National Energy Services Reunited (NESR) Operating Expenses (2016 - 2026)

National Energy Services Reunited (NESR) reported Operating Expenses of $11.1 million for Q1 2026, down 6.07% on a YoY basis from $11.8 million in Q1 2025, and down 86.56% quarter-over-quarter from $82.6 million in Q4 2025.

National Energy Services Reunited (NESR) Operating Expenses (2016 - 2026) Analysis & Trends

National Energy Services Reunited has reported Operating Expenses for 10 years, with the latest figure at $11.1 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses fell 6.07% year-over-year to $11.1 million; the trailing twelve-month figure through Mar 2026 stood at $70.6 million (up 364.44% YoY), and the FY2025 full-year result was $47.6 million, down 8.73% from the prior year.
  • Operating Expenses for Q1 2026 stood at $11.1 million, down from $82.6 million in the prior quarter.
  • The five-year high for Operating Expenses was $82.6 million in Q4 2025, with the low at -$14.3 million in Q2 2024.
  • Historically, Operating Expenses has averaged -$360333.3 across 4 years, with a median of -$11.6 million in 2025.
  • Annual changes were most pronounced in 2024 — Operating Expenses plunged 42.44% — and 2025, when it surged 857.61%.
  • National Energy Services Reunited's Operating Expenses stood at -$12.2 million in 2023, then rose by 10.31% to -$10.9 million in 2024, then surged by 857.61% to $82.6 million in 2025, then sank by 86.56% to $11.1 million in 2026.
  • The last three Operating Expenses figures came in at $11.1 million (Q1 2026), $82.6 million (Q4 2025), and -$11.1 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Slb 82.25 Bn 80.04 Bn 4.67 Bn 261.00 Mn
2 Baker Hughes 61.96 Bn 47.38 Bn 1.51 Bn 732.00 Mn
3 Halliburton 32.79 Bn 30.84 Bn 2.04 Bn 4.72 Bn
4 TechnipFMC 26.73 Bn 25.47 Bn 1.49 Bn 2.14 Bn
5 Enerflex 8.62 Bn 8.57 Bn - -76.01 Mn
6 Nov 7.27 Bn 5.98 Bn 119.00 Mn 9.00 Mn
7 Weatherford International 6.99 Bn 5.94 Bn 876.00 Mn 1.03 Bn
8 Archrock 5.95 Bn 5.95 Bn 247.42 Mn 45.83 Mn
9 Kodiak Gas Services 5.60 Bn 5.50 Bn 222.88 Mn 238.95 Mn
10 National Energy Services Reunited 2.41 Bn 2.31 Bn 51.83 Mn 11.10 Mn

Historic Data

Download Data
DateValue
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