NESR Earnings Reports

NESR delivered a solid Q4 2024, with revenue reaching $343.7 million and net income rising sharply to $26.8 million. The company also achieved record adjusted EBITDA of $87.2 million and maintained strong cash generation and debt reduction.

NESR delivered a robust Q4 2024, with revenue growing 11.8% year-over-year to $343.7 million. Net income increased significantly to $26.8 million, reflecting strong operational performance. Adjusted EBITDA reached $87.2 million, showing a 9.8% increase YoY. The company remains confident about full-year 2025 despite expected short-term geopolitical and seasonal headwinds.