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NESR revenue skyrockets past $500 million
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NESR revenue skyrockets past $500 million

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  • National Energy Services Reunited reported Q2 2026 revenue of $520.8 million, up 59.1% year over year.
  • Net income increased 189.6% to $44 million, while adjusted EBITDA rose 50.5% to $106.2 million.
  • Strong operating and free cash flow reduced net debt to $99.6 million as of June 30, 2026.

National Energy Services Reunited (NASDAQ:NESR) reported Q2 2026 revenue of $520.8 million, up 59.1% year over year, while net income increased to $44.0 million.

Revenue increased 28.7% from the previous quarter, while diluted earnings per share rose to $0.43 from $0.16 a year earlier and adjusted EBITDA increased to $106.2 million.

Adjusted net income reached $45.5 million, operating cash flow totaled $174 million and free cash flow was $99.9 million during the quarter.

The company ended June 30 with $175 million in cash and cash equivalents and $274.6 million of total debt, reducing net debt to $99.6 million from $185.3 million at the end of 2025.

For the first six months of 2026, National Energy Services Reunited generated revenue of $925.3 million and net income of $67.8 million as it continued to strengthen profitability and cash generation.

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