National Energy Services Reunited (NESR) has released an update.
National Energy Services Reunited Corp. (NESR) has reported a significant year-over-year financial growth for 2023, with a 26% increase in revenue to $1.146 billion and a 91% increase in operating cash flow to $177 million. The company also posted a net income of $12.6 million, marking a substantial improvement from the previous year, and highlighted a strong adjusted EBITDA of $262.3 million, up 61.1%. These results underscore NESR’s expanding foothold in the MENA region’s energy services sector and point to a robust performance trajectory.
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