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Recent Updates — NESR

August 10, 2026View Source ↗

National Energy Services Reunited Corp. reported financial results for the second quarter ended June 30, 2026. Revenue increased 59.1% year-over-year to $520.8 million, while net income rose 189.6% to $44.0 million. Diluted earnings per share reached $0.43, up from $0.16 in the prior year period. Adjusted EBITDA grew 50.5% to $106.2 million, and operating cash flow surged 466.6% to $174.0 million. The company also reported free cash flow of $99.9 million and reduced net debt to $99.6 million from $185.3 million at year-end. NESR operates as an integrated oilfield services provider in the Middle East and North Africa.

August 10, 2026View Source ↗

On August 4, 2026, the Audit Committee of National Energy Services Reunited Corp. dismissed Grant Thornton Audit and Accounting Limited (Dubai Branch) as its independent registered public accounting firm, effective upon completion of the audit for the year ending December 31, 2026. The committee appointed PricewaterhouseCoopers Limited Partnership Dubai Branch to serve as the new auditor starting with the fiscal year ending December 31, 2027. This change followed a competitive tender process initiated in the second quarter of 2026, which was prompted by the required rotation of the lead audit engagement partner and served as an opportunity for a comprehensive review of audit services. The filing confirms that Grant Thornton’s reports for fiscal years 2024 and 2025 contained no adverse opinions or qualifications, and there were no disagreements between the company and the former auditor regarding accounting principles, financial disclosures, or auditing scope. National Energy Services Reunited Corp. operates in the oilfield services industry.

July 21, 2026View Source ↗

National Energy Services Reunited Corp. announced the appointment of Maen Razouqi as an additional independent member of the Board of Directors, effective August 1, 2026. The new director is a non-management director whose compensation will be following the Company's definitive proxy statement filed on March 24, 2026. National Energy Services Reunited Corp. provides energy services to the oil and gas industry.