National Energy Services Reuni Stock Price, News & Analysis

National Energy Services Reunited Corp. (NASDAQ:NESR) announced the completion of its previously announced warrant exchange offer and consent solicitation. The company reported that 34,135,493 warrants, representing approximately 96.05% of outstanding warrants, were validly tendered before the June 30, 2025 deadline.

The consent solicitation successfully received approval from 96.05% of outstanding warrant holders for the warrant amendment, exceeding the required 50% threshold. Under the amendment terms, NESR can require remaining warrants to be converted into 0.09 Ordinary Shares, a ratio 10% lower than the exchange offer rate.

NESR plans to execute the warrant amendment concurrent with the offer settlement, expected by July 3, 2025. The company intends to exercise its right to exchange all remaining untendered warrants for ordinary shares, after which no warrants will remain outstanding. The SEC declared NESR's Registration Statement on Form F-4 effective on June 24, 2025.

National Energy Services Reunited Corp. (NASDAQ:NESR) has announced its inclusion in both the Russell 2000® Index and Russell 3000® Index, effective June 27, 2025. The Russell 3000® Index comprises the 3,000 largest U.S. public companies by market capitalization, while the Russell 2000® Index is its small-cap subset.

These widely-used indices serve as benchmarks for investment strategies and index funds, with approximately $10.6 trillion in assets benchmarked against Russell U.S. Indexes. NESR, founded in 2017, operates as a major oilfield services provider in the MENA and Asia Pacific regions, employing over 6,000 people across 16 countries.

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

The company's senior management will attend 11 major events, including the J.P. Morgan Energy Conference, Raymond James Aspen Energy Summit, and ADIPEC. These events feature a mix of investor 1x1 meetings, fireside chats, industry discussions, and technology showcases. NESR's CEO will participate in several keynote speaking sessions and executive panels, particularly at major Middle Eastern events like MEOS GEO and FII.

Founded in 2017, NESR employs over 6,000 people across 16 countries, offering comprehensive production services and drilling and evaluation services to help customers optimize reservoir potential.

National Energy Services Reunited Corp. (NESR) reported its Q1 2025 financial results with revenue of $303.1M, up 2.1% YoY. Net income reached $10.4M (+4.1% YoY) with diluted EPS of $0.11 (+10% YoY). Adjusted EBITDA was $62.5M, down from $64.2M in Q1 2024. Operating cash flow totaled $20.5M. Despite seasonal slowdowns during Ramadan and macroeconomic uncertainty, NESR maintained strong operational execution in the MENA region. The company's Net Debt to Adjusted EBITDA ratio improved to 0.93 from 1.30 year-over-year. Total debt stood at $366.3M, with cash and equivalents at $78.7M. Free cash flow was negative $9.6M, primarily due to seasonal working capital increases.

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.