Welcome to our dedicated page for National Energy Services Reuni news (Ticker: NESR), a resource for investors and traders seeking the latest updates and insights on National Energy Services Reuni stock.
National Energy Services Reunited Corp (NESR) provides integrated oilfield services across the Middle East, North Africa, and Asia Pacific regions. This dedicated news hub offers investors and industry professionals direct access to official updates about the company's production services, drilling innovations, and strategic developments.
Track critical announcements including quarterly earnings, technology deployments like the ROYA drilling platform, regional expansions, and operational milestones. Our curated collection ensures timely access to NESR's hydraulic fracturing advancements, directional drilling solutions, and reservoir optimization strategies.
Discover updates across key business segments: production enhancement services, drilling technology improvements, water management solutions, and safety protocol updates. Bookmark this page for streamlined monitoring of NESR's progress in delivering integrated energy solutions to national oil companies and multinational operators.
National Energy Services Reunited Corp. (NESR) has commenced construction of a 180,000m² state-of-the-art facility at King Salman Energy Park (SPARK) in Saudi Arabia. Following a February groundbreaking event attended by key industry leaders, including Saudi Aramco Upstream President and SPARK executives.
The facility will be developed in four strategic phases, with the first phase focusing on transitioning NESR's hydraulic fracturing operations. The project will incorporate AI and machine learning technologies for drilling optimization, well intervention, and production enhancement. The facility aims to boost efficiency through predictive maintenance and reduce non-productive time.
This development aligns with Saudi Arabia's Vision 2030, emphasizing localization, technological advancement, and strengthening domestic manufacturing capabilities in the energy sector. The facility will serve as a regional hub for innovation in oilfield services, focusing on sustainability and adhering to the highest LEED facility development standards.
National Energy Services Reunited Corp. (NESR), a leading integrated energy services provider in the MENA region, has announced a significant upcoming fireside chat event. Chairman & CEO Sherif Foda will participate in a discussion with Water Tower Research on April 10th, 2025, at 11am ET.
The conversation, led by Jeff Robertson, Managing Director and Natural Resources analyst at WTR, will explore NESR's background, strategic position in MENA, growth plans, and technological innovations. Investors can access the event through a provided Zoom registration link, with a replay to be available on NESR's Investor Relations webpage after the session.
National Energy Services Reunited Corp. (NESR) reported strong Q4 2024 financial results with revenue reaching $343.7 million, up 11.8% year-over-year and 2.2% sequentially. Net income surged to $26.8 million, showing remarkable growth of 1,087% year-over-year.
Key highlights include:
- Adjusted EBITDA of $87.2 million, increasing 9.8% year-over-year
- Diluted EPS of $0.28, up 1,300% year-over-year
- Net cash from operations of $229.3 million for 2024, improving 29.6%
- Free cash flow of $124.2 million, up 14.2% year-over-year
The company maintained strong financial health with Net Debt/Adjusted EBITDA ratio at 0.89. Despite expectations of moderate subsidence in H1 2025 due to geopolitics and seasonal patterns, NESR remains confident in its full-year 2025 outlook, particularly in serving customers' oil and gas demands.
National Energy Services Reunited Corp. (NASDAQ:NESR), a leading integrated energy services provider in the MENA region, has scheduled its Q4 2024 financial results release for March 12, 2025.
The company will host a conference call at 8:00 AM ET on the same day to discuss the results. Investors and analysts can participate by dialing the U.S. toll-free line at 1-877-407-0890 or international line at 1-201-389-0918. A live webcast will be available on the company's website under the 'Investors' section, with a replay accessible after the event.
National Energy Services Reunited Corp. (NESR), a leading integrated energy services provider in the MENA region, has announced its participation in multiple investor conferences and events from December 2024 through early 2025.
The schedule includes non-deal roadshows with TD Cowen, Benchmark Company, J.P. Morgan, and Barclays, as well as major industry conferences such as the Capital One Securities Energy Conference, Goldman Sachs Energy Conference, and Piper Sandler Energy Conference.
NESR will also participate in key regional events including the Saudi IKTVA Forum, Libya Energy & Economic Summit, and Egypt Energy Show, where management will showcase technological achievements, including the Roya drilling platform and NEDA ecosystem solutions. The company's leadership will participate in various panels focusing on Middle East energy, decarbonization, and regional production strategies.
National Energy Services Reunited Corp. (NESR) reported strong Q3 2024 financial results with revenue reaching $336.2 million, up 12.0% year-over-year and 3.5% sequentially. Net income grew 40.0% year-over-year to $20.6 million, while Adjusted EBITDA increased 12.9% to $80.0 million. Diluted EPS rose 37.5% to $0.22. Operating cash flow for the nine months improved 30.4% to $183.1 million, with free cash flow up 38.1% to $103.0 million. The company achieved a significant milestone with Net Debt to trailing-twelve-months Adjusted EBITDA falling below 1.0, ending at 0.96.
National Energy Services Reunited Corp. (NESR), a leading integrated energy services provider in the MENA region, has announced its Q3 2024 earnings release schedule for November 19, 2024. The company will host a conference call at 8:00 AM ET on the same day, with dial-in options available for U.S. and international participants. NESR will also host a Nasdaq Bell Ringing ceremony on November 20 in New York City to celebrate its recent uplisting to Nasdaq Capital Market, featuring key technologies and recent milestones. A live earnings webcast will be available on the company's website, with a replay accessible afterward.
National Energy Services Reunited (NESR) has successfully completed its first ROYA drilling campaign in Kuwait and secured multiple directional drilling awards worth over $200 million across core countries. The company deployed its integrated RoyaSteer® Rotary Steerable System and RoyaStream® Measurement-While-Drilling tool, which has already drilled over 70,000 feet in the Americas. The new contracts span 3-5 years across Saudi Arabia, Oman, and Kuwait, enabling NESR to strategically implement its high-end drilling solutions.
National Energy Services Reunited Corp. (NASDAQ:NESR) has acquired a minority stake in SALTTECH BV, a Dutch thermal desalination technology provider. The cash-funded acquisition follows successful Dyvar® pilot projects in the MENA region. NESR holds an option to become Salttech's majority owner in future years. The partnership aims to scale up circular water technology in Saudi Arabia and other key markets, with plans to localize manufacturing, research, and training in the Kingdom. The Dyvar® technology has proven successful in various industries including mining and dairy, focusing on sustainable water treatment and mineral recovery solutions.
National Energy Services Reunited Corp. (NESR) has received approval to transfer its listing to the Nasdaq Capital Market. The uplisting will take effect on October 22, 2024, with the company's shares continuing to trade under the ticker symbol 'NESR' and warrants under 'NESRW'. This move comes after NESR met all applicable requirements for public listing on the Nasdaq Capital Market.
NESR Chairman & CEO Sherif Foda expressed satisfaction with the approval, stating it is a critical step towards maximizing shareholder value and solidifying NESR's unique position as the only publicly listed MENA energy services company on a major US exchange.
