National Energy Services Reunited Corp.
For the period ended Sep 30, 2026. Filed Nov 9, 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.
Sep 30, 2026 · Filed Nov 9, 2026
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3. ACCOUNTS RECEIVABLE, NET
- ACCOUNTS RECEIVABLE, NET
The following table summarizes the accounts receivable of the Company as of the period end dates set forth below (in US$ thousands):
| As of | ||
|---|---|---|
| September 30, 2026 | December 31, 2025 | |
| Trade receivables | $278,865 | $191,792 |
| Less: allowance for credit losses | (16,206) | (13,772) |
| Total | $262,659 | $178,020 |
Trade receivables relate to the sale of services, for which credit is extended based on the Company’s evaluation of the customer’s creditworthiness. The movement in the allowance for credit losses is as follows (in US$ thousands):
| For the three-month period ended | For the nine-month period ended | |||
|---|---|---|---|---|
| September 30, 2026 | September 30, 2025 | September 30, 2026 | September 30, 2025 | |
| Allowance for credit losses at beginning of period | $(15,278) | $(13,908) | $(13,772) | $(15,206) |
| (Increase) decrease to allowance for the period | (1,161) | (1,476) | (2,945) | (694) |
| Write-off of credit losses | 233 | 848 | 511 | 1,364 |
| Reclassifications | - | (2,228) | - | (2,228) |
| Allowance for credit losses at end of period | $(16,206) | $(16,764) | $(16,206) | $(16,764) |
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