National Energy Services Reunited ( (NESR) ) has issued an update.
On March 12, 2025, NESR announced its financial results for the fourth quarter and full year ending December 31, 2024, showcasing significant growth. The company reported a quarterly revenue of $343.7 million, marking an 11.8% year-over-year increase, and a net income of $26.8 million, a substantial rise of 1,087% from the previous year. The adjusted EBITDA for the quarter was $87.2 million, reflecting a 9.8% increase year-over-year. These results highlight NESR’s strong market position and operational efficiency despite geopolitical challenges. The company also emphasized its strategic expansion and technological advancements, particularly in the drilling segment and decarbonization efforts, which are expected to bolster its future growth.
More about National Energy Services Reunited
National Energy Services Reunited Corp. (NESR) is a leading provider of integrated energy services, primarily operating in the Middle East and North Africa (MENA) region. The company focuses on delivering a wide range of services in the oil and gas sector, positioning itself as a national champion in the region.
YTD Price Performance: -13.14%
Average Trading Volume: 160,500
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $725.4M
For an in-depth examination of NESR stock, go to TipRanks’ Stock Analysis page.