The share price of National Energy Services Reunited Corp. (NASDAQ:NESR) fell by 6.28% between May 27 and June 3, 2025, putting it among the Energy Stocks that Lost the Most This Week. Let’s shed some light on the development.
A drilling rig in action, operated by an oilfield services team.
With a presence in over 16 countries, National Energy Services Reunited Corp. offers a comprehensive suite of production services, including hydraulic fracturing, cementing, coiled tubing, filtration, completions, stimulation, pumping, and nitrogen services.
National Energy Services Reunited Corp. fell last week after the company reported lower-than-expected results for its Q1 2025, primarily due to the ‘seasonal slowdowns associated with the holy month of Ramadan and continued macroeconomic uncertainty’. The energy firm posted an adjusted EPS of $0.14 against estimates of $0.2, while its revenue of $303.1 million also fell short of consensus by $5.21 million.
However, National Energy Services Reunited Corp. reported a net income of $10.4 million during the first quarter, up from $0.4 million in the same period last year. This uptick was mostly driven by increased rig assignments in Saudi Arabia and higher contributions from the ROYA™ advanced directional drilling platform.
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