NESR - Dividend announcements

Revenue for the quarter ended June 30, 2024 is $325.0 million, growing 15.9% year-over-year and 9.5% on a sequential quarter basisNet income for the quarter ended June 30, 2024 is $18.9 million, growing 870.3% year-over-year and 89.1% on a sequential quarter basisAdjusted EBITDA (a non-GAAP measure)* for the quarter ended June 30, 2024 is $78.7 million, growing 30.2% year-over-year and 22.5% on a sequential quarter basisDiluted Earnings per Share (EPS) for the quarter ended June 30, 2024 is $0.20, growing 900.0% year-over-year and 100.0% on a sequential quarter basisOperating cash flow for the six months ended June 30, 2024, is $112.3 million, improving 55.1% year-over-yearFree cash flow (a

Revenue for the year ended December 31, 2023, is $1.146 billion, growing 26% year-over-yearOperating cash flow for the year ended December 31, 2023, is $177.0 million, improving 91% year-over-yearFree cash flow (a non-GAAP measure) for the year ended December 31, 2023, is $108.8 million*Net income for the year ended December 31, 2023, is $12.6 millionAdjusted EBITDA (a non-GAAP measure) for the year ended December 31, 2023, is $262.3 million*Diluted Earnings per Share (EPS) for the year ended December 31, 2023, is $0.13Adjusted Diluted EPS (a non-GAAP measure), which includes $0.40 per share of Charges and Credits, for the year ended December 31, 2023, is $0.53*HOUSTON, TX / ACCESSWIRE / Apr

MUSCAT, OMAN / ACCESSWIRE / April 17, 2023 / National Energy Services Reunited Corp. ("NESR", "Gulf Energy" or "the Company") (NASDAQ:NESR)(NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that its subsidiary, Gulf Energy, successfully completed negotiations with multiple clients in Oman to extend existing Well Intervention contracts for up to five (5) years.Based on the Company's excellent service delivery and new technology introductions across various fields that have resulted in exceptional well productivity increases, the new contracts range in duration for different clients and

DHARAN TECHNO VALLEY, KINGDOM OF SAUDI ARABIA / ACCESSWIRE / February 27, 2023 / National Energy Services Reunited Corp. ("NESR" or "the Company") (NASDAQ:NESR)(NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced the inauguration & opening of its NESR Oilfield Research & Innovation ("NORI") Center in Saudi Arabia's Dharan Techno Valley ("DTV").The NORI facility, located in the heart of Saudi Arabia's industrial research, technology and academic hub, will enhance NESR's ability to drive energy sector research & innovation across the MENA region, while also augmenting the Company's alignme

RIYADH, KINGDOM OF SAUDI ARABIA / ACCESSWIRE / January 10, 2023 / National Energy Services Reunited Corp. ("NESR" or "the Company") (NASDAQ:NESR)(NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that the Company has been awarded a long-term, Wireline Services ("Wireline") platform contract in Saudi Arabia, which greatly expands the scope of services provided over a nine (9) year contract term. Within the expanded scope of the contract, NESR will now provide advanced Cased-Hole & perforation services, in addition to the broad suite of services currently performed. This contract give

HOUSTON, TX / ACCESSWIRE / January 9, 2023 / National Energy Services Reunited Corp. ("NESR" or "the Company") (NASDAQ:NESR)(NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced the receipt of an additional determination letter (the "Letter"), dated January 4, 2023, from the Nasdaq Capital Market ("Nasdaq"). The Letter states that the Company is not in compliance with the Nasdaq's continued listing requirements as the Company has not yet filed its Interim Financials for the period ended June 30, 2022 (the "2022 Interim Financials"), as required by Nasdaq Listing Rule 5250(c)(2), and furth

HOUSTON, TX / ACCESSWIRE / December 16, 2022 / National Energy Services Reunited Corp. ("NESR" or "the Company") (NASDAQ:NESR)(NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced the receipt of a letter (the "Letter") from the Nasdaq Capital Market ("Nasdaq") announcing the results of the Company's hearing before the Nasdaq Hearings Panel ("Panel") to request a further stay of compliance with Nasdaq Listing Rule 5250(c)(1). The Letter states that the Panel has granted the Company's request for continued listing on the Nasdaq Capital Market provided that the Company files its Annual Repor

KUWAIT CITY, KUWAIT / ACCESSWIRE / November 28, 2022 / National Energy Services Reunited Corp. ("NESR" or "the Company") (NASDAQ:NESR) (NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, has announced that the company has been awarded a long term contract for Directional Drilling services in Kuwait, covering Directional Drilling ("DD"), Measurements while Drilling ("MWD"), Performance Drilling, Well Engineering and Logging While Drilling ("LWD") services for five years, with an option to extend an additional year.Alongside the similar, recently announced Directional Drilling services contract in Saudi

