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NESR Q1 2025 Earnings Call Transcript
Image source: The Motley Fool.Need a quote from one of our analysts? Email pr@fool.comNational Energy Services Reunited (NASDAQ:NESR) reported a year-over-year revenue increase in Q1 2025, despite sequential declines influenced by regional seasonality and the full impact of Ramadan in Saudi Arabia. Management maintained guidance for sequential revenue and margin improvement in Q2 2025, driven by recent contract wins, cost actions, and technology deployments. Saudi activity is expected to remain soft for the remainder of 2025 due to a strategic reduction in conventional rig operations, while unconventional projects, particularly in gas, continue growing and underpin company resilience. Kuwait, supported by aggressive tendering and investment, is identified as the major growth driver for 2025 and 2026, with several billion dollars in contract opportunities underway as of 2025. Pilots in mineral recovery and produced water are positioned as long-term strategic differentiators, potentially opening new addressable markets and expanding customer engagement.Continue reading
Image source: The Motley Fool.
Need a quote from one of our analysts? Email pr@fool.com
National Energy Services Reunited (NASDAQ:NESR) reported a year-over-year revenue increase in Q1 2025, despite sequential declines influenced by regional seasonality and the full impact of Ramadan in Saudi Arabia. Management maintained guidance for sequential revenue and margin improvement in Q2 2025, driven by recent contract wins, cost actions, and technology deployments. Saudi activity is expected to remain soft for the remainder of 2025 due to a strategic reduction in conventional rig operations, while unconventional projects, particularly in gas, continue growing and underpin company resilience. Kuwait, supported by aggressive tendering and investment, is identified as the major growth driver for 2025 and 2026, with several billion dollars in contract opportunities underway as of 2025. Pilots in mineral recovery and produced water are positioned as long-term strategic differentiators, potentially opening new addressable markets and expanding customer engagement.
