NESR Q3 Revenue Jumps 70.9% to $504.7M as Net Income Nears Double
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Houston – November 09, 2026 -- National Energy Services Reunited Corp. (NESR) reported third-quarter revenue of $504.7 million, up 70.9% year-over-year, and net income of $34.3 million, up 93.5%, for the quarter ended September 30, 2026.
Diluted earnings per share reached $0.33, up $0.15 from a year earlier. Adjusted EBITDA, a non-GAAP measure, rose 49.9% to $95.9 million. The Board declared a quarterly cash dividend of $0.10 per share.
Sequential results fall from record second quarter
Net income dropped $9.7 million from the second quarter, and Adjusted EBITDA declined 9.7%. Diluted EPS fell $0.10 sequentially. NESR attributed the net income change mainly to activity swings in its hydraulic fracturing, well testing and wireline logging service lines.