National Energy Services Reunited Corp. Warrant (NESRW)
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NESR Announces Participation in Upcoming Investor Conferences & Events
HOUSTON, TX / ACCESSWIRE / December 3, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") (Nasdaq:NESR)(Nasdaq:NESRW) an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that the senior management team will participate in the following upcoming investor conferences and events. TD Cowen Non-Deal Roadshow (NDR) on 4 December - New York City - NESR management will attend 1x1 and group meetings with analysts & investors in New York City; Benchmark Company Non-Deal Roadshow (NDR) on 5-6 December - Mid-Atlantic - NESR management will attend 1x1 and group meetings with analysts & investors in Philadelphia & Baltimore; Capital One Securities Energy Conference on 10 December - Houston, Texas - NESR management will host 1x1 meetings with investors, NESR CFO will participate on a sector panel; Goldman Sachs Energy, CleanTech & Utilities Conference on 7-8 January 2025 - Miami, Florida - NESR management will host 1x1 meetings with investors, NESR CEO will participate on a Middle East-themed panel on Wed, January 8th; Saudi In-Kingdom Total Value Add (IKTVA) Forum & Exhibition on 13-16 January 2025 - Dhahran, Saudi Arabia - NESR team will showcase the Company's achievements in Saudi localization, investment and value-added research & partnerships; Libya Energy & Economic Summit on 18-19 January 2025 - Tripoli, Libya - NESR management will engage with customers and technology partners, and NESR CEO will participate on a panel on Libya's plans to boost activity & production; Egypt Energy Show (EGYPES) on 17-19 February 2025 - Cairo, Egypt - NESR team will feature recent milestones in new technology development, including the Company's Roya drilling platform and NEDA ecosystem of solutions.
National Energy Services Reunited Corp. Reports Third Quarter Financial Results
Revenue for the quarter ended September 30, 2024, is $336.2 million, growing 12.0% year-over-year and 3.5% on a sequential quarter basis Net income for the quarter ended September 30, 2024, is $20.6 million, growing 40.0% year-over-year and 9.2% on a sequential quarter basis Adjusted EBITDA (a non-GAAP measure)* for the quarter ended September 30, 2024 is $80.0 million, growing 12.9% year-over-year and 1.8% on a sequential quarter basis Diluted Earnings per Share (EPS) for the quarter ended September 30, 2024, is $0.22, growing 37.5% year-over-year and 10.0% on a sequential quarter basis Operating cash flow for the nine months ended September 30, 2024, is $183.1 million, improving 30.4% year-over-year Free cash flow (a non-GAAP measure)* for the nine months ended September 30, 2024, is $103.0 million, improving 38.1% year-over-year HOUSTON, TX / ACCESSWIRE / November 19, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today reported its financial results as of and for the three- and nine-month periods ended September 30, 2024. The Company posted the following results for the periods presented: Three Months Ended Variance (in thousands except per share amounts and percentages) September 30, 2024 June 30, 2024 September 30, 2023 Sequential Year-over-year Revenue $ 336,205 $ 324,969 $ 300,084 3.5 % 12.0 % Net income 20,618 18,873 14,731 9.2 % 40.0 % Adjusted net income (non-GAAP)* 28,912 27,356 19,797 5.7 % 46.0 % Adjusted EBITDA (non-GAAP)* 80,035 78,655 70,885 1.8 % 12.9 % Diluted EPS 0.22 0.20 0.16 10.0 % 37.5 % Adjusted Diluted EPS (non-GAAP)* 0.31 0.29 0.21 6.9 % 47.6 % *The Company presents its financial results in accordance with generally accepted accounting principles in the United States of America ("GAAP").
NESR Successfully Deploys ROYA Platform & Secures Drilling Awards Exceeding $200 Million
ABU DHABI, UAE / ACCESSWIRE / November 3, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:NESR)(NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that the Company completed its first ROYA drilling campaign successfully in Kuwait. Additionally, the Company secured multiple directional drilling ("DD") awards across its core countries, with a total value exceeding $200 million.
