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National Energy Services Reunited Corp. by the numbers
National Energy Services Reunited Corp. (NESR) reported revenue of $405M in Q1 2026 (quarter ended Mar 31, 2026), up 33% from the same quarter a year earlier. That came with a gross margin of 13% and net income of $24M (5.9% of revenue). For the full year FY2025, revenue was $1.32B (+1.7% year on year) and net income $51M. Its largest region in Jun 2026 was MENA at $518M, 100% of the disclosed total, well ahead of Rest Of World at 0.5%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $405M | $303M | +33% |
| Gross profit | $52M | $37M | +38% |
| Operating income | $36M | $21M | +72% |
| Net income | $24M | $10M | +129% |
| Diluted EPS | $0.23 | $0.11 | +109% |
| Geographic | Revenue | Share |
|---|---|---|
| MENA | $518M | 100% |
| Rest Of World | $2.4M | 0.5% |
Business Segments
Revenue split by geographic segment, from SEC XBRL filings.
Latest period: Jun 2026Total $520.8M (+29%)
Segment Latestquarter on quarteryear on year
- MENA$518.3M$518.3MQoQ +29%year on year +60%+29%+60%
- Rest Of World$2.4M$2.4MQoQ +37%year on year -8.8%+37%-8.8%
Oil & Gas Equipment & Services
Ranks #15 of 24 by Smart Score