National Energy Services Reunited NESR

32.13 (0.64) (1.95%) as of 25 Sep
Market cap
$3.3B
P/E
34.2×
Growth Flags show if company had growth for consecutive years

Insider Decisions

Total sells 141.96
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — 4 3 — 2 1
Insider Ownership 8.90%

Capital & Financial Ratios

Market Cap 3,300.00
Revenue 1,618.91
Net Income 93.38
Free Cash Flow 161.68
Net Debt 99.63
Current Ratio 1.02
Debt/Equity 0.26
P/E ratio 34.18
P/S ratio 2.00
P/B ratio 3.11
Past 5Y EPS Growth 11.99%
This Y EPS Growth 123.41%
Next Y EPS Growth 60.16%
Next 5Y EPS Growth 62.48%
in millions of $

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2028 Powerpack
2027 Powerpack
2026 Powerpack
2025 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 68 108 125 175
Receivables 307 287 354 437
Inventory 98 97 95 126
Other 59 48 57 77
542 541 630 815
2023 2024 2025 Q'26
Payables 351 305 421 603
ST’ Debt 121 128 119 115
Other 31 29 25 29
533 504 605 802
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — 9.68% 13.34%
Cash Flow — 14.32% 41.85%
Earnings — 0.41% 0.00%
Book Value — 0.49% 6.45%

Revenue

Mar Jun Sep Dec Year
’26 405 521 — — —
’25 303 327 295 398 1,324
’24 297 325 336 344 1,302
’23 — 280 300 — 1,146
’22 — — — — 910
’21 212 — — — 877
’20 199 203 218 213 834
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 31 174 — — —
’25 20 98 7 139 264
’24 70 43 71 46 229
’23 — 72 68 — 177
’22 — — — — 93
’21 46 — — — 128
’20 10 43 33 49 135
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 (5) 101 — — —
’25 (9) 70 (33) 99 126
’24 31 28 44 23 127
’23 — 35 41 — 111
’22 — — — — (29)
’21 36 — — — 23
’20 (14) 17 9 30 43
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 0.23 0.43 — — —
’25 0.11 0.16 0.18 0.08 0.52
’24 0.10 0.20 0.22 0.28 0.80
’23 — 0.02 0.16 — 0.13
’22 — — — — (0.39)
’21 0.12 — — — (0.71)
’20 0.13 0.12 0.13 0.18 0.56
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1.1
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
— — — — — — — — 7.68 5.20

Analyst estimates 2026–2028

Powerpack
Low Price
— — — — — — — — 9.89 15.83
High Price
— — 3,590 4,536 5,581 — 5,968 6,231 6,554 7,352
Employees
0 0 0 0 0 0 0 0 0 0
Revenue/Emp
224 271 486 658 834 877 910 1,146 1,302 1,324
Revenue
29.78% 26.23% 27.23% 23.02% 18.63% 0.32% 7.20% 12.97% 16.03% 12.44%
Gross Margin
11 33 53 52 61 (61) (30) 30 95 60
EBT
4.91% 12.14% 11.01% 7.96% 7.29% (6.91%) (3.28%) 2.60% 7.34% 4.56%
EBT Margin
8 28 42 39 50 (65) (36) 13 76 51
Net Income
52 38 60 88 121 122 116 142 143 142
Depreciation
0.66 0.79 5.68 7.57 9.39 9.63 9.78 12.09 13.63 13.45
Revenue/Sh
0.02 0.08 0.60 0.45 0.56 (0.72) (0.39) 0.13 0.80 0.52
Earnings/Sh
0.23 0.24 0.72 1.02 1.52 1.40 1.00 1.87 2.40 2.68
Cash Flow/Sh
(0.18) (0.14) (0.32) (1.22) (1.04) (1.15) (1.31) (0.70) (1.07) (1.41)
Capex/Sh
0.05 0.10 0.40 (0.20) 0.48 0.26 (0.31) 1.17 1.33 1.28
Free CF/Sh
0.00 1.14 9.71 10.19 10.63 9.02 8.63 8.67 9.51 9.83
Book Value/Sh
341 342 86 87 89 91 93 95 95 98
Shares
18.92 18.92 18.92 18.92 18.92 18.92 18.92 18.92 11.20 29.55
PE Ratio
0.71 0.71 0.71 0.71 0.71 0.71 0.71 0.71 0.66 1.16
PS Ratio
1.01 1.01 1.01 1.01 1.01 1.01 1.01 1.01 0.94 1.59
PB Ratio
0.99 0.99 0.99 0.99 0.99 0.99 0.99 0.99 0.87 1.30
EV/Sales
8.78 8.78 8.78 8.78 8.78 8.78 8.78 8.78 8.88 13.74
EV/FCF
79 83 62 89 135 128 93 177 229 264
Op' Cash Flow
(61) (48) (28) (106) (93) (104) (122) (66) (102) (139)
Capex
18 35 34 (17) 43 23 (29) 111 127 126
FCF
— 99 77 175 156 195 (6) 8 37 25
Working Cap'
— 156 302 384 398 596 535 452 383 310
Total Debt
— 128 277 310 323 390 456 384 275 185
Net Debt
0 389 831 886 944 821 802 821 908 968
Sh' Equity
0.00% 9.89% 4.36% 2.75% 3.12% (3.67%) (1.99%) 0.69% 4.27% 2.82%
ROA
0.00% 4.86% 3.73% 3.75% 3.33% (2.24%) (0.05%) 4.18% 7.27% 5.33%
ROIC
0.00% 0.00% 7.01% 4.58% 5.47% (7.31%) (4.49%) 1.55% 8.82% 5.45%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

