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National Energy Services Reunited (NESR) Financials

National Energy Services Reunited logo
$6.02 +0.20 (+3.44%)
As of 04/17/2025 04:00 PM Eastern
This is a fair market value price provided by Polygon.io. Learn more.
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Annual Income Statements for National Energy Services Reunited

Annual Income Statements for National Energy Services Reunited

This table shows National Energy Services Reunited's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders		 39 17 -65 -36 13 76
Consolidated Net Income / (Loss)		 39 17 -65 -36 13 76
Net Income / (Loss) Continuing Operations		 39 17 -65 -36 13 76
Total Pre-Tax Income 		52 29 -61 -30 30 95
Total Revenue		 639 827 859 881 1,095 1,259
Net Interest Income / (Expense)		 -19 -16 -15 -34 -46 -40
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 19 16 15 34 46 40
Long-Term Debt Interest Expense		 19 16 15 34 46 40
Total Non-Interest Income		 658 843 875 915 1,141 1,299
Other Service Charges		 -0.41 9.14 -2.07 5.24 -5.03 -2.33
Other Non-Interest Income		 658 834 877 910 1,146 1,302
Total Non-Interest Expense		 587 799 920 910 1,065 1,164
Other Operating Expenses		 571 783 902 892 1,046 1,145
Amortization Expense		 16 16 18 19 19 19
Income Tax Expense		 13 13 3.99 6.62 17 19
Basic Earnings per Share		 $0.45 $0.19 ($0.71) ($0.39) $0.13 $0.80
Weighted Average Basic Shares Outstanding		 87.00M 88.85M 91.04M 92.96M 94.75M 95.47M
Diluted Earnings per Share		 $0.45 $0.18 ($0.71) ($0.39) $0.13 $0.80
Weighted Average Diluted Shares Outstanding		 87.00M 89.12M 91.04M 92.96M 94.75M 95.74M
Weighted Average Basic & Diluted Shares Outstanding		 87.19M 87.78M - 94.01M 95.00M 96.05M

Quarterly Income Statements for National Energy Services Reunited

No quarterly income statements for National Energy Services Reunited are available.

Annual Cash Flow Statements for National Energy Services Reunited

This table details how cash moves in and out of National Energy Services Reunited's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents		 0.00 1.81 131 -127 -11 40
Net Cash From Operating Activities		 0.00 134 128 93 177 229
Net Cash From Continuing Operating Activities		 0.00 134 128 93 177 229
Net Income / (Loss) Continuing Operations		 0.00 17 -65 -36 13 76
Consolidated Net Income / (Loss)		 - 17 -65 -36 13 76
Provision For Loan Losses		 - 0.26 1.11 8.19 0.41 8.84
Depreciation Expense		 - 121 122 116 142 143
Non-Cash Adjustments to Reconcile Net Income		 - 9.39 4.53 3.74 14 11
Changes in Operating Assets and Liabilities, net		 0.00 -12 65 1.23 7.71 -9.16
Net Cash From Investing Activities		 0.00 -96 -165 -147 -83 -111
Net Cash From Continuing Investing Activities		 0.00 -96 -165 -147 -83 -111
Purchase of Investment Securities		 - -14 -167 -147 -85 -114
Sale of Property, Leasehold Improvements and Equipment		 - 0.49 2.76 0.63 1.76 3.06
Net Cash From Financing Activities		 0.00 -36 168 -73 -105 -78
Net Cash From Continuing Financing Activities		 0.00 -36 168 -73 -105 -78
Issuance of Debt		 - 81 651 143 106 87
Repayment of Debt		 - -114 -460 -201 -195 -162
Other Financing Activities, Net		 0.00 -3.83 -23 -14 -16 -3.94
Effect of Exchange Rate Changes		 - 0.04 0.01 0.01 0.00 0.00
Cash Interest Paid		 - 13 9.89 19 34 38
Cash Income Taxes Paid		 - 16 13 11 15 13

Quarterly Cash Flow Statements for National Energy Services Reunited

No quarterly cash flow statements for National Energy Services Reunited are available.