National Energy Services Reunited Corp. Warrant Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| NA Nizar Araji National Bank Of Canada /FI/ | 110,457 | $522 | $522 | - | - |
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National Energy Services Reunited Corp. Warrant Profile
| Energy Equipment & Services Industry | Energy Sector | Sherif Foda CEO | NASDAQ (CM) Exchange | G6375R115 CUSIP |
| US Country | 7,352 Employees | - Last Dividend | - Last Split | 12 May 2017 IPO Date |
Overview
National Energy Services Reunited Corp. is a company that specializes in providing comprehensive oilfield services to oil and gas companies across the globe, focusing primarily on regions in the Middle East, North Africa, and other international locations. Since its incorporation in 2017, the company has established its headquarters in Houston, Texas, and has grown to become a key player in the oil and gas services industry. National Energy Services Reunited Corp. offers a wide array of services designed to support the exploration, development, production, and management of oil and gas resources. Its services span two main segments: Production Services and Drilling and Evaluation Services, each targeting specific needs of the oil and gas production cycle.
Products and Services
Production Services:
- Hydraulic Fracturing Services: Offering comprehensive solutions for breaking rock formations to enhance oil and gas flow.
- Coiled Tubing Services: This includes nitrogen lifting, fishing, milling, clean-out, scale removal, and various well applications critical for well intervention operations.
- Stimulation and Pumping Services: Services designed to improve the productivity of oil and gas wells.
- Primary and Remedial Cementing Services: Essential for well integrity, including the placement of cement in the wellbore and repairing cement jobs.
- Nitrogen Services: Utilized for well stimulation, pressure testing, and various inert atmosphere applications.
- Filtration Services: Covering frac tanks and pumping units, essential for maintaining fluid quality during operations.
- Pipeline and Industrial Services: Including water filling, hydro testing, nitrogen purging, and pressure testing, vital for pipeline integrity and operation.
- Production Assurance Chemicals: Chemical solutions designed to optimize production and mitigate operational challenges.
- Integrated Project Management: Comprehensive management of oilfield projects from conception to completion.
- Artificial Lift Services: Technologies and services for enhancing the flow of hydrocarbons from wells.
- Surface and Subsurface Safety Systems: Ensuring the safe operation and control of oil and gas production facilities.
- Engineering, Manufacturing, and Testing Facilities: Supporting the development, manufacture, and testing of oilfield technologies and equipment.
- Water Sourcing and Treatment: Services for sourcing and treating water for use in oil and gas operations, as well as for municipal and industrial purposes.
Drilling and Evaluation Services:
- Drilling and Workover Rigs: Providing the necessary equipment for drilling and well maintenance operations.
- Rigs and Integrated Services: Comprehensive rig services that support drilling operations.
- Fishing and Remediation Solutions: Specialist services for recovering lost or stuck equipment from the wellbore and wellbore cleanup.
- Directional and Turbines Drilling: Advanced drilling techniques for precise well placement.
- Drilling Fluid Systems: Offering fluid solutions that ensure the operational integrity of the drilling process.
- Wireline Logging: Gathering detailed downhole data critical for evaluating the subsurface geology and reservoir properties.
- Slickline Services: Providing interventions for well maintenance and performance optimization, such as scale, wax, and sand removal.
- Well Testing Services: Measuring the production of solids, gas, oil, and water from wells to ascertain potential production rates.
- Drilling Tool Rentals: Offering a selection of tools essential for drilling operations on a rental basis.
- Thru-tubing Intervention: Services designed to enhance well productivity and extend well life without removing tubing.
- Tubular Running Services: Ensuring the safe and efficient handling and installation of tubular goods in the wellbore.
- Wellhead Products and Flow Control Equipment: Offering a range of products for controlling well pressure and flow during drilling and production.
