{
  "url": "https://struct.news/briefs/nesrs-saudi-growth-is-widening-margins-but-the-bill-is-arriving-in-inventory-and-capex",
  "title": "NESR’s Saudi growth is widening margins, but the bill is arriving in inventory and capex",
  "summary": "Inventory rose 31.4% as revenue climbed 28.7%, even while operating margin expanded to 12.5%.",
  "published_at": "2026-08-10T10:14:06.546605+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "National Energy Services Reunited Corp.",
    "ticker": "NESR",
    "cik": "1493152",
    "sector": "Energy",
    "industry": "Oil & Gas Equipment & Services"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-08-10",
    "accession": "0001493152-26-036720",
    "url": "https://www.sec.gov/Archives/edgar/data/1698514/000149315226036720/form10-q.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2026-05-11",
    "url": "https://www.sec.gov/Archives/edgar/data/1698514/000149315226022091/form10-q.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 1324047000,
      "display": "$1.3B",
      "unit": "usd",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-Q",
        "accession": "0001493152-26-036720",
        "filing_date": "2026-08-10"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": 1.7164424477454254,
      "display": "+1.7%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001493152-26-036720",
        "filing_date": "2026-08-10"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Operating margin",
      "value": 7.425718271330248,
      "display": "+7.4%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001493152-26-036720",
        "filing_date": "2026-08-10"
      }
    }
  ],
  "watch_next": [
    {
      "type": "liquidity_financing",
      "statement": "The Working Capital Facility declined by $41.2 million after a tranche expired, partly offset by new commitments.",
      "importance": "medium",
      "evidence": "The Working Capital Facility decreased by $ 41.2 million during the six-month period ended June 30, 2026, due to the scheduled expiration of one tranche of availability within the lender syndicate as partially offset by new commitments.",
      "source_date": "2026-08-10"
    },
    {
      "type": "tax",
      "statement": "The effective tax rate increased because geographic earnings mix changed and pre-tax income rose relative to tax-position adjustments.",
      "importance": "medium",
      "evidence": "The period-on-period increase in the effective tax rate is primarily driven by changes in geographic earnings mix, as well as higher pre-tax income relative to adjustments related to the Company’s uncertain tax positions and unrecognized tax benefits.",
      "source_date": "2026-08-10"
    },
    {
      "type": "dilution",
      "statement": "Diluted shares increased 3.5% in the latest annual period, creating a standing sensitivity for per-share results.",
      "importance": "medium",
      "evidence": "Diluted shares increased 3.5% in the latest annual period.",
      "source_date": "2026-08-10"
    }
  ],
  "related_tickers": [
    "NESR"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}