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NESR posts record Q2 revenue, wins $ multi-billion Saudi fracturing contract, starts dividend program

Analyst Insights
02 Oct 2026
Seeking Alpha
View Source
Bullish
NESR posts record Q2 revenue, wins $ multi-billion Saudi fracturing contract, starts dividend program

National Energy Services Reunited (NESR), focused on oilfield services in the Middle East and North Africa, reported record Q2 revenue with a 25% sequential and nearly 60% year-over-year increase. This growth was driven by activity in Saudi Arabia's Jafurah gas field. NESR secured a multi-billion dollar, five-year hydraulic fracturing contract in Jafurah, providing strong near- and medium-term earnings visibility. The company also launched its first dividend program, supporting a 'Buy' rating due to regional diversification and resilient oil prices.

National Energy Services Reunited (NESR) is the subject, with Pluang's Energy-sector snapshot as of Oct 02, 2026 15:11 WIB: Among 38 priced US energy stocks, 12 rose and 21 fell. Notable movers include EQNR at USD 41.63 with a 1-day change of -1.28% and 100% buy order activity, CVE at USD 31.31 down 1.07%, and ENPH at USD 33.15 up 1.01% with 56% sell order activity. The most notable figure is EQNR's full buy-side order activity on Pluang.

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