NESR Q1 2026: Record-Breaking Earnings, New Dividend & Buyback

National Oilwell Energy Services (NESR) reported impressive first quarter 2026 earnings, surpassing expectations amidst Middle East tensions. Revenue soared by 33.5% to $404.6 million, with adjusted EBITDA at $76.7 million and a robust 19% margin. Net income more than doubled to $23.8 million, driven by increased activity in Saudi projects like Jafurah. CEO Sherif Fodas recent visit to Saudi Arabia, Kuwait, and the UAE revealed resilience and growth plans. North Africa also shows promise with new pipelines and IOC deals. NESRs local teams and supply chain strategy ensured 100% reliability, despite increased freight costs. The company announced a quarterly dividend of $0.10 per share and a $50 million share buyback over twelve months. With margins expected to remain around 21% and Q2 cash flow rebounding, NESR is well-positioned for the post-conflict surge and energy security spending, such as ADNOCs $55 billion over two years. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/5286223821663a4f