National Energy Services Reunited (NESR) saw its stock climb over 3% following its Q4 earnings report, which surpassed analyst expectations. The company reported a 20% year-over-year increase in revenue to $283 million and an adjusted EPS of $0.18, both exceeding forecasts. NESR also highlighted robust free cash flow generation and a significant reduction in net debt, improving its leverage ratio.
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National Energy Services Reunited climbs more than 3% after Q4 earnings beat
National Energy Services Reunited (NESR) saw its stock climb over 3% following its Q4 earnings report, which surpassed analyst expectations. The company reported a 20% year-over-year increase in revenue to $283 million and an adjusted EPS of $0.18, both exceeding forecasts. NESR also highlighted robust free cash flow generation and a significant reduction in net debt, improving its leverage ratio.