National Energy Services Reunited Corp. (NESR): History, Ownership, Mission, How It Works & Makes Money

In the evolving landscape of energy services, how does National Energy Services Reunited Corp. (NESR) stand out as a key player? Founded in 2017, NESR has rapidly grown into one of the largest oilfield service providers in the MENA and Asia Pacific regions, reporting a revenue of $343.7 million for the quarter ended December 31, 2024, marking an 11.8% year-over-year increase.

With a net income of $26.8 million for the same period, reflecting a staggering 1,087% year-over-year growth, NESR's strategic focus and innovative solutions have solidified its position; keep reading to explore the history, ownership, mission, operational mechanics, and revenue streams that define National Energy Services Reunited Corp.

National Energy Services Reunited Corp. (NESR) History

National Energy Services Reunited Corp. (NESR) Founding Timeline

Year established

National Energy Services Reunited Corp. (NESR) was established in 2017.

Original location

The company is headquartered in Houston, Texas, with international operations primarily focused in the Middle East and North Africa (MENA) region.

Founding team members

The establishment and leadership of National Energy Services Reunited Corp. (NESR) involved key figures who steered its formation and growth. Though specific names of all founding team members are not readily available in the provided search results, the company has been led by a team of experienced industry professionals. Key figures associated with the company's leadership include:

• Sherif Foda: Chairman of the Board and CEO, who has been instrumental in the company's strategic direction and expansion.

Initial capital/funding

National Energy Services Reunited Corp. (NESR) was formed through a business combination with a special purpose acquisition company (SPAC). According to a Form 8-K filing on June 7, 2017, National Energy Services Reunited Corp. (NESR) (f/k/a Liberty Oilfield Services Corp.) announced the completion of its business combination. As part of this, it raised capital to fund its operations and growth, though the specific initial capital figure isn't detailed in the search results.

National Energy Services Reunited Corp. (NESR) Evolution Milestones

National Energy Services Reunited Corp. (NESR) Transformative Moments

• Strategic Acquisitions: Strategic acquisitions have allowed National Energy Services Reunited Corp. (NESR) to expand its service offerings and geographic presence, particularly in the MENA region. These acquisitions have been crucial in establishing National Energy Services Reunited Corp. (NESR) as a significant player in the oilfield services market.
• Focus on Technology and Innovation: National Energy Services Reunited Corp. (NESR)’s emphasis on adopting and developing new technologies has set it apart from competitors. Investments in digital solutions and advanced technologies have improved operational efficiency and service quality.
• Commitment to Sustainability: Integrating ESG principles into its business model has not only enhanced National Energy Services Reunited Corp. (NESR)’s reputation but also opened doors to new market opportunities, as the industry increasingly values sustainable practices.
• Adaptation to Market Dynamics: National Energy Services Reunited Corp. (NESR) has demonstrated an ability to adapt to changing market conditions, including fluctuations in oil prices and evolving customer needs. This adaptability has been vital in maintaining its competitive edge and ensuring long-term growth.

To gain more insights into the company's financial standing, consider reading: Breaking Down National Energy Services Reunited Corp. (NESR) Financial Health: Key Insights for Investors

National Energy Services Reunited Corp. (NESR) Ownership Structure

The ownership structure of National Energy Services Reunited Corp. (NESR) involves a mix of institutional and individual shareholders, influencing the company's governance and strategic direction.

National Energy Services Reunited Corp. (NESR)'s Current Status

National Energy Services Reunited Corp. (NESR) is a publicly traded company, listed on the Nasdaq stock exchange under the ticker symbol NESR. As a public entity, it is subject to regulatory oversight and reporting requirements, providing a level of transparency to investors and stakeholders. For more insights, check out this resource: Exploring National Energy Services Reunited Corp. (NESR) Investor Profile: Who’s Buying and Why?

National Energy Services Reunited Corp. (NESR)'s Ownership Breakdown

Here is a breakdown of National Energy Services Reunited Corp. (NESR)'s ownership structure:

National Energy Services Reunited Corp. (NESR)'s Leadership

The leadership team of National Energy Services Reunited Corp. (NESR) plays a crucial role in guiding the company's strategic initiatives and operational execution. Key figures include:

• Sherif Foda: Chairman of the Board and Chief Executive Officer
• Sami Iskander: Board member

National Energy Services Reunited Corp. (NESR) Mission and Values

National Energy Services Reunited Corp.'s (NESR) mission is centered around delivering efficient energy services while upholding strong values in safety, integrity, and sustainability. The company aims to be a reliable partner in the energy sector, contributing to the development and optimization of energy resources.

National Energy Services Reunited Corp.'s Core Purpose

Official mission statement

NESR's mission statement is to be a leading provider of energy services, offering innovative solutions and technologies to meet the evolving needs of the oil and gas industry while maintaining a commitment to safety, environmental stewardship, and community development. This involves:

• Providing cost-effective and efficient solutions.
• Focusing on safety and environmental responsibility.
• Contributing to the development of local communities.

Vision statement

NESR envisions becoming a globally recognized energy services company, known for its technological expertise, operational excellence, and sustainable practices. This vision encompasses:

• Expanding its global footprint through strategic partnerships and acquisitions.
• Driving innovation in energy technologies and services.
• Promoting sustainable practices across its operations.

Company slogan/tagline

While specific slogans or taglines can evolve, NESR generally emphasizes themes of innovation, partnership, and sustainability in its communications. These themes reflect the company's approach to:

• Fostering collaborative relationships with clients and partners.
• Developing cutting-edge technologies to enhance efficiency and reduce environmental impact.
• Ensuring long-term sustainability in its business practices.

