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NESR to Report Q3 Earnings: Here's What Investors Should Know
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Key Takeaways
NESR is set to report Q3 earnings on Nov. 9, with EPS estimated at 36 cents and revenues at $497.7 million.
The Jafurah project ramp-up and strong conventional activity are expected to support NESR's Q3 performance.
Regional conflicts, slower upstream activity & higher freight and logistics costs may pressure NESR's profits.
National Energy Services Reunited Corp. (NESR - Free Report) is set to release third-quarter 2026 results on Nov. 9 before the opening bell.
Let us delve into the factors that are likely to have influenced the oilfield services provider’s performance in the to-be-reported quarter. But first, it is worth taking a look at NESR’s previous-quarter performance.
Highlights of NESR’s Q2 Earnings & Surprise History
In the last reported quarter, NESR reported earnings of 44 cents, beating the Zacks Consensus Estimate of 35 cents. The Jafurah contract ramp-up was a key driver of earnings growth. Moreover, the company’s quarterly revenues of $520.75 million topped the consensus estimate of $458.42 million.
NESR’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 19.8%. This is depicted in the graph below:
National Energy Services Reunited Price and EPS Surprise
The Zacks Consensus Estimate for the third-quarter earnings per share (EPS) is pegged at 36 cents, with no upward and one downward revision over the past 30 days. The bottom-line estimate implies an improvement of 125% from the figure reported in the prior-year quarter.
The Zacks Consensus Estimate for third-quarter revenues is pegged at $497.7 million, indicating a year-over-year improvement of 68.5%.
Factors to Consider for NESR
NESR is a leading oilfield services provider in the Middle East and North Africa (MENA) for upstream and midstream companies. The company is expected to have sustained a stable performance in the third quarter, driven by the continued ramp-up of the Jafurah unconventional gas project in Saudi Arabia. Strong conventional activity across other regions in the Middle East, such as Oman and Kuwait, is also expected to have positively impacted the company’s earnings and financial performance in the to-be-reported quarter.
However, challenges are likely to have emerged, particularly due to the ongoing conflict in the region, which has slowed down upstream activity. In addition, geopolitical disruptions have raised freight and logistics costs, which are expected to have negatively impacted the company’s bottom line in the to-be-reported quarter. These factors are expected to influence and potentially hamper NESR’s third-quarter results.
What Our Model Predict for NESR?
The proven Zacks model does not conclusively predict an earnings beat for NESR this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. This is not the case here, as you will see.
Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, for this company is -1.69%. You can uncover the best stocks with our Earnings ESP Filter.
Zacks Rank: NESR currently carries a Zacks Rank #3.
PBF Energy has a geographically diverse refining network with large-scale processing capacity and a highly complex refining system. It operates six refineries, including Delaware City Refinery, Paulsboro Refinery, Toledo Refinery, Chalmette Refinery, Torrance Refinery and Martinez Refinery, with a combined throughput capacity of 1 million barrels per day and the ability to process a wide range of feedstocks. The diversified refining footprint provides the company exposure to several regional refining markets, supporting higher margins. PBF reported an earnings beat in the third quarter.
HF Sinclair Corporation is a leading downstream energy player operating across five segments: Refining, Renewables, Marketing, Lubricants & Specialties, and Midstream. The company’s primary earnings driver is its robust network of seven complex refineries across the Mid-Continent, Southwest, Rocky Mountains and Pacific Northwest. The outlook for the company’s refining business remains constructive due to tightening supplies of refined products and a supportive crack environment. DINO beat the Zacks Consensus Estimate in the third quarter by 43.8%.
Galp Energia is a Portuguese energy company engaged in exploration and production activities. The company’s oil exploration efforts have yielded positive results, particularly with the Mopane discovery in the Orange Basin, offshore Namibia. This discovery allows Galp to diversify its global presence with the potential to become a significant oil producer in the region. It refines and markets oil products and gas, as well as engages in marketing and sales activities. GLPEY reported earnings of 16 cents in the third quarter, missing the Zacks Consensus Estimate of 52 cents.
