National Energy Services Reunited (NESR) Operating Expenses (2016 - 2026)
National Energy Services Reunited's (NESR) quarterly Operating Expenses came in at $12.0 million in Q2 2026, down 0.67% on a YoY basis from $12.1 million in Q2 2025, and up 8.24% quarter-over-quarter from $11.1 million in Q1 2026.
Analysis
National Energy Services Reunited (NESR) Operating Expenses (2016 - 2026) Analysis & Trends
National Energy Services Reunited (NESR) has reported Operating Expenses for 10 consecutive years, with $12.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses fell 0.67% year-over-year to $12.0 million; the trailing twelve-month figure through Jun 2026 stood at $94.7 million (up 37228.24% YoY), and the FY2025 full-year result was $47.6 million, down 8.73% from the prior year.
- Operating Expenses advanced to $12.0 million in Q2 2026 per NESR's latest filing, from $11.1 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.
- Historically, Operating Expenses has averaged $2.5 million across 4 years, with a median of -$10.9 million in 2024.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses sank 42.44% in 2024, then soared 857.61% in 2025.
- Over 4 years, 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 85.45% to $12.0 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $12.0 million, $11.1 million, and $82.6 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 85.35 Bn | 82.46 Bn | 4.63 Bn | 324.00 Mn |
| 2 | Baker Hughes | 63.03 Bn | 47.48 Bn | 1.58 Bn | 723.00 Mn |
| 3 | Halliburton | 30.89 Bn | 28.89 Bn | 2.10 Bn | 4.94 Bn |
| 4 | Weatherford International | 6.88 Bn | 5.75 Bn | 662.00 Mn | 998.00 Mn |
| 5 | Kodiak Gas Services | 6.31 Bn | 6.18 Bn | 246.76 Mn | 266.88 Mn |
| 6 | Tidewater | 4.69 Bn | 4.07 Bn | 161.54 Mn | 279.76 Mn |
| 7 | USA Compression Partners | 3.95 Bn | 3.94 Bn | 217.36 Mn | 241.76 Mn |
| 8 | National Energy Services Reunited | 3.50 Bn | 3.32 Bn | 81.29 Mn | 12.02 Mn |
| 9 | Liberty Energy | 3.36 Bn | 2.80 Bn | 208.34 Mn | 1.18 Bn |
| 10 | Select Water Solutions | 2.55 Bn | 2.61 Bn | 76.84 Mn | 42.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.02 Mn |
| 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 |