Filing Flows › National Energy Services Reunited (NESR) › Q2 2026
National Energy Services Reunited (NESR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 10, 2026
National Energy Services Reunited (NESR) reported revenue of $521M for the second quarter 2026 (Q2 2026), +59% from a year earlier and +29% from the quarter before. Operating margin was 12.5%, net earnings $44.0M (8.5% of revenue).
National Energy Services Reunited, Q2 2026: revenue $521M (+59% year over year), operating margin 12.5%, net earnings $44.0M, operating cash flow $174M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $521M | +29% | +59% |
| Gross profit | $81.3M | +57% | +85% |
| Operating profit | $64.8M | +80% | +139% |
| Net earnings | $44.0M | +85% | +190% |
| Operating cash flow | $174M | +466% | +77% |
| Free cash flow | $99.9M | — | +45% |
What changed
Revenue was $520.8M in Q2 2026, up 59% year over year and up 29% from the previous quarter. Production Services was the largest line at 63% of revenue. Production Services added $124.7M year over year (up 61%), 64% of the total change.
Gross margin was 15.6%, up 2.2 points from a year earlier. Operating profit was $64.8M, a 12.5% margin (up 4.2 points year over year). Of the extra revenue versus a year earlier, 20% reached operating profit, above the 8% margin then. Operating expenses fell 2% while revenue rose 59%. Net earnings were $44.0M, up 190% year over year. The effective tax rate was 25.3%.
Operating cash flow was $174.0M (up 77% year over year), 395% of net earnings. Non-cash charges added back $36.1M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items added $91.2M. After capital expenditures ($74.1M), free cash flow as the company reports it was $99.9M.
Questions
What was National Energy Services Reunited's revenue in the second quarter 2026?
National Energy Services Reunited (NESR) reported revenue of $521M for the second quarter 2026 (Q2 2026), +59% from a year earlier and +29% from the quarter before.
Was National Energy Services Reunited profitable in the second quarter 2026?
Operating profit was $64.8M (12.5% of revenue) and net earnings $44.0M.
Source: National Energy Services Reunited 10-Q on SEC EDGAR.