Company Overview - National Energy Services Reunited Corp. (NESR) is a leading provider of oilfield services with a strong presence in key energy-producing regions [5] - The company offers a comprehensive portfolio of services including hydraulic fracturing, coiled tubing, cementing, drilling, and evaluation services, as well as production assurance chemicals and water management solutions [8] - NESR generates revenue primarily through service contracts and equipment rentals for oil and gas companies operating in the Middle East, North Africa, and Asia Pacific regions [8] Financial Performance - As of September 30, NESR's market capitalization was $1.5 billion, with trailing twelve-month (TTM) revenue of $1.3 billion and net income of $70.2 million [4] - In the third quarter, NESR's net income rose 16.7% sequentially to $17.7 million, while adjusted EBITDA was $64 million with a 21.7% margin [11] - Despite a year-over-year decline in revenue, NESR has maintained profitability and management expects stronger operating cash flow in the fourth quarter as collections improve [11] Investment Insights - GeoSphere Capital Management increased its stake in NESR by 481,228 shares during the third quarter, bringing its total position to nearly 1.5 million shares valued at $15.3 million, making it the fund's largest holding [2][3][10] - NESR shares have appreciated 67% over the past year, significantly outperforming the S&P 500, which increased nearly 13% in the same period [3] - The company has highlighted major contract wins, including the significant Saudi Jafurah integrated frac award, which could enhance its growth profile over the coming years [9]