BALLERUP, Denmark and HOUSTON and DHAHRAN, Saudi Arabia, Nov. 17, 2022 /PRNewswire/ -- LiqTech International, Inc. (NASDAQ:LIQT), a clean technology company that manufactures and markets highly specialized filtration products and systems, and National Energy Services Reunited Corp. (NASDAQ:NESR) (NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, have entered into a distribution agreement to commercialize LiqTech's produced water treatment filtration solution for re-injection in fifteen selected countries throughout the Middle East, Northern Africa and South Eastern Asia.

DHAHRAN, SAUDI ARABIA / ACCESSWIRE / September 13, 2022 / National Energy Services Reunited Corp. ("NESR" or "the Company") (NASDAQ:NESR)(NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, has announced that the company has been awarded a long term contract for Directional Drilling services in the Kingdom of Saudi Arabia, covering Directional Drilling ("DD"), Measurement while Drilling ("MWD"), Performance Drilling, Well Engineering and Logging While Drilling ("LWD") services for up to four years starting with immediate effect.This award reflects the culmination of several years of research and develop

HOUSTON, TX / ACCESSWIRE / May 11, 2022 / National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") and Asia Pacific regions, today announced that it received a written notice (the "Notice") from the Nasdaq Capital Market ("Nasdaq") on May 6, 2022, stating that because the Company has not yet filed its annual report on Form 20-F for the year ended December 31, 2021 (the "Form 20-F"), the Company was not in compliance with the Nasdaq's continued listing requirements under the timely filing criteria established in Nasdaq Listing Rule 5250(c)(1) (

DHAHRAN, SAUDI ARABIA / ACCESSWIRE / April 18, 2022 / National Energy Services Reunited Corp. ("NESR" or "the Company") (NASDAQ:NESR)(NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, has announced that the company has been awarded one of the major contracts for Integrated Rig-less Stimulation and Testing Services ("Conventional Fracturing") in Saudi Arabia. These contracts are for a total period of three years with an option for a further extension of two years and are worth approximately USD $300 million covering fracturing, testing, wireline, coiled tubing, slickline services and all associated che

ABU DHABI, UNITED ARAB EMIRATES / ACCESSWIRE / March 17, 2022 / National Energy Services Reunited Corp. ("NESR" or "the Company") (NASDAQ:NESR) (NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, has announced that the Company has been awarded one of the major contracts for Cementing Services ("Cementing") in Abu Dhabi from ADNOC. In total, the announced award of framework agreements to five oilfield service providers is valued at $658 million USD, a strong portion of which includes NESR's scope for Cementing services up to seven years. The awards build on ADNOC's recent drilling-related investments to

HOUSTON, TX / ACCESSWIRE / March 14, 2022 / On March 10, 2022, subsequent to the companywide adoption of a new SAP ERP system and the ensuing ongoing reconciliation process, the management of National Energy Services Reunited Corp. ("NESR" or "the Company") (NASDAQ:NESR)(NASDAQ:NESRW) concluded and recommended to the Audit Committee of the Company's Board of Directors, and the Audit Committee agreed, that the Company's consolidated U.S. GAAP financial information and related disclosures ("SEC Fillings") for the fiscal year ended December 31, 2018, December 31, 2019 and December 31, 2020 filed with the United States Securities and Exchange Commission (the "SEC"), contain errors primarily rela

ABU DHABI, UAE / ACCESSWIRE / February 7, 2021 / National Energy Services Reunited Corp. ("NESR" or "the Company") (NASDAQ:NESR) (NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, has announced that the company has been awarded one of the major contracts for Testing Services ("Testing") in Abu Dhabi from ADNOC Onshore. These contracts, worth USD $169 million for surface testing over up to five years, will deploy best-in-class technologies while minimizing environmental impact and support ADNOC's flagship in-country value ("ICV") program. NESR CEO & Chairman Sherif Foda commented, "We are extremely pro

HOUSTON, TX / ACCESSWIRE / January 3, 2022 / National Energy Services Reunited Corp. ("NESR") (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced multiple contract awards totaling more than USD$100 million over a three-year period commencing in 2022 and evenly split between the Production and Drilling and Evaluation segments in North Africa countries. These pivotal awards mark the expansion of NESR into evaluation service lines in Algeria and Egypt, and further expansion of production services in Algeria."In Algeria, we have expanded and improved our position in coiled tubing by

