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$20.38+4.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(In US$ thousands, except share data and per share amounts)
| For the three-month period ended | ||
|---|---|---|
| Description | March 31, 2026 | March 31, 2025 |
| Revenues | $404,586 | $303,102 |
| Cost of services | (352,755) | (265,647) |
| Gross profit | 51,831 | 37,455 |
| Selling, general, and administrative expenses (excluding Amortization) | (11,103) | (11,821) |
| Amortization | (4,693) | (4,693) |
| Operating income | 36,035 | 20,941 |
| Interest expense, net | (6,543) | (8,284) |
| Other income, net | 1,449 | 1,059 |
| Income before income tax | 30,941 | 13,716 |
| Income tax expense | (7,114) | (3,325) |
| Net income | $23,827 | $10,391 |
| Weighted average shares outstanding (Note 9): | ||
| Basic | 100,803,435 | 96,139,181 |
| Diluted | 102,931,550 | 96,710,484 |
| Earnings per share (Note 9): | ||
| Basic | $0.24 | $0.11 |
| Diluted | $0.23 | $0.11 |
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