The earnings call reflects a generally positive outlook, highlighting NESR's strong free cash flow generation and growth in key regions like Kuwait and North Africa. However, challenges in Saudi Arabia and delays in tender awards present hurdles. The company's financial health remains robust, supporting future opportunities.

Company Guidance

During the NESR Second Quarter 2025 Financial Results Call, the company provided guidance with several metrics. NESR reported second-quarter revenue of $327.4 million, marking an 8% sequential increase and a 0.71% year-over-year growth. Adjusted EBITDA for the quarter was $70.6 million, with margins climbing 95 basis points sequentially to 21.6%. Interest expenses stood at $8.6 million, while the tax expense was $4.3 million, leading to an effective tax rate of 21.9%. The company generated a free cash flow of $68.7 million, contributing to a first-half free cash flow of $59.1 million. Looking ahead, NESR expects third-quarter revenues and EBITDA to remain consistent with the second quarter, anticipating higher revenue and margins in the fourth quarter. For the full year 2025, revenues are projected to surpass 2024 levels, with capital expenditures estimated around $125 million, possibly increasing by $20 million depending on tender results. Additionally, NESR's net debt as of June 30 was $223 million, with a net debt-to-EBITDA ratio of 0.74x, emphasizing the company's robust financial positioning.

Record-Free Cash Flow Generation

Over the past 10 quarters, NESR has generated almost $300 million in free cash flow, nearly half of its market cap.

Strong Growth in Kuwait

Kuwait's rig count is at an all-time high, making it the second-largest country in the Middle East for rig count. NESR's growth is on plan with multiple contract awards, including first-time entry into slickline.

Solid Contract Awards and Backlog

NESR has secured solid new contracts in Algeria and Libya, spanning 3 to 5 years, ensuring room for investment in human capital and equipment.

Positive Revenue and EBITDA Trends

Overall second quarter revenue was $327.4 million, up 8% sequentially, with adjusted EBITDA at $70.6 million, showing improved margins.

Strong Financial Position

Net debt to adjusted EBITDA was 0.74x, below the target of 1x for the fourth consecutive quarter.

National Energy Services Reunited (NESR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

NESR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	0.23 / -	0.22	―	―	―
Aug 20, 2025	2025 (Q2)	0.18 / 0.21	0.2	5.00% (<+0.01)	―
Jun 03, 2025	2025 (Q1)	0.13 / 0.14	0.105	33.33% (+0.04)	―
Mar 12, 2025	2024 (Q4)	0.19 / 0.30	―	―	―
Nov 19, 2024	2024 (Q3)	0.23 / 0.22	0.155	41.94% (+0.07)	―
Aug 29, 2024	2024 (Q2)	- / 0.20	―	―	―	―
May 13, 2024	2024 (Q1)	- / -	―	―	―	―
Apr 30, 2024	2023 (Q4)	- / 0.10	―	―	―	―
Feb 28, 2023	2022 (Q4)	0.27 / 0.27	0.08	237.50% (+0.19)	―	―
Nov 10, 2022	2022 (Q3)	0.20 / 0.20	0.08	143.75% (+0.12)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

NESR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 20, 2025	$7.29	$8.31	+13.99%
Jun 03, 2025	$6.32	$5.97	-5.54%
Mar 12, 2025	$7.60	$8.09	+6.45%
Nov 19, 2024	$8.51	$8.78	+3.17%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does National Energy Services Reunited (NESR) report earnings?

National Energy Services Reunited (NESR) is schdueled to report earning on Oct 29, 2025, TBA (Confirmed).

What is National Energy Services Reunited (NESR) earnings time?

National Energy Services Reunited (NESR) earnings time is at Oct 29, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is NESR EPS forecast?

NESR EPS forecast for the fiscal quarter 2025 (Q3) is 0.23.

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