National Energy Services Reunited (NASDAQ:NESR) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS
Revenue rose 70.9% as the company completed refinancing and declared its first quarterly dividend, while adjusted net income climbed 156.8% year over year.
- National Energy Services Reunited Corp. reported $504.7 million in third-quarter revenue, a 70.9% year-over-year increase driven by the Jafurah contract and regional activity. The company announced its first-ever quarterly dividend of $0.10 per share, payable December 10.
- A consortium of financial institutions provided $747 million in total facilities through successful refinancing announced last Wednesday. Growth was supported by multiyear contracts in Saudi Arabia and increased activity across the Gulf Cooperation Council region.
- Adjusted EBITDA reached $95.9 million for the quarter, maintaining a 19% margin despite $5.5 million in incremental freight and logistics costs. Management invested $45 million to $50 million in inventory over six months to strengthen supply chain resilience.
- Management reaffirmed full-year 2026 revenue guidance of approximately $2 billion, citing robust activity levels and execution of recently awarded contracts. The company expects adjusted EBITDA margins of approximately 20% for the full year.
- The company continues executing its 3B3 strategy, targeting $3 billion in annual revenue to position NESR as a leader in Middle East energy services. Officials project 2027 revenue will grow over 2026, driven by high exposure to ongoing projects in the region.
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National Energy Services Reunited (NASDAQ:NESR) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS
National Energy Services Reunited (NASDAQ:NESR - Get Free Report) released its quarterly earnings results on Monday. The company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.02. National Energy Services Reunited had a net margin of 5.77% and a return on equity of 12.07%. The business had revenue of $504.73 million for the quarter, compared to analysts' expectations of $495.93 million.
National Energy Services Reunited Corp. Reports Third Quarter 2026 Financial Results and Declares Cash Dividend of $0.10 Per Share
Revenue for the quarter ended September 30, 2026, is $504.7 million, reflecting an increase of 70.9% year-over-year Net income for the quarter ended September...
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