National Energy Services Reunited peers in Oil & Gas Equipment & Services

All 46 Oil & Gas Equipment & Services stocks →

National Energy Services Reunited (NESR) key facts

  • National Energy Services Reunited (NESR) is an Oil & Gas Equipment & Services company in the Energy sector, listed on Nasdaq.
  • National Energy Services Reunited’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 1.72% from fiscal 2024.
  • As of September 25, 2026, NESR traded at $32.13, a market capitalization of $3.3 billion.
  • Return on equity was 5.45% and debt-to-equity 0.26.

Source: company filings (standardised) and stockrow calculations.

National Energy Services Reunited (NESR) Latest News

News by impact score

Fine-tune

24 Sep

3

Forum Energy Technologies (FET) is delivering standout year-to-date gains, up about 123.8% and leading the Oils-Energy sector, which has risen about 31.4%. National Energy Services Reunited (NESR) has also outperformed, with a 109.5% YTD rise. Both stocks carry top Zacks ranks (#1 Strong Buy) as analysts push more optimistic earnings outlooks: FET's full-year earnings estimate has jumped 85.6% over the past 90 days, while NESR's current-year EPS estimate has increased 8.3% in three months. These stocks sit in the Oil and Gas - Mechanical and Equipment industry, a 12-company group that has gained roughly 37.7% this year, helping NESR and FET outperform peers. The sector sits at #4 in the Zacks Sector Rank, and expectations of continued solid performance are noted for investors watching Oils-Energy names. YTD outperformance vs. sector and rising EPS estimates imply a moderate near-term boost in investor sentiment for NESR.

22 Sep

4

NESR aims to hit a $3 billion revenue run rate within three years via its 3B3 strategy, leveraging scale in the MENA region to win larger contracts while expanding its technology portfolio. Its frontier programs—ROYA (advanced drilling) and NEDA (decarbonization and water/mineral recovery)—are moving toward commercialization to broaden service offerings beyond conventional oilfield work. Management views MENA as an attractive, though volatile, market and expects its growing contract funnel and tech push to drive growth. The company competes with FET and NOV; its stock has outpaced peers recently, with a higher EV/EBITDA and a Buy Zacks rating. Commercializing ROYA and NEDA while scaling in MENA could materially accelerate NESR's growth and competitive position.

18 Sep

4

NESR posted strong earnings beat and secured mega contract in Kuwait. Earnings beat and Kuwait mega contract represent major strategic wins likely to boost NESR trajectory.

3

National Energy Services Reunited (NESR) upgraded to Strong Buy rating. Analyst upgrade to Strong Buy can moderately lift near-term stock sentiment and trading activity without altering core operations.

17 Sep

4

NESR pursues larger Middle East contracts with potential to accelerate 3B3. Targeting bigger regional contracts signals major expansion that could reshape NESR trajectory.

16 Sep

3

NESR Q2 earnings are reviewed alongside other oilfield services stocks, highlighting company performance in the sector. Q2 earnings provide moderate insight into NESR financial results and market positioning.

3 Sep

4

National Energy Services Reunited launches ambitious 3B3 Growth Plan that could alter its bull case and future outlook. NESR's ambitious 3B3 Growth Plan marks a major strategic move likely to significantly shift its trajectory.

4

NESR's 3B3 Strategy offers a clear path to long-term expansion. NESR's 3B3 Strategy represents a major strategic move that could significantly alter the company's trajectory and investor sentiment.

