National Energy Services Reunited Corp Reports Mixed Q1 Financial Results

In a recent financial update, National Energy Services Reunited Corp (NESR), a prominent player in the energy equipment and services sector, disclosed its first-quarter results for the year ending March 31, 2025. The company, which specializes in providing oilfield services across the Middle East, North Africa, and the Asia Pacific regions, reported a revenue of $303.1 million. This figure represents a modest year-over-year growth of 2.1%, although it fell short of market expectations by $5.22 million.

Despite the revenue shortfall, NESR’s net income for the quarter stood at $10.4 million, marking a 4.1% increase compared to the same period last year. However, the company experienced a significant sequential decline of 61.3% from the previous quarter’s net income of $26.8 million. Adjusted net income, a non-GAAP measure, was reported at $12.96 million, down 53.9% sequentially and 7.7% year-over-year.

Adjusted EBITDA, another key non-GAAP metric, was $62.5 million for the quarter, a decrease from $87.2 million in the prior quarter but slightly up from $64.2 million in the same quarter of the previous year. Operating cash flow for the quarter was $20.5 million.

On the earnings per share front, NESR reported a diluted EPS of $0.11, reflecting a 10.0% year-over-year increase. However, the company’s non-GAAP EPS of $0.14 missed analyst expectations by $0.06, underscoring the challenges faced in meeting market forecasts.

As of May 29, 2025, NESR’s stock closed at $6.18, with a market capitalization of approximately $596.44 million. The stock has experienced volatility over the past year, reaching a 52-week high of $9.89 in October 2024 and a low of $5.20 in April 2025.

NESR, which went public in May 2017, continues to focus on its core operations in the MENA region, aiming to capitalize on its industry-leading position. Despite the mixed financial results, the company remains committed to meeting the energy equipment and service needs of its clients, leveraging its expertise in production services and drilling and evaluation services.

For further insights into NESR’s operations and strategic initiatives, stakeholders are encouraged to visit their website at www.nesr.com . As the company navigates the dynamic energy landscape, its ability to adapt and innovate will be crucial in sustaining growth and shareholder value.