Annual Balance Sheets for National Energy Services Reunited

This table presents National Energy Services Reunited's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2017 2018 2019 2020 2021 2022 2023 2024
Total Assets		 231 1,343 1,522 1,687 1,831 1,828 1,798 1,774
Cash and Due from Banks		 0.74 25 73 75 206 79 68 108
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 - 329 419 438 426 461 443 438
Goodwill		 - 571 575 621 645 645 645 645
Intangible Assets		 - 138 123 110 122 103 84 66
Other Assets		 0.13 281 332 443 433 540 558 517
Total Liabilities & Shareholders' Equity		 231 1,343 1,522 1,687 1,831 1,828 1,798 1,774
Total Liabilities		 12 512 636 743 1,010 1,026 976 865
Short-Term Debt		 - 160 133 255 99 158 144 164
Accrued Interest Payable		 - 39 69 74 0.00 6.26 7.41 5.45
Other Short-Term Payables		 3.47 24 26 30 332 380 382 334
Long-Term Debt		 - 225 331 309 509 392 332 254
Other Long-Term Liabilities		 9.02 64 77 75 70 90 111 108
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 55 831 886 944 821 802 821 908
Total Preferred & Common Equity		 55 831 886 944 821 802 821 908
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 55 831 886 944 821 802 821 908
Common Stock		 58 803 819 827 857 877 884 894
Retained Earnings		 -2.86 28 68 118 -36 -75 -62 14
Accumulated Other Comprehensive Income / (Loss)		 - 0.05 0.03 0.06 0.07 0.07 0.07 0.07

Quarterly Balance Sheets for National Energy Services Reunited

No quarterly balance sheets for National Energy Services Reunited are available.

Annual Metrics and Ratios for National Energy Services Reunited

This table displays calculated financial ratios and metrics derived from National Energy Services Reunited's official financial filings.

