NESR Targets $2 Billion Revenue by 2026 and Announces First Dividend
National Energy Services Reunited Corp. (NESR) reported significant growth in its Q3 earnings, highlighted by a 70% year-over-year revenue increase despite operating amidst geopolitical instability and supply chain disruptions. To reward shareholders, the company has approved its first dividend of $0.10 per share. Looking ahead, management has set an ambitious revenue target of approximately $2 billion for 2026. The company is also strengthening its balance sheet by refinancing $747 million in existing facilities to support its long-term growth strategy and operational continuity.
Tickers: $NESR
Topics: earnings report management commentary revenue growth