NESR Q2 2023 Earnings Report — National Energy Services Reunited Corp. Revenue & Financial Results | Market Cap Arena

National Energy Services Reunited Corp.NESR

Q2 2023 Earnings

Reported June 29, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q2 2023	Q1 2023	Q2 2022	QoQ Change	YoY Change
Revenue	$280M	—	—	—	—
Op. Income	$17M	—	—	—	—
Gross Margin	11.4%	—	—	—	—
Net Margin	0.7%	—	—	—	—
EPS (Diluted)	$0.02	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$280M
Cost of Revenue	$248M
GROSS PROFIT	$32M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$10M
Other Expenses	$5M
Operating Expenses	$15M
Cost & Expenses	$263M
OPERATING INCOME	$17M
Interest Income	$0
Interest Expense	$11M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$6M
Income Tax Expense	$4M
Net Income from Continuing Ops	$2M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2M
D&A	$5M
EBIT	$17M
EBITDA	$22M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$280M
Cost of Revenue	$248M
GROSS PROFIT	$32M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$10M
Other Expenses	$5M
Operating Expenses	$15M
Cost & Expenses	$263M
OPERATING INCOME	$17M
Interest Income	$0
Interest Expense	$11M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$6M
Income Tax Expense	$4M
Net Income from Continuing Ops	$2M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2M
D&A	$5M
EBIT	$17M
EBITDA	$22M
EPS	$0
EPS Diluted	$0