National Energy Services Reunited Corp. (NESR) Earnings Call Transcripts

National Energy Services Reunited Corp.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, National Energy Services Reunited Corp. (NESR) reported record revenue of $404.6 million, marking a 33.5% year-over-year increase. Adjusted EBITDA was $76.7 million, with a margin of approximately 19%. Management maintained a positive outlook, emphasizing robust growth driven by the Jafurah contract and a strong tender pipeline, while also announcing a new quarterly dividend of $0.10 per share starting in Q4 2026. The geopolitical situation in the Middle East remains a concern, but NESR's operations have largely remained unimpacted, signaling resilience in their business model.

Reported metrics

Guidance from management

For Q2 2026, NESR expects continued robust year-over-year growth driven by the Jafurah ramp-up and recent contract awards, with margins projected to improve sequentially. Full-year CapEx is expected to be around $180 million.

What management said

So for a full year basis, as I said previously, we'll maintain the same margin as we did last year, which is around 21%, 21.5%, right? Q1 is always the seasonally low number for the year. As I said in the prepared remarks, we had $4 million of freight costs right? And Q4 will be the highest for the year and will traject will improve each quarter to the highest quarter at the end of the year to end up with an average,...

Thank you very much. I appreciate all the time. And again, we're very positive about our future and the strength and I guess, as Stefan mentioned, with the capital return, I think that pass the right message to everyone that we are extremely, extremely positive for the future. Thank you very much.

What analysts pressed on

Analysts expressed concerns about the impact of geopolitical disruptions on operational efficiency and the potential for increased costs due to logistics challenges. There were also questions regarding the sustainability of margins amidst rising operational costs.

Main topics on the call

• Record Revenue — NESR achieved a record revenue of $404.6 million for Q1 2026, which is a 33.5% increase year-over-year. Management noted that this growth was primarily driven by the ramp-up of the Jafurah contract, despite lower activit...
• Adjusted EBITDA Performance — The company reported adjusted EBITDA of $76.7 million, reflecting a margin of approximately 19%. This performance was attributed to strong operational execution and cost discipline, despite facing $4 million in additiona...
• Geopolitical Resilience — Management emphasized that NESR's operations have remained largely unimpacted by the ongoing geopolitical situation in the Middle East, stating, "We have had zero evacuation" and highlighting the commitment to customer o...
• New Capital Return Strategy — NESR announced plans to initiate a quarterly dividend of $0.10 per share starting in Q4 2026 and a $50 million share repurchase program. This reflects management's confidence in the durability of cash flow generation and...

Read the full National Energy Services Reunited Corp. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 21 National Energy Services Reunited Corp. earnings call transcripts on record, spanning February 26, 2020 to May 11, 2026. Based on this history, National Energy Services Reunited Corp. reports quarterly. The most recent call on file is dated May 11, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

NESR

Exchange

NasdaqCM

Country

US

Sector

Energy

Industry

Energy Equipment and Services

Calls on record

21

First call

February 26, 2020

Most recent

May 11, 2026

Reporting cadence

quarterly