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National Energy Services Reunited (NESR)
NASDAQ:NESR
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.27Last Year’s EPS
―Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: 9.17%
|Next Earnings Date:Aug 20, 2018
Earnings Call Sentiment|Positive
NESR's Q3 2024 earnings call highlights strong financial performance and successful technological advancements despite geopolitical challenges and a cautious market environment. The company's strategic focus on growth and innovation, along with its successful NASDAQ relisting, paints a promising outlook.Company Guidance
During NESR's Q3 2024 earnings call, the company provided a robust financial update and positive guidance for the future. NESR reported record third-quarter revenue of $336.2 million, up 3.5% sequentially and 12% year-over-year, with a year-to-date revenue of $958 million, marking a 14.3% year-over-year increase. Adjusted EBITDA for the quarter reached a record $80 million, with a margin of 23.8%, contributing to a year-to-date adjusted EBITDA of $222.9 million, up 21.9% year-over-year. Earnings per share, excluding charges and credits, stood at $0.31 for the quarter. The company also highlighted its strong cash flow generation, with third-quarter cash flow from operations at $70.8 million, leading to a net debt to EBITDA ratio falling below 1 for the first time. Despite market uncertainties, NESR anticipates continued outperformance in the MENA region, driven by its core business expansion, technological advancements like the ROYA platform, and strategic initiatives in water and mineral recovery. The company expects to maintain a high single-digit growth in the region, with additional growth coming from new technology rollouts and strategic partnerships. Capital expenditures for the full year are anticipated to be around $120 million, with a continued focus on profitable revenue growth, execution efficiency, and balance sheet strength.Record-Breaking Financial Performance
NESR achieved record revenue of $336.2 million in Q3 2024, up 3.5% sequentially and 12% year-over-year. Year-to-date revenue is $958 million, up 14.3% year-over-year.
Strong EBITDA Growth
Adjusted EBITDA for Q3 2024 was a record $80 million, with margins of 23.8%. Year-to-date adjusted EBITDA is $222.9 million, up 21.9% year-over-year.
Successful Technological Developments
NESR announced the first successful run of its Rotary Steerable and MWD technology in Kuwait, marking a significant milestone in its technological development.
Successful NASDAQ Relisting
NESR was relisted on NASDAQ on October 22, 2024, after reshaping its back office and addressing internal control weaknesses.
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National Energy Services Reunited (NESR) Earnings, Revenues Date & History
NESR Earnings History
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
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NESR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 19, 2024 | $8.51 | $8.78 | +3.17% |
| Aug 29, 2024 | $9.50 | $9.50 | 0.00% |
| May 13, 2024 | $9.75 | $9.75 | 0.00% |
| Apr 30, 2024 | $8.97 | $9.90 | +10.37% |
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.
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FAQ
When does National Energy Services Reunited (NESR) report earnings?
National Energy Services Reunited (NESR) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is National Energy Services Reunited (NESR) earnings time?
National Energy Services Reunited (NESR) earnings time is at Mar 04, 2025, TBA Not 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 2024 (Q4) is 0.27.
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