News & Events zu National Energy Services Reunited Corp (NESR)NESRNational Energy Services Reunited Corp

NESR Reports Q2 Revenue of $520.75M, Net Income Nearly Triples

Reports Q2 revenue $520.75M, consensus $448.54M. Stefan Angeli, Chief Financial Officer, commented, "The second quarter was another exceptional quarter for NESR, delivering record revenue, record Adjusted EBITDA and our strongest quarterly earnings to date. Revenue grew 59% year-over-year to $520.8 million, while net income nearly tripled from the prior year to $44.0 million, demonstrating the significant operating leverage embedded in our business. Higher activity levels and disciplined execution translated into pronounced margin expansion, record profitability and robust cash generation. During the first half of the year, we generated over $200 million of operating cash flow, produced nearly $95 million of free cash flow and reduced net debt, reflecting effective working capital management and a continued focus on capital allocation. These results reinforce the scalability of the NESR platform and our ability to consistently translate growth into expanding profitability, strong cash generation and long-term shareholder value."

National Energy Services Secures $300M Contracts in Kuwait

National Energy Services announced multiple contract awards in Kuwait, totaling $300M over five years. The awards span both production services and drilling and evaluation segments and include a master technology agreement, or MTA, that will facilitate the deployment of NESR's open technology platform through the company's in-country research hub.