NESR Reports Record Q2 2026 Revenue of $520.8 Million

Earnings
โดย The Motley Fool·SA·Read original
Summary · why it matters

National Energy Services Reunited reported record second-quarter 2026 revenue of $520.8 million, up 28.7% sequentially and 59.1% year-over-year, driven primarily by the ramp-up of its Jafurah contract in Saudi Arabia. Adjusted EBITDA reached a record $106.2 million with a 20.4% margin, while adjusted net income hit a record $45.5 million, or $0.44 per diluted share. The company now views $2 billion in full-year revenue as a minimum objective, having achieved its fourth-quarter annualized exit rate target two quarters ahead of schedule. NESR also announced it will change auditors from Grant Thornton Dubai to PricewaterhouseCoopers Dubai effective for the 2027 audit, and reiterated plans to initiate a quarterly dividend of $0.10 per share beginning in the fourth quarter of 2026.

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