National Energy Services Reunited

National Energy Services Reunited Corp. is a holding company, which engages in the provision of oilfield services. It operates through the following segments: Production Services and Drilling & Evaluation Services. The Production Services segment includes coiled tubing, cementing, stimulation and pumping, nitrogen services, filtration services, completions, pipelines, laboratory services, and artificial lift services. The Drilling and Evaluation Services segment offers well testing services, drilling services and rental, fishing and remediation, drilling and workover rigs, wireline logging services, turbines drilling, directional drilling, slickline services, and drilling fluids. The company was founded on January 23, 2017 and is headquartered in Houston, TX.

Earnings data Q4 2019

Earnings data Q1 2020

Earnings data Q2 2020

Earnings data Q3 2020

Earnings data Q4 2020

Earnings data Q1 2021

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Call Start: 08:00 January 1, 0000 8:49 AM ET National Energy Services Reunited Corp. (NASDAQ:NESR ) Q3 2024 Earnings Conference Call November 19, 2024 08:00 A.M. ET Company Participants Blake Gendron - VP, IR Sherif Foda - Chairman & CEO Stefan Angeli - CFO Conference Call Participants David Anderson - Barclays Gregory Lewis - BTIG Derek Podhaizer - Piper Sandler Operator Greetings and welcome to NESR's Third Quarter 2024 Financial Results Conference call.

National Energy Services Reunited Corp.'s (NESR) Q3 2024 Earnings Call Transcript

Revenue for the quarter ended September 30, 2024, is $336.2 million, growing 12.0% year-over-year and 3.5% on a sequential quarter basis Net income for the quarter ended September 30, 2024, is $20.6 million, growing 40.0% year-over-year and 9.2% on a sequential quarter basis Adjusted EBITDA (a non-GAAP measure)* for the quarter ended September 30, 2024 is $80.0 million, growing 12.9% year-over-year and 1.8% on a sequential quarter basis Diluted Earnings per Share (EPS) for the quarter ended September 30, 2024, is $0.22, growing 37.5% year-over-year and 10.0% on a sequential quarter basis Operating cash flow for the nine months ended September 30, 2024, is $183.1 million, improving 30.4% year-over-year Free cash flow (a non-GAAP measure)* for the nine months ended September 30, 2024, is $103.0 million, improving 38.1% year-over-year HOUSTON, TX / ACCESSWIRE / November 19, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today reported its financial results as of and for the three- and nine-month periods ended September 30, 2024. The Company posted the following results for the periods presented: Three Months Ended Variance (in thousands except per share amounts and percentages) September 30, 2024 June 30, 2024 September 30, 2023 Sequential Year-over-year Revenue $ 336,205 $ 324,969 $ 300,084 3.5 % 12.0 % Net income 20,618 18,873 14,731 9.2 % 40.0 % Adjusted net income (non-GAAP)* 28,912 27,356 19,797 5.7 % 46.0 % Adjusted EBITDA (non-GAAP)* 80,035 78,655 70,885 1.8 % 12.9 % Diluted EPS 0.22 0.20 0.16 10.0 % 37.5 % Adjusted Diluted EPS (non-GAAP)* 0.31 0.29 0.21 6.9 % 47.6 % *The Company presents its financial results in accordance with generally accepted accounting principles in the United States of America ("GAAP").

National Energy Services Reunited Corp. Reports Third Quarter Financial Results

HOUSTON, TX / ACCESSWIRE / November 11, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that it will release its financial results for the third quarter of 2024 on Tuesday, November 19, 2024. Additionally, the Company will host investors, analysts and industry partners for a Nasdaq Bell Ringing ceremony on Wednesday, November 20 in New York City.

NESR Schedules Earnings Release & Announces Nasdaq Bell Ringing Ceremony & Tech Expo

ABU DHABI, UAE / ACCESSWIRE / November 3, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:NESR)(NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that the Company completed its first ROYA drilling campaign successfully in Kuwait. Additionally, the Company secured multiple directional drilling ("DD") awards across its core countries, with a total value exceeding $200 million.

NESR Successfully Deploys ROYA Platform & Secures Drilling Awards Exceeding $200 Million

HOUSTON, TX / ACCESSWIRE / October 29, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:NESR)(NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that it has acquired a minority stake in SALTTECH BV ("Salttech"), a Dutch provider of industry-leading thermal desalination technology known by its Dynamic Vapor Recovery ("Dyvar®") process. Funded through cash, the acquisition follows the successful deployment of Dyvar® on several key pilot projects in the MENA region, including the recently announced Circular Water project deployed successfully with NESR's largest customer.

