Stefan Angeli

Chief Financial Officer, National Energy Services Reunited Corp.

Search every verified Stefan Angeli interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Stefan Angeli, Chief Financial Officer at National Energy Services Reunited (NESR), participated in the company’s first quarter 2025 earnings call on May 7, 2025, where NESR reported revenue of $303.1 million, up 2.1% year-over-year, and adjusted EBITDA of $62.5 million, representing a 20.6% margin. During the call, Angeli was present alongside CEO Sherif Foda to discuss the company’s performance, which included securing contracts in Kuwait and Oman despite a Ramadan-related slowdown, as well as growth initiatives involving the Roya drilling platform and NEDA water treatment pilots. In the Q&A session, CEO Sherif Foda, with Angeli on the call, addressed market conditions, describing a "resetting of the cycle" in the Middle East. Foda noted that large, long-duration tenders may see less pricing discipline and that pricing could soften as capacity increases, drawing parallels to prior cycles. He also discussed the unconventional sector in Saudi Arabia, stating that activity is expected to continue declining through the second half of 2025, with potential rig pickups only in 2026 depending on global oil production needs. Regarding the NEDA water treatment initiative, Foda characterized it as creating a new market, highlighting the potential to convert produced water into usable resources in water-scarce regions, though he acknowledged the economic challenges involved.