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Midas Edge

National Energy Services Reunited Corp.

For the period ended Sep 30, 2026. Filed Nov 9, 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.

Sep 30, 2026 · Filed Nov 9, 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

  1. 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 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.

DateTransaction DetailChange in SharesThree-month period ended September 30, 2026, Weighted Average Ordinary Shares Outstanding
July 1, 2026Beginning Balance100,851,754
July 13, 2026Equity-classified Restricted Stock Issuance333286
August 11, 2026Equity-classified Restricted Stock Issuance500272
August 14, 2026Equity-classified Restricted Stock Issuance1,245,091636,078
August 17, 2026Equity-classified Restricted Stock Issuance666319
August 27, 2026Equity-classified Restricted Stock Issuance2,165800
September 11, 2026Equity-classified Restricted Stock Issuance33369
September 25, 2026Equity-classified Restricted Stock Issuance22,3331,214
September 30, 2026Ending Balance101,490,792
DateTransaction DetailChange in SharesThree-month period ended September 30, 2025, Weighted Average Ordinary Shares Outstanding
July 1, 2025Beginning Balance96,452,967
July 1, 2025Warrant exchange3,543,5713,505,054
August 14, 2025Equity-classified Restricted Stock Issuance777,245397,071
September 5, 2025Equity-classified Restricted Stock Issuance1,977537
September 12, 2025Equity-classified Restricted Stock Issuance1,999391
September 30, 2025Ending Balance100,356,020
DateTransaction DetailChange in SharesNine-month period ended September 30, 2026, Weighted Average Ordinary Shares Outstanding
January 1, 2026Beginning Balance100,787,173
January 15, 2026Equity-classified Restricted Stock Issuance833787
January 30, 2026Equity-classified Restricted Stock Issuance7,3326,526
February 25, 2026Equity-classified Restricted Stock Issuance1,6661,324
March 13, 2026Equity-classified Restricted Stock Issuance25036,814
March 13, 2026Settlement of liability-classified share-based compensation50,001184
April, 10, 2026Equity-classified Restricted Stock Issuance3,0001,901
May 20, 2026Equity-classified Restricted Stock Issuance1,499730
July 13, 2026Equity-classified Restricted Stock Issuance33396
August 11, 2026Equity-classified Restricted Stock Issuance50092
August 14, 2026Equity-classified Restricted Stock Issuance1,245,091214,358
August 17, 2026Equity-classified Restricted Stock Issuance666107
August 27, 2026Equity-classified Restricted Stock Issuance2,165270
September 11, 2026Equity-classified Restricted Stock Issuance33323
September 25, 2026Equity-classified Restricted Stock Issuance22,333409
September 30, 2026Ending Balance101,050,794
DateTransaction DetailChange in SharesNine-month period ended September 30, 2025, Weighted Average Ordinary Shares Outstanding
January 1, 2025Beginning Balance96,045,856
January 6, 2025Settlement of liability-classified share-based compensation61,35360,005
February 17, 2025Equity-classified Restricted Stock Issuance666549
February 27, 2025Equity-classified Restricted Stock Issuance1,000788
March 17, 2025Equity-classified Restricted Stock Issuance12,4308,970
March 18, 2025Equity-classified Restricted Stock Issuance231,661166,321
April 22, 2025Settlement of liability-classified share-based compensation100,00158,975
July 1, 2025Warrant exchange3,543,5711,181,190
August 14, 2025Equity-classified Restricted Stock Issuance777,245133,811
September 5, 2025Equity-classified Restricted Stock Issuance1,977181
September 12, 2025Equity-classified Restricted Stock Issuance1,999131
September 30, 2025Ending Balance97,656,777

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

For the three-month period ended
September 30, 2026September 30, 2025
Net income to Ordinary ShareholdersWeighted- average ordinary shares outstandingEPSNet income to Ordinary ShareholdersWeighted- average ordinary shares outstandingEPS
Basic EPS - ordinary shares$34,328101,490,792$0.34$17,737100,356,020$0.18
Restricted stock units-1,894,834--368,270-
Antidilution sequencing - subtotal34,328103,385,6260.3317,737100,724,2900.18
35,540,380 warrants @ $5.75 per half share------
Diluted EPS - ordinary shares$34,328103,385,626$0.33$17,737100,724,290$0.18
For the nine-month period ended
September 30, 2026September 30, 2025
Net income to Ordinary ShareholdersWeighted- average ordinary shares outstandingEPSNet income to Ordinary ShareholdersWeighted- average ordinary shares outstandingEPS
Basic EPS - ordinary shares$102,172101,050,794$1.01$43,32997,656,777$0.44
Restricted stock units-2,142,967--294,401-
Antidilution sequencing - subtotal102,172103,193,7610.9943,32997,951,1780.44
35,540,380 warrants @ $5.75 per half share------
Diluted EPS - ordinary shares$102,172103,193,761$0.99$43,32997,951,178$0.44

The Company excluded 792,574,2,359,397,790,143 and 2,267,131 weighted-average restricted stock units from dilutive ordinary shares 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, as they were assumed to be repurchased due to the impact of unrecognized share-based compensation cost.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.