Shares of National Energy Services Reunited Corp. (NESR) tumbled 5.06% in pre-market trading on Tuesday following the company's release of its first-quarter 2025 financial results, which fell short of analyst expectations.

The oilfield services provider reported quarterly revenue of $303.1 million, representing a modest 2.11% increase from the same period last year. However, this figure significantly missed the analyst consensus estimate of $341.73 million by 11.30%. The company's adjusted earnings per share (EPS) came in at $0.14, falling short of the expected $0.20 by 30% and declining 6.67% from $0.15 in the year-ago quarter.

Despite the disappointing top and bottom-line results, National Energy Services Reunited did report some positive metrics. The company's net income for the quarter stood at $10.4 million, while adjusted EBITDA reached $62.5 million. Adjusted net income was reported at $13 million. These figures, while solid, were not enough to offset investor concerns about the missed revenue and EPS targets, leading to the sharp pre-market decline in the stock price.