National Energy Services Reunited Corp (NAS:NESR)

Q3 2025 National Energy Services Reunited Corp Earnings Call Transcript

Nov 13, 2025 / 01:00 PM GMT

Release Date Price: $13.97 (+7.21%)

Transcript

Key Points

Positve

National Energy Services Reunited Corp (NESR) secured a multi-year, multi-billion dollar award for the Jafua project, marking a cornerstone achievement for the company.
The company is experiencing growth in Kuwait, Saudi Arabia, and other regions, indicating a positive activity inflection beyond Jafua.
NESR's countercyclical investment strategy is positioning the company for strength and operational readiness, allowing it to capitalize on global market weaknesses.
The company has maintained strong cost discipline and execution, resulting in steady adjusted EBITA margins despite lower revenues.
NESR is well-positioned to benefit from the AI revolution and energy demand growth in the Middle East, with plans to integrate AI into operations for enhanced efficiency.

Negative

NESR's overall third-quarter revenue declined by 9.8% sequentially and 12.2% year over year, primarily due to contract transitions in Saudi Arabia.
Global macroeconomic volatility, including trade uncertainty and inflationary pressures, has created challenges for short-term forecasting in the oilfield service sector.
The company's cash flow from operations and free cash flow fell below expectations due to delayed collections, impacting working capital efficiency.
NESR faces pressure from shareholders for immediate results, cash, and dividends, which can conflict with its long-term investment strategy.
The company is in the process of refinancing its debt facility, which may impact financial flexibility in the short term.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NESR.OQ - National Energy Services Reunited Corp
Q3 2025 National Energy Services Reunited Corp Earnings Call
Nov 13, 2025 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings and welcome to the NASA reports 3rd quarter 2025 financial results call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. If anyone requires operator assistance during the conference, please press 0 on your telephone keypad.

As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Mr. Blake Gendron. You may begin.

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Unidentified_2 [2]
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Thank you Kate. Hello and welcome to

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