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National Energy Services Reunited (NESR)
NASDAQ:NESR
RESEARCH TOOLSreports
Earnings Data
Report Date
Aug 12, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.26Last Year’s EPS
0.2Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 12, 2025
|% Change Since: -20.92%
|Next Earnings Date:Aug 12, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance for NESR in 2024, with record revenue, EBITDA, and cash flow, as well as significant market expansion and technological advancements. Despite macroeconomic and geopolitical uncertainties, and anticipated seasonal slowdowns and competitive pressures, the company maintains an optimistic outlook for 2025.Company Guidance
During the NESR Fourth Quarter 2024 Financial Results call, Sherif Foda, Chairman and CEO of NESR, announced record achievements in revenue, EBITDA, and EPS for the fourth quarter of 2024, with revenue reaching $343.7 million, up 2.2% sequentially and 11.8% year-over-year. The full-year revenue for 2024 was $1.3 billion, marking a 13.6% increase compared to the previous year, driven by strong activity in the Gulf countries. The adjusted EBITDA for Q4 2024 was a record $87.2 million, with near-record margins of 25.4%, and the full-year adjusted EBITDA was $310.1 million, up 18.2% year-over-year. The company achieved a net debt-to-adjusted EBITDA ratio of 0.89 times by the year's end, significantly reduced from 2.8 times at the end of 2022. Foda also discussed NESR's strategic focus on expanding its technology portfolio and potential capital allocation for growth opportunities in 2025, with an emphasis on the MENA region's sustained activity.Record-Breaking Revenue and Growth
NESR achieved record revenue of $343.7 million for Q4 2024, up 2.2% sequentially and 11.8% year-over-year, with full-year revenue reaching $1.3 billion, a 13.6% increase year-over-year.
Strong EBITDA and Cash Flow
Adjusted EBITDA for Q4 2024 was a record $87.2 million, with margins of 25.4%. Full-year adjusted EBITDA was $310.1 million, up 18.2% year-over-year. Free cash flow for the full year was $124 million, with a conversion rate of 40.1%.
Market Expansion and Operational Milestones
The company expanded its footprint in Saudi Arabia, Oman, Kuwait, UAE, Iraq, Algeria, and Egypt, achieving record revenue and growth in each. NESR gained market share in Saudi Arabia and introduced new technology platforms in Oman.
Technological Advancements
Successful execution of the ROYA direction drilling platform and the NEDA decarbonization portfolio, with key pilot milestones achieved and plans for commercialization.
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National Energy Services Reunited (NESR) Earnings, Revenues Date & History
NESR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NESR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 12, 2025 | $7.60 | $8.09 | +6.45% |
| Nov 19, 2024 | $8.51 | $8.78 | +3.17% |
| Aug 29, 2024 | $9.50 | $9.50 | 0.00% |
| May 13, 2024 | $9.75 | $9.75 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does National Energy Services Reunited (NESR) report earnings?
National Energy Services Reunited (NESR) is schdueled to report earning on Aug 12, 2025, TBA Not Confirmed.
What is National Energy Services Reunited (NESR) earnings time?
National Energy Services Reunited (NESR) earnings time is at Aug 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NESR EPS forecast?
NESR EPS forecast for the fiscal quarter 2025 (Q2) is 0.26.
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