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
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