The following is a summary of the National Energy Services Reunited Corp.'s (NESR) Q3 2024 Earnings Call Transcript:

Financial Performance:

• NESR reported Q3 2024 revenue of $336.2 million, a 12% increase year-over-year.

• Adjusted EBITDA reached a record $80 million with a margin of 23.8%.

• Year-to-date earnings per share of $0.75, up 164% over the previous year.

• Reduced net debt to EBITDA ratio to 0.96, significantly lower than the previous year's ratios of 2.8 and 1.47.

Business Progress:

• Continued focus on expanding core business segments, notably within drilling technologies, water management and decarbonization initiatives.

• Launched successful drilling operations using the ROYA directional drilling platform in Kuwait.

• Invested in SALTTECH BV for water desalination and mineral recovery technologies, aligning with circular economy principles.

Opportunities:

• MENA region presents consistent market activity, offering potential for rapid growth as geopolitical landscapes and operational opportunities evolve.

• Newly established contracts for directional drilling platforms in Kuwait, Saudi Arabia, and Oman present significant growth potential.

Risks:

• The macro environment reflects a cautious growth outlook, with geopolitical headwinds potentially affecting stability and expansion plans.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.