NESR Q1 FY26 net income rises to $23.8 million; revenue climbs 33.5% to $404.6 million

National Energy Services Reunited Corp.

National Energy Services Reunited Corp.

NESR

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  • NESR posted Q1 2026 revenue of US$404.6 million, up 33.5% year over year and up 1.6% sequentially.
  • Net income climbed to US$23.8 million, up 129.3% year over year and more than tripling sequentially; diluted EPS rose to US$0.23, up 109.1% year over year.
  • Adjusted EBITDA increased to US$76.7 million, up 22.7% year over year; operating cash flow rose to US$30.7 million, up 50.1% year over year.
  • Management cited higher activity in hydraulic fracturing and well testing, with growing contribution from Saudi Arabia’s Jafurah unconventional field; recent multi-year contract awards in Kuwait and North Africa were highlighted.
  • Capital return program was set to include a quarterly cash dividend expected to start in Q4 2026 at US$0.10 per ordinary share, alongside authorization to repurchase up to US$50 million of ordinary shares.


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