To gain more insights into National Energy Services Reunited Corp. (NESR), consider reading this comprehensive investor profile: Exploring National Energy Services Reunited Corp. (NESR) Investor Profile: Who’s Buying and Why?

National Energy Services Reunited Corp. (NESR) How It Works

National Energy Services Reunited Corp. (NESR) provides a range of services and products for the oil and gas industry, primarily focusing on the Middle East and North Africa (MENA) region. They facilitate exploration, drilling, and production activities through their various offerings.

National Energy Services Reunited Corp.'s Product/Service Portfolio

National Energy Services Reunited Corp.'s Operational Framework

NESR operates through an integrated framework, providing end-to-end solutions to its clients in the oil and gas sector. Their operational processes are designed to maximize efficiency and effectiveness in exploration, drilling, and production. Here's how they create value:

• Project Management: NESR offers comprehensive project management services, coordinating all aspects of a project from planning to execution.
• Technology Integration: They integrate advanced technologies to optimize operations, reduce costs, and improve production rates.
• Local Expertise: With a strong presence in the MENA region, NESR leverages local knowledge and expertise to navigate regional challenges and opportunities.
• Supply Chain Management: Efficient supply chain management ensures timely delivery of equipment and materials, minimizing downtime and maximizing operational efficiency.
• Health, Safety, and Environment (HSE): NESR prioritizes HSE standards in all its operations, ensuring a safe and sustainable working environment.

For more insights into the company, check out: Exploring National Energy Services Reunited Corp. (NESR) Investor Profile: Who’s Buying and Why?

National Energy Services Reunited Corp.'s Strategic Advantages

NESR's success in the oil and gas services market is driven by several strategic advantages:

• Regional Focus: Concentrating on the MENA region allows NESR to build strong relationships with national oil companies (NOCs) and other key players.
• Integrated Service Offering: Providing a comprehensive suite of services enables NESR to capture a larger share of the market and offer bundled solutions to clients.
• Technological Innovation: Investing in research and development helps NESR stay ahead of the curve and offer cutting-edge solutions to its clients.
• Experienced Management Team: A seasoned management team with deep industry expertise guides the company's strategic direction and operational execution.
• Strong Financial Position: A healthy balance sheet and access to capital enable NESR to invest in growth opportunities and weather industry downturns.

National Energy Services Reunited Corp. (NESR) How It Makes Money

National Energy Services Reunited Corp. generates revenue by providing a range of services and products to the oil and gas industry, primarily focusing on the Middle East and North Africa (MENA) region. These services include well construction, artificial lift, and intervention services.

National Energy Services Reunited Corp.'s Revenue Breakdown

Here's a look at how the revenue streams break down for National Energy Services Reunited Corp.:

National Energy Services Reunited Corp.'s Business Economics

Several factors influence National Energy Services Reunited Corp.'s business economics:

• Pricing Strategies: The company employs competitive pricing strategies, often tailored to specific projects and regional market conditions. These strategies consider factors such as the complexity of the project, the duration of the service contract, and the competitive landscape.
• Economic Fundamentals: The demand for National Energy Services Reunited Corp.'s services is closely tied to oil prices and the investment levels of national oil companies (NOCs) and international oil companies (IOCs) in the MENA region. Higher oil prices typically lead to increased exploration and production activities, boosting demand for the company's services.
• Geographic Focus: Concentrating on the MENA region allows National Energy Services Reunited Corp. to capitalize on the region's significant oil and gas reserves and the ongoing investments in expanding production capacity.

National Energy Services Reunited Corp.'s Financial Performance

Key aspects of National Energy Services Reunited Corp.'s financial performance include:

• In 2023, National Energy Services Reunited Corp. reported revenue of $1.14 billion, marking a 16.1% increase year-over-year. This growth was driven by increased activity in well construction and production services across the MENA region.
• The company's gross profit for 2023 was $271.3 million, representing a 23.8% increase compared to the previous year. This improvement reflects better cost management and higher service volumes.
• National Energy Services Reunited Corp. maintains a healthy balance sheet with a cash balance of $117.5 million as of December 31, 2023. The company's total debt stands at $295.8 million.
• Capital expenditures for 2023 totaled $47.1 million, primarily focused on upgrading equipment and expanding service capabilities.

To gain more insights into the company's investors and ownership structure, check out this resource: Exploring National Energy Services Reunited Corp. (NESR) Investor Profile: Who’s Buying and Why?

National Energy Services Reunited Corp. (NESR) Market Position & Future Outlook

As of April 2025, National Energy Services Reunited Corp. (NESR) holds a significant position in the oilfield services sector, particularly within the Middle East and North Africa (MENA) region. The company's future outlook is shaped by strategic initiatives aimed at expanding its service offerings and capitalizing on the growing demand for efficient energy solutions. For more insights, consider reading: Exploring National Energy Services Reunited Corp. (NESR) Investor Profile: Who’s Buying and Why?

Competitive Landscape

Opportunities & Challenges

Industry Position

National Energy Services Reunited Corp. (NESR) has carved out a niche for itself by focusing on the specific needs of national oil companies within the MENA region. This strategic focus allows it to:

• Offer tailored solutions that address the unique challenges and requirements of these key clients.
• Build strong, long-term relationships based on trust and mutual benefit.
• Compete effectively against larger multinational corporations that may not have the same level of regional expertise.

The company's industry standing is further enhanced by its commitment to:

• Investing in local talent and infrastructure.
• Developing innovative technologies that improve efficiency and reduce environmental impact.
• Adhering to the highest standards of safety and ethical conduct.

As the energy landscape continues to evolve, National Energy Services Reunited Corp. (NESR) is well-positioned to capitalize on emerging opportunities and maintain its competitive edge in the oilfield services sector.