NESR Reports Q3 Revenue of $295.3 Million and Net Income of $17.7 Million

Reuters11-13
NESR Reports Q3 Revenue of $295.3 Million and Net Income of $17.7 Million

National Energy Services Reunited Corp. reported revenue of $295.3 million for the third quarter ended September 30, 2025, a decrease of 9.8% from the previous quarter and 12.2% year-over-year. Net income for the quarter was $17.7 million, up 16.7% sequentially but down 14.0% from the same period last year. Adjusted EBITDA for the quarter was $64.0 million. Diluted earnings per share were $0.18, representing a 15.6% increase from the previous quarter. Operating cash flow for the nine months ended September 30, 2025, totaled $125.7 million, with free cash flow at $25.0 million. The increase in net income was primarily due to a net release of uncertain tax positions and unrecognized tax benefits in two geographies, partially offset by reduced activity following contract transitions in Saudi Arabia.

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