National Energy Services Reunited (NESR) Q2 FY26 earnings call

NESR delivered record Q2 FY26 results, significantly exceeding expectations, driven by the successful ramp-up of the Jafurah contract in Saudi Arabia and strong performance in Oman and Egypt. The company's strategic resilience and countercyclical investment approach allowed it to navigate regional geopolitical disruptions, maintaining uninterrupted services for customers. Management is confident in achieving its $3 billion revenue run rate target faster than anticipated, supported by a robust tender pipeline, expansion into new anchor countries, and the commercialization of frontier growth tec