NESR Reports Record Revenue Growth Driven by Saudi Gas Field Contracts

Key Facts

1NESR reported record Q2 revenue, up over 25% sequentially and nearly 60% year-over-year.

2The company secured a multi-billion, five-year hydraulic fracturing contract in Saudi Arabia's Jafurah gas field.

National Energy Services Reunited (NESR) reported record Q2 revenue, with growth exceeding 25% sequentially and nearly 60% year-over-year. Seeking Alpha reported that the performance was driven by increased activity in the Middle East, specifically within Saudi Arabia's unconventional gas sector.

The company secured a multi-billion, five-year hydraulic fracturing contract in Saudi Arabia's Jafurah gas field, providing long-term earnings visibility. NESR closed at $24.94 on October 1, 2026, having traded between a day low of $24.36 and a high of $25.62 during that session.