National Energy Services Reunited Corp.

National Energy Services Reunited Corp.

NESRยทNASDAQ

$24.98

-0.10%
EnergyOil & Gas Equipment & Services

National Energy Services Reunited Corp. provides oilfield services to oil and gas companies in the Middle East, North Africa, and the Asia Pacific regions. It operates through two segments, Production Services; and Drilling and Evaluation Services. The Production Services segment offers hydraulic fracturing services; coiled tubing services, including nitrogen lifting, fishing, milling, clean-out, scale removal, and other well applications; stimulation and pumping services; primary and remedial cementing services; nitrogen services; filtration services, as well as frac tanks and pumping units; and pipeline services, such as water filling and hydro testing, nitrogen purging, and de-gassing and pressure testing, as well as cutting/welding and cooling down piping/vessels systems. It also provides production assurance chemicals; laboratory services; artificial lift services; and surface and subsurface safety systems, high-pressure packer systems, flow controls, service tools, expandable liner technology, vacuum insulated tubing technology, and engineering capabilities with manufacturing capacity and testing facilities, as well as sources, treats, and disposes water for oil and gas, municipal, and industrial use. The Drilling and Evaluation Services segment offers drilling and workover rigs; rig services; fishing and remedial solutions; directional and turbines drilling services; drilling fluid systems and related technologies; wireline logging services; slickline services for removal of scale, wax and sand build-up, setting plugs, changing out gas lift valves, and fishing and other well applications; and well testing services to measure solids, gas, and oil and water produced from a well, as well as rents drilling tools. It also provides oilfield solutions for thru-tubing intervention; tubular running services; and a range of wellhead products, flow control equipment, and frac equipment. The company was incorporated in 2017 and is headquartered in Houston, Texas.

At a Glance

Live Snapshot
Market Cap$2.52B
EPS0.5200
P/E Ratio48.03
Earnings Date08/05/2026
3Y+185.0%
5Y+97.0%
10Y+218.0%
3Y+4.0%
5Y+58.0%
10Y+193.0%
3Y+20.0%
5Y+141.0%
10Y+172.0%
NESR

National Energy Services Reunited Corp. Cash Conversion Engine

NESR ยท NASDAQ
Net Income51.13M
Depreciation & Amortization141.73M
Stock-Based Compensation0.00
Change in Working Capital48.25M
Others28.33M
Capital Expenditures-143.45M
Free Cash Flow120.79M

Cash Flow Quality Analysis

FCF Conversion Rate

236.2%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

54.3%

Capital-intensive operations require significant reinvestment. Monitor whether CapEx is maintenance or growth-oriented.

FCF Growth Trend

-2.8%

Flat FCF growth. Stable but not expandingโ€”monitor for signs of business maturity or temporary headwinds.

Working Capital Impact

+$48.25M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Solid cash generation: Positive free cash flow with reasonable earnings quality provides financial flexibility for growth investments, debt reduction, or shareholder returns.

National Energy Services Reunited Corp. Cash Flow Statement

NESR โ€ข NASDAQ

National Energy Services Reunited Corp. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2017
OPERATING ACTIVITIES
51.1M
76.3M
12.6M
-36.4M
-64.6M
16.6M
39.4M
28.4M
141.7M
142.8M
142.2M
115.8M
122.1M
120.7M
88.1M
38.4M
-5.2M
-2.7M
-3.8M
-10.3M
-12.1M
-3.2M
-3.9M
598K
0.0
6M
6.8M
9.3M
9.8M
7.8M
5.7M
106K
28.3M
16.1M
11.4M
12.9M
9.8M
-4.6M
2.7M
7.9M
(0.0)
(12.9M)
(15.2M)
(11M)
(12.8M)
(15.6M)
(19.2M)
(3.3M)
48.3M
-9.2M
7.7M
1.2M
62.8M
-2.9M
-42.8M
7.9M
264.2M
229.3M
177M
92.6M
127.7M
134.5M
89.1M
83.2M
INVESTING ACTIVITIES
-143.5M
-105.1M
-68.2M
-122.4M
-107.1M
-82.6M
-107.9M
-48.7M
(4.9M)
(0.0)
(0.0)
(0.0)
-51.9M
-13.2M
(0.0)
-624K
(0.0)
(0.0)
-16M
-17.4M
(0.0)
(0.0)
(0.0)
(0.0)
-13.7M
-6M
758K
-6.9M
-5.5M
-587K
600K
-51.4M
-152.2M
-111.1M
-83.5M
-146.7M
-164.5M
-96.4M
-107.3M
-52M
FINANCING ACTIVITIES
-78.3M
-74.1M
-88.8M
-58.4M
190.9M
-32.4M
72.3M
-7.9M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-20M
-9M
-3.9M
-15.8M
-14.4M
-23.4M
-3.8M
-5.7M
-4.3M
-87.3M
-78.1M
-104.5M
-72.8M
167.5M
-36.2M
66.6M
-32.1M
CASH FLOW SUMMARY
-7.9M
0.0
0.0
8K
9K
35K
-19K
-45K
16.8M
40.1M
-11M
-126.9M
130.8M
1.8M
48.3M
-1M
108M
67.8M
78.9M
205.8M
75M
73.2M
24.9M
25.5M
124.8M
108M
67.8M
78.9M
205.8M
75M
73.2M
24.5M
120.8M
124.2M
108.8M
-29.8M
20.7M
51.8M
-18.8M
34.5M

SEC Filings

NESR - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 14, 2026
May 13, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 11, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 11, 2026
May 11, 2026
2026
8-K

8-K 2026

N/A

May 07, 2026
May 07, 2026
2026
DEF 14A

DEF 14A 2026

N/A

March 24, 2026
March 24, 2026
2026
10-K

10-K 2025 FY

FY

March 06, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 17, 2026
February 17, 2026
2026
6-K

6-K 2025 Q4

Q4

November 13, 2025
November 13, 2025
2025
6-K

6-K 2025 Q3

Q3

November 13, 2025
September 30, 2025
2025
6-K

6-K 2025 Q2

Q2

August 20, 2025
June 30, 2025
2025
Showing 1 to 10 of 108 filings