Quarterly ResultMay 11, 2026, 06:11 AM
NESR Q1 Revenue $404.6M, Net Income $23.8M; Announces Capital Return Program
AI Summary
National Energy Services Reunited Corp. (NESR) reported strong financial results for the first quarter of 2026, with revenue reaching an all-time high of $404.6 million, a 33.5% increase year-over-year. Net income surged by 129.3% year-over-year to $23.8 million, and diluted EPS rose to $0.23. The company also announced a capital return program, including a quarterly cash dividend of $0.10 per share starting in Q4 2026 and authorization for up to $50.0 million in share repurchases, reflecting strong operational execution despite geopolitical challenges.
Key Highlights
- Q1 2026 Revenue was $404.6 million, up 33.5% YoY and 1.6% sequentially.
- Q1 2026 Net Income was $23.8 million, up 129.3% YoY and 205.4% sequentially.
- Q1 2026 Diluted EPS was $0.23, up 109.1% YoY and 201.3% sequentially.
- Q1 2026 Adjusted EBITDA was $76.7 million, a 22.7% increase year-over-year.
- Q1 2026 Operating cash flow was $30.7 million, growing 50.1% year-over-year.
- Board approved a quarterly cash dividend of $0.10 per share, anticipated to commence in Q4 2026.
- Authorized repurchase of up to $50.0 million of the Company’s Ordinary Shares.
- Net Debt increased to $194.4 million as of March 31, 2026, from $185.3 million.