National Energy Services Reunited Corp.NESREarnings & Financial Report
National Energy Services Reunited Corp. is a leading integrated oilfield services provider offering a full suite of solutions covering well construction, completion, production, and intervention services for upstream oil and gas operators. Its core markets cover the Middle East, North Africa, and East Asia, serving both national oil companies and international energy clients.
NESR Q3 FY2025 Key Financial Metrics
Revenue
$295.3M
Gross Profit
$35.4M
Operating Profit
$19.6M
Net Profit
$17.7M
Gross Margin
12.0%
Operating Margin
6.6%
Net Margin
6.0%
YoY Growth
-12.2%
EPS
$0.18
National Energy Services Reunited Corp. Q3 FY2025 Financial Summary
National Energy Services Reunited Corp. reported revenue of $295.3M (down 12.2% YoY) for Q3 FY2025, with a net profit of $17.7M (down 14.0% YoY) (6.0% margin). Cost of goods sold was $260.0M, operating expenses totaled $15.8M.
Key Financial Metrics
| Total Revenue | $295.3M |
|---|---|
| Net Profit | $17.7M |
| Gross Margin | 12.0% |
| Operating Margin | 6.6% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
National Energy Services Reunited Corp. Q3 FY2025 revenue of $295.3M breaks down across 2 segments, led by Production Services at $174.4M (59.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Production Services | $174.4M | 59.1% |
| Drilling And Evaluation Services | $120.9M | 40.9% |
National Energy Services Reunited Corp. Revenue by Segment — Quarterly Trend
National Energy Services Reunited Corp. revenue by segment across the last 4 reported quarters, showing how each business line (such as Production Services and Drilling And Evaluation Services) has evolved quarter over quarter.
| Segment | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q3 FY2024 |
|---|---|---|---|---|
| Production Services | $174.4M | $205.1M | $188.1M | $230.5M |
| Drilling And Evaluation Services | $120.9M | $122.3M | $115.0M | $105.7M |
National Energy Services Reunited Corp. Quarterly Revenue & Net Profit History
National Energy Services Reunited Corp. results over the last 5 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2025 | $295.3M | -12.2% | $17.7M | 6.0% |
| Q2 FY2025 | $327.4M | +0.7% | $15.2M | 4.6% |
| Q1 FY2025 | $303.1M | — | $10.4M | 3.4% |
| Q3 FY2024 | $336.2M | — | $20.6M | 6.1% |
| Q2 FY2024 | $325.0M | — | $18.9M | 5.8% |
Income Statement
| Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|
| Revenue | $325.0M | $336.2M | $303.1M | $327.4M | $295.3M |
| YoY Growth | N/A | N/A | N/A | 0.7% | -12.2% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|
| Assets | $1.79B | $1.80B | $1.77B | $1.83B | $1.81B |
| Liabilities | $938.0M | $929.3M | $848.8M | $890.2M | $852.5M |
| Equity | $851.4M | $873.5M | $920.5M | $936.9M | $956.7M |
Cash Flow
| Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|
| Operating CF | $70.8M | $20.5M | $98.5M | $6.7M |