NESR jumps after Q1 revenue, earnings beat estimates

NESR shares rose 10.9% in afternoon trading on May 14, 2026, after the oilfield services company reported first-quarter 2026 results that topped Wall Street expectations for revenue and profit. The company posted revenue of $404.6 million, up 33.5% from a year earlier and 9.8% above analyst forecasts. GAAP earnings were $0.23 a share, beating the $0.19 consensus estimate by more than 22%. Adjusted EBITDA was $76.67 million, 6.2% ahead of estimates. NESR, which serves oil and gas producers in the Middle East and North Africa, has gained 60.5% year to date. At $25.34 a share, the stock trades near its 52-week high of $26.36 reached in February 2026. The move follows broader strength in oilfield services after Baker Hughes, SLB and Liberty Oilfield Services also reported better-than-expected quarterly results.