National Energy Services Reuni Stock Price, News & Analysis

National Energy Services Reunited Corp. (NASDAQ: NESR) has initiated an exchange offer and consent solicitation for its outstanding warrants. The company is offering 0.10 ordinary shares for each warrant tendered, with potential to exchange up to 3,554,038 ordinary shares for the 35,540,380 outstanding warrants. The offer aims to simplify NESR's capital structure and reduce potential dilution. Concurrent with the exchange offer, NESR is seeking consent to amend the warrant agreement, allowing the company to require remaining warrant holders to convert at a 10% lower ratio of 0.09 shares per warrant. Approximately 54.78% of warrant holders have already agreed to the exchange and amendment. The offer period extends until June 30, 2025. NESR has engaged BTIG, LLC as dealer manager and Sodali & Co. as information agent for the transaction.

National Energy Services Reunited Corp. (NASDAQ: NESR), a leading integrated energy services provider in the MENA region, has scheduled its Q1 2025 financial results release for June 3rd, 2025. The company will host a conference call at 8:00 AM ET on the same day to discuss the results. Investors and analysts can participate by dialing 1-877-407-0890 (U.S. toll-free) or 1-201-389-0918 (international). A live webcast will be available on NESR's website under the "Investors" section, with a replay available after the event.

National Energy Services Reunited Corp. (NASDAQ: NESR) has announced plans to initiate an exchange offer for its outstanding warrants (NESRW) and a concurrent consent solicitation. Under the proposed offer, warrant holders can exchange each warrant for 0.10 Ordinary Shares. The company is also seeking consent to amend the warrant agreement, which would allow NESR to convert remaining warrants at a ratio of 0.09 Ordinary Shares per warrant after the offer closes. Notably, holders representing a majority of outstanding warrants have already agreed to participate in both the exchange offer and consent solicitation through a tender and support agreement. The exchange offer has not yet commenced and will begin upon filing definitive documentation with the SEC.

National Energy Services Reunited (NESR) has secured new Slickline contracts worth $200 million across Kuwait and Oman. The five-year contracts mark NESR's expansion in its Drilling & Evaluation segment, particularly in rigless activity.

These contracts represent NESR's first entry into Slickline services in Oman and Kuwait, building upon their existing stronghold in Saudi Arabia and Egypt. The expansion aligns with NESR's "portfolio pull through" strategy, where success in one or two countries is replicated across the MENA region.

CEO Sherif Foda highlighted that these contracts position NESR among the top three providers of Slickline services in the MENA region. The awards complement NESR's growth in evaluation services, including Cased Hole Wireline and Surface Well Testing, while bringing geographic diversification to their Slickline operations.

National Energy Services Reunited Corp. (NESR) has commenced construction of a 180,000m² state-of-the-art facility at King Salman Energy Park (SPARK) in Saudi Arabia. Following a February groundbreaking event attended by key industry leaders, including Saudi Aramco Upstream President and SPARK executives.

The facility will be developed in four strategic phases, with the first phase focusing on transitioning NESR's hydraulic fracturing operations. The project will incorporate AI and machine learning technologies for drilling optimization, well intervention, and production enhancement. The facility aims to boost efficiency through predictive maintenance and reduce non-productive time.

This development aligns with Saudi Arabia's Vision 2030, emphasizing localization, technological advancement, and strengthening domestic manufacturing capabilities in the energy sector. The facility will serve as a regional hub for innovation in oilfield services, focusing on sustainability and adhering to the highest LEED facility development standards.

National Energy Services Reunited Corp. (NESR), a leading integrated energy services provider in the MENA region, has announced a significant upcoming fireside chat event. Chairman & CEO Sherif Foda will participate in a discussion with Water Tower Research on April 10th, 2025, at 11am ET.

The conversation, led by Jeff Robertson, Managing Director and Natural Resources analyst at WTR, will explore NESR's background, strategic position in MENA, growth plans, and technological innovations. Investors can access the event through a provided Zoom registration link, with a replay to be available on NESR's Investor Relations webpage after the session.

National Energy Services Reunited Corp. (NESR) reported strong Q4 2024 financial results with revenue reaching $343.7 million, up 11.8% year-over-year and 2.2% sequentially. Net income surged to $26.8 million, showing remarkable growth of 1,087% year-over-year.

Key highlights include:

• Adjusted EBITDA of $87.2 million, increasing 9.8% year-over-year
• Diluted EPS of $0.28, up 1,300% year-over-year
• Net cash from operations of $229.3 million for 2024, improving 29.6%
• Free cash flow of $124.2 million, up 14.2% year-over-year

The company maintained strong financial health with Net Debt/Adjusted EBITDA ratio at 0.89. Despite expectations of moderate subsidence in H1 2025 due to geopolitics and seasonal patterns, NESR remains confident in its full-year 2025 outlook, particularly in serving customers' oil and gas demands.

National Energy Services Reunited Corp. (NASDAQ:NESR), a leading integrated energy services provider in the MENA region, has scheduled its Q4 2024 financial results release for March 12, 2025.

The company will host a conference call at 8:00 AM ET on the same day to discuss the results. Investors and analysts can participate by dialing the U.S. toll-free line at 1-877-407-0890 or international line at 1-201-389-0918. A live webcast will be available on the company's website under the 'Investors' section, with a replay accessible after the event.

National Energy Services Reunited Corp. (NESR), a leading integrated energy services provider in the MENA region, has announced its participation in multiple investor conferences and events from December 2024 through early 2025.

The schedule includes non-deal roadshows with TD Cowen, Benchmark Company, J.P. Morgan, and Barclays, as well as major industry conferences such as the Capital One Securities Energy Conference, Goldman Sachs Energy Conference, and Piper Sandler Energy Conference.

NESR will also participate in key regional events including the Saudi IKTVA Forum, Libya Energy & Economic Summit, and Egypt Energy Show, where management will showcase technological achievements, including the Roya drilling platform and NEDA ecosystem solutions. The company's leadership will participate in various panels focusing on Middle East energy, decarbonization, and regional production strategies.