National Energy Services Reunited (NESR) Hits a New High Following Q4 2025 Results

The share price of National Energy Services Reunited Corp. (NASDAQ:NESR) surged by 17.14% between February 13 and February 20, 2026, putting it among the Energy Stocks that Gained the Most This Week.

National Energy Services Reunited Corp. (NASDAQ:NESR) provides oilfield services in the Middle East and North Africa region.

National Energy Services Reunited Corp. (NASDAQ:NESR) hit a new high after announcing its Q4 2025 results on February 19, with the company’s adjusted EPS of $0.32 exceeding estimates by $0.07. Revenue for the quarter also surged by 34.9% sequentially and 15.9% YoY to just over $398 million, topping consensus by almost $28 million. The strong quarterly performance follows the announcement of several significant contract awards by NESR, most notably its integrated unconventional completions scope in Saudi Arabia’s Jafurah development, which further bolsters its long-standing partnership with Aramco.

That said, National Energy Services Reunited Corp. (NASDAQ:NESR) posted a 56% sequential and 70.9% YoY decline in net income to $7.8 million, driven by non-cash impairment charges on two small technology investments, additional current expected credit loss provisions, mobilization-related restructuring costs in Oman, and other write-offs and provisions largely related to a vendor bankruptcy and resulting provision for a construction-in-process prepayment previously made in Saudi Arabia. Excluding these items, the company’s adjusted net income and adjusted EBITDA both witnessed strong sequential gains.

National Energy Services Reunited Corp. (NASDAQ:NESR) generated operating cash flow of $264.2 million in the full year 2025, up 15.2% from the prior year. Meanwhile, free cash flow for the year stood at $120.8 million. The company ended the year with a net debt of $185.3 million, down nearly $90 million from 2024.

Understandably, National Energy Services Reunited Corp. (NASDAQ:NESR) garnered positive analyst attention following the impressive Q4 results. On February 18, Barclays raised its price target on NESR from $25 to $34 while maintaining an ‘Overweight’ rating. Subsequently, on February 19, UBS analyst Josh Silverstein also increased the firm’s price target on the stock from $25 to $31, while maintaining its ‘Buy’ rating.

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