Company Quick10K Filing
National Energy Services Reunited
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 86 $750
20-F 2020-03-18 Annual: 2019-12-31
20-F 2019-03-12 Annual: 2018-12-31
10-Q 2018-05-14 Quarter: 2018-03-31
10-K 2018-03-27 Annual: 2017-12-31
10-Q 2017-11-14 Quarter: 2017-09-30
10-Q 2017-08-14 Quarter: 2017-06-30
10-Q 2017-06-26 Quarter: 2017-03-31
8-K 2018-06-25 Amend Bylaw, Exhibits
8-K 2018-06-19 Officers
8-K 2018-06-12 Enter Agreement, Off-BS Arrangement, Sale of Shares, Exhibits
8-K 2018-06-12 Enter Agreement, M&A, Off-BS Arrangement, Sale of Shares, Control, Officers, Shell Status, Other Events, Exhibits
8-K 2018-05-30 Officers
8-K 2018-05-23 Shareholder Vote
8-K 2018-05-08 Other Events, Exhibits
8-K 2018-04-30 Enter Agreement, Sale of Shares, Exhibits
8-K 2018-04-04 Regulation FD, Exhibits

National Energy Services Reunited Financials

NESR Metrics, Comps, Filings

Annual | Quarterly

Business

National Energy Services Reunited Corp. is a British Virgin Islands corporation headquartered in Houston, Texas. The Company, through its wholly-owned subsidiaries, NPS and GES, is a regional provider of products and services to the oil and gas industry in the Middle East and North Africa (“MENA”) and Asia Pacific (“APAC”) regions. Our principal executive offices are located at 777 Post Oak Blvd., Suite 730, Houston, Texas 77056 and our telephone number is +1 (832) 925 3777. Our registered agent in the British Virgin Islands is Intertrust Corporate Services (BVI) Limited, which is located at 171 Main Street, Road Town, Tortola, British Virgin Islands.

National Energy Services Reunited Corp. was a blank check company formed in the British Virgin Islands on January 23, 2017 for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation, purchasing all or substantially all of the assets of, entering into contractual arrangements, or engaging in any other similar business combination with one or more businesses or entities.

NESR filed a registration statement for its initial public offering on May 11, 2017, and on May 17, 2017, NESR sold 21,000,000 units, each consisting of one ordinary share and one warrant, generating gross proceeds of $210 million. Simultaneously with the closing of its initial public offering, NESR consummated the sale of 11,850,000 warrants (the “Private Warrants”) at a price of $0.50 per warrant in a private placement to its sponsor, NESR Holdings Ltd. (“NESR Holdings”), generating gross proceeds of $5.9 million. Each warrant entitles the holder to purchase one-half of one ordinary share. On May 30, 2017, in connection with the underwriters' election to partially exercise their over-allotment option, NESR consummated the sale of an additional 1,921,700 units at $10.00 per unit and the sale of an additional 768,680 Private Warrants at $0.50 per warrant, generating total gross proceeds of $19.6 million.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Helix Energy Solutions Group (HLX) 1,234 16% 7.8 1% 2,620 968 739 122 32 183 1,432
Frank's (FI) 1,162 4% 24.2 -6% 1,173 177 575 24 -66 42 1,003
SemGroup (SEMG) 930 27% 8.4 -0% 6,258 4,952 2,488 676 -5 383 3,201
C&J Energy Services (CJ) 824 19% -9.8 -24% 1,330 298 2,070 403 -313 -73 710
National Energy Services Reunited (NESR) 750 32.1 -3,182,254,400% 515 0 0 32 32 1,020
Keane Group (FRAC) 737 22% 3.0 1% 1,065 600 1,895 423 10 319 959
FTS International (FTSI) 630 24% 8.1 4% 722 664 1,031 250 27 116 943
Nine Energy Service (NINE) 519 23% 13.3 -4% 1,098 473 915 214 -40 68 902
Mammoth Energy Services (TUSK) 298 29% 0.9 14% 1,109 346 1,106 321 155 430 373
KLX Energy Services Holdings (KLXE) 237 17% 7.1 -0% 733 337 580 100 -2 54 387
Natural Gas Services (NGS) 207 0% 7.4 0% 305 42 70 0 1 24 177
Superior Energy Services (SPN) 191 25% -1.4 -42% 2,146 1,966 2,016 503 -891 -913 1,254
NCS Multistage (NCSM) 175 49% -0.9 -110% 204 48 205 101 -224 -195 181
Cypress Energy Partners (CELP) 132 13% 10.0 9% 170 116 375 50 15 21 210
Ranger Energy Services (RNGR) 67 0% 2.6 3% 318 116 340 0 11 51 130
Nuverra Environmental Solutions (NES) 63 0% 10.3 -10% 285 68 187 0 -27 9 93
Quintana Energy Services (QES) 54 0% 2.5 -7% 322 137 578 0 -24 29 73
Basic Energy Services (BAS) 51 23% 7.2 -18% 702 533 864 200 -129 44 314
Key Energy Services (KEG) 41 20% 25.2 -22% 404 474 97 -89 10 255
Recon Technology (RCON) 26 -2% -0.4 40% 122 35 -23 0 48 49 -20

Balance Sheet ($MM)2017-12-312018-12-31
Cash1
Accounts Receivable
Inventory
PP&E
Assets231
Accounts Payable
Long-Term Debt271
Liabilities12515
Stockholders' Equity55
Income Statement ($MM)2017-12-312018-12-31
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A
Tax
Net Income-3
Cash Flow ($MM)2017-12-312018-12-31
Cash Operating-1
Cash Investing-229
Cash Financing231