National Energy Services Reunit
NESR
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- National Energy Services Reunit is well-positioned in the oil and gas equipment and services industry, benefiting from a growing demand for energy services as global energy consumption rises.
- In Q2 2026, NESR reported a revenue increase of 29% compared to the previous quarter, reaching $521 million.
- The company's gross margin improved to 15.6% in Q2 2026, up from 12.8% in Q1 2026.
- Despite recent growth, NESR faces significant market volatility and competition, which may impact its long-term profitability.
- The company's score indicates a 'Strong Sell' signal with a score of -16.00, reflecting bearish market trends.
- NESR's operating margin has only expanded to 12.5% in Q2 2026, which may not be sufficient to sustain investor confidence.
Fundamentals
| Market cap | $2.34B | Enterprise value | $2.47B | Trailing P/E | 25.26 | Forward P/E | 8.96 |
| PEG | — | Price / book | 2.25 | Beta | 0.48 | Dividend yield | 0.00% |
| Revenue growth | 59.1% | Earnings growth | 172.8% | Gross margin | 13.3% | Operating margin | 12.5% |
| Profit margin | 5.8% | ROE | 9.4% | ROA | 4.8% | Debt / equity | 0.29 |
| Current ratio | 1.02 | Free cash flow | $137.61M | Analyst recommendation | strong_buy | Mean target | $42.11 |
| 52w high | $36.94 | 52w low | $10.01 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | |
|---|---|---|---|---|---|
| Revenue | $521M | $405M | $398M | $295M | $327M |
| Op margin | 12.5% | 8.9% | 7.7% | 6.6% | 8.3% |
| Net income | $44.0M | $23.8M | $7.8M | $17.7M | $15.2M |
| Gross margin | 15.6% | 12.8% | 12.1% | 12.0% | 13.4% |
| Gross profit | $81.3M | $51.8M | $48.0M | $35.4M | $43.9M |
| Operating income | $64.8M | $36.0M | $30.7M | $19.6M | $27.1M |
- Revenue +29% vs prior quarter ($521M vs $405M).
- Gross margin 15.6% (was 12.8% prior quarter).
- Operating margin expanded to 12.5%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.3B | $1.1B | $910M | — |
| Op margin | 7.4% | 10.6% | 7.0% | -0.1% | — |
| Net income | $51.1M | $76.3M | $12.6M | -$36.4M | — |
| Gross margin | 12.4% | 16.0% | 13.0% | 7.2% | — |
| Gross profit | $165M | $209M | $149M | $65.5M | — |
| Operating income | $98.3M | $138M | $80.7M | -$0.9M | — |
Headlines — positive tone
• [OK · fundamentals] Can NESR's Jafurah Ramp-Up Sustain Its Record Revenue Momentum Ahead?
News
2026-10-08 · National Energy Services Reunited (NESR) Lands Aramco Lithium Deal But Is The Stock A Bargain
2026-10-08 · National Energy Services Reunited Signs Up to $200 Million Lithium Project Agreement With Aramco
2026-10-08 · NESR and Aramco Sign Agreement to Deliver the Region's First Direct Lithium Extraction Project
2026-10-07 · Select Water Solutions, ProPetro, Kodiak Gas Services, and NESR Stocks Trade Down, What You Need To Know
2026-10-07 · 2 of Wall Street’s Favorite Stocks with Exciting Potential and 1 Facing Headwinds
2026-10-02 · BofA Securities Adjusts National Energy Services Reunited Price Target to $35 From $40
2026-10-01 · SLB OneSubsea Secures Rovuma Basin Subsea Production Systems Deal
2026-10-01 · BMO Capital Initiates Coverage on National Energy Services Reunited With Outperform Rating, $39 Price Target
2026-09-30 · Capital One Initiates National Energy Services Reunited at Overweight
2026-09-30 · Here's Why National Energy Services Reunited (NESR) is Poised for a Turnaround After Losing 23.7% in 4 Weeks
2026-09-30 · Is NESR a Buy as Rapid Growth Collides With a Much Richer Valuation?
2026-09-30 · Can NESR's Jafurah Ramp-Up Sustain Its Record Revenue Momentum Ahead?
Price (daily)
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