NASDAQ$NESR
National Energy Services Reunited Corp · Q2 2023 earnings
Q2 2023 earnings · · Before market open · Investor relations
Briefing
National Energy Services Reunited Corp reported strong revenue growth and net income for the second quarter of 2026.
NESR achieved revenues of $520.8 million in Q2 2026, more than doubling from the prior year period, driven by increased activity in hydraulic fracturing and well testing in Saudi Arabia. Net income reached $44.0 million with operating income of $64.8 million. The company maintained compliance with debt covenants and generated robust operating cash flow.
- Revenue increased 59% year-over-year to $520.8 million, led by Production Services growth in MENA.
- Net income more than doubled to $44.0 million, reflecting improved cost absorption and higher activity levels.
- Production Services segment operating income rose sharply to $60.2 million on higher fracturing stages in Saudi Arabia.
- Cash and cash equivalents stood at $175.0 million with total debt reduced to $274.6 million.
Headline financials
Revenue & EPS history
NESR · Revenue · Quarterly
$521M
Revenue by segment
NESR · $521M total across 2 segments · Q2 2023
- Production Services$330M—63.3%
- Drilling and Evaluation Services$191M—36.7%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 13 quarterly earnings reports
+4.0%
Avg return
Earnings day
+4.1%
Avg return
5 days after
+0.3%
Avg return
30 days after
61%
19 / 31 earnings
Positive
+32.0%
Q4 2022
Best reaction
-12.9%
Q2 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2023 | — | — | — | |
| Q1 2026 | +10.1% | +10.2% | — | |
| Q4 2025 | +6.4% | +17.1% | +1.1% | |
| Q3 2025 | +7.2% | +9.4% | +14.3% | |
| Q2 2025 | +14.0% | +18.1% | +39.6% | |
| Q4 2024 | +6.4% | +1.2% | -21.6% | |
| Q3 2023 | +1.2% | +3.4% | -2.2% | |
| Q3 2024 | +1.2% | +3.4% | -2.2% | |
| Q2 2024 | -4.7% | +0.0% | -35.0% | |
| Q4 2023 | +8.7% | +0.0% | +0.0% | |
| Q4 2021 | +32.0% | +0.0% | +0.0% | |
| Q4 2022 | +32.0% | +0.0% | +0.0% | |
| Q1 2023 | -1.1% | +0.0% | +0.0% | |
| Q3 2021 | +8.1% | +0.0% | +0.0% | |
| Q2 2021 | -12.9% | +0.0% | +0.0% | |
| Q1 2021 | +3.0% | -0.9% | +10.8% | |
| Q4 2020 | +9.3% | — | — | |
| Q3 2020 | -1.7% | — | — | |
| Q2 2020 | +5.6% | — | — | |
| Q1 2020 | +0.2% | — | — | |
| Q4 2019 | +1.0% | — | — | |
| Q3 2019 | +1.6% | — | — | |
| Q2 2019 | +0.1% | — | — | |
| Q1 2019 | -1.2% | — | — | |
| Q4 2018 | -4.1% | — | — | |
| Q3 2018 | +3.2% | — | — | |
| Q2 2018 | -1.3% | — | — | |
| Q1 2018 | -0.2% | — | — | |
| Q4 2017 | -0.4% | — | — | |
| Q3 2017 | -0.5% | — | — | |
| Q2 2017 | +0.0% | — | — | |
| Q1 2017 | +0.0% | — | — |
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