NESR reports $504.7 million quarterly revenue and a 10-cent dividend

Annual growth, sequential decline

NESR reported September-quarter revenue of $504.7 million on November 9, up 70.9% annually but down 3.1% from the second quarter. Net income was $34.3 million, up 93.5% annually and down 22.0% sequentially. Diluted EPS was $0.33.

Profit and cash flow differ

Adjusted EBITDA reached $95.9 million, up 49.9% annually and down 9.7% sequentially. Quarterly free cash flow was negative $45.9 million. Both are non-GAAP measures; the release provides reconciliations.

Dividend dates

The board declared $0.10 per ordinary share on November 6, payable December 10 to shareholders of record December 3. The release supplies no ex-dividend date.

NESR’s official website confirms its Nasdaq listing. The company serves Middle Eastern and North African energy operations; these figures describe the quarter ended September 30, not a full year.