National Energy Services Reunited (NESR) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and National Energy Services Reunited published the results on November 9, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. National Energy Services Reunited reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Adjusted Diluted EPS (non-GAAP), which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• National Energy Services Reunited furnished its quarterly releases on Form 6-K through November 2025; since February 2026 it files 10-K, 10-Q and 8-K reports. The Q3 2025 figures come from its November 13, 2025 release furnished on Form 6-K.
• NESR is incorporated in the British Virgin Islands and headquartered in Houston; its operations are in the Middle East and North Africa.

Source: National Energy Services Reunited Q3 2026 results, November 9, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How National Energy Services Reunited splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• National Energy Services Reunited's Production Services revenue was $313 million in Q3 2026, up 79% from $174 million in Q3 2025, 62% of total revenue.
• National Energy Services Reunited's Drilling and Evaluation Services revenue was $192 million in Q3 2026, up 59% from $121 million in Q3 2025, 38% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP revenue and diluted EPS, each as first reported in that quarter's release (Q3 2025 on Form 6-K, later quarters on Form 8-K).

We do not hold a confirmed date for National Energy Services Reunited's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 9, 2026

National Energy Services Reunited reported Q3 2026 revenue of $504.7 million, up 70.9% from $295.3 million a year earlier and down 3.1% from the record $520.8 million in Q2 2026. NESR is an oilfield services provider in the Middle East and North Africa, with significant operations in Saudi Arabia, Oman, Kuwait, the United Arab Emirates, Iraq, Algeria, Egypt and Libya. (National Energy Services Reunited Q3 2026 release (EX-99.1), Nov 9, 2026; National Energy Services Reunited Form 10-Q, Q3 2026, Nov 9, 2026)

Production Services, which includes hydraulic fracturing, coiled tubing, stimulation, cementing and nitrogen services, produced $313.0 million, or 62% of revenue, against $174.4 million a year earlier. The 10-Q attributes the rise mainly to more hydraulic fracturing stages in Saudi Arabia. (National Energy Services Reunited Form 10-Q, Q3 2026, Nov 9, 2026)

Drilling and Evaluation Services, the pre-production work around rigs, produced $191.8 million against $120.9 million, mainly because of more well testing and, to a lesser extent, wireline logging activity in Saudi Arabia. The 10-Q says demand has been supported in large part by customer investment in Saudi Arabia, including the Jafurah unconventional field. (National Energy Services Reunited Form 10-Q, Q3 2026, Nov 9, 2026)

National Energy Services Reunited says the conflict involving the United States, Israel and Iran had not had a material adverse impact on its results by the end of the quarter, and CEO Sherif Foda said the company kept a 100% operational presence across its operating units. The 10-Q warns that any escalation, sanctions or supply disruptions could affect customer spending in future periods. (National Energy Services Reunited Form 10-Q, Q3 2026, Nov 9, 2026; National Energy Services Reunited Q3 2026 release (EX-99.1), Nov 9, 2026)

National Energy Services Reunited earned $0.33 per diluted share in Q3 2026, up from $0.18. Adjusted diluted EPS was $0.38, against $0.16 a year earlier. The $5.3 million of charges excluded this quarter were mainly a $2.9 million impairment of an equity investment and $1.1 million of current expected credit loss provisions. (National Energy Services Reunited Q3 2026 release (EX-99.1), Nov 9, 2026)

In Q3 2025 the adjusted figure sat below GAAP because NESR booked an income tax benefit of $5.5 million, driven by $9.2 million of adjustments to uncertain tax positions, which its adjusted measure removed. This quarter it recorded $8.7 million of tax expense, an effective rate of 20.2%, and the 10-Q says Pillar Two domestic minimum top-up taxes have in many cases pushed effective rates above local statutory minimums. (National Energy Services Reunited Form 10-Q, Q3 2026, Nov 9, 2026; National Energy Services Reunited Q3 2026 release (EX-99.1), Nov 9, 2026)

Diluted weighted average shares rose to 103,385,626 from 100,724,290. Adjusted EBITDA was $95.9 million, up 49.9%, and free cash flow was negative $45.9 million because of working capital needs, with unbilled revenue up $100.1 million over the first nine months. (National Energy Services Reunited Q3 2026 release (EX-99.1), Nov 9, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

National Energy Services Reunited does not publish a revenue or earnings outlook in its Q3 2026 release. The release reports a refinancing of its secured credit facilities with a group of regional and international banks, giving a multi-year maturity profile, and a quarterly cash dividend of $0.10 per share payable December 10, 2026. (National Energy Services Reunited Q3 2026 release (EX-99.1), Nov 9, 2026)

A consensus figure is the average of the models published by the analysts who cover National Energy Services Reunited, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones National Energy Services Reunited's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning NESR is on is NESR a buy or a sell?, what analysts expect next is on the NESR forecast, and what the company does is on the National Energy Services Reunited (NESR) stock page.

Every number on this page can be traced to a document National Energy Services Reunited published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.