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National Energy Services Reunited Corp.

For the period ended Mar 31, 2026. Filed May 11, 2026.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 11, 2026

NESR$19.96+4.0%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

(Mark one)

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31,2026

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from__________ to__________

Commission File Number:001-38091

NATIONAL ENERGY SERVICES REUNITED CORP.

(Exact name of registrant as specified in its charter)

British Virgin Islands82-4881231
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
777 Post Oak Blvd., Suite 730, Houston, Texas77056
(Address of principal executive offices)(Zip Code)

+1 (832) 925-3777

Registrant’s telephone number, including area code

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Ordinary shares, no par value per shareNESRThe Nasdaq Capital Market

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐Accelerated filer ☒
Non-accelerated filer ☐Smaller reporting company ☐
Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ☐ No☒

As of March 31, 2026, the registrant had 100,847,255 ordinary shares outstanding.

NATIONAL ENERGY SERVICES REUNITED CORP.

FORM 10-Q

TABLE OF CONTENTS

PART I – FINANCIAL INFORMATION3
ITEM 1. FINANCIAL STATEMENTS3
CONSOLIDATED BALANCE SHEETS (UNAUDITED)3
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)4
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)5
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (UNAUDITED)6
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)7
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)8
1. BASIS OF PRESENTATION8
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES8
3. ACCOUNTS RECEIVABLE, NET10
4. SERVICE INVENTORIES10
5. PROPERTY, PLANT, & EQUIPMENT11
6. DEBT11
7. INCOME TAXES13
8. COMMITMENTS AND CONTINGENCIES13
9. EARNINGS PER SHARE14
10. REPORTABLE SEGMENTS15
ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS18
EXECUTIVE OVERVIEW18
RESULTS OF OPERATIONS19
LIQUIDITY AND CAPITAL RESOURCES21
CRITICAL ACCOUNTING POLICIES AND ESTIMATES24
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS24
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK25
ITEM 4. CONTROLS AND PROCEDURES25
PART II - OTHER INFORMATION26
ITEM 1. LEGAL PROCEEDINGS26
ITEM 1A. RISK FACTORS26
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS26
ITEM 3. DEFAULTS UPON SENIOR SECURITIES26
ITEM 4. MINE SAFETY DISCLOSURES26
ITEM 5. OTHER INFORMATION26
ITEM 6. EXHIBITS26
SIGNATURES27
Exhibit 31.1
Exhibit 31.2
Exhibit 32.1
Exhibit 32.2
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.