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

National Energy Services Reunited (NASDAQ:NESR) posted its quarterly earnings data on Tuesday. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.07, FiscalAI reports. National Energy Services Reunited had a net margin of 3.86% and a return on equity of 8.57%. The firm had revenue of $398.26 million during the quarter. The business’s revenue was up 15.9% on a year-over-year basis.

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

• NESR started the Jafurah fracturing program on schedule, says supply‑chain issues are solved, expects steady‑state ramp by Q2 with additional fleets and further efficiency/margin upside as its SPARK facility and tech-led maintenance come online.
• Q4 delivered a company record of $398.3 million in revenue (up 34.9% sequentially) and strong free cash flow ($120.8M FY), while net debt fell to $185.3 million (net debt/EBITDA 0.66), strengthening the balance sheet for growth and capital returns.
• Management highlights a large MENA tender pipeline (management cited ~$2–3 billion of bids) and major country programs in Kuwait, Libya, Abu Dhabi and North Africa, supporting a multi‑year growth runway and management’s ambition to grow beyond the original $2 billion target.
• Q4 adjusted EBITDA included $24.1 million of charges (CECL provisions, ~$8.1M impairments, $4.7M mobilization restructuring and other write‑offs), which management calls mostly one‑time but underscore execution and credit exposures in select markets (e.g., Oman, vendor bankruptcy impacts).
• For 2026 management expects to exit the year near a ~$2 billion annualized revenue run‑rate, CapEx around $165 million, EBITDA margins broadly consistent with 2025 and free‑cash‑flow conversion of ~35–40%, indicating continued growth but with typical Q1 seasonality.

National Energy Services Reunited Price Performance

National Energy Services Reunited stock opened at $24.59 on Thursday. The company has a current ratio of 1.10, a quick ratio of 0.92 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $2.37 billion, a P/E ratio of 46.39, a PEG ratio of 0.70 and a beta of 0.25. The business has a 50-day moving average of $18.06 and a 200-day moving average of $13.44. National Energy Services Reunited has a 1 year low of $5.20 and a 1 year high of $25.13.

Hedge Funds Weigh In On National Energy Services Reunited

Institutional investors and hedge funds have recently made changes to their positions in the company. Encompass Capital Advisors LLC lifted its stake in National Energy Services Reunited by 4.3% in the 2nd quarter. Encompass Capital Advisors LLC now owns 9,205,887 shares of the company’s stock valued at $55,419,000 after acquiring an additional 382,640 shares in the last quarter. Dodge & Cox lifted its position in National Energy Services Reunited by 5.6% during the 3rd quarter. Dodge & Cox now owns 2,255,894 shares of the company’s stock worth $23,145,000 after buying an additional 119,100 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of National Energy Services Reunited during the 3rd quarter worth about $22,722,000. Boston Partners grew its holdings in shares of National Energy Services Reunited by 155.6% in the 4th quarter. Boston Partners now owns 1,953,328 shares of the company’s stock valued at $30,594,000 after acquiring an additional 1,189,035 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of National Energy Services Reunited by 1,482.3% in the 4th quarter. Millennium Management LLC now owns 1,237,585 shares of the company’s stock valued at $19,381,000 after acquiring an additional 1,159,372 shares in the last quarter. Institutional investors and hedge funds own 15.55% of the company’s stock.

Analyst Upgrades and Downgrades

NESR has been the subject of several research analyst reports. Zacks Research cut shares of National Energy Services Reunited from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 11th. BTIG Research boosted their target price on National Energy Services Reunited from $16.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday. Maxim Group set a $30.00 price target on National Energy Services Reunited in a research note on Monday, January 12th. UBS Group reiterated a “buy” rating on shares of National Energy Services Reunited in a research report on Thursday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of National Energy Services Reunited in a research report on Monday, December 29th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $25.14.

About National Energy Services Reunited

National Energy Services Reunited Corp (NASDAQ: NESR) is a publicly traded oilfield services company formed in 2021 through a business combination that brought together complementary drilling and production service providers. The company’s mission is to deliver integrated solutions across the upstream oil and gas value chain, combining regional expertise with global operational standards.

NESR’s service portfolio spans drilling, completion and production, offering products and capabilities such as cementing, coiled tubing, hydraulic fracturing, well stimulation, pumping services and intervention solutions.