View the Zacks #1 Rank List
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NESR to Report Q3 Earnings: Here's What Investors Should Know
Key Takeaways
National Energy Services Reunited Corp. (NESR - Free Report) is set to release third-quarter 2026 results on Nov. 9 before the opening bell.
Let us delve into the factors that are likely to have influenced the oilfield services provider’s performance in the to-be-reported quarter. But first, it is worth taking a look at NESR’s previous-quarter performance.
Highlights of NESR’s Q2 Earnings & Surprise History
In the last reported quarter, NESR reported earnings of 44 cents, beating the Zacks Consensus Estimate of 35 cents. The Jafurah contract ramp-up was a key driver of earnings growth. Moreover, the company’s quarterly revenues of $520.75 million topped the consensus estimate of $458.42 million.
NESR’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 19.8%. This is depicted in the graph below:
National Energy Services Reunited Price and EPS Surprise
National Energy Services Reunited price-eps-surprise | National Energy Services Reunited Quote
NESR’s Trend in Estimate Revision
The Zacks Consensus Estimate for the third-quarter earnings per share (EPS) is pegged at 36 cents, with no upward and one downward revision over the past 30 days. The bottom-line estimate implies an improvement of 125% from the figure reported in the prior-year quarter.
The Zacks Consensus Estimate for third-quarter revenues is pegged at $497.7 million, indicating a year-over-year improvement of 68.5%.
Factors to Consider for NESR
NESR is a leading oilfield services provider in the Middle East and North Africa (MENA) for upstream and midstream companies. The company is expected to have sustained a stable performance in the third quarter, driven by the continued ramp-up of the Jafurah unconventional gas project in Saudi Arabia. Strong conventional activity across other regions in the Middle East, such as Oman and Kuwait, is also expected to have positively impacted the company’s earnings and financial performance in the to-be-reported quarter.
However, challenges are likely to have emerged, particularly due to the ongoing conflict in the region, which has slowed down upstream activity. In addition, geopolitical disruptions have raised freight and logistics costs, which are expected to have negatively impacted the company’s bottom line in the to-be-reported quarter. These factors are expected to influence and potentially hamper NESR’s third-quarter results.
What Our Model Predict for NESR?
The proven Zacks model does not conclusively predict an earnings beat for NESR this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. This is not the case here, as you will see.
Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, for this company is -1.69%. You can uncover the best stocks with our Earnings ESP Filter.
Zacks Rank: NESR currently carries a Zacks Rank #3.
Zacks Rank and Key Picks
Some better-ranked stocks from the energy sector are PBF Energy (PBF - Free Report) , HF Sinclair Corporation (DINO - Free Report) and Galp Energia SGPS SA (GLPEY - Free Report) , each sporting a Zacks Rank #1 at present. You can see the complete list of today’s Zacks Rank #1 stocks here.
PBF Energy has a geographically diverse refining network with large-scale processing capacity and a highly complex refining system. It operates six refineries, including Delaware City Refinery, Paulsboro Refinery, Toledo Refinery, Chalmette Refinery, Torrance Refinery and Martinez Refinery, with a combined throughput capacity of 1 million barrels per day and the ability to process a wide range of feedstocks. The diversified refining footprint provides the company exposure to several regional refining markets, supporting higher margins. PBF reported an earnings beat in the third quarter.
HF Sinclair Corporation is a leading downstream energy player operating across five segments: Refining, Renewables, Marketing, Lubricants & Specialties, and Midstream. The company’s primary earnings driver is its robust network of seven complex refineries across the Mid-Continent, Southwest, Rocky Mountains and Pacific Northwest. The outlook for the company’s refining business remains constructive due to tightening supplies of refined products and a supportive crack environment. DINO beat the Zacks Consensus Estimate in the third quarter by 43.8%.
Galp Energia is a Portuguese energy company engaged in exploration and production activities. The company’s oil exploration efforts have yielded positive results, particularly with the Mopane discovery in the Orange Basin, offshore Namibia. This discovery allows Galp to diversify its global presence with the potential to become a significant oil producer in the region. It refines and markets oil products and gas, as well as engages in marketing and sales activities. GLPEY reported earnings of 16 cents in the third quarter, missing the Zacks Consensus Estimate of 52 cents.