National Energy Services Reunited Corp. (NESR)
National Energy Services Reunited Corp. brought in $1.8B of revenue over the twelve months to September 30, 2026. Net income was $110M, a net margin of 6.0%. Operating cash flow minus capital spending left $120.8M of free cash flow in fiscal 2025. At September 30, 2026 it held $106.8M in cash against $208.4M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 9, 2026.
Key facts about National Energy Services Reunited Corp.
- Net worth
- National Energy Services Reunited Corp. has a market value (market cap) of $2B at the latest share price, and shareholders' equity of $1.1B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $1.3B (+1.7% year on year), with net income of $51.1M. Over the 12 months to September 30, 2026: revenue $1.8B, net income $110M.
- Cash flow
- In fiscal 2025 operations brought in $264.2M of cash; after $143.5M of capital spending, free cash flow was $120.8M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 9, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- National Energy Services Reunited Corp.'s next report is expected around February 8, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What National Energy Services Reunited Corp. does
National Energy Services Reunited Corp. is registered with the SEC under industry code SIC 1389 (Oil & Gas Field Services, NEC). Its shares trade on NASDAQ under the ticker NESR.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $1.3B | $51.1M | $0.52 | $120.8M |
| 2024 | $1.3B | $76.3M | $0.80 | $124.2M |
| 2023 | $1.1B | $12.6M | $0.13 | $108.8M |
| 2022 | $909.5M | -$36.4M | -$0.39 | -$29.8M |
| 2022 | $876.7M | -$64.6M | -$0.71 | $20.7M |
| 2020 | $834.2M | $16.6M | $0.18 | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where NESR ranks in Energy
Latest SEC filings
What National Energy Services Reunited Corp. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 9, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 71% to $504.7M versus the same quarter last year; diluted EPS $0.33 versus $0.18.
- November 9, 2026
- November 5, 2026Passive stake changed SCHEDULE 13G/A
- November 4, 2026
- August 10, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 59% to $520.8M versus the same quarter last year; diluted EPS $0.43 versus $0.16.
- August 10, 2026
- August 10, 2026Auditor change 8-K
- July 21, 2026
- May 26, 2026
- May 15, 2026Passive stake changed SCHEDULE 13G/A
What is NESR worth? A DCF from its reported cash flow
Insider trades
What the people running National Energy Services Reunited Corp. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $6.2M worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 9, 2026 | Campo Mejia Antonio JDirector | Sold | 63,324 | $2.2M |
| September 2, 2026 | Foda SherifChief Executive Officer, Director | Gave as a gift | 675,000 | - |
| September 2, 2026 | Foda SherifChief Executive Officer, Director | Gave as a giftindirect | 675,000 | - |
| August 31, 2026 | Foda SherifChief Executive Officer, Director | Sold | 100,000 | $3.5M |
| August 18, 2026 | Angeli StefanChief Financial Officer | Sold | 13,570 | $476.6K |
| August 14, 2026 | Angeli StefanChief Financial Officer | Received as pay | 33,333 | - |
| August 14, 2026 | Angeli StefanChief Financial Officer | Received as pay | 30,000 | - |
| August 14, 2026 | Campo Mejia Antonio JDirector | Received as pay | 10,000 | - |
Who owns NESR
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Olayan Financing Company13D, may seek influence with 1 related filers | 19.1% | November 4, 2024 |
| Fmr LLC13G, passive with 1 related filers | 10.1% | May 7, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 226 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Fmr LLC | 10,918,231 | +1,741,189 |
| BlackRock, Inc. | 4,847,106 | +1,151,090 |
| Encompass Capital Advisors LLC | 3,102,538 | -1,158,851 |
| Dimensional Fund Advisors LP | 2,976,034 | +1,015,447 |
| Boston Partners | 2,140,325 | -72,994 |
| Alyeska Investment Group, L.P. | 1,912,961 | +1,366,511 |
| Holocene Advisors, LP | 1,844,619 | +896,618 |
| Geode Capital Management, LLC | 1,807,629 | +888,102 |
| Ameriprise Financial Inc | 1,724,379 | +390,725 |
| Goldman Sachs Group Inc | 1,694,314 | +834,574 |
| Dodge & Cox | 1,595,994 | -4,000 |
| Citadel Advisors LLC | 1,540,888 | +548,348 |
| Voya Investment Management LLC | 1,477,163 | +1,466,243 |
| State Street Corp | 1,422,960 | +385,059 |
| Vanguard Portfolio Management LLC | 1,265,571 | +448,363 |
| Nuveen, LLC | 1,231,993 | +455,603 |
| Millennium Management LLC | 1,227,885 | +416,487 |
| Jacobs Levy Equity Management, Inc | 1,181,631 | +341,669 |
| Morgan Stanley | 1,160,714 | +358,998 |
| GeoSphere Capital Management, LLC | 799,578 | +250,000 |
Insiders
7 insiders reported holding 4,588,402 shares in total, about $93.1M at the last price.
| Holder | Shares |
|---|---|
| Foda SherifChief Executive Officer, Director | 3,084,643675,000 held indirectly |
| Campo Mejia Antonio JDirector | 696,398 |
| Angeli StefanChief Financial Officer | 549,763 |
| Al-Nowais Yousif Mohammed Ali NasserDirector | 229,198229,198 held indirectly |
| Chase Anthony RDirector | 17,800 |
| Pollina Lisa ADirector | 7,800 |
| Razouqi MaenDirector | 2,800 |
Questions about NESR
What does National Energy Services Reunited Corp. do?
National Energy Services Reunited Corp. is a company in the Energy sector, listed on NASDAQ as NESR. Its shares trade on NASDAQ under the ticker NESR.
What is National Energy Services Reunited Corp.'s net worth?
National Energy Services Reunited Corp. has a market value (market cap) of $2B at the latest share price, and shareholders' equity of $1.1B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is National Energy Services Reunited Corp. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $110M on revenue of $1.8B, a net margin of 6.0%.
How much revenue does National Energy Services Reunited Corp. make?
Over the twelve months to September 30, 2026 National Energy Services Reunited Corp. reported revenue of $1.8B.
When did National Energy Services Reunited Corp. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 9, 2026. It covers the period to September 30, 2026.
When is National Energy Services Reunited Corp.'s next earnings report?
National Energy Services Reunited Corp.'s next report is expected around February 8, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values National Energy Services Reunited Corp. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.