Metric 2017 2019 2020 2021 2022 2023 2024
Growth Metrics		 - - - - - - -
Revenue Growth		 0.00% 0.00% 29.48% 3.88% 2.46% 24.35% 15.02%
EBITDA Growth		 0.00% 0.00% 118.32% -58.77% 39.80% 99.99% 38.47%
EBIT Growth		 0.00% 0.00% -45.57% -312.27% 50.81% 200.15% 219.97%
NOPAT Growth		 0.00% 0.00% -58.75% -361.15% 50.81% 160.30% 506.60%
Net Income Growth		 0.00% 0.00% -57.94% -490.02% 43.59% 134.54% 506.60%
EPS Growth		 0.00% 0.00% -60.00% -494.44% 45.07% 133.33% 515.38%
Operating Cash Flow Growth		 0.00% 0.00% 0.00% -4.99% -27.53% 91.15% 29.59%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 125.81% 53.61% 21.38% -31.27%
Invested Capital Growth		 0.00% 0.00% 11.68% -5.23% -5.39% -4.11% 2.27%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - - - -
EBITDA Margin		 0.00% 10.70% 18.04% 7.16% 9.77% 15.71% 18.92%
EBIT Margin		 0.00% 8.21% 3.45% -7.05% -3.38% 2.73% 7.58%
Profit (Net Income) Margin		 0.00% 6.16% 2.00% -7.51% -4.14% 1.15% 6.06%
Tax Burden Percent		 68.07% 75.07% 56.90% 106.58% 122.21% 42.15% 79.91%
Interest Burden Percent		 100.00% 100.00% 101.95% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 24.93% 43.10% 0.00% 0.00% 57.85% 20.09%
Return on Invested Capital (ROIC)		 0.00% 2.91% 1.14% -2.89% -1.50% 0.95% 5.82%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 2.91% 1.20% -6.67% -4.19% 0.95% 5.82%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 1.53% 0.67% -4.43% -2.99% 0.60% 3.01%
Return on Equity (ROE)		 0.00% 4.44% 1.81% -7.31% -4.49% 1.55% 8.82%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% -9.90% 2.49% 4.03% 5.14% 3.57%
Operating Return on Assets (OROA)		 0.00% 3.66% 1.78% -3.44% -1.63% 1.65% 5.35%
Return on Assets (ROA)		 0.00% 2.75% 1.03% -3.67% -1.99% 0.69% 4.27%
Return on Common Equity (ROCE)		 0.00% 4.44% 1.81% -7.31% -4.49% 1.55% 8.82%
Return on Equity Simple (ROE_SIMPLE)		 - 4.44% 1.75% -7.86% -4.54% 1.53% 8.40%
Net Operating Profit after Tax (NOPAT)		 -4.21 39 16 -42 -21 13 76
NOPAT Margin		 0.00% 6.16% 1.96% -4.93% -2.37% 1.15% 6.06%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% -0.06% 3.78% 2.69% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 91.79% 96.55% 107.05% 103.38% 97.27% 92.42%
Earnings before Interest and Taxes (EBIT)		 -4.21 52 29 -61 -30 30 95
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -4.21 68 149 62 86 172 238
Valuation Ratios		 - - - - - - -
Price to Book Value (P/BV)		 1.31 0.00 0.00 0.00 0.80 0.31 0.94
Price to Tangible Book Value (P/TBV)		 1.31 0.00 0.00 0.00 11.87 2.73 4.34
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 0.73 0.23 0.68
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 19.96 11.24
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 -4.00% 0.00% 0.00% 0.00% 0.00% 5.01% 8.90%
Enterprise Value to Invested Capital (EV/IC)		 0.02 0.00 0.00 0.00 0.83 0.51 0.88
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 1.27 0.60 0.93
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 12.97 3.83 4.90
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 22.07 12.23
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 52.35 15.30
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 12.06 3.72 5.09
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 19.89 9.67 24.95
Leverage & Solvency		 - - - - - - -
Debt to Equity		 0.00 0.52 0.60 0.74 0.69 0.58 0.46
Long-Term Debt to Equity		 0.00 0.37 0.33 0.62 0.49 0.40 0.28
Financial Leverage		 0.00 0.52 0.56 0.66 0.71 0.63 0.52
Leverage Ratio		 1.06 1.67 1.75 1.99 2.25 2.23 2.06
Compound Leverage Factor		 1.06 1.67 1.79 1.99 2.25 2.23 2.06
Debt to Total Capital		 0.00% 34.36% 37.38% 42.56% 40.67% 36.65% 31.52%
Short-Term Debt to Total Capital		 0.00% 9.88% 16.92% 6.96% 11.69% 11.08% 12.34%
Long-Term Debt to Total Capital		 0.00% 24.48% 20.46% 35.60% 28.98% 25.57% 19.18%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 75.04% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 24.96% 65.64% 62.62% 57.44% 59.33% 63.35% 68.48%
Debt to EBITDA		 0.00 6.79 3.78 9.88 6.39 2.76 1.75
Net Debt to EBITDA		 0.00 5.72 3.27 6.54 5.48 2.37 1.30
Long-Term Debt to EBITDA		 0.00 4.84 2.07 8.27 4.55 1.93 1.07
Debt to NOPAT		 0.00 11.79 34.72 -14.34 -26.36 37.78 5.48
Net Debt to NOPAT		 0.00 9.93 30.10 -9.49 -22.58 32.39 4.06
Long-Term Debt to NOPAT		 0.00 8.40 19.01 -12.00 -18.78 26.36 3.33
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - -
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 0.00 -142 37 56 68 47
Operating Cash Flow to CapEx		 0.00% 0.00% 163.68% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 -8.91 2.41 1.64 1.49 1.17
Operating Cash Flow to Interest Expense		 0.00 0.00 8.47 8.42 2.71 3.86 5.75
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 3.29 8.60 2.73 3.90 5.83
Efficiency Ratios		 - - - - - - -
Asset Turnover		 0.00 0.45 0.52 0.49 0.48 0.60 0.71
Fixed Asset Turnover		 0.00 1.71 1.93 1.99 1.99 2.42 2.86
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 219 1,350 1,508 1,429 1,352 1,297 1,326
Invested Capital Turnover		 0.00 0.47 0.58 0.59 0.63 0.83 0.96
Increase / (Decrease) in Invested Capital		 0.00 0.00 158 -79 -77 -56 29
Enterprise Value (EV)		 4.63 0.00 0.00 0.00 1,116 659 1,168
Market Capitalization		 72 0.00 0.00 0.00 645 251 858
Book Value per Share		 $7.59 $10.36 $10.83 $9.35 $9.14 $8.74 $9.56
Tangible Book Value per Share		 $7.59 $2.21 $2.44 $0.62 $0.62 $0.98 $2.08
Total Capital		 219 1,350 1,508 1,429 1,352 1,297 1,326
Total Debt		 0.00 464 564 608 550 475 418
Total Long-Term Debt		 0.00 331 309 509 392 332 254
Net Debt		 -231 391 489 402 471 407 310
Capital Expenditures (CapEx)		 0.00 0.00 82 -2.76 -0.63 -1.76 -3.06
Net Nonoperating Expense (NNE)		 -1.34 0.00 -0.32 22 16 0.00 0.00
Net Nonoperating Obligations (NNO)		 0.00 464 564 608 550 475 418
Total Depreciation and Amortization (D&A)		 0.00 16 121 122 116 142 143
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 ($0.40) $0.45 $0.56 $0.00 ($0.39) $0.13 $0.80
Adjusted Weighted Average Basic Shares Outstanding		 7.20M 87.00M 88.85M 0.00 92.96M 94.75M 95.47M
Adjusted Diluted Earnings per Share		 ($0.40) $0.45 $0.56 $0.00 ($0.39) $0.13 $0.80
Adjusted Weighted Average Diluted Shares Outstanding		 7.20M 87.00M 88.99M 0.00 92.96M 94.75M 95.74M
Adjusted Basic & Diluted Earnings per Share		 ($0.40) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 9.55M 87.19M 87.78M 0.00 94.01M 95.00M 96.05M
Normalized Net Operating Profit after Tax (NOPAT)		 0.01 39 16 -42 -21 21 76
Normalized NOPAT Margin		 0.00% 6.16% 1.96% -4.93% -2.37% 1.91% 6.06%
Pre Tax Income Margin		 0.00% 8.21% 3.52% -7.05% -3.38% 2.73% 7.58%
Debt Service Ratios		 - - - - - - -
EBIT to Interest Expense		 0.00 2.76 1.80 -3.99 -0.87 0.65 2.39
NOPAT to Interest Expense		 0.00 2.08 1.02 -2.79 -0.61 0.27 1.91
EBIT Less CapEx to Interest Expense		 0.00 2.76 -3.38 -3.81 -0.85 0.69 2.47
NOPAT Less CapEx to Interest Expense		 0.00 2.08 -4.15 -2.61 -0.59 0.31 1.99
Payout Ratios		 - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics and Ratios for National Energy Services Reunited