NESR Acquires Stake In SALTTECH BV To Scale Up Circular Water Technology

HOUSTON, TX / ACCESSWIRE / October 21, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that it has received approval from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq") to transfer its listing to the Nasdaq Capital Market. The Company's securities will be uplisted to the Nasdaq Capital Market at the opening of business on Tuesday, October 22, 2024.

NESR Announces Uplisting to Nasdaq Capital Market

NEW YORK, NY / ACCESSWIRE / September 4, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") (OTC PINK:NESR)(OTC PINK:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today at the Barclays CEO Energy-Power conference published a company presentation on the Investor Relations page of its website (www.nesr.com). Chairman & Chief Executive Officer, Sherif Foda, will be participating in a fireside chat with analysts at 1:15pm ET.

NESR Company Presentation - Barclays CEO Energy-Power Conference

Revenue for the quarter ended June 30, 2024 is $325.0 million, growing 15.9% year-over-year and 9.5% on a sequential quarter basis Net income for the quarter ended June 30, 2024 is $18.9 million, growing 870.3% year-over-year and 89.1% on a sequential quarter basis Adjusted EBITDA (a non-GAAP measure)* for the quarter ended June 30, 2024 is $78.7 million, growing 30.2% year-over-year and 22.5% on a sequential quarter basis Diluted Earnings per Share (EPS) for the quarter ended June 30, 2024 is $0.20, growing 900.0% year-over-year and 100.0% on a sequential quarter basis Operating cash flow for the six months ended June 30, 2024, is $112.3 million, improving 55.1% year-over-year Free cash flow (a non-GAAP measure)* for the six months ended June 30, 2024, is $59.6 million, improving 73.2% year-over-year   HOUSTON, TX / ACCESSWIRE / August 29, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") (OTC PINK:NESR)(OTC PINK:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today reported its financial results as of and for the three- and six-month periods ended June 30, 2024. The Company posted the following results for the periods presented: Three Months Ended Variance (in thousands except per share amounts and percentages) June 30, 2024 March 31, 2024 June 30, 2023 Sequential Year- over- year Revenue $ 324,969 $ 296,848 $ 280,311 9.5 % 15.9 % Net income 18,873 9,982 1,945 89.1 % 870.3 % Adjusted net income (non-GAAP)* 27,356 14,046 6,041 94.8 % 352.8 % Adjusted EBITDA (non-GAAP)* 78,655 64,216 60,411 22.5 % 30.2 % Diluted EPS 0.20 0.10 0.02 100.0 % 900.0 % Adjusted Diluted EPS (non-GAAP)* 0.29 0.15 0.07 93.3 % 314.3 % *The Company presents its financial results in accordance with generally accepted accounting principles in the United States of America ("GAAP").

National Energy Services Reunited Corp. Reports Second Quarter and First Half 2024 Financial Results

HOUSTON, TX / ACCESSWIRE / June 7, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") (OTC PINK:NESR)(OTC PINK:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that on June 5th, 2024, the Board of Directors of NESR accepted the resignation of Board member, Mr. Thomas Wood, effective immediately.

NESR Announces Resignation of Board Member

Revenue for the year ended December 31, 2023, is $1.146 billion, growing 26% year-over-year Operating cash flow for the year ended December 31, 2023, is $177.0 million, improving 91% year-over-year Free cash flow (a non-GAAP measure) for the year ended December 31, 2023, is $108.8 million* Net income for the year ended December 31, 2023, is $12.6 million Adjusted EBITDA (a non-GAAP measure) for the year ended December 31, 2023, is $262.3 million* Diluted Earnings per Share (EPS) for the year ended December 31, 2023, is $0.13 Adjusted Diluted EPS (a non-GAAP measure), which includes $0.40 per share of Charges and Credits, for the year ended December 31, 2023, is $0.53* HOUSTON, TX / ACCESSWIRE / April 30, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") (OTC PINK:NESR)(OTC PINK:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today reported its financial results for the year ended December 31, 2023. The Company posted the following results for the periods presented: For The Year Ended Variance (in thousands except per share amounts and percentages) December 31, 2023 December 31, 2022 Sequential Year-over- year Revenue $ 1,145,915 $ 909,517 $ 236,398 26.0 % Net income 12,580 (36,420 ) 49,000 134.5 % Adjusted net income (non-GAAP)* 50,221 (2,991 ) 53,212 1779.1 % Adjusted EBITDA (non-GAAP)* 262,306 162,868 99,438 61.1 % Diluted EPS 0.13 (0.39 ) 0.52 133.3 % Adjusted Diluted EPS (non-GAAP)* 0.53 (0.03 ) 0.56 1747.4 % Operating cash flows 176,959 92,576 84,383 91.1 % Free cash flows (non-GAAP)* 108,769 (29,839 ) 138,608 464.5 % *The Company presents its financial results in accordance with generally accepted accounting principles in the United States of America ("GAAP").

