NESR delivers $504.7 million revenue, declares dividend
By Liezl GambeKey points
- National Energy Services Reunited reported third-quarter 2026 revenue of US$504.7 million, up 70.9% year-over-year, with net income increasing 93.5% to US$34.3 million.
- Adjusted EBITDA reached US$95.9 million, while free cash flow was negative US$45.9 million; net debt declined to US$160.5 million.
- NESR entered a refinancing arrangement, signed a direct lithium extraction project agreement and declared a US$0.10-per-share dividend payable December 10, 2026.
National Energy Services Reunited (NASDAQ:NESR) reported third-quarter 2026 revenue of US$504.7 million, up 70.9% year-over-year, with net income reaching US$34.3 million.
Revenue exceeded analyst estimates of US$495.93 million, although diluted earnings per share of US$0.33 fell short of the US$0.3556 consensus estimate.
Adjusted EBITDA, a non-GAAP measure, reached US$95.9 million, up 49.9% annually but down 9.7% sequentially, while quarterly free cash flow was negative US$45.9 million.
The company also reported US$160.5 million in net debt at September 30, down from US$185.3 million at December 31, 2025, following debt repayments during the year.
NESR recently entered a refinancing arrangement, signed an agreement with Aramco for a direct lithium extraction project and announced a US$0.10-per-share dividend payable December 10, 2026, to shareholders registered by December 3.
