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26 /100
COMPONENT-LIMITED
Score updated Oct 27, 2026

NESR — National Energy Services Reunited Corp. Dilution Risk Tracker

Track NESR dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of October 27, 2026, National Energy Services Reunited Corp. (NESR) has a DilutionWatch DilutionScore of 26/100, rated MEDIUM dilution risk. This is a component-limited score because one or more material inputs are unavailable or not applicable. National Energy Services Reunited Corp. has a market capitalization of $2.30B, 100.85M shares outstanding, 187 institutional holders tracked. Stored dilution-related fields include 35.54M outstanding warrants.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
20
💰Cash Runway—
📊 Float Risk
35
⚠️ Warrant Exposure
90
🔄 Convertible Debt
15

Dilution Forecast

⛈️
Warning
High probability of dilution event
model est. 30%
📜 Warrant Exercise model 60%
• Massive warrant overhang: 35% of shares outstanding
• Warrant risk score very high (90/100)
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Market Data

Market Cap$2.30B
Shares Outstanding100.85M
Float68.53M
Cash$174.99M
Debt$224.21M
Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

FieldCurrent ValueBasis
DilutionScore26/100DilutionWatch score record
Shares Outstanding100.85MVerified float table or market cache
Public Float68.53MVerified float table or market cache
Market Cap$2.30BMarket data cache
Cash RunwayNot applicable / unavailableDilutionWatch score inputs
Shelf CapacityNone in current score inputsSEC-derived dilution fields
ATM CapacityNone in current score inputsSEC-derived dilution fields
Outstanding Warrants35.54MSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 1.

Recent SEC source mix: XBRL 1.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

NESR SEC Filing Activity — Last 12 Months

Shares outstanding reported by NESR on the cover page of its latest 10-K/10-Q: 100.85M as of June 30, 2026.

DilutionWatch recorded 1 registration or prospectus document for NESR (the filings through which shares are offered) in the last 12 months. Full filing list on SEC EDGAR →

FormWhat it isFilingsMost recent
S-3shelf registration1May 26, 2026
8-Kcurrent report (material event)6Aug 10, 2026
10-Kannual report1Mar 06, 2026
10-Qquarterly report2Aug 10, 2026
DEF 14Aproxy statement1Mar 24, 2026
3initial insider ownership4May 15, 2026
5annual insider ownership15Sep 11, 2026

Institutional Holdings

QoQ: ↑ 8.4% shares (2026Q1 vs prior)
187 institutional holders · 64.38M shares
#1 FMR LLC 9.18M shares
#2 Encompass Capital Advisors LLC 4.26M shares
#3 BlackRock, Inc. 3.70M shares
+ 17 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest6.88M
Days to Cover2.1
% of Float10.0%
FINRA data as of Oct 15, 2026

Recent SEC Activity

xbrl XBRL WARRANT 2025-08-20
Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual NESR Dilution Snapshot

National Energy Services Reunited Corp. (NESR) has a DilutionScore of 26/100, rated Medium dilution risk. Score date: October 27, 2026.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

NESR's DilutionScore is currently 26/100 (Medium risk), with 1 score change tracked over 89 days. The score improved from 12/100 (Low risk).

Period Score Risk Level Duration
Sep 28 – Oct 27, 202626/100MEDIUM30 days
Jul 30 – Sep 27, 202612/100LOW59 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

NESR shares outstanding have increased 0.0% from 100.80M (May 2026) to 100.85M (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 27, 2026100.85M68.53M▲ 1.64%
May 19, 2026100.85M67.42M▲ 11.77%
May 16, 2026100.85M60.32M▲ 0.03%
May 12, 2026100.80M60.30M▲ 0.06%
May 09, 2026100.80M60.27M▼ 0.50%
May 03, 2026100.80M60.57M▲ 15.20%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

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Score Coverage Note