NESR shares surge 10.27% premarket on strong Q2 results

NESR National Energy Services Reunited Corp

$20.38 +4.25%

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1. 1National Energy Services Reunited (NESR) stock jumped 10.27% in premarket trading after second-quarter results topped expectations.
2. 2Adjusted EPS came in at $0.44, beating the consensus of $0.34, while revenue rose 59.1% year-over-year to $520.8 million.
3. 3The company posted record revenue and adjusted EBITDA on increased fracking, well testing, and wireline activity, while also significantly reducing net debt.

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