National Energy Services Reunited (NASDAQ:NESR) Posts Earnings Results

Posted by Brenda Bartman on Nov 10th, 2026

National Energy Services Reunited (NASDAQ:NESR – Get Free Report) released its earnings results on Monday. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.02, FiscalAI reports. National Energy Services Reunited had a net margin of 5.77% and a return on equity of 12.07%. The firm had revenue of $504.73 million during the quarter, compared to analyst estimates of $495.93 million.

Here are the key takeaways from National Energy Services Reunited’s conference call:

NESR reported third-quarter revenue of $504.7 million, up 70.9% year over year, driven largely by its Jafurah contract and stronger activity in several markets. Adjusted EBITDA was $95.9 million, or a 19% margin, despite regional disruption and higher logistics costs.
The company set a 2026 revenue goal of approximately $2 billion, plus or minus, and maintained its expectation for roughly 20% full-year Adjusted EBITDA margins. Management expects 2027 growth even if regional conditions remain broadly unchanged, though its outlook depends on geopolitical developments and customer activity.
Third-quarter free cash flow was negative $45.9 million, reflecting increased inventory, capital spending, and slower customer collections; net debt rose to $160.5 million. Management said many delayed receivables were collected early in the fourth quarter and expects a year-end cash flow improvement, but that recovery remains forward-looking.
NESR completed refinancing that provides about $747 million in financing facilities, extends maturities, and adds capacity. Its board also approved the company’s first dividend of $0.10 per share, with future quarterly dividends subject to board approval.
Management reaffirmed its 3B3 strategy, targeting $3 billion in annual revenue by 2028, and cited potential contract wins, Middle East investment, and a new $200 million lithium project as growth drivers. The lithium project requires first production by the end of 2027; management’s longer-term opportunity estimates and regional recovery expectations are not guaranteed.

National Energy Services Reunited Stock Performance

Shares of NASDAQ NESR traded up $0.83 during trading on Tuesday, reaching $20.38. 2,405,183 shares of the company traded hands, compared to its average volume of 2,164,188. The stock has a market capitalization of $2.06 billion, a PE ratio of 22.15, a P/E/G ratio of 0.25 and a beta of 0.57. The firm has a 50 day simple moving average of $26.26 and a 200-day simple moving average of $25.55. National Energy Services Reunited has a 52-week low of $12.77 and a 52-week high of $36.94. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

National Energy Services Reunited Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, December 3rd will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, December 3rd. This represents a $0.40 annualized dividend and a yield of 2.0%.

Insider Activity

In other news, Director Mejia Antonio J. Campo sold 63,324 shares of the stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $35.45, for a total value of $2,244,835.80. Following the transaction, the director owned 696,398 shares in the company, valued at $24,687,309.10. This represents a 8.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Stefan Angeli sold 13,570 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $35.12, for a total transaction of $476,578.40. Following the completion of the transaction, the chief financial officer directly owned 549,763 shares in the company, valued at approximately $19,307,676.56. The trade was a 2.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 176,894 shares of company stock valued at $6,221,414 in the last ninety days. 9.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

NESR has been the subject of a number of recent research reports. Wall Street Zen cut National Energy Services Reunited from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 3rd. Zacks Research cut National Energy Services Reunited from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 1st. BMO Capital Markets initiated coverage on National Energy Services Reunited in a report on Thursday, October 1st. They set an “outperform” rating and a $39.00 price target for the company. Barclays lowered their price target on National Energy Services Reunited from $41.00 to $37.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Capital One Financial assumed coverage on shares of National Energy Services Reunited in a research note on Wednesday, September 30th. They issued an “overweight” rating and a $44.00 price target on the stock. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, National Energy Services Reunited currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.12.

Get Our Latest Stock Analysis on NESR

National Energy Services Reunited News Roundup

Here are the key news stories impacting National Energy Services Reunited this week:

Positive Sentiment: Third-quarter results beat expectations: NESR reported adjusted earnings of $0.38 per share, above the $0.36 consensus and up from $0.16 a year earlier. Revenue of $504.7 million also topped estimates of $495.9 million. Source: Zacks
Positive Sentiment: Growth outlook and shareholder return: Management is targeting about $2 billion in 2026 revenue, citing regional expansion, activity at Saudi Arabia’s Jafurah field and new technologies, despite geopolitical disruptions. The company also declared its first quarterly dividend of $0.10 per share, equivalent to a 2% indicated yield. Source: Seeking Alpha
Neutral Sentiment: Analysts remain positive but lowered targets: UBS cut its target from $46 to $40 while keeping a Buy rating; Barclays lowered its target from $41 to $37 and retained Overweight. The revisions temper expectations, though both firms continue to signal upside. Source: MarketScreener
Neutral Sentiment: Short-interest report is unclear: The update describes a large increase but reports short interest of zero shares, making it difficult to draw a reliable signal from the data.

National Energy Services Reunited Company Profile

(Get Free Report)

National Energy Services Reunited Corp. (NESR) provides oilfield services to exploration and production companies. Its offerings support drilling, well construction and the production and maintenance of oil and gas wells. The company’s services include drilling and evaluation work, such as directional drilling and wireline services, as well as production services including well intervention, stimulation and artificial lift. Its work is designed to help customers develop and operate energy resources throughout the life of a well.

Earnings History for National Energy Services Reunited (NASDAQ:NESR)

Receive News & Ratings for National Energy Services Reunited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Energy Services Reunited and related companies with MarketBeat.com's FREE daily email newsletter.