National Energy Services Reunited (NESR) Operating Expenses (2016 - 2026)
National Energy Services Reunited's (NESR) quarterly Operating Expenses came in at $11.1 million in Q1 2026, down 6.07% YoY from $11.8 million in Q1 2025, and down 86.56% on a QoQ basis from $82.6 million in Q4 2025.
National Energy Services Reunited (NESR) Operating Expenses (2016 - 2026) Analysis & Trends
National Energy Services Reunited (NESR) has 10 years of Operating Expenses data on file, last reported at $11.1 million in 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 eased to $11.1 million in Q1 2026, from $82.6 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $82.6 million in Q4 2025 to a low of -$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 plunged 42.44% — and 2025, when it surged 857.61%.
- Tracing NESR's Operating Expenses over 4 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 79.95 Bn | 75.87 Bn | 4.63 Bn | 324.00 Mn |
| 2 | Baker Hughes | 62.26 Bn | 46.53 Bn | 1.58 Bn | 723.00 Mn |
| 3 | Tenaris | 53.14 Bn | 44.12 Bn | 984.66 | -484,107.00 Bn |
| 4 | TechnipFMC | 30.70 Bn | 29.46 Bn | 1.40 Bn | 2.28 Bn |
| 5 | Halliburton | 29.75 Bn | 27.71 Bn | 2.10 Bn | 4.94 Bn |
| 6 | Nov | 7.28 Bn | 6.12 Bn | 521.00 Mn | 1.04 Bn |
| 7 | Weatherford International | 6.57 Bn | 5.43 Bn | 662.00 Mn | 998.00 Mn |
| 8 | Kodiak Gas Services | 5.74 Bn | 5.61 Bn | 246.76 Mn | 266.88 Mn |
| 9 | Archrock | 5.62 Bn | 5.62 Bn | 244.51 Mn | 39.97 Mn |
| 10 | National Energy Services Reunited | 3.30 Bn | 3.12 Bn | 81.29 Mn | 12.02 Mn |
Historic Data
Download 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 |