National Energy Services Reunited Corp. logo

National Energy Services Reunited Corp.

NESR

NASDAQEnergyOil & Gas Equipment & Services

Previous close

$33.03

+$0.31 · +0.95%

Aug 21, 4:00 PM ET

NESR company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

47

Fair Value

Momentum

68

Gaining

Sentiment

61

Bullish

Risk resilience

65

Moderate Risk

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Company profile

Company website

National Energy Services Reunited Corp. (NESR), established in 2017 with its headquarters in Houston, Texas, offers an extensive range of oilfield services to energy companies operating across the Middle East, North Africa, and Asia Pacific regions. The company's operations are divided into two main segments: Production Services, and Drilling and Evaluation Services. The Production Services division delivers a variety of solutions aimed at maximizing well output and maintaining essential infrastructure. These encompass hydraulic fracturing and stimulation services designed to boost production, along with numerous coiled tubing applications such as nitrogen lifting, fishing, milling, and wellbore clean-outs. It also provides both primary and remedial cementing services, nitrogen applications, and filtration services, including the supply of frac tanks and pumping units. Furthermore, this segment offers comprehensive pipeline services, covering activities like water filling, hydro testing, nitrogen purging, de-gassing, pressure testing, and critical cutting, welding, and cooling of piping and vessel systems. Additional offerings include production assurance chemicals, laboratory analysis, artificial lift systems, and specialized equipment such as surface and subsurface safety systems, high-pressure packer systems, and flow controls. NESR also supplies service tools, advanced expandable liner technology, vacuum insulated tubing technology, and boasts in-house engineering capabilities with integrated manufacturing and testing facilities. A significant part of its service portfolio also involves water management, including the sourcing, treatment, and disposal of water for oil and gas, municipal, and industrial uses. The Drilling and Evaluation Services segment focuses on the initial stages of oil and gas exploration and well construction, as well as ongoing diagnostics. It supplies various drilling and workover rigs, associated rig services, and specialized solutions for fishing operations and well remediation. This segment also provides advanced directional and turbine drilling services, sophisticated drilling fluid systems, and related technologies. For subsurface analysis and intervention, NESR performs wireline logging and slickline services—the latter being vital for tasks such like removing scale, wax, and sand build-up, setting plugs, exchanging gas lift valves, and other well applications. The segment also conducts well testing to assess the production of solids, gas, oil, and water from a well, and offers rental services for drilling tools. Complementary services include thru-tubing intervention solutions, tubular running services, and the provision of essential wellhead products, flow control apparatus, and frac equipment.

Industry
Oil & Gas Equipment & Services
Sector
Energy
Headquarters
US
CEO
Sherif Foda
Listed since
Jun 5, 2017
Employees
7,352

Market position

Day range

Current $33.03

52-week range

Current $33.03

Open
$33.23
Previous close
$32.72
Volume
1.8M
0.85× average
Average volume
2.12M
Average daily volume
Market cap
3.33B USD
Beta
0.36
Market reference 1
50-day average
$28.8017
+14.68% above average
200-day average
$22.3684
+47.66% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
35.24×
P/B (TTM)
3.2×
P/S (TTM)
2.06×
Dividend yield
0.00%

Profitability & efficiency

Gross margin
12.50%
Operating margin
9.34%
Net margin
5.77%

Financial health

Debt / equity
0.29×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends18%9%-0%-10%Gross margin, FY2021: -1.74%Gross margin, FY2022: 5.13%Gross margin, FY2023: 11.33%Gross margin, FY2024: 16.03%Gross margin, FY2025: 11.02%Operating margin, FY2021: -4.94%Operating margin, FY2022: -0.10%Operating margin, FY2023: 7.04%Operating margin, FY2024: 10.58%Operating margin, FY2025: 7.43%Net margin, FY2021: -7.36%Net margin, FY2022: -4.00%Net margin, FY2023: 1.10%Net margin, FY2024: 5.86%Net margin, FY2025: 3.86%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 -1.74%. Gross margin FY2022 5.13%. Gross margin FY2023 11.33%. Gross margin FY2024 16.03%. Gross margin FY2025 11.02%. Operating margin FY2021 -4.94%. Operating margin FY2022 -0.10%. Operating margin FY2023 7.04%. Operating margin FY2024 10.58%. Operating margin FY2025 7.43%. Net margin FY2021 -7.36%. Net margin FY2022 -4.00%. Net margin FY2023 1.10%. Net margin FY2024 5.86%. Net margin FY2025 3.86%.

