National Energy Services Reunited Corp. (NESR) Financial Statements (2024 and earlier)

Company Profile

Business Address 777 POST OAK BLVD.
HOUSTON, TX 77056
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 1389 - Oil and Gas Field Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments741,0961,244,6891,394,04528,879
Cash and cash equivalents741,0961,244,6891,394,04528,879
Prepaid expense127,420154,938178,567 
Deferred costs    206,472
Total current assets:868,5161,399,6271,572,612235,351
Noncurrent Assets
Other undisclosed noncurrent assets230,554,024229,957,404229,424,710 
Total noncurrent assets:230,554,024229,957,404229,424,710 
TOTAL ASSETS:231,422,540231,357,031230,997,322235,351
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3,473,511325,69239,610 
Accrued liabilities  325,69239,610 
Other undisclosed accounts payable and accrued liabilities3,473,511   
Due to related parties98923,13110,00078,280
Other undisclosed current liabilities    137,815
Total current liabilities:3,474,500348,82349,610216,095
Noncurrent Liabilities
Liabilities, other than long-term debt9,022,2298,955,99310,586,615 
Deferred revenue and credits9,022,2298,955,99310,586,615 
Total noncurrent liabilities:9,022,2298,955,99310,586,615 
Total liabilities:12,496,7299,304,81610,636,225216,095
Temporary equity, carrying amount164,281,449163,841,000163,447,745 
Equity
Equity, attributable to parent54,644,36258,211,21556,913,35219,256
Common stock57,508,39357,948,84256,619,92725,000
Retained earnings (accumulated deficit)(2,864,031)262,373293,425(5,744)
Total equity:54,644,36258,211,21556,913,35219,256
TOTAL LIABILITIES AND EQUITY:231,422,540231,357,031230,997,322235,351

Income Statement (P&L) (USD)

3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
Operating expenses(3,658,319)(473,874)(76,853)(5,744)
Operating loss:(3,658,319)(473,874)(76,853)(5,744)
Loss from continuing operations:(3,658,319)(473,874)(76,853)(5,744)
Loss before gain (loss) on sale of properties:(3,658,319)(473,874)(76,853)(5,744)
Net loss:(3,658,319)(473,874)(76,853)(5,744)
Other undisclosed net income attributable to parent531,915442,822376,022 
Net income (loss) attributable to parent:(3,126,404)(31,052)299,169(5,744)
Preferred stock dividends and other adjustments1,533,557(393,309)  
Other undisclosed net loss available to common stockholders, basic (1,973,982)   
Net income (loss) available to common stockholders, diluted:(3,566,829)(424,361)299,169(5,744)

Comprehensive Income (USD)

3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
Net loss:(3,658,319)(473,874)(76,853)(5,744)
Comprehensive loss, net of tax, attributable to parent:(3,658,319)(473,874)(76,853)(5,744)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: