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National Energy Services Reunited Corp.

NASDAQ•NESR
CEO: Mr. Sherif Foda
Sector: Energy
Industry: Oil & Gas Equipment & Services
Listing Date: 2017-06-05
National Energy Services Reunited Corp. provides oilfield services in the Middle East and North Africa region. The company's Production Services segment offers hydraulic fracturing services; coiled tubing services, including nitrogen lifting, fishing, milling, clean-out, scale removal, and other well applications; stimulation and pumping services; primary and remedial cementing services; nitrogen services; filtration services, as well as frac tanks and pumping units; and pipeline and industrial services, such as water filling and hydro testing, nitrogen purging, and de-gassing and pressure testing, as well as cutting/welding and cooling down piping/vessels systems. This segment also provides production assurance chemicals; integrated project management projects; artificial lift services; and surface and subsurface safety systems, high-pressure packer systems, flow controls, service tools, expandable liner technology, vacuum insulated tubing technology for steam applications, and engineering capabilities with manufacturing capacity and testing facilities, as well as sources and treats water for oil and gas, municipal, and industrial use. Its Drilling and Evaluation Services segment offers drilling and workover rigs; rigs and integrated services; fishing and remediation solutions; directional and turbines drilling; drilling fluid systems and related technologies; wireline logging; slickline services for removal of scale, wax and sand build-up, setting plugs, changing out gas lift valves, and fishing and other well applications; and well testing services to measure solids, gas, and oil and water produced from well, as well as rents drilling tools. This segment also provides oilfield solutions for thru-tubing intervention; tubular running services; and a range of wellhead products, flow control equipment, and frac equipment. National Energy Services Reunited Corp. was incorporated in 2017 and is headquartered in Houston, Texas.
Contact Information
777 Post Oak Boulevard, 7th Floor Suite 730, Houston, TX, 77056, United States
832-925-3777
www.nesr.com
Market Cap
$2.21B
P/E (TTM)
43.2
22.6
Dividend Yield
--
52W High
$26.85
52W Low
$5.20
52W Range
77%
Rank43Top 50.7%
3.8
F-Score
Modified Piotroski Analysis
Based on 8-year fundamentals
Weak • 3.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2018-2025

Financial Dashboard

Q4 2025 Data

Revenue

$398.26M+0.00%
4-Quarter Trend

EPS

$0.08+0.00%
4-Quarter Trend

FCF

$95.76M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Drilling Revenue Increased Drilling/Evaluation revenue reached $508.0M in 2025, up from $423.6M in 2024, driven by increased business activity in Saudi Arabia and Kuwait.
Operating Cash Flow Strong Cash provided by operating activities was $264.2M in 2025, increasing $34.9M from $229.3M in 2024 due to improved working capital control.
Capital Expenditures Increased Capital expenditures totaled $143.5M in 2025, up from $105.1M in 2024, primarily funding equipment purchases to support expected revenue growth.
Production Revenue Declined Production Services revenue fell to $816.0M in 2025 versus $878.1M in 2024 due to reduced hydraulic fracturing stages upon contract transition.

Risk Factors

Gross Margin Compressed Gross profit margin dropped to 12.4% in 2025 from 16.0% in 2024 due to elevated cost structure supporting higher activity levels going forward.
MENA Geopolitical Instability Operations concentrated in MENA face risks from political instability, including recent escalation of major military conflict in the region affecting airspace.
Technology Advancement Lag Inability to keep pace with technology developments, including advancements in artificial intelligence, could adversely affect ability to maintain or grow market share.
Global Tax Rule Complexity Implementation of OECD Pillar Two framework increases complexity, compliance costs, and potential volatility in effective tax rates across multiple jurisdictions.

Outlook

Deploying Roya Technology Management expects deliberate deployment of Roya™ advanced directional drilling platform to penetrate high-end market for commercial success in coming years.
NEDA Portfolio Expansion NEDA service line continues building circular water portfolio, having successfully completed a first-in-country Direct Lithium Extraction pilot campaign in 2025.
U.S. Issuer Compliance Transitioning to U.S. domestic issuer status starting January 1, 2026, requires incurring higher regulatory, legal, and accounting expenses and time.

Peer Comparison

Revenue (TTM)

DNOW stock ticker logoDNOW
$2.82B
+18.8%
MRC stock ticker logoMRC
$2.76B
-13.7%
RES stock ticker logoRES
$1.63B
+15.0%

Gross Margin (Latest Quarter)

LPG stock ticker logoLPG
51.2%
+28.3pp
NPKI stock ticker logoNPKI
37.7%
+4.5pp
NVGS stock ticker logoNVGS
32.3%
+24.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
NESR$2.21B43.25.4%18.9%
VET$1.99B-4.2-24.9%24.2%
PUMP$1.77B1833.90.1%19.3%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
9.5%
Steady Growth
4Q Net Income CAGR
-9.1%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:Apr 30, 2026
|
EPS:$0.24
|
Revenue:$377.38M
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement
LTM
No Data