National Energy Services Reuni Stock Price, News & Analysis

National Energy Services Reunited Corp. (NASDAQ:NESR, NASDAQ:NESRW) announced its participation in the United Nations Global Compact, reinforcing its commitment to responsible business practices. This voluntary initiative aligns companies with ten principles covering human rights, labor, environment, and anti-corruption. With over 9,000 companies in 160 countries involved, NESR aims to embed these principles into its operations, enhancing governance and sustainability since its inception in 2017. The company, a prominent oilfield service provider, is dedicated to driving corporate responsibility forward.

Cactus, Inc. (NYSE: WHD) and National Energy Services Reunited Corp. (NASDAQ: NESR) have entered an agreement to provide and deploy Cactus frac rental equipment in the Middle East. This collaboration aims to leverage Cactus' innovative products and NESR's extensive market presence to enhance unconventional oil and gas development in the region. Cactus CEO Scott Bender expressed optimism about growth prospects, while NESR CEO Sherif Foda highlighted the significance of their partnership for delivering efficient services to customers. Both companies anticipate a significant value addition for their clients.

National Energy Services Reunited Corp. (NASDAQ:NESR, NASDAQ:NESRW) has entered into a collaboration with Cactus, Inc. (NYSE:WHD) to provide frac rental equipment in the Middle East. This partnership aims to leverage Cactus' technology and NESR's extensive market access, enhancing oil and gas operations in the region. Cactus' CEO emphasized potential growth in MENA's unconventional oil and gas development. NESR, with over 5,000 employees, aims to unlock reservoir potential through various integrated energy services, positioning itself for future growth.

National Energy Services Reunited Corp. (NASDAQ:NESR, NESRW) announced participation in several investor conferences scheduled for September 2021. The events include the NBF 9th Annual Energy Conference on September 1, Barclays CEO Energy-Power Conference on September 8 at 11:30 AM ET, and Peters & Co. Limited 25th Annual Energy Conference from September 14-16. NESR, a leading provider of integrated energy services in the MENA and Asia Pacific regions, aims to showcase its offerings in hydraulic fracturing, drilling services, and more through these platforms.

National Energy Services Reunited Corp. (NESR) reported 16% year-over-year revenue growth for Q2 2021, totaling $235 million. Free cash flow was $12 million, while net income reached $8 million. Adjusted EBITDA improved to $54 million, reflecting a 7% increase from the prior quarter. Diluted earnings per share (EPS) were $0.08, with adjusted EPS at $0.14 after accounting for charges. The company continues to enhance its operations with a successful integration of acquired services, solidifying its presence in Kuwait. Cash and cash equivalents stood at $66.1 million.

National Energy Services Reunited Corp. (NASDAQ:NESR, NESRW) will release its second quarter financial results on August 4, 2021. A conference call will take place at 8:00 AM ET to discuss the results. Interested parties can participate via U.S. toll-free and international lines, or join the live webcast available on the company's website. Founded in 2017, NESR provides integrated energy services across the MENA and Asia Pacific regions, with over 5,000 employees operating in more than 15 countries.

National Energy Services Reunited Corp. (NASDAQ:NESR, NESRW) announced significant contract awards totaling up to $150 million from major international oil companies in the Middle East and North Africa (MENA) region. The contracts, focused on Integrated Rigless Services and Drilling and Completion Fluids, will be executed over the next three years. CEO Sherif Foda emphasized that these awards demonstrate NESR's capacity for complex multi-service operations, enhancing its competitiveness in the region and expanding its service offerings.

National Energy Services Reunited Corp. (NASDAQ:NESR, NESRW) announced participation in key investor conferences, enhancing its visibility in the MENA and Asia Pacific energy sectors. The senior management team will attend the Tudor, Pickering, Holt & Co. 2021 Hotter 'N Hell Energy Conference on June 10, 2021, and the J.P. Morgan Energy, Power & Renewables Conference on June 22-23, 2021, with Sherif Foda presenting on June 22 at 2:00 PM ET. NESR, established in 2017, employs over 5,000 staff across 15 countries, providing critical oilfield services.

National Energy Services Reunited Corp. (NESR) reported preliminary unaudited financial results for Q1 2021, achieving a revenue of $212 million, a 7% increase year-over-year, and flat quarter-over-quarter. Operating income rose by 29% to $16 million, while Adjusted EBITDA amounted to $50 million. The company generated $47 million in net cash from operating activities, a $38 million improvement year-over-year. Free cash flow reached $37 million, improving by $50 million year-over-year. NESR also announced the successful closure of a strategic acquisition in Kuwait, enhancing its operational capabilities.