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NESR
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National Energy Services Reunited Corp. Reports Fourth Quarter Financial Results

1. NESR reported $343.7 million revenue, up 11.8% year-over-year. 2. Net income surged 1,087.0% to $26.8 million, indicating strong financial health.

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FAQ

Why Very Bullish?

NESR's exceptional earnings growth, especially in net income, mirrors historic rebounds in stock performance. Companies showing such robust growth often see their stock prices rise sharply.

How important is it?

The article details significant revenue and net income growth, which directly influences investor perceptions and stock price prospects for NESR, positioning it favorably in the market.

Why Short Term?

Investor reactions to strong quarterly earnings are typically immediate, as seen with similar firms in the energy sector experiencing rapid price appreciation post-earnings announcements.

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Revenue for the quarter ended December 31, 2024, was $343.7 million, growing 11.8% year-over-year and 2.2% sequentially Net income for the quarter ended December 31, 2024, was $26.8 million, growing 1,087.0% year-over-year and 30.2% on a sequential quarter basis Adjusted EBITDA (a non-GAAP measure)* for the quarter ended December 31, 2024 was $87.2 million, an increase of 9.8% year-over-year and 9.0% sequentially Diluted Earnings per Share ("EPS") for the quarter ended December 31, 2024, was $0.28, growing 1,300.0% year-over-year and 27.3% on a sequential quarter basis Net cash provided by operating activities for the year ended December 31, 2024, was $229.3 million, improving 29.6% year-over-year Free cash flow (a non-GAAP measure)* for the year ended December 31, 2024, was $124.2 million, improving 14.2% year-over-year HOUSTON, TX / ACCESS Newswire / March 12, 2025 / 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 reported its financial results as of and for the three- and twelve-month periods ended December 31, 2024. The Company posted the following results for the periods presented: Three Months Ended Variance (in thousands except per share amounts and percentages) December 31, 2024 September 30, 2024 December 31, 2023 Sequential Year-over-year Revenue $ 343,682 $ 336,205 $ 307,520 2.2 % 11.8 % Net income 26,837 20,618 2,261 30.2 % 1,087.0 % Adjusted net income (non-GAAP)* 28,140 28,912 23,897 (2.7 )% 17.8 % Adjusted EBITDA (non-GAAP)* 87,219 80,035 79,457 9.0 % 9.8 % Diluted EPS 0.28 0.22 0.02 27.3 % 1,300.0 % Adjusted Diluted EPS (non-GAAP)* 0.30 0.31 0.25 (3.2 )% 20.0 % *The Company presents its financial results in accordance with generally accepted accounting principles in the United States of America ("GAAP").

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