National Energy Services Reunited Corp.
For the period ended Jun 30, 2026. Filed Aug 10, 2026.
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Jun 30, 2026 · Filed Aug 10, 2026
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5. PROPERTY, PLANT, & EQUIPMENT, NET
- PROPERTY, PLANT, & EQUIPMENT, NET
Property, plant and equipment, net of accumulated depreciation, of the Company consists of the following as of the period end dates set forth below (in US$ thousands):
| Estimated Useful · As of | |||
|---|---|---|---|
| Lives (in years) | June 30, 2026 | December 31, 2025 | |
| Buildings and leasehold improvements | 5 to 25 | $56,795 | $56,937 |
| Drilling rigs, plant and equipment | 1 to 15 | 897,380 | 818,147 |
| Office equipment (furniture and fixtures) and tools | 3 to 10 | 14,936 | 14,785 |
| Vehicles and cranes | 5 to 10 | 8,375 | 9,364 |
| Less: Accumulated depreciation | (538,904) | (522,072) | |
| Land | 11,664 | 11,664 | |
| Capital work in progress | 80,439 | 76,629 | |
| Total | $530,685 | $465,454 | |
The Company recorded depreciation expense of $31.7 million, $29.3 million, $60.8 million and $58.8 million for the three-month period ended June 30, 2026, the three-month period ended June 30, 2025, the six-month period ended June 30, 2026, and the six-month period ended June 30, 2025, respectively, within Cost of Services in the Condensed Consolidated Statements of Operations.
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