National Energy Services Reunited Corp. income statement

In fiscal 2025, National Energy Services Reunited Corp. reported revenue of $1.32bn, up 1.7% on the year before, operating income of $98.3m (a 7.4% margin) and net income of $51.1m, or $0.52 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

National Energy Services Reunited Corp.: income statement, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	834	877	910	1,146	1,302	1,324
Cost of revenue	756	874	844	997	1,093	1,159
Gross profit	78	3	65	149	209	165
Selling, general and administrative	27	28	48	49	52	48
Operating income	35	−43	−1	81	138	98
Interest expense	16	15	34	46	40	33
Income before tax	29	−61	−30	30	95	60
Income tax	13	4	7	17	19	9
Net income	17	−65	−36	13	76	51
Diluted EPS	$0.18	−$0.71	−$0.39	$0.13	$0.80	$0.52
Diluted shares (average)	89m	91m	93m	95m	96m	99m
EBITDA	156	79	115	223	280	240

US$ millions unless shown otherwise. Fiscal quarters.

National Energy Services Reunited Corp.: income statement, quarterly
Quarter	2025 Q1Mar 2025	2025 Q2Jun 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Revenue	303	327	405	521
Cost of revenue	266	283	353	439
Gross profit	37	44	52	81
Selling, general and administrative	12	12	11	12
Operating income	21	27	36	65
Interest expense	8	9	7	7
Income before tax	14	19	31	59
Income tax	3	4	7	15
Net income	10	15	24	44
Diluted EPS	$0.11	$0.16	$0.23	$0.43
EBITDA	57	56	70	97

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from National Energy Services Reunited Corp.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to National Energy Services Reunited Corp.