National Energy Services Reunited Corp.
For the period ended Sep 30, 2026. Filed Nov 9, 2026.
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Sep 30, 2026 · Filed Nov 9, 2026
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5. PROPERTY, PLANT, AND EQUIPMENT, NET
- PROPERTY, PLANT, AND 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):
| As of | |||
|---|---|---|---|
| Estimated Useful Lives (in years) | September 30, 2026 | December 31, 2025 | |
| Buildings and leasehold improvements | 5 to 25 | $58,857 | $56,937 |
| Drilling rigs, plant and equipment | 1 to 15 | 932,315 | 818,147 |
| Office equipment (furniture and fixtures) and tools | 3 to 10 | 15,510 | 14,785 |
| Vehicles and cranes | 5 to 10 | 8,008 | 9,364 |
| Less: Accumulated depreciation | (567,229) | (522,072) | |
| Land | 11,664 | 11,664 | |
| Capital work in progress | 102,505 | 76,629 | |
| Total | $561,630 | $465,454 | |
The Company recorded depreciation expense of $33.2 million, $29.0 million, $94.0 million and $87.8 million for the three-month period ended September 30, 2026, the three-month period ended September 30, 2025, the nine-month period ended September 30, 2026, and the nine-month period ended September 30, 2025, respectively, within Cost of Services in the Condensed Consolidated Statements of Operations.
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