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Midas Edge

National Energy Services Reunited Corp.

For the period ended Jun 30, 2026. Filed Aug 10, 2026.

View on SEC.gov

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.

Jun 30, 2026 · Filed Aug 10, 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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Contents

9. EARNINGS PER SHARE

The following tables provide a reconciliation of the data used in the calculation of basic and diluted ordinary shares outstanding 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.

DateTransaction DetailChange in SharesThree-month period ended June 30, 2026, Weighted Average Ordinary Shares Outstanding
April 1, 2026Beginning Balance100,847,255
April, 10, 2026Equity-classified Restricted Stock Issuance3,0002,671
May 20, 2026Equity-classified Restricted Stock Issuance1,499675
June 30, 2026Ending Balance100,850,601
DateTransaction DetailChange in SharesThree-month period ended June 30, 2025, Weighted Average Ordinary Shares Outstanding
April 1, 2025Beginning Balance96,352,966
April 22, 2025Settlement of liability-classified share-based compensation100,00175,825
June 30, 2025Ending Balance96,428,791
DateTransaction DetailChange in SharesSix-month period ended June 30, 2026, Weighted Average Ordinary Shares Outstanding
January 1, 2026Beginning Balance100,787,173
January 15, 2026Equity-classified Restricted Stock Issuance833764
January 30, 2026Equity-classified Restricted Stock Issuance7,3326,116
February 25, 2026Equity-classified Restricted Stock Issuance1,6661,151
March 13, 2026Equity-classified Restricted Stock Issuance25030,110
March 13, 2026Settlement of liability-classified share-based compensation50,001151
April, 10, 2026Equity-classified Restricted Stock Issuance3,0001,343
May 20, 2026Equity-classified Restricted Stock Issuance1,499340
June 30, 2026Ending Balance100,827,148
DateTransaction DetailChange in SharesSix-month period ended June 30, 2025, Weighted Average Ordinary Shares Outstanding
January 1, 2025Beginning Balance96,045,856
January 6, 2025Settlement of liability-classified share-based compensation61,35359,319
February 17, 2025Equity-classified Restricted Stock Issuance666489
February 27, 2025Equity-classified Restricted Stock Issuance1,000680
March 17, 2025Equity-classified Restricted Stock Issuance12,4307,211
March 18, 2025Equity-classified Restricted Stock Issuance231,661133,109
April 22, 2025Settlement of liability-classified share-based compensation100,00138,122
June 30, 2025Ending Balance96,284,786

The following tables provide the computation of basic and diluted earnings per share (“EPS”) 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 (in US$ thousands, except share data and per share amounts):

For the three-month period ended
June 30, 2026June 30, 2025
Net income to Ordinary ShareholdersWeighted-average ordinary shares outstandingEPSNet income to Ordinary ShareholdersWeighted-average ordinary shares outstandingEPS
Basic EPS - ordinary shares$44,017100,850,601$0.44$15,20196,428,791$0.16
Restricted stock units-2,367,809----
Antidilution sequencing - subtotal44,017103,218,4100.4315,20196,428,7910.16
35,540,380 warrants @ $5.75 per half share------
May 30, 2025, tender offer to exchange 35,540,380 warrants at a maximum of 0.10 ordinary shares per warrant----1,210,716-
Diluted EPS - ordinary shares$44,017103,218,410$0.43$15,20197,639,507$0.16
For the six-month period ended
June 30, 2026June 30, 2025
Net income to Ordinary ShareholdersWeighted-average ordinary shares outstandingEPSNet income to Ordinary ShareholdersWeighted-average ordinary shares outstandingEPS
Basic EPS - ordinary shares$67,844100,827,148$0.67$25,59296,284,786$0.27
Restricted stock units-2,257,430--258,726-
Antidilution sequencing - subtotal67,844103,084,5780.6625,59296,543,5120.27
35,540,380 warrants @ $5.75 per half share------
May 30, 2025, tender offer to exchange 35,540,380 warrants at a maximum of 0.10 ordinary shares per warrant----608,703-
Diluted EPS - ordinary shares$67,844103,084,578$0.66$25,59297,152,215$0.26

Prior to the announcement of the warrant exchange offer on May 30, 2025, potentially dilutive warrants had no impact on the determination of dilutive earnings per share as these potential ordinary shares were antidilutive for the three-month and six-month periods ended June 30, 2025.

In addition to the warrants, the Company excluded 696,309,2,364,667,787,234 and 1,959,634 weighted-average restricted stock units from dilutive ordinary shares 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, as they were assumed to be repurchased due to the impact of unrecognized share-based compensation cost.

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.