National Energy Services Reunited (NESR) Operating Expenses (2016 - 2026)
National Energy Services Reunited (NESR) posted Operating Expenses of $11.1 million for Q1 2026, down 86.56% on a QoQ basis from $82.6 million in Q4 2025, and down 6.07% year-over-year from $11.8 million in Q1 2025.
National Energy Services Reunited (NESR) Operating Expenses (2016 - 2026) Analysis & Trends
National Energy Services Reunited's Operating Expenses history runs 10 years deep, the most recent figure standing at $11.1 million for Q1 2026.
- Quarterly Operating Expenses fell 6.07% year-over-year to $11.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $70.6 million (up 364.44% YoY) and the FY2025 annual result came in at $47.6 million, down 8.73% from the prior year.
- Operating Expenses was $11.1 million for Q1 2026 at National Energy Services Reunited, down from $82.6 million in the prior quarter.
- Across five years, Operating Expenses topped out at $82.6 million in Q4 2025 and bottomed at -$14.3 million in Q2 2024.
- A 4-year average of -$360333.3 and a median of -$11.6 million in 2025 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2024 — Operating Expenses tumbled 42.44% — and 2025, when it surged 857.61%.
- National Energy Services Reunited's Operating Expenses stood at -$12.2 million in 2023, then advanced by 10.31% to -$10.9 million in 2024, then jumped by 857.61% to $82.6 million in 2025, then tumbled by 86.56% to $11.1 million in 2026.
- Business Quant data shows NESR's Operating Expenses at $11.1 million in Q1 2026, $82.6 million in Q4 2025, and -$11.1 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 78.08 Bn | 74.69 Bn | 5.38 Bn | 261.00 Mn |
| 2 | Tenaris | 58.18 Bn | 46.31 Bn | 1.05 Bn | -466.59 Mn |
| 3 | TechnipFMC | 30.64 Bn | 29.36 Bn | 1.64 Bn | 2.14 Bn |
| 4 | Halliburton | 27.87 Bn | 25.86 Bn | 2.04 Bn | 4.72 Bn |
| 5 | Nov | 7.48 Bn | 6.14 Bn | 379.00 Mn | 9.00 Mn |
| 6 | Weatherford International | 6.35 Bn | 5.21 Bn | 776.00 Mn | 998.00 Mn |
| 7 | Archrock | 6.34 Bn | 6.34 Bn | 247.42 Mn | 45.37 Mn |
| 8 | Oceaneering International | 5.28 Bn | 4.67 Bn | 127.27 Mn | 69.48 Mn |
| 9 | Kodiak Gas Services | 5.09 Bn | 4.99 Bn | 222.88 Mn | 238.95 Mn |
| 10 | National Energy Services Reunited | 2.78 Bn | 2.69 Bn | 51.83 Mn | 11.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 11.10 Mn |
| Dec 31, 2025 | 82.62 Mn |
| Sep 30, 2025 | -11.06 Mn |
| Jun 30, 2025 | -12.10 Mn |
| Mar 31, 2025 | 11.82 Mn |
| Dec 31, 2024 | -10.91 Mn |
| Sep 30, 2024 | -13.27 Mn |
| Jun 30, 2024 | -14.33 Mn |
| Mar 31, 2024 | -13.69 Mn |
| Dec 31, 2023 | -12.16 Mn |
| Sep 30, 2023 | -12.29 Mn |
| Jun 30, 2023 | -10.06 Mn |
| Dec 31, 2021 | 31.52 Mn |
| Sep 30, 2021 | -19.07 Mn |
| Jun 30, 2021 | -22.38 Mn |
| Mar 31, 2021 | -18.15 Mn |
| Dec 31, 2020 | -18.89 Mn |
| Sep 30, 2020 | -17.45 Mn |
| Jun 30, 2020 | -17.11 Mn |
| Mar 31, 2020 | -18.63 Mn |