National Energy Services Reuni Stock Price, News & Analysis
Company Description
National Energy Services Reunited Corp. (NESR) is an international provider of integrated energy services focused on the Middle East and North Africa ("MENA") region, with additional operations in the Asia Pacific region. The company’s warrants trade on the Nasdaq Capital Market under the symbol NESRW, while its ordinary shares trade under NESR. Founded in 2017, NESR is described in its public disclosures as one of the largest national oilfield services providers in the MENA and Asia Pacific regions, serving customers across multiple major oil and gas basins.
According to the company’s descriptions in its news releases and SEC filings, NESR helps its customers unlock the full potential of their reservoirs through two principal lines of activity: Production Services and Drilling and Evaluation Services. These activities position NESR within the crude petroleum and natural gas extraction value chain as a specialized oilfield services company rather than a direct hydrocarbon producer.
Production Services
NESR reports that its Production Services offerings are designed to support reservoir productivity and well performance. The company lists the following service categories within this segment:
- Hydraulic fracturing
- Cementing
- Coiled tubing
- Filtration
- Completions
- Stimulation
- Pumping
- Nitrogen services
These services are used by NESR’s customers to enhance production from oil and gas wells and to manage the lifecycle of wells in established and emerging fields across its operating regions.
Drilling and Evaluation Services
NESR also states that it helps customers access their reservoirs "in a smarter and faster manner" through its Drilling and Evaluation Services. The company identifies the following service lines within this area:
- Drilling downhole tools
- Directional drilling
- Fishing tools
- Testing services
- Wireline
- Slickline
- Drilling fluids
- Rig services
In recent announcements, NESR has highlighted multiple downhole drilling awards in Kuwait that span Drilling & Evaluation segments such as fishing and remedial services, downhole tools, tubing and casing running, and other advanced drilling services. It has also referenced integrated drilling services and well delivery campaigns in Jordan in collaboration with Kuwait Drilling Company, where NESR deploys services in the well construction scope.
Geographic Footprint and Workforce
NESR states that it operates in 16 countries, with over 6,000 employees representing more than 60 nationalities. The company’s disclosures emphasize its focus on the MENA region, including activity in countries such as Saudi Arabia, Kuwait, Oman, Algeria, Libya, Jordan, Egypt, and others within its broader regional footprint. NESR also notes operations in the Asia Pacific region, reflecting a presence beyond MENA.
The company’s principal executive office is located in Houston, Texas, as indicated in its Form 6-K filings, while its operational identity is closely tied to national oil company customers and energy basins across the Middle East and North Africa.
Sustainability and Environmental & Decarbonization Applications (NEDA)
NESR has publicly described a sustainability arm called Environmental & Decarbonization Applications ("NEDA"), which it notes was previously launched under the NESR ESG Impact banner. Through NEDA, NESR focuses on recycling, treating, and reusing produced water with the stated aim of reducing freshwater consumption and environmental impact. The company has highlighted projects where desalinated produced water treated by NEDA is used as a tangible example of circular resource use.
In one initiative, NESR commissioned original artwork created using desalinated produced water processed by NEDA, describing the project as a way to demonstrate how industrial byproducts can be reimagined through responsible resource management. NESR characterizes NEDA as a segment with a growing portfolio of solutions addressing environmental challenges related to water usage in the energy sector.
Contracts, Projects, and Regional Activity
NESR’s news releases describe a series of multi-year contract awards and project engagements that illustrate how its services are deployed across the region:
- In Saudi Arabia, NESR announced a multi-billion dollar unconventional completion services contract associated with Aramco’s Jafurah and other unconventional plays over a five-year term, involving significant mobilization of completion services and a broad scope of work.
- In Kuwait, the company reported multiple five-year downhole drilling contract awards totaling approximately US$100 million, covering Drilling & Evaluation segments such as fishing and remedial services, downhole tools, tubing and casing running, and other advanced drilling services.
- In North Africa, NESR disclosed multiple Production Services contract awards in Algeria and Libya, with an estimated total value exceeding US$100 million and covering coiled tubing, nitrogen and pumping services, cementing, and hydraulic fracturing.
- In Jordan, NESR described an integrated well delivery campaign in collaboration with Kuwait Drilling Company, where NESR provides services within the well construction scope as part of an integrated drilling services model.
These disclosures indicate that NESR’s services are applied across both oil and gas projects, including unconventional gas development in Saudi Arabia and integrated drilling and production support in other MENA markets.
Corporate Structure and Regulatory Reporting
National Energy Services Reunited Corp. is organized as a British Virgin Islands company and files as a foreign private issuer with the U.S. Securities and Exchange Commission. The company submits periodic reports on Form 20-F and interim reports on Form 6-K, which include unaudited condensed consolidated interim financial statements prepared in accordance with U.S. GAAP.
NESR’s Form 6-K filings provide details on its balance sheet, income statement, cash flows, debt structure, and segment reporting. They also document corporate actions such as a warrant exchange offer and related warrant agreement amendment, under which NESR offered holders of its outstanding warrants the opportunity to exchange those warrants for ordinary shares at specified ratios and subsequently exercised the right to exchange remaining outstanding warrants.
NESRW Warrants and Capital Structure
The NESRW symbol refers to warrants to purchase NESR ordinary shares. According to the company’s Form 6-K filings, these warrants trade on the Nasdaq Capital Market. In 2025, NESR conducted an exchange offer and consent solicitation for its outstanding warrants, offering holders 0.10 ordinary shares for each warrant tendered. Following the offer, the company reported that a substantial majority of warrants were tendered and that a warrant agreement amendment was approved, allowing NESR to mandatorily exchange remaining outstanding warrants at a ratio of 0.09 ordinary shares per warrant.
These actions, described in the company’s SEC filings, affect the relationship between NESRW warrants and NESR ordinary shares and are relevant for investors analyzing the company’s capital structure and potential dilution from warrant exercises or exchanges.
Position in the Energy Services Value Chain
Within the broader mining, quarrying, and oil and gas extraction sector, NESR operates as an oilfield services company. Its disclosed activities span production enhancement, drilling support, evaluation services, and environmental and decarbonization applications. The company’s emphasis on integrated energy services in MENA, its engagement with national oil companies, and its combination of production, drilling, and environmental offerings define its role in supporting crude petroleum and natural gas extraction projects rather than directly producing hydrocarbons.