The earnings call highlights strong strategic positioning with a significant contract win in Jafurah, maintaining robust financial metrics, and executing a successful countercyclical investment strategy. However, the revenue decline and macroeconomic volatility present challenges.

Company Guidance

During the National Energy Services Reunited Corp.'s third-quarter 2025 financial results call, significant guidance metrics were provided. The company reported a third-quarter revenue of $295.3 million, a sequential decline of 9.8% and a year-over-year decrease of 12.2%. Adjusted EBITDA was $64 million with a margin of 21.7%. Interest and tax expenses for the quarter were $8.1 million and $3.7 million, respectively. The effective tax rate (ETR) for Q3 2025 was normalized to 29.9%, with an adjusted EPS of 16¢. Despite these challenges, the company anticipates full-year 2025 revenues to align with 2024 levels, projecting a robust free cash flow range of $70 to $80 million, and aims to end 2026 with a $2 billion revenue run rate. Capital expenditures for 2025 are set between $140 to $150 million, consistent with previous guidance. The company remains focused on debt reduction and anticipates Q4 2025 to reflect strong collections, positioning for a promising cash flow trajectory into 2026.

Secured Multiyear, Multibillion-dollar Jafurah Frac Tender

National Energy Services Reunited Corp. secured the winning position for a massive frac tender in Jafurah, representing the largest single service contract in sector history.

Strong Financial Position and Growth Outlook

Despite a 9.8% sequential and 12.2% year-over-year revenue decline, the company maintained adjusted EBITDA margins of 21.7% and plans a $2 billion revenue run rate by 2026.

Successful Countercyclical Investment Strategy

The company’s countercyclical investments have positioned it for significant growth, contrary to peers, allowing for rapid operational ramp-up and maintaining a net debt to adjusted EBITDA ratio of 0.93.

Participation in Key Conferences Highlighting Industry Trends

Participation in FII and ADIPEC showcased the company's alignment with major industry themes like AI and energy demand, enhancing geopolitical cooperation in the Gulf region.

Operational Readiness and Strategic Investments

The company is prepared for rapid expansion with increased activities in Kuwait, Saudi Arabia, and other countries. It has invested in infrastructure, logistics, and technology to enhance efficiency.

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
Mar 03, 2026	2025 (Q4)	0.25 / -	0.3	―	―	―
Nov 13, 2025	2025 (Q3)	0.15 / 0.18	0.22	-18.18% (-0.04)	―
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)	―	―

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
Nov 13, 2025	$13.03	$13.97	+7.21%
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%

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 Mar 03, 2026, TBA (Confirmed).

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

National Energy Services Reunited (NESR) earnings time is at Mar 03, 2026, 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 (Q4) is 0.25.

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