National Energy Services Shows Asset Growth and Equity Boost

National Energy Services Reunited (NESR) has released an update.

National Energy Services Reunited Corp. reported a rise in total assets to $1.8 billion as of September 30, 2024, compared to $1.79 billion at the end of 2023, driven by increased cash equivalents and unbilled revenue. The company’s equity also saw an uptick, reaching $873.5 million, a notable improvement from $821.5 million at the start of the year. However, liabilities decreased slightly, reflecting effective management of debt and operating expenses.

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