National Energy Services Reunited Corp. Reports Fourth Quarter 2025 Financial Results

About this update from National Energy Services Reunited Corp

Revenue for the quarter ended December 31, 2025, is $398.3 million, up 34.9% sequentially and 15.9% year-over-yearNet income for the quarter ended December 31, 2025, is $7.8 millionAdjusted net income (a non-GAAP measure)** for the quarter ended December 31, 2025, is $31.9 million, up 106.6% sequentiallyAdjusted EBITDA (a non-GAAP measure)** for the quarter ended December 31, 2025, is $84.4 million, improving 32.0% sequentiallyOperating cash flow for the year ended December 31, 2025, is $264.2 million, up 15.2% year-over-yearFree cash flow (a non-GAAP measure)** for the year ended December 31, 2025, is $120.8 million HOUSTON, TX / ACCESS Newswire / February 17, 2026 / National Energy Services Reunited Corp. ("NESR" or the "Company"), a leading integrated energy services provider in the Middle East and North Africa ("MENA"), today announced its financial results for the three-month period and year ended December 31, 2025. The Company delivered the following results for the periods presented: Three Months Ended Variance (in thousands except per share amounts and percentages) December 31,2025 September 30,2025 December 31,2024 Sequential Year- over- year Revenue $398,262 $295,315 $343,682 34.9% 15.9%Net income 7,803 17,737 26,837 (56.0)% (70.9)%Adjusted net income (non-GAAP)** 31,879 15,434 28,140 106.6% 13.3%Adjusted EBITDA (non-GAAP)** 84,414 63,957 87,219 32.0% (3.2)%Diluted EPS 0.08 0.18 0.28 (54.6)% (71.4)%Adjusted Diluted EPS (non-GAAP)** 0.32 0.16 0.30 105.0% 6.7%**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 Consolidated Balance Sheets, Statements of Operations, and Statements of Cash Flows are derived from the financial statements that will be presented in our Annual Report on Form 10-K for the year ended December 31, 2025.Stefan Angeli, Chief Financial Officer, commented, "Fourth quarter 2025 marked a strong finish to the year, highlighted by a sharp sequential acceleration in activity, disciplined cost execution, and continued balance sheet strengthening. Revenue reached $398.3 million, ref...

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