NESR Sets Revenue Goal Near $2 Billion as $747 Million Facilities Agreement Takes Effect

National Energy Services Reunited Corp. (NESR) set a 2026 revenue goal near $2 billion and put a $747.1 million facilities agreement into effect, outlining its revenue target and credit capacity.

Management set the goal at approximately $2 billion, plus or minus, during the company’s Nov. 9 earnings call. Revenue for the first nine months of 2026 totaled $1.43 billion. The third-quarter results showed revenue of $504.7 million, a 70.9% increase from a year earlier.

NESR’s board declared a quarterly cash dividend of $0.10 per ordinary share on Nov. 6. The company disclosed the dividend with its results on Nov. 9. Shareholders of record Dec. 3 are due to receive payment Dec. 10. The first quarterly dividend follows a capital-return plan approved in May that also authorized up to $50 million in share repurchases.

The new facilities agreement took effect Oct. 29, ending NESR’s 2021 secured facilities agreement. It comprises $298.1 million in term loan facilities, a $5 million committed revolving credit facility and $444 million in uncommitted working-capital facilities. The combined amount represents aggregate facilities, rather than a stated amount of debt refinanced or borrowed.