No quarterly metrics and ratios for National Energy Services Reunited are available.

Frequently Asked Questions About National Energy Services Reunited's Financials

When does National Energy Services Reunited's fiscal year end?

According to the most recent income statement we have on file, National Energy Services Reunited's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has National Energy Services Reunited's net income changed over the last 5 years?

National Energy Services Reunited's net income appears to be on an upward trend, with a most recent value of $76.31 million in 2024, rising from $39.36 million in 2019. The previous period was $12.58 million in 2023.

How has National Energy Services Reunited revenue changed over the last 5 years?

Over the last 5 years, National Energy Services Reunited's total revenue changed from $639.01 million in 2019 to $1.26 billion in 2024, a change of 97.1%.

How much debt does National Energy Services Reunited have?

National Energy Services Reunited's total liabilities were at $865.45 million at the end of 2024, a 11.3% decrease from 2023, and a 6,825.4% increase since 2017.

How much cash does National Energy Services Reunited have?

In the past 7 years, National Energy Services Reunited's cash and equivalents has ranged from $741.10 thousand in 2017 to $205.77 million in 2021, and is currently $107.96 million as of their latest financial filing in 2024.

How has National Energy Services Reunited's book value per share changed over the last 6 years?

Over the last 6 years, National Energy Services Reunited's book value per share changed from 7.59 in 2017 to 9.56 in 2024, a change of 26.0%.


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This page (NASDAQ:NESR) was last updated on 4/20/2025 by MarketBeat.com Staff
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