What National Energy Services Reunited (NESR)'s First HIROX Pilot Means For Shareholders

• Clean TeQ Water recently announced it secured a purchase order from National Energy Services Reunited for a containerised pilot plant using its proprietary HIROX® water treatment technology in NESR’s NEDA segment operations in the Middle East.
• This first HIROX® pilot within NESR’s portfolio is a meaningful step in testing scalable water management solutions that could broaden its sustainability-focused service offering to customers across the region.
• We’ll now examine how integrating HIROX® water treatment technology into NESR’s NEDA segment could influence its sustainability-led investment narrative.

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National Energy Services Reunited Investment Narrative Recap

To own NESR, you need to believe in its ability to convert long-term MENA oilfield contracts and new energy solutions into growing, relatively stable cash flows. The HIROX pilot is an early, modest proof point for the NEDA sustainability story, but it does not change that the near term still hinges on timely tender awards and project start ups, while concentrated NOC exposure and regional risk remain the core vulnerabilities.

The HIROX deployment sits neatly alongside NESR’s 2025–2026 guidance, which targets a meaningful step up in revenue run rate supported by new contracts and technology rollouts. While this single pilot will not move the needle financially, it aligns with management’s emphasis on expanding higher value, sustainability linked offerings that could supplement traditional oilfield services activity as tenders ramp and the backlog through 2030 matures.

Yet, investors should also be aware that concentrated exposure to a handful of MENA NOCs means that any contract delay or repricing could...

Read the full narrative on National Energy Services Reunited (it's free!)

National Energy Services Reunited's narrative projects $1.5 billion revenue and $168.6 million earnings by 2028. This requires 4.0% yearly revenue growth and a $95.6 million earnings increase from $73.0 million today.

Uncover how National Energy Services Reunited's forecasts yield a $19.80 fair value, a 35% upside to its current price.

Exploring Other Perspectives

Seven fair value estimates from the Simply Wall St Community span roughly US$3.87 to US$56.98 per share, highlighting very different expectations about NESR’s future. You can weigh these views against the company’s reliance on long dated MENA contracts and the execution of new technologies like HIROX to judge how resilient you think its performance could be.

Explore 7 other fair value estimates on National Energy Services Reunited - why the stock might be worth less than half the current price!

Build Your Own National Energy Services Reunited Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your National Energy Services Reunited research is our analysis highlighting 4 key rewards that could impact your investment decision.
• Our free National Energy Services Reunited research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate National Energy Services Reunited's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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