The earnings beat and cash flow inflection are strong catalysts. Watch the conference call for any guidance raise or commentary on contract wins. The stock is likely to gap up; consider holding through the call for potential upside on forward outlook.
Price Chart
Executive Summary
NESR reported a massive Q2 2026 beat, with revenue of $520.8M (+59% YoY) and adjusted EPS of $0.44 (+169% YoY), both well above consensus ($448.5M and $0.35). Operating cash flow surged to $174M and net debt was cut in half to $99.6M, signaling strong operational momentum and financial health despite regional geopolitical risks.
Key Financial Metrics
Key Facts
- Revenue of $520.8M, up 59.1% YoY and 28.7% sequentially, a record high
- Adjusted diluted EPS of $0.44, beating consensus of $0.35 by 25.7%
- Net income of $44.0M, up 189.6% YoY
- Adjusted EBITDA of $106.2M, up 50.5% YoY, also a record
- Operating cash flow of $174.0M, up 466.6% YoY
- Free cash flow of $99.9M, up from $68.7M in Q2 2025
- Net debt reduced to $99.6M from $185.3M at year-end 2025
Financial Impact
Revenue beat consensus by $72.3M (16.1%); EPS beat by $0.09 (25.7%); operating cash flow more than quintupled YoY
Risk Factors
- Geopolitical instability in the MENA region could disrupt operations
- Commodity price volatility may impact customer spending
- High capital expenditures ($110M YTD) could pressure future free cash flow
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-036718 |
| Document: form8-k.htm | 0001493152-26-036718 |
| Document: 0001493152-26-036718-index-headers.html | 0001493152-26-036718 |
| Document: 0001493152-26-036718-index.html | 0001493152-26-036718 |
| Document: 0001493152-26-036718.txt | 0001493152-26-036718 |
| 8-K Data (Synthetic) | 0001493152-26-036718 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 10, 2026 11w ago | 8-K | $35.79 $36.01 | ▲ +0.61% | ▲ +0.93% | $21.16 (−40.88%) |
Aug 10, 2026 11w ago | 8-K | $35.79 $36.01 | ▲ +0.61% | ▲ +0.93% | $21.16 (−40.88%) |
Aug 5, 2026 11w ago | Press Release | $28.15 $28.85 | ▲ +2.49% | ▲ +2.65% | $21.16 (−24.83%) |
May 26, 2026 22w ago | S-3ASR | $25.89 $25.24 | ▲ +2.51% | ▲ +2.52% | $21.16 (+18.27%) |
May 14, 2026 23w ago | 8-K | $25.99 $25.46 | ▼ −2.04% | ▼ −0.81% | $21.16 (−18.58%) |
US Market Status
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