National Energy Services Reunited Corp. (NASDAQ: NESR)

National Energy Services Reunited Corp. is a provider of upstream and midstream oilfield services in the Middle East and North Africa region. The company was formed in 2017 and has grown through acquisitions to become one of the largest oilfield service providers in the MENA area. Its core activities include delivering production and drilling services to oil and natural gas companies operating in the region.

The company generates revenue by offering a wide range of production services such as hydraulic fracturing, coiled tubing, stimulation and pumping, cementing, nitrogen filtration, pipelines and industrial services, production assurance, artificial lift, completions, and integrated production management. It also provides drilling and evaluation services including rig operations, fishing and downhole tools, thru tubing intervention, tubular running services, directional drilling, drilling and completion fluids, pressure control, well testing, wireline logging, and slickline services. These services are sold primarily to national oil companies, large integrated oil companies, and independent operators under long term or spot contracts. For the year ended December 31, 2025, total revenue amounted to $1,324,047,000.

The company operates through the following segments:

• Production Services: This segment provides hydraulic fracturing, coiled tubing, stimulation and pumping, cementing, nitrogen filtration, pipelines and industrial services, production assurance, artificial lift, completions, integrated production management, and emerging environmental and decarbonization solutions such as water recovery, mineral extraction, emissions monitoring, flare abatement, and energy capture initiatives.

• Drilling and Evaluation Services: This segment provides rig and integrated services, fishing and downhole tools, thru tubing intervention, tubular running services, directional drilling, drilling and completion fluids, pressure control, well testing, wireline logging, slickline services, and advanced technologies including the Roya™ platform which comprises RoyaStream™ measurement while drilling, RoyaSeek™ logging while drilling, and RoyaSteer™ rotary steerable.

National Energy Services Reunited Corp. ranks among the largest oilfield service providers in the Middle East and North Africa competing with multinational corporations such as Schlumberger, Halliburton, and Baker Hughes as well as numerous local service providers. The company differentiates itself through a strong focus on safety, operational reliability, technological innovation, and a broad portfolio of services that spans the well lifecycle. Its strategic investments in technology partnerships and its integrated approach to project execution enable it to meet demanding customer requirements across the region.

The company serves national oil companies, large integrated oil companies, and independent operators throughout the Middle East and North Africa. Its customer base includes major state owned enterprises, and international oil firms that rely on NESR for both short term well interventions and long term production management projects.