Business
National Energy Services Reunited Corp. Reports Third Quarter 2025 Financial Results
Revenue for the quarter ended September 30, 2025, is $295.3 millionNet income for the quarter ended September 30, 2025, is $17.7 million, up 16.7% on a
About this update from National Energy Services Reunited Corp
[{"type":"text","content":"Revenue for the quarter ended September 30, 2025, is $295.3 millionNet income for the quarter ended September 30, 2025, is $17.7 million, up 16.7% on a sequential quarter basisAdjusted EBITDA (a non-GAAP measure)* for the quarter ended September 30, 2025, is $64.0 millionDiluted Earnings per Share (EPS) for the quarter ended September 30, 2025, is $0.18, up 15.6% on a sequential quarter basisOperating cash flow for the nine months ended September 30, 2025, is $125.7 millionFree cash flow (a non-GAAP measure)* for the nine months ended September 30, 2025, is $25.0 million HOUSTON, TX / ACCESS Newswire / November 13, 2025 / National Energy Services Reunited Corp. (\"NESR\" or the \"Company\"), a national, industry-leading provider of integrated energy services in the Middle East and North Africa (\"MENA\") region, today reported its financial results as of and for the three months ended September 30, 2025. The Company posted the following results for the periods presented: Three Months Ended Variance (in thousands except per share amounts and percentages) September 30, 2025 June 30, 2025 September 30, 2024 Sequential Year- over- year Revenue $295,315 $327,368 $336,205 (9.8)% (12.2)%Net income 17,737 15,201 20,618 16.7% (14.0)%Adjusted net income (non-GAAP)* 15,434 20,130 28,912 (23.3)% (46.6)%Adjusted EBITDA (non-GAAP)* 63,957 70,559 80,035 (9.4)% (20.1)%Diluted EPS 0.18 0.16 0.22 15.6% (18.2)%Adjusted Diluted EPS (non-GAAP)* 0.16 0.21 0.31 (22.2)% (48.4)%*The Company presents its financial results in accordance with generally accepted accounting principles in the United States of America (\"GAAP\"). However, management believes that using additional non-GAAP measures will enhance the evaluation of the profitability of the Company and its ongoing operations. Please see Tables 1, 2, 3, and 4 below for reconciliations of GAAP to non-GAAP financial measures. The Condensed Consolidated Balance Sheets, Condensed Consolidated Interim Statements of Operations, and Condensed Consolidated Interim Statements of Cash Flows are derived from the unaudited condensed consolidated interim financial statements present in our Period Report on Form 6-K as of and for the three- and nine-month periods ended September 30, 2025.Stefan Angeli, Chief Financial Officer, commented, \"amid a challenging quarter of major contract transition, our cost reductio...