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| 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 |