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National Energy Services Reunited (NESR) Revenue & Revenue Breakdown

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National Energy Services Reunited Revenue Highlights

Latest Revenue (Y)

$1.15B

Latest Revenue (Q)

$336.20M

Main Segment (Y)

Production Services

Main Geography (Y)

Rest of world

National Energy Services Reunited Revenue by Period

National Energy Services Reunited Revenue by Year

DateRevenueChange
2023-12-31$1.15B25.99%
2022-12-31$909.52M3.74%
2021-12-31$876.73M5.10%
2020-12-31$834.15M26.70%
2019-12-31$658.38M100.00%
2018-12-31--100.00%
2017-12-31$271.32M100.00%
2016-12-31--

National Energy Services Reunited generated $1.15B in revenue during NA 2023, up 25.99% compared to the previous quarter, and up Infinity% compared to the same period a year ago.

National Energy Services Reunited Revenue by Quarter

DateRevenueChange
2024-09-30$336.20M3.46%
2024-06-30$324.97M5.67%
2023-12-31$307.52M2.48%
2023-09-30$300.08M7.05%
2023-06-30$280.31M32.61%
2021-12-31$211.38M-3.03%
2021-09-30$217.99M-7.21%
2021-06-30$234.93M10.59%
2021-03-31$212.43M-0.35%
2020-12-31$213.18M-2.40%
2020-09-30$218.42M7.47%
2020-06-30$203.25M1.98%
2020-03-31$199.30M7.63%
2019-12-31$185.18M14.58%
2019-09-30$161.61M1.07%
2019-06-30$159.90M5.40%
2019-03-31$151.70M-25.27%
2018-12-31$203.01M39.45%
2018-09-30$145.58M100.00%
2018-06-30-100.00%
2018-03-31--100.00%
2017-12-31$77.54M10.06%
2017-09-30$70.45M100.00%
2017-06-30-100.00%
2017-03-31--

National Energy Services Reunited generated $336.20M in revenue during Q3 2024, up 3.46% compared to the previous quarter, and up 159.05% compared to the same period a year ago.

National Energy Services Reunited Revenue Breakdown

National Energy Services Reunited Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22
Drilling and Evaluation Services$360.27M$342.27M
Production Services$785.64M$567.25M

National Energy Services Reunited's latest annual revenue breakdown by segment (product or service), as of Dec 23: Production Services (68.56%), and Drilling and Evaluation Services (31.44%).

Quarterly Revenue by Product

Product/ServiceSep 21Jun 21Mar 21Sep 20Jun 20Mar 20
Production Services$138.06M$152.67M$136.77M$148.29M$139.03M$133.19M
Drilling and Evaluation Services$79.93M$82.26M$75.66M$70.13M$64.22M$66.11M

National Energy Services Reunited's latest quarterly revenue breakdown by segment (product or service), as of Sep 21: Production Services (63.33%), and Drilling and Evaluation Services (36.67%).

National Energy Services Reunited Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22
Rest of world$13.59M$15.88M

National Energy Services Reunited's latest annual revenue breakdown by geography, as of Dec 23: Rest of world (100.00%).

Quarterly Revenue by Country

CountrySep 21Jun 21Mar 21Sep 20Jun 20Mar 20
Rest of World$2.44M$2.38M$2.64M$2.66M$2.51M$3.24M

National Energy Services Reunited's latest quarterly revenue breakdown by geography, as of Sep 21: Rest of World (100.00%).

National Energy Services Reunited Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
BKRBaker Hughes$27.83B$6.91B
FTITechnipFMC$7.82B$2.35B
MRCMRC Global$3.41B$2.74B
VTOLBristow Group$1.23B$365.12M
NESRNational Energy Services Reunited$1.15B$336.20M
AROCArchrock$990.34M$270.53M
RNGRRanger Energy Services$636.60M$153.00M
NINENine Energy Service$609.53M-
FTKFlotek Industries$188.06M$49.74M
NCSMNCS Multistage$142.47M$43.48M
DWSNDawson Geophysical$96.85M-

NESR Revenue FAQ

What is National Energy Services Reunited’s yearly revenue?

National Energy Services Reunited's yearly revenue for 2023 was $1.15B, representing an increase of 25.99% compared to 2022. The company's yearly revenue for 2022 was $909.52M, representing an increase of 3.74% compared to 2021. NESR's yearly revenue for 2021 was $876.73M, representing an increase of 5.10% compared to 2020.

What is National Energy Services Reunited’s quarterly revenue?

National Energy Services Reunited's quarterly revenue for Q3 2024 was $336.2M, a 3.46% increase from the previous quarter (Q2 2024), and a 19.94% increase year-over-year (Q2 2023). The company's quarterly revenue for Q2 2024 was $324.97M, a 5.67% increase from the previous quarter (Q4 2023), and a 53.73% increase year-over-year (Q4 2021). NESR's quarterly revenue for Q4 2023 was $307.52M, a 2.48% increase from the previous quarter (Q3 2023), and a 41.07% increase year-over-year (Q3 2021).

What is National Energy Services Reunited’s revenue growth rate?

National Energy Services Reunited's revenue growth rate for the last 3 years (2021-2023) was 30.70%, and for the last 5 years (2019-2023) was 74.05%.

What are National Energy Services Reunited’s revenue streams?

National Energy Services Reunited's revenue streams in c 23 are Drilling and Evaluation Services, and Production Services. Drilling and Evaluation Services generated $360.27M in revenue, accounting 31.44% of the company's total revenue, up 5.26% year-over-year. Production Services generated $785.64M in revenue, accounting 68.56% of the company's total revenue, up 38.50% year-over-year.

What is National Energy Services Reunited’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of National Energy Services Reunited was Production Services. This segment made a revenue of $785.64M, representing 68.56% of the company's total revenue.