Nov. 19 at 6:30 PM
NESR just landed a transformative multi-billion-dollar win at Saudi Arabia’s Jafurah unconventional gas field.
🔹 Awarded 100% of the committed volume in the integrated frac contract at Jafurah, a core pillar of Saudi’s plan to boost natural gas output 80% by 2030
🔹 Proven performance moat: NESR set Jafurah records with 32 stages in a day / 644 in a month, scaling from 1 to 4 frac crews to capture both committed and potential incremental work
🔹 Jafurah underpins a sharp growth ramp, with NESR targeting an annualized
$2B revenue run rate by year-end 2026 and ~
$370M FY26 adjusted EBITDA on ~
$1.76B revenue
🔹 Strong free cash flow outlook could support cash returns to shareholders in 2H26, while
$2–3B of regional tenders (e.g., Libya, Kuwait) offer additional long-term upside beyond Jafurah
Join Jeffrey Robertson's fireside chat with CEO Sherif Foda and VP IR Blake Gendron on Dec 2, 2025 at 1:00 pm ET to dive deeper into the NESR growth story.
https://www.watertowerresearch.com/doc?docID=UR_NESR_11182025
$NESR