Income trends

Revenue

1.32B USD+1.72%

Operating income

98.32M USD-28.60%

Net income

51.13M USD-32.99%
Income trends across reported periods1.46B USD907.46M USD352.02M USD−203.43M USDRevenue, FY2021: 876.73M USDRevenue, FY2022: 909.52M USDRevenue, FY2023: 1.15B USDRevenue, FY2024: 1.3B USDRevenue, FY2025: 1.32B USDOperating income, FY2021: −43.33M USDOperating income, FY2022: −917K USDOperating income, FY2023: 80.7M USDOperating income, FY2024: 137.7M USDOperating income, FY2025: 98.32M USDNet income, FY2021: −64.57M USDNet income, FY2022: −36.42M USDNet income, FY2023: 12.58M USDNet income, FY2024: 76.31M USDNet income, FY2025: 51.13M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 876.73M USD. Revenue FY2022 909.52M USD. Revenue FY2023 1.15B USD. Revenue FY2024 1.3B USD. Revenue FY2025 1.32B USD. Operating income FY2021 −43.33M USD. Operating income FY2022 −917K USD. Operating income FY2023 80.7M USD. Operating income FY2024 137.7M USD. Operating income FY2025 98.32M USD. Net income FY2021 −64.57M USD. Net income FY2022 −36.42M USD. Net income FY2023 12.58M USD. Net income FY2024 76.31M USD. Net income FY2025 51.13M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue1.32B USD1.3B USD1.15B USD909.52M USD876.73M USD
Cost of goods sold1.18B USD1.09B USD1.02B USD862.9M USD891.99M USD
Gross profit145.96M USD208.67M USD129.88M USD46.61M USD−15.26M USD
Selling, general, and administrative47.64M USD52.2M USD49.17M USD47.53M USD28.07M USD
Operating expenses47.64M USD70.97M USD49.17M USD47.53M USD28.07M USD
Interest expense32.51M USD39.88M USD45.83M USD34.13M USD15.17M USD
Depreciation and amortization141.73M USD142.78M USD142.23M USD115.85M USD122.13M USD
Operating income98.32M USD137.7M USD80.7M USD−917K USD−43.33M USD
Net income51.13M USD76.31M USD12.58M USD−36.42M USD−64.57M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
78%
7 beats, 1 miss, 1 met estimate
Average EPS surprise
+13.30%
9 comparable reports
Latest EPS result
0.44
Estimate 0.35 · Beat by 24.75%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.540.40.260.12Q1 '25MetQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 12, 2025: actual 0.3, estimate 0.3, surprise 0.00%, Met estimate. Q2 2025, reported Jun 3, 2025: actual 0.14, estimate 0.2, surprise -30.00%, Miss. Q3 2025, reported Aug 20, 2025: actual 0.21, estimate 0.19, surprise +10.53%, Beat. Q4 2025, reported Nov 13, 2025: actual 0.16, estimate 0.15, surprise +6.67%, Beat. Q1 2026, reported Feb 17, 2026: actual 0.32, estimate 0.26, surprise +23.08%, Beat. Q2 2026, reported May 11, 2026: actual 0.26, estimate 0.21, surprise +23.81%, Beat. Q3 2026, reported Aug 10, 2026: actual 0.44, estimate 0.353, surprise +24.75%, Beat. Q4 2026, reported Nov 12, 2026: actual —, estimate 0.5, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates555.73M461.8M367.87M273.94MQ1 '25BeatQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 12, 2025: actual 343.68M USD, estimate 308.32M USD, surprise +11.47%, Beat. Q2 2025, reported Jun 3, 2025: actual 303.1M USD, estimate 308.32M USD, surprise -1.69%, Miss. Q3 2025, reported Aug 20, 2025: actual 327.37M USD, estimate 330.9M USD, surprise -1.07%, Miss. Q4 2025, reported Nov 13, 2025: actual 295.32M USD, estimate 370.44M USD, surprise -20.28%, Miss. Q1 2026, reported Feb 17, 2026: actual 398.26M USD, estimate 370.44M USD, surprise +7.51%, Beat. Q2 2026, reported May 11, 2026: actual 404.59M USD, estimate 370.87M USD, surprise +9.09%, Beat. Q3 2026, reported Aug 10, 2026: actual 520.75M USD, estimate 448.54M USD, surprise +16.10%, Beat. Q4 2026, reported Nov 12, 2026: actual —, estimate 534.36M USD, surprise —, Comparison unavailable.

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