National Energy Services Reunited Corp. Reports Full Year 2023 Financial Results

RIYADH, SAUDI ARABIA / ACCESSWIRE / November 14, 2023 / National Energy Services Reunited Corp. (NESR) (NASDAQ:NESR)(NASDAQ:NESRW), an international provider of integrated energy services in the Middle East and North Africa, today recognized its successful, ongoing collaboration with Saudi Aramco in implementing a novel Zero Liquid Discharge (ZLD) technology for water management. This technology, invented and owned by Saudi Aramco, aims to enhance produced water treatment and establish circular water economies across the energy value chain.

Saudi Aramco and NESR Announce Successful Implementation of Circular Water Technologies

HOUSTON, TX / ACCESSWIRE / August 23, 2023 / National Energy Services Reunited Corp. ("NESR" or "the Company") (OTCMKTS:NESR)(OTCMKTS:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that the senior management team will participate in the following upcoming investor conferences and industry events. Barclays CEO Energy-Power Conference from 5-7 September - NYC, New York - NESR management will host 1x1 meetings with investors, and NESR CEO will present on September 5th; Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) from 2-5 October - Abu Dhabi, UAE - NESR will participate in the world's largest, annual energy conference among leading National & International Oil Companies and energy technology providers; Future Investment Initiative (FII) Conference from 24-26 October - Riyadh, Saudi Arabia - NESR CEO will participate alongside global thought leaders in the leading Middle East summit regarding human impact & prosperity, with the 7th Edition of the conference focused on "The New Compass" for socioeconomic strategy; United Nations Climate Change Conference of Parties (COP28) from 30 November to 12 December - Dubai, UAE - NESR management will participate in, and showcase recent decarbonization projects for, the world's preeminent leadership conference on climate change, following highly successful COP27 participation in Egypt last year; Bank of America Energy Conference from 14-15 November - Houston, TX - NESR management will host 1x1 meetings with investors; Capital One Securities Energy Conference from 4-5 December - Houston, TX - NESR management will host 1x1 meetings with investors.

NESR Announces Participation in Upcoming Conferences

HOUSTON, TX / ACCESSWIRE / August 7, 2023 / National Energy Services Reunited Corp. ("NESR" or "the Company")(OTC PINK:NESR)(OTC PINK:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced multiple contract awards spanning a number of service lines in key countries across both the GCC and North Africa. Some of these contracts extend up to a 5-year term.

NESR Secures Over $175 Million in Contracts & Provides Operational Update

NEW YORK , May 2, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:  NESR).  Such investors are advised to contact Robert S.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of National Energy Services Reunited Corp. - NESR

MUSCAT, OMAN / ACCESSWIRE / April 17, 2023 / National Energy Services Reunited Corp. ("NESR", "Gulf Energy" or "the Company") (NASDAQ:NESR)(NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that its subsidiary, Gulf Energy, successfully completed negotiations with multiple clients in Oman to extend existing Well Intervention contracts for up to five (5) years. Based on the Company's excellent service delivery and new technology introductions across various fields that have resulted in exceptional well productivity increases, the new contracts range in duration for different clients and reflect the strong, mutual trust with the client base in an improving oilfield services landscape.

NESR Secures Multiple Contract Extensions in Oman Totaling $100 Million

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BALLERUP, Denmark , March 22, 2023 /PRNewswire/ -- LiqTech International, Inc. (NASDAQ: LIQT) ("LiqTech"), a clean technology company that manufactures and markets highly specialized filtration technologies, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2022. 2022 Financial Highlights Full year revenue of $16.0 million, a decrease of 13% from 2021.

LiqTech International Announces Financial Results for Fourth Quarter and Full Year 2022

DHARAN TECHNO VALLEY, KINGDOM OF SAUDI ARABIA / ACCESSWIRE / February 27, 2023 / National Energy Services Reunited Corp. ("NESR" or "the Company") (NASDAQ:NESR)(NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced the inauguration & opening of its NESR Oilfield Research & Innovation ("NORI") Center in Saudi Arabia's Dharan Techno Valley ("DTV"). The NORI facility, located in the heart of Saudi Arabia's industrial research, technology and academic hub, will enhance NESR's ability to drive energy sector research & innovation across the MENA region, while also augmenting the Company's alignment specifically with Saudi Arabia's Vision 2030.

