Stock Track | NESR Soars 9.26% Intraday on Strong Q1 Earnings Beat and Dividend Announcement

Stock Track05-12

National Energy Services Reunited Corp. (NESR) saw its stock price soar 9.26% during intraday trading on Monday.

The surge follows the company's release of robust first-quarter fiscal 2026 results, which exceeded analyst expectations across key financial metrics. NESR reported revenue of $404.6 million, a 33.5% year-over-year increase that beat the consensus estimate. Adjusted earnings per share came in at $0.26, surpassing the $0.21 estimate, while adjusted net income and EBITDA also topped forecasts.

Further bolstering investor sentiment, the company announced plans to initiate a quarterly cash dividend starting in the fourth quarter of 2026 and authorized a share repurchase program of up to $50 million. Management attributed the strong performance to higher activity in hydraulic fracturing and well testing services, particularly growing contributions from Saudi Arabia's Jafurah unconventional field, alongside recent multi-year contract awards in Kuwait and North Africa.

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