NESR Stock - National Energy Services Reunited Corp.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $1.30B | $1.15B | $909.52M | $876.73M | $834.15M |
| Gross Profit | $208.67M | $129.88M | $46.61M | $-15,261,000 | $62.09M |
| Gross Margin | 16.0% | 11.3% | 5.1% | -1.7% | 7.4% |
| Operating Income | $137.70M | $80.70M | $-917,000 | $-43,332,000 | $35.28M |
| Net Income | $76.31M | $12.58M | $-36,420,000 | $-64,568,000 | $16.55M |
| Net Margin | 5.9% | 1.1% | -4.0% | -7.4% | 2.0% |
| EPS | $0.80 | $0.13 | $-0.39 | $-0.71 | $0.19 |
National Energy Services Reunited Corp. provides oilfield services to oil and gas companies in the Middle East, North Africa, and the Asia Pacific regions. It operates through two segments, Production Services; and Drilling and Evaluation Services. The 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 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. It also provides production assurance chemicals; laboratory services; artificial lift services; and surface and subsurface safety systems, high-pressure packer systems, flow controls, service tools, expandable liner technology, vacuum insulated tubing technology, and engineering capabilities with manufacturing capacity and testing facilities, as well as sources, treats, and disposes water for oil and gas, municipal, and industrial use. The Drilling and Evaluation Services segment offers drilling and workover rigs; rig services; fishing and remedial solutions; directional and turbines drilling services; drilling fluid systems and related technologies; wireline logging services; 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 a well, as well as rents drilling tools. It also provides oilfield solutions for thru-tubing intervention; tubular running services; and a range of wellhead products, flow control equipment, and frac equipment. The company was incorporated in 2017 and is headquartered in Houston, Texas.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| September 9th 2025 | Maxim Group | Initiation | Buy | $16 |
| July 15th 2025 | Piper Sandler | Initiation | Overweight | $11 |
| January 31st 2025 | Barclays | Resumed | Overweight | $16 |
| January 21st 2025 | The Benchmark Company | Initiation | Buy | $15 |
| December 6th 2024 | JP Morgan | Initiation | Overweight | $13 |
| October 25th 2024 | BTIG Research | Initiation | Buy | $15 |
| April 25th 2022 | National Bank Financial | Downgrade | Sector Perform | $11← $13.5 |
Earnings History & Surprises
NESREPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Jun 1, 2026 | — | — | — | — |
Q2 2026 | Jun 1, 2026 | — | — | — | — |
Q1 2026 | Mar 11, 2026 | $0.25 | — | — | — |
Q4 2025 | Nov 13, 2025 | $0.15 | $0.16 | +6.7% | ✓ BEAT |
Q3 2025 | Aug 20, 2025 | $0.19 | $0.21 | +10.5% | ✓ BEAT |
Q2 2025 | Jun 3, 2025 | $0.20 | $0.14 | -30.0% | ✗ MISS |
Q1 2025 | Mar 12, 2025 | $0.30 | $0.30 | 0.0% | = MET |
Q4 2024 | Nov 19, 2024 | $0.23 | $0.31 | +34.8% | ✓ BEAT |
Q3 2024 | Aug 29, 2024 | $0.23 | $0.29 | +26.1% | ✓ BEAT |
Q2 2024 | Apr 30, 2024 | — | $0.10 | — | — |
Q2 2024 | Apr 30, 2024 | — | $0.02 | — | — |
Q1 2024 | Jan 3, 2024 | — | $0.16 | — | — |
Q2 2023 | Jun 30, 2023 | — | $0.02 | — | — |
Q2 2023 | May 10, 2023 | $0.10 | — | — | — |
Q1 2023 | Jan 4, 2023 | — | — | — | — |
Q1 2023 | Jan 4, 2023 | — | — | — | — |
Q2 2022 | Jun 20, 2022 | — | — | — | — |
Q2 2022 | Jun 20, 2022 | — | — | — | — |
Q1 2022 | Feb 9, 2022 | $0.10 | $-0.94 | -1042.3% | ✗ MISS |
Q4 2021 | Nov 3, 2021 | $0.07 | $0.08 | +14.3% | ✓ BEAT |
Latest News
National Energy Services Reunited Highlights Unconventional Frac Contract Signing Amid Saudi US Investment Forum And High Level Delegation Meetings
📈 PositivePiper Sandler Maintains Overweight on National Energy Services, Raises Price Target to $19
📈 PositiveBarclays Maintains Overweight on National Energy Services, Raises Price Target to $25
📈 PositiveBTIG Maintains Buy on National Energy Services, Raises Price Target to $16
📈 PositiveNESR stock has given up its prior loss. National Energy Services shares were trading lower after the company reported Q3 earnings and revenue below estimates.
➖ NeutralNational Energy Services shares are trading lower after the company reported Q3 earnings and revenue below estimates.
📉 NegativeNational Energy Services Q3 Adj. EPS $0.16 Misses $0.18 Estimate, Sales $295.315M Miss $307.440M Estimate
📉 NegativeNational Energy Services part of multi-billion dollar contract award from Saudi Aramco
📈 PositiveNational Energy Services Reunited Awarded Aramco's Five-Year Tender For Services Completion In Jafurah
📈 PositivePiper Sandler Maintains Overweight on National Energy Services, Raises Price Target to $15
📈 PositiveJP Morgan Maintains Overweight on National Energy Services, Raises Price Target to $19
📈 PositiveNESR And Kuwait Drilling Company Win 4-Year $200M Contract For 80-Well Drilling Campaign In Jordan
📈 PositiveMaxim Group Initiates Coverage On National Energy Services with Buy Rating, Announces Price Target of $16
📈 PositivePiper Sandler Maintains Overweight on National Energy Services, Raises Price Target to $13
📈 PositiveNational Energy Services shares are trading higher after the company reported better-than-expected Q2 financial results.
📈 PositiveCORRECTION: National Energy Services Q2 Adj. EPS $0.21 Beats $0.18 Estimate, Sales $327.368M Beat $316.567M Estimate
📈 PositiveFrequently Asked Questions about NESR
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