20 Aug

3

National Energy Services Reunited (NESR) replaced its independent auditor. Auditor change may signal accounting issues that affect short-term investor sentiment and financial reporting credibility.

17 Aug

3

NESR addressed top 5 analyst questions during its Q2 earnings call. Q2 earnings call analyst questions can moderately shape investor views on NESR operations and outlook.

13 Aug

4

NESR reports accelerated Q2 growth driven by Jafurah project ramp-up and stronger regional execution. Jafurah ramp and regional execution gains point to major strategic progress that can lift NESR trajectory and investor views.

12 Aug

4

NESR shares rose 25.2% after the company beat earnings estimates and secured new contracts in Kuwait. Earnings beat and new Kuwait contracts directly strengthen NESR revenue outlook and market position.

10 Aug

4

NESR delivered record Q2 2026 results per its earnings call highlights. Record quarterly performance signals major gains in operations and market position.

4

National Energy Services Reunited reported strong Q2 CY2026 sales, driving a sharp rise in its stock price. Strong quarterly sales directly improve NESR revenue outlook and lift share price.

4

National Energy Services Reunited Corp. reported its second quarter 2026 financial results. Quarterly earnings releases typically drive notable shifts in investor sentiment and stock valuation.

3 transcript

NESR reported Q2 financial results and operational updates during its earnings call, covering revenue, profitability metrics, regional performance in the Middle East and North Africa, and management outlook on contract backlog and energy services demand. Q2 earnings call delivers financial metrics and forward guidance that can shift near-term investor sentiment and valuation.

9 Aug

3

National Energy Services Reunited secures contracts in Kuwait, raising questions on whether its stock price already reflects the positive development. Kuwait contract wins offer revenue growth potential for NESR but face questions over existing stock valuation limits.

5 Aug

4

NESR has secured $300 million in multiple services and technology contracts in Kuwait. Securing $300 million in contracts marks a major revenue increase and bolsters NESR positioning in Kuwait.

17 Jul

3

NESR shows sustained positive momentum expected to continue supporting future performance and market position. Ongoing momentum signals can lift investor sentiment and near-term stock trajectory for NESR.

8 Jul

3

NESR posts strong Q1 results keeping valuation focus while building hopes around Jafurah project progress. Q1 strength and Jafurah prospects create moderate effects on NESR financial outlook and sentiment.

22 Jun

3

NESR reports Q1 earnings, prompting buy, sell or hold analysis on the stock. Q1 earnings and related investment advice may moderately influence NESR stock trajectory.

12 Jun

4

Middle East tensions spotlight valuation gaps and risks for National Energy Services Reunited (NESR). Middle East tensions increase NESR operational risks and affect its market valuation.

23 May

4

National Energy Services Reunited launches capital returns after posting a record quarter. Record quarter enables capital returns that strengthen investor sentiment and support share performance.

20 May

3

NESR's Q1 earnings call drew analyst questions on operational performance, revenue trends, regional expansion plans, cost management and competitive positioning in energy services markets. Q1 earnings discussion highlights moderate short-term effects on investor views of NESR's financial trajectory and strategy execution.

18 May

4 transcript

National Energy Services Reunited Corp posted record revenue in Q1 2026 earnings call. Record revenue directly strengthens financial results and investor outlook for NESR.

14 May

3

National Energy Services Reunited (NESR) share price rallied powerfully recently, prompting valuation assessment amid questions on sustainability and future prospects. NESR's powerful share price rally influences market sentiment and valuation perceptions moderately without fundamentally altering long-term trajectory.

11 May

5

National Energy Services Reunited (NESR) reported strong Q1 2026 earnings and introduced a new capital return plan, positioning it as a potential game changer for the company's future. Strong Q1 2026 earnings and new capital return plan signal profound, transformative potential for NESR's competitive position and long-term prospects.

4

National Energy Services Reunited Corp. released Q1 2026 earnings call summary highlighting financial results, operational updates, and future outlook for the energy services provider. Quarterly earnings summaries reveal financial health and guidance that significantly shape investor expectations and market trajectory.

4

National Energy Services Reunited (NESR) released Q1 earnings call highlights covering financial results, operational updates, and future outlook. Q1 earnings call highlights detail financial performance and strategic direction with potential to significantly sway NESR's trajectory and market sentiment.

4

National Energy Services Reunited (NESR) beat Q1 earnings and revenue estimates. Beating Q1 earnings and revenue estimates signals strong financial performance, likely enhancing investor confidence and stock trajectory.

stockrow.com/NESR · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com