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National Energy Services Reunited Corp. Warrant - NESRW STOCK NEWS

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National Energy Services Reunited Corp. (NESR) is a prominent oilfield services provider in the MENA and Asia Pacific regions, with a listing on NASDAQ. The company, with over 5,000 employees from diverse nationalities across 15 countries, offers a wide range of production and drilling services. NESR prides itself on being the MENA region's 'national champion' in the oil and gas industry, operating in key basins to deliver exceptional services.

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National Energy Services Reunited Corp. (NESR) reported impressive financial results for the full year 2023, showcasing significant growth in revenue, operating cash flow, net income, and adjusted EBITDA. The company's revenue of $1.146 billion marked a 26% year-over-year increase, with an operating cash flow of $177.0 million (91% improvement), and a net income of $12.6 million. Adjusted EBITDA stood at $262.3 million, highlighting the company's strong financial performance. Additionally, NESR's diluted EPS for 2023 was $0.13, with adjusted diluted EPS at $0.53, including $0.40 per share of Charges and Credits.

The company's CEO and CFO expressed confidence in NESR's position in the MENA region, emphasizing strategic investments and operational excellence that drove the record-breaking results in 2023. Looking ahead, NESR anticipates continued growth and success based on tight service capacity and market demand. In Q1 2024, the company generated $297 million in revenue, reflecting a 15% increase from the previous year. NESR's strong financial performance and strategic investments position it well for future growth and success in the energy services sector.

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National Energy Services Reunited Corp. (NESR) announces the launch of key technologies at the International Petroleum Technology Conference in Saudi Arabia. The company introduced the Roya advanced drilling platform and the NESR Environmental & Decarbonization Applications segment, emphasizing their commitment to innovation and sustainability in the energy sector.
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National Energy Services Reunited Corp. (NESR) announced the inauguration of its 'Carbon Light' oilfield brine plant in North Rumaila, Iraq, leveraging partner Clean TeQ's technology to substantially reduce water waste and carbon footprint. The plant aims to simplify logistics, eliminate trucking, improve water use, and minimize waste, with a 75% reduction in carbon footprint and a 90% reduction in water waste. The project is part of an existing brine supply agreement to support ROO operations in North Rumaila, with positive impacts on water use and freshwater resources in the region.
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National Energy Services Reunited Corp. (NESR) has announced the inauguration of its flagship 'Carbon Light' oilfield brine plant in North Rumaila, Iraq. The project leverages Clean TeQ's ion filtration and reverse osmosis technology to substantially reduce water waste and carbon footprint associated with brine supply. The company estimates a 75% reduction in carbon footprint and a 90% reduction in water waste compared to conventional brine production.
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National Energy Services Reunited Corp. (NESR) has uplisted its common shares and warrants from OTC Expert tier to OTC Current tier. The company's senior management team will participate in several upcoming investor conferences and industry events, including Goldman Sachs Energy, CleanTech & Utilities Conference, International Petroleum Technology Conference, Egypt Petroleum & Energy Show, and Tudor Pickering & Holt 'Hotter 'N Hell' Energy Conference, as well as J. P. Morgan Energy, Power & Renewables Conference.
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National Energy Services Reunited Corp. (NESR) announced the filing of audited financial statements for the years ended December 31, 2022, December 31, 2021, and December 31, 2020 with the SEC. The company reported third quarter 2023 revenue of $300 million, a 6% increase sequentially and a 24% increase year-on-year. Stefan Angeli, CFO, expressed confidence in the company's strength and its position as the partner of choice in the MENA region.
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National Energy Services Reunited Corp. (NESR) Recognizes Successful Collaboration with Saudi Aramco in ZLD Technology Implementation
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National Energy Services Reunited Corp. provides update on efforts to complete SEC filings and regain Nasdaq listing. Engages Grant Thornton to conduct audits of fiscal years 2020-2022. CFO believes engaging a single audit firm will expedite filing process. No concrete positive or negative business takes identified.
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National Energy Services Reunited Corp. (NESR) announces multiple contract awards totaling over $175 million in the Middle East and North Africa region. The contracts extend up to a 5-year term and cover various service lines in both the Drilling & Evaluation and Production Services segments. NESR CEO expects continued activity growth in the region and highlights the expansion of their D&E portfolio beyond Oman. The company reported record revenue of $283 million in Q2 2023.
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National Energy Services Reunited Corp. (NESR) announces participation in upcoming investor conferences and industry events.
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FAQ

What is the current stock price of National Energy Services Reunited Warrant (NESRW)?

The current stock price of National Energy Services Reunited Warrant (NESRW) is $0.34 as of December 20, 2024.

What services does NESR provide?

NESR offers production services like hydraulic fracturing, cementing, coiled tubing, completions, and stimulation, along with drilling and evaluation services such as directional drilling, wireline, and drilling fluids.

Where does NESR operate?

NESR operates in over 15 countries, focusing on all major oil and gas basins in the MENA region.

What sets NESR apart in the industry?

NESR is known as the 'national champion' of the MENA region, providing exceptional oilfield services and operating across key basins.

How many employees does NESR have?

NESR has over 5,000 employees representing more than 60 nationalities.

When was NESR founded?

NESR was founded in 2017.

What is NESR's primary listing?

NESR is listed on NASDAQ, being the first national company from the MENA region to achieve this.

What type of customers does NESR serve?

NESR serves customers in the oil and gas industry, helping them maximize their reservoir potential.

What recent achievements has NESR celebrated?

NESR recently inaugurated the 'Carbon Light' oilfield brine plant in North Rumaila, showcasing its innovative technologies and focus on sustainability.

How can I get in touch with NESR for inquiries?

For inquiries regarding NESR, you can contact Blake Gendron or Stefan Angeli at National Energy Services Reunited Corp.

National Energy Services Reunited Corp. Warrant

OTC:NESRW

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NESRW Stock Data

95.45M
Crude Petroleum and Natural Gas Extraction
Oil & Gas Field Services, Nec
Link
United States of America
HOUSTON