National Energy Services Reunited (NESR) Cash from Operations (2017 - 2026)
National Energy Services Reunited (NESR) recorded Cash from Operations of $174.01 million in Q2 2026, up 76.7% from $98.49 million a year earlier and up 466.0% from the prior quarter.
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Analysis
National Energy Services Reunited (NESR) Cash from Operations (2017 - 2026) Analysis & Trends
On a TTM basis, National Energy Services Reunited's Cash from Operations came in at $350.03 million as of Jun 30, 2026, up 48.3% year-over-year; for FY2025, it came in at $264.24 million, up 15.2% from FY2024.
- Annual Cash from Operations has increased for three straight years, with a five-year compound annual growth rate of 14.5% (FY2020 to FY2025).
- Across earlier years, Cash from Operations came in at $229.33 million in FY2024 (+29.6%), $176.96 million in FY2023 (+91.1%), $92.58 million in FY2022 (-27.5%) and $127.74 million in FY2021 (-5.0%).
- The Q2 2026 figure is the highest quarterly Cash from Operations in data going back to Q1 2017.
- On a year-over-year basis, Cash from Operations has increased for three consecutive quarters, with growth averaging 40.9% over the last eight quarters.
- Peak year-over-year performance for Cash from Operations in the last five years was growth of 199.6% in Q4 2025, against a decline of 90.6% in Q3 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $30.75 million (Q1 2026), $138.59 million (Q4 2025) and $6.68 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 72.31 Bn | 69.42 Bn | 1.40 Bn | 1.36 Bn |
| 2 | Baker Hughes | 54.50 Bn | 17.77 Bn | 1.58 Bn | 1.35 Bn |
| 3 | TechnipFMC | 26.69 Bn | 22.84 Bn | 684.70 Mn | 548.00 Mn |
| 4 | Halliburton | 26.49 Bn | 18.25 Bn | 804.00 Mn | 824.00 Mn |
| 5 | Nov | 6.70 Bn | 1.49 Bn | 521.00 Mn | 17.00 Mn |
| 6 | Noble | 6.66 Bn | 4.59 Bn | 239.27 Mn | 144.16 Mn |
| 7 | Transocean | 5.85 Bn | 3.56 Bn | 358.00 Mn | 236.00 Mn |
| 8 | Weatherford International | 5.65 Bn | 1.58 Bn | 333.00 Mn | 175.00 Mn |
| 9 | Valaris | 5.44 Bn | 3.06 Bn | 123.70 Mn | 13.10 Mn |
| 10 | National Energy Services Reunited | 2.57 Bn | 2.11 Bn | 81.29 Mn | 174.01 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 174.01 Mn |
| Mar 31, 2026 | 30.75 Mn |
| Dec 31, 2025 | 138.59 Mn |
| Sep 30, 2025 | 6.68 Mn |
| Jun 30, 2025 | 98.49 Mn |
| Mar 31, 2025 | 20.49 Mn |
| Dec 31, 2024 | 46.26 Mn |
| Sep 30, 2024 | 70.79 Mn |
| Jun 30, 2024 | 42.66 Mn |
| Mar 31, 2024 | 69.62 Mn |
| Dec 31, 2023 | 36.52 Mn |
| Sep 30, 2023 | 68.02 Mn |
| Dec 31, 2021 | 12.97 Mn |
| Sep 30, 2021 | 35.30 Mn |
| Jun 30, 2021 | 32.99 Mn |
| Mar 31, 2021 | 46.48 Mn |
| Dec 31, 2020 | 48.40 Mn |
| Sep 30, 2020 | 33.46 Mn |
| Jun 30, 2020 | 42.65 Mn |
| Mar 31, 2020 | 9.95 Mn |
API Access
National Energy Services Reunited Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations&ticker=NESR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "ticker": "NESR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations&ticker=NESR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();