National Energy Services Reunited Corp.
For the period ended Mar 31, 2026. Filed May 11, 2026.
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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$19.55-2.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(In US$ thousands, except share data)
| Description | March 31, 2026 | December 31, 2025 |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $92,956 | 124,797 |
| Accounts receivable, net (Note 3) | 227,932 | 178,020 |
| Unbilled revenue | 171,341 | 121,186 |
| Service inventories (Note 4) | 96,206 | 94,834 |
| Prepaid assets | 9,706 | 13,237 |
| Retention withholdings | 26,214 | 33,125 |
| Other receivables | 54,753 | 54,511 |
| Other current assets | 10,513 | 10,664 |
| Total current assets | 689,621 | 630,374 |
| Non-current assets | ||
| Property, plant and equipment, net (Note 5) | 476,154 | 465,454 |
| Intangible assets, net | 42,434 | 47,086 |
| Goodwill | 645,095 | 645,095 |
| Operating lease right-of-use assets | 25,977 | 20,300 |
| Other assets | 44,649 | 43,210 |
| Total assets | $1,923,930 | $1,851,519 |
| Liabilities and equity | ||
| Liabilities | ||
| Accounts payable and accrued expenses | 483,048 | 421,064 |
| Current installments of long-term debt (Note 6) | 64,500 | 64,500 |
| Short-term borrowings (Note 6) | 47,353 | 54,250 |
| Income taxes payable (Note 7) | 30,843 | 25,092 |
| Other taxes payable | 15,152 | 12,351 |
| Operating lease liabilities | 1,984 | 2,948 |
| Other current liabilities | 17,408 | 24,715 |
| Total current liabilities | 660,288 | 604,920 |
| Long-term debt (Note 6) | 175,542 | 191,378 |
| Deferred tax liabilities | 918 | 1,691 |
| Employee benefit liabilities | 36,971 | 36,321 |
| Non-current operating lease liabilities | 22,683 | 18,447 |
| Other liabilities | 32,319 | 30,846 |
| Total liabilities | 928,721 | 883,603 |
| Commitments and contingencies (Note 8) | - | - |
| Equity | ||
| Preferred shares, no par value; unlimited shares authorized; none issued and outstanding at March 31, 2026, and December 31, 2025, respectively | - | - |
| Ordinary shares and additional paid-in capital, no par value; unlimited shares authorized; 100,847,255 and 100,787,173 shares issued and outstanding at March 31, 2026, and December 31, 2025, respectively | 906,311 | 902,845 |
| Retained income | 88,829 | 65,002 |
| Accumulated other comprehensive income | 69 | 69 |
| Total equity | 995,209 | 967,916 |
| Total liabilities and equity | $1,923,930 | $1,851,519 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.