National Energy Services Reunited Corp (NAS:NESR)

Q1 2026 National Energy Services Reunited Corp Earnings Call Transcript

May 11, 2026 / 12:00 PM GMT

Release Date Price: $25.43 (+10.09%)

Transcript 10-Q8-K

Key Points

Positve

National Energy Services Reunited Corp (NESR) achieved an all-time high revenue of $404.6 million in Q1 2026, marking a 33.5% year-over-year increase.
The company reported a strong adjusted EBITDA of $76.7 million, maintaining a resilient margin of approximately 19% despite geopolitical disruptions.
NESR's strategic 30-60-90 supply chain program ensured uninterrupted operations and maintained 100% reliability for customers.
The company is initiating a quarterly dividend of $0.10 per share starting Q4 2026, reflecting confidence in cash flow generation.
NESR is launching a $50 million share repurchase program, providing flexibility to return capital to shareholders when shares are undervalued.

Negative

Regional disruptions in Egypt, Oman, and Iraq negatively impacted activity levels during March.
The company faced $4 million in incremental freight and logistics costs due to geopolitical disruptions, affecting profitability.
Free cash flow was negative $5.3 million in Q1 2026, although it showed improvement compared to the previous year.
Working capital was a headwind in Q1, primarily due to seasonal DSO increase driven by Ramadan and Eid, and unforeseen geopolitical events.
The ongoing geopolitical conditions continue to pose challenges, particularly in freight and logistics, which could impact future costs.

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

NESR.OQ - National Energy Services Reunited Corp
Q1 2026 National Energy Services Reunited Corp Earnings Call
May 11, 2026 / 12:00PM GMT

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Presentation
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Greetings. Welcome to Nestle Reports for First Quarter 2026 Financial Results Conference Call. At this time, all participants will be in listen-only mode. The question-and-answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press *0 from your telephone keypad. Please note that this conference is being recorded. At this time, I'd like to turn the conference over to Blake Chendron, Vice President of Investor Relations. Thank you. You may now begin.

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