National Energy Services Reunited (NASDAQ:NESR) Posts Earnings Results, Beats Expectations By $0.05 EPS

National Energy Services Reunited (NASDAQ:NESR) announced its earnings results on Monday. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.05, Briefing.com reports. National Energy Services Reunited had a return on equity of 8.50% and a net margin of 3.86%.The business’s revenue was up 33.5% on a year-over-year basis.

Here are the key takeaways from National Energy Services Reunited’s conference call:

• Record Q1 results: Revenue of $404.6M (+33.5% YoY), adjusted EBITDA of $76.7M (~19% margin) and net income of $23.8M, driven by the Jafurah ramp-up and increased activity in Kuwait, Algeria, Libya and Egypt.
• Management emphasizes operational resilience — 0 evacuations, a 30/60/90 supply‑chain program, extra capacity and limited exposure to the most disrupted hubs — supporting continued on‑the‑ground activity across the GCC and North Africa.
• Formal capital‑allocation plan: full‑year CapEx ~$180M, target net leverage ≤1x (current net debt/EBITDA ~0.66x), plus a quarterly dividend beginning Q4 2026 at $0.10 per share and a $50M buyback program.
• Near‑term cost pressures from geopolitical disruption raised about $4M of incremental freight/logistics in Q1, contributed to negative free cash flow of $5.3M, and caused seasonal DSO headwinds that may persist before easing.

National Energy Services Reunited Stock Performance

National Energy Services Reunited stock opened at $23.10 on Monday. The company has a quick ratio of 0.89, a current ratio of 1.04 and a debt-to-equity ratio of 0.20. National Energy Services Reunited has a 52 week low of $5.47 and a 52 week high of $26.85. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 43.59, a price-to-earnings-growth ratio of 0.35 and a beta of 0.38. The stock has a 50-day moving average price of $22.70 and a 200 day moving average price of $18.65.

Hedge Funds Weigh In On National Energy Services Reunited

A number of institutional investors have recently bought and sold shares of NESR. Millennium Management LLC lifted its stake in National Energy Services Reunited by 38.2% during the 1st quarter. Millennium Management LLC now owns 542,135 shares of the company’s stock valued at $3,990,000 after acquiring an additional 149,796 shares during the period. Jane Street Group LLC purchased a new position in shares of National Energy Services Reunited during the first quarter worth $1,425,000. Acadian Asset Management LLC purchased a new position in shares of National Energy Services Reunited during the first quarter worth $48,000. Geode Capital Management LLC lifted its position in National Energy Services Reunited by 2,227.2% during the second quarter. Geode Capital Management LLC now owns 815,209 shares of the company’s stock valued at $4,908,000 after purchasing an additional 780,180 shares during the period. Finally, Legal & General Group Plc purchased a new stake in National Energy Services Reunited in the second quarter valued at $34,000. 15.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on NESR. Maxim Group set a $30.00 price target on National Energy Services Reunited in a report on Monday, January 12th. Wall Street Zen lowered shares of National Energy Services Reunited from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 20th. UBS Group lifted their target price on shares of National Energy Services Reunited to $31.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. BTIG Research raised their price target on shares of National Energy Services Reunited from $16.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Finally, Barclays lifted their price objective on shares of National Energy Services Reunited from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Friday. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $26.00.

About National Energy Services Reunited

National Energy Services Reunited Corp (NASDAQ: NESR) is a publicly traded oilfield services company formed in 2021 through a business combination that brought together complementary drilling and production service providers. The company’s mission is to deliver integrated solutions across the upstream oil and gas value chain, combining regional expertise with global operational standards.

NESR’s service portfolio spans drilling, completion and production, offering products and capabilities such as cementing, coiled tubing, hydraulic fracturing, well stimulation, pumping services and intervention solutions.