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Accesswire
28 days ago
National Energy Services Reunited Corp. Reports First Quarter 2026 Financial Results
Revenue for the quarter ended March 31, 2026, is $404.6 million, reflecting an increase of 33.5% year-over-year and 1.6% sequentially Net income for the quarter ended March 31, 2026, is $23.8 million, improving 205.4% sequentially and 129.3% year-over-year Diluted Earnings per Share (EPS) for the three months ended March 31, 2026 is $0.23, representing an increase of 109.1% year-over-year and 201.3% sequentially Adjusted EBITDA (a non-GAAP measure)** for the quarter ended March 31, 2026, is $76.7 million, improving 22.7% year-over-year Operating cash flow for the quarter ended March 31, 2026, is $30.7 million, growing 50.1% year-over-year HOUSTON, TX / ACCESS Newswire / May 11, 2026 / National Energy Services Reunited Corp. ("NESR" or the "Company"), a leading integrated energy services provider in the Middle East and North Africa ("MENA"), today announced its financial results as of and for the three-month period ended March 31, 2026. The Company delivered the following results for the periods presented: Three Months Ended Variance (in thousands except per share amounts and percentages) March 31, 2026 December 31, 2025 March 31, 2025 Sequential Year- over- year Revenue $ 404,586 $ 398,262 $ 303,102 1.6 % 33.5 % Net income 23,827 7,803 10,391 205.4 % 129.3 % Adjusted net income (non-GAAP)** 26,733 31,879 12,963 (16.1 )% 106.2 % Adjusted EBITDA (non-GAAP)** 76,671 84,414 62,463 (9.2 )% 22.7 % Diluted EPS 0.23 0.08 0.11 201.3 % 109.1 % Adjusted Diluted EPS (non-GAAP)** 0.26 0.32 0.14 (17.8 )% 85.7 % **The Company presents its financial results in accordance with generally accepted accounting principles in the United States of America ("GAAP").