HOUSTON, TX / ACCESSWIRE / December 9, 2021 / National Energy Services Reunited Corp. ("NESR" or "the Company") (NASDAQ:NESR)(NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, has announced that the company has secured a sustainability-linked loan ("SLL") with HSBC Bank Middle East - the first SLL of its kind within the MENA Oilfield Services ("OFS") sector.The loan terms are linked to three key performance indicators ("KPIs") that are tied to the following environmental, social, and governance (ESG) indicators, and will be tracked within the agreement span:Environmental - Wastewater Reduction: NESR h

ABU DHABI, UNITED ARAB EMIRATES / ACCESSWIRE / November 16, 2021 / National Energy Services Reunited Corp. ("NESR") (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that it has successfully deployed K-BOS 5-1/8" inch bore, 15,000 psi rated working pressure Kinetic Blowout Stopper in the Middle East & Africa ("MEA") region. The K-BOS is a game-changing safety valve that can shear anything (tools strings, tool joints and BHAs) and seal instantly. It is added to the PCE or BOP stack and is compatible with extreme H2S gas conditions with no planned maintenance inside the 3-year re

ABU DHABI, UNITED ARAB EMIRATES / ACCESSWIRE / November 15, 2021 / National Energy Services Reunited Corp. ("NESR") (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced an investment in Qube Technologies ("Qube"), a provider of continuous emissions monitoring technology that enables oil and gas operators to better detect, measure, and reduce methane and other greenhouse gas ("GHG") emissions. Founded in 2018, Qube continuously collects gas concentration, atmospheric, and other operational data to locate, quantify, and classify emissions by source and severity. In 2021, Qube receiv

HOUSTON, TX / ACCESSWIRE / October 11, 2021 / National Energy Services Reunited Corp. ("NESR") (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced multiple contract awards across several Drilling & Evaluation ("D&E") service lines in key GCC countries. Totaling more than USD$150 million, these multi-year contracts encompass Slickline Services ("Slickline"), Tubular Running Services ("TRS"), and Testing Services ("Testing") with multiple national oil companies ("NOCs")."As the world emerges from the global pandemic, the MENA region is positioning for a sustained, multi-year upcycl

HOUSTON, TX / ACCESSWIRE / September 15, 2021 / National Energy Services Reunited Corp. ("NESR") (NASDAQ:NESR) (NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region and Ulterra Drilling Technologies, L.P. ("Ulterra"), an independent supplier and manufacturer of polycrystalline diamond compact ("PDC") drill bits, announced that they have entered into an agreement to deploy and use Ulterra PDC bits across various countries in the MENA and Asia region.John Clunan, President and Chief Executive Officer of Ulterra stated, "We are very pleased with the collaboration with NESR as it will allow us to leverage our drill

HOUSTON, TX / ACCESSWIRE / September 8, 2021 / National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") and Asia Pacific regions, today announced that it has joined the United Nations Global Compact initiative - a voluntary leadership platform for the development, implementation and disclosure of responsible business practices.With this announcement, NESR is proud to join thousands of other companies globally committed to taking responsible business action to create the world we all want. The UN Global Compact is a call to companies to align t

HOUSTON, TX / ACCESSWIRE / September 7, 2021 / National Energy Services Reunited Corp. ("NESR") (NASDAQ:NESR) (NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, and Cactus, Inc. ("Cactus") (NYSE:WHD), a leading provider of wellhead and pressure control equipment, announced that they have entered into an agreement to provide and deploy Cactus frac rental equipment in the Middle East, as well as other initiatives in the key markets.Scott Bender, President and CEO of Cactus stated, "The differentiated nature of Cactus' products and service execution has enabled us to significantly expand our presence across U.

HOUSTON, TX / ACCESSWIRE / July 8, 2021 / National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") and Asia Pacific regions, today announced that it will release its financial results for the second quarter 2021 on Wednesday, August 4th, 2021. A conference call is scheduled for 8:00 AM ET on August 4, 2021 to discuss such financial results.Investors, analysts and members of the media interested in listening to the conference call are encouraged to participate by dialing in to the U.S. toll-free line at 1-877-407-0312 or the international line

HOUSTON, TX / ACCESSWIRE / June 2, 2021 / National Energy Services Reunited Corp. ("NESR") (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today reported multiple contract awards with major international oil companies ("IOCs") for Integrated Rigless Services ("Rigless Services") and Drilling and Completion Fluids ("Completion Fluids") in the MENA region which will be executed over the next three years for up to $150 million."These awards by IOCs showcase our ability to deliver on multi-service line contracts with complex workflows and are a vindication of our project management and execution