NESR Inaugurates Flagship Innovation Center NORI In Saudi Arabia's Dharan Techno Valley

RIYADH, KINGDOM OF SAUDI ARABIA / ACCESSWIRE / January 10, 2023 / National Energy Services Reunited Corp. ("NESR" or "the Company") (NASDAQ:NESR)(NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that the Company has been awarded a long-term, Wireline Services ("Wireline") platform contract in Saudi Arabia, which greatly expands the scope of services provided over a nine (9) year contract term. Within the expanded scope of the contract, NESR will now provide advanced Cased-Hole & perforation services, in addition to the broad suite of services currently performed.

NESR Secures Nine-Year Wireline Platform Contract in Saudi Arabia

HOUSTON, TX / ACCESSWIRE / January 9, 2023 / National Energy Services Reunited Corp. ("NESR" or "the Company") (NASDAQ:NESR)(NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced the receipt of an additional determination letter (the "Letter"), dated January 4, 2023, from the Nasdaq Capital Market ("Nasdaq"). The Letter states that the Company is not in compliance with the Nasdaq's continued listing requirements as the Company has not yet filed its Interim Financials for the period ended June 30, 2022 (the "2022 Interim Financials"), as required by Nasdaq Listing Rule 5250(c)(2), and furthermore, did not hold an annual meeting of shareholders within twelve months of the end of the Company's fiscal year ended December 31, 2021, as required by Nasdaq Listing Rule 5620(a).

National Energy Services Reunited Corp. Announces Receipt of Additional Determination Letter from Nasdaq

New York, New York--(Newsfile Corp. - December 17, 2022) - Pomerantz LLP is investigating claims on behalf of investors of National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ: NESR). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.The investigation concerns whether NESR and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of National Energy Services Reunited Corp. - NESR

HOUSTON, TX / ACCESSWIRE / December 16, 2022 / National Energy Services Reunited Corp. ("NESR" or "the Company") (NASDAQ:NESR)(NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced the receipt of a letter (the "Letter") from the Nasdaq Capital Market ("Nasdaq") announcing the results of the Company's hearing before the Nasdaq Hearings Panel ("Panel") to request a further stay of compliance with Nasdaq Listing Rule 5250(c)(1). The Letter states that the Panel has granted the Company's request for continued listing on the Nasdaq Capital Market provided that the Company files its Annual Report on Form 20-F for the fiscal year ended December 31, 2021 (the "2021 20-F") with the SEC on or before Tuesday, April 25, 2023.

National Energy Services Reunited Corp. Announces Additional Extension from Nasdaq to File 2021 Annual Report on Form 20-F

NEW YORK , Dec. 5, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ: NESR). Such investors are advised to contact Robert S.

Pomerantz Law Firm Investigates Claims On Behalf of Investors of National Energy Services Reunited Corp. - NESR

KUWAIT CITY, KUWAIT / ACCESSWIRE / November 28, 2022 / National Energy Services Reunited Corp. ("NESR" or "the Company") (NASDAQ:NESR) (NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, has announced that the company has been awarded a long term contract for Directional Drilling services in Kuwait, covering Directional Drilling ("DD"), Measurements while Drilling ("MWD"), Performance Drilling, Well Engineering and Logging While Drilling ("LWD") services for five years, with an option to extend an additional year. Alongside the similar, recently announced Directional Drilling services contract in Saudi Arabia, this award in Kuwait represents another key DD anchor contract, through which the Company will introduce its burgeoning portfolio of high end MWD and LWD technologies as they are commercialized.

NESR Secures Its First Multi-Year Directional Drilling Services Contract in Kuwait

San Francisco, California--(Newsfile Corp. - November 25, 2022) - Hagens Berman urges National Energy Services Reunited Corp. (NASDAQ: NESR) investors who suffered significant losses to submit your losses now.Visit: www.hbsslaw.com/investor-fraud/NESR Contact An Attorney Now: NESR@hbsslaw.com 844-916-0895National Energy Services Reunited Corp. (NASDAQ: NESR) Investigation: The investigation focuses on the accuracy of National Energy's reported earnings, its past assurances that its financial statements were prepared in accordance

Hagens Berman, National Trial Attorneys, Encourages National Energy Services Reunited (NESR) Investors with Significant Losses to Contact Firm's Attorneys, NESR Admits Improper Accounting for 3 Years, Firm Investigating Possible Securities Law Violations

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