from payment timing, while quarterly capital spending was $74.1 million. Management also expected full-year capital expenditure of $210 million to $215 million. (The Motley Fool)
Refinancing remains an execution risk: $114.9 million of debt was classified as short term at the end of June, and NESR said it was working with lenders to refinance and extend its facilities. Available borrowing capacity had fallen to $21.3 million, making a timely extension important. (U.S. Securities and Exchange Commission)
Data summarised monthly by Lightyear AI. Last updated on 29 Oct 2026.

NESR Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

NESR Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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