HOUSTON, TX / ACCESSWIRE / May 6, 2021 / National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") and Asia Pacific regions, today reported certain preliminary unaudited financial results for the quarter ended March 31, 2021. The Company posted the following results for the periods presented: ●Revenue for the first quarter of 2021 is $212 million, growing 7% year-over-year and remaining flat quarter-over-quarter ●Operating income for the first quarter of 2021 is $16 million, improving 29% quarter-over-quarter ●Adjusted EBITDA (a non-GAAP measur

HOUSTON, TX / ACCESSWIRE / April 29, 2021 / National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:NESR) (NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") and Asia Pacific regions, today announced that it will release its financial results for the first quarter 2021 on Thursday, May 6th, 2021. A conference call is scheduled for 8:00 AM ET on May 6, 2021 to discuss such financial results.Investors, analysts and members of the media interested in listening to the conference call are encouraged to participate by dialing in to the U.S. toll-free line at 1-877-407-0312 or the international line at 1-

HOUSTON, TX / ACCESSWIRE / April 19, 2021 / National Energy Services Reunited Corp. ("NESR") (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") and Asia Pacific regions, today announced that it has entered into a partnership and started operations with Beyond Energy Services and Technology ("Beyond") to provide and deploy Managed Pressure Drilling ("MPD") services in the Middle East, Asia, and Africa regions. Jason Lock, President of Beyond stated, "Beyond has progressed a lot in the last few years and has grown from a startup to become one of the major players in North America today. We have achieved

HOUSTON, TX / ACCESSWIRE / April 19, 2021 / National Energy Services Reunited Corp. ("NESR") (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") and Asia Pacific regions, today announced that it has entered into a partnership and started operations with Beyond Energy Services and Technology ("Beyond") to provide and deploy Managed Pressure Drilling ("MPD") services in the Middle East, Asia, and Africa regions.Jason Lock, President of Beyond stated, "Beyond has progressed a lot in the last few years and has grown from a startup to become one of the major players in North America today. We have achieved t

HOUSTON, TX / ACCESSWIRE / April 1, 2021 / National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:NESR) (NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced a preliminary agreement pursuant to which NESR will acquire specific oilfield service lines (the "Businesses") of Action Energy Company W.L.L. ("Action"), one of the leading indigenous oilfield services companies in Kuwait with multiple oilfield services contracts across both drilling and production operations. The transaction, comprising oil services contracts in certain services lines worth more than $200 million, is p

HOUSTON, TX / ACCESSWIRE / March 25, 2021 / National Energy Services Reunited Corp. ("NESR") (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced the successful start of its Directional Drilling operations in the Middle East, in partnership with PHX Energy Services Corp. ("PHX Energy") (PHX). John Hooks, Chairman of the Board and CEO of PHX Energy stated, "with the introduction of PHX Energy's Atlas Downhole Motors and Velocity Systems, I am very glad that we have been able to showcase our leading technologies which have contributed to the transformation of the North American dri

HOUSTON, TX / ACCESSWIRE / March 15, 2021 / National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") and Asia Pacific regions, today announced its participation in the initial investment round of an innovative geothermal technology company, ICE Thermal Harvesting, LLC ("ICE"), as part of its Environmental, Social and Governance Impact Segment ("ESG IMPACT") strategy. As previously announced, the ESG IMPACT segment is envisaged to host a portfolio of product lines and services to mitigate climate change, enhance water management and conservatio

HOUSTON, TX / ACCESSWIRE / February 24, 2021 / National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") and Asia Pacific regions, today reported its financial results for the quarter ended December 31, 2020. The Company posted the following results for the periods presented: Revenue for the full year 2020 is $834 million, growing 27% year-over-year Revenue for the fourth quarter of 2020 is $213 million, growing 15% year-over-year and decreased 2% quarter-over-quarte Free cash flow (a non-GAAP measure) for the fourth quarter of 2020 is $33

HOUSTON, TX / ACCESSWIRE / February 10, 2021 / National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") and Asia Pacific regions, today announced that it will release its financial results for the fourth quarter 2020 on Wednesday, February 24, 2021. A conference call is scheduled for 8:00 AM ET on February 24, 2021 to discuss such financial results. Investors, analysts and members of the media interested in listening to the conference call are encouraged to participate by dialing in to the U.S. toll-free line at 1-877-407-0312 or the internat

RIYADH, SAUDI ARABIA / ACCESSWIRE / January 27, 2021 / National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") and Asia Pacific regions, today announced the creation of Environmental, Social and Governance Impact Segment ("ESG IMPACT"), which will operate independently from the existing Production and Drilling & Evaluation Services segments. This announcement coincides with the launch of the 4th edition of the Future Investment Initiative ("FII"), which is focused on reimaging and reenergizing the global economy amid the ongoing challenges un