Filing Flows › National Energy Services Reunited (NESR) › Q3 2026
National Energy Services Reunited (NESR) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 9, 2026
National Energy Services Reunited (NESR) reported revenue of $505M for the third quarter 2026 (Q3 2026), +71% from a year earlier and -3% from the quarter before. Operating margin was 10.4%, net earnings $34.3M (6.8% of revenue).
National Energy Services Reunited, Q3 2026: revenue $505M (+71% year over year), operating margin 10.4%, net earnings $34.3M, operating cash flow −$3.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $505M | -3% | +71% |
| Gross profit | $69.0M | -15% | +95% |
| Operating profit | $52.5M | -19% | +168% |
| Net earnings | $34.3M | -22% | +94% |
| Operating cash flow | −$3.2M | -102% | — |
What changed
Revenue was $504.7M in Q3 2026, up 71% year over year and down 3% from the previous quarter. Production Services was the largest line at 62% of revenue. Production Services added $138.5M year over year (up 79%), 66% of the total change.
Gross margin was 13.7%, up 1.7 points from a year earlier. Operating profit was $52.5M, a 10.4% margin (up 3.8 points year over year). Of the extra revenue versus a year earlier, 16% reached operating profit, above the 7% margin then. Operating expenses grew 4% against revenue growth of 71%. The fastest-growing cost line was SG&A (+14%). Net earnings were $34.3M, up 94% year over year. The effective tax rate was 20.2%.
Operating cash flow was −$3.2M. Non-cash charges added back $37.1M of depreciation and amortization and $3.7M of share-based compensation. Working capital and other items used $78.4M. Capital expenditures of $42.7M exceeded it, leaving free cash flow of −$45.9M.
Questions
What was National Energy Services Reunited's revenue in the third quarter 2026?
National Energy Services Reunited (NESR) reported revenue of $505M for the third quarter 2026 (Q3 2026), +71% from a year earlier and -3% from the quarter before.
Was National Energy Services Reunited profitable in the third quarter 2026?
Operating profit was $52.5M (10.4% of revenue) and net earnings $34.3M.
Source: National Energy Services Reunited 10-Q on SEC EDGAR.