SCHEDULE: FMR LLC Discloses 9.1% Stake in National Energy Services
Ownership Filing
FMR LLC and Abigail P. Johnson have reported a combined beneficial ownership of 9.1% of National Energy Services Reunited Corp's common stock as of March 31, 2026.
Summary
- FMR LLC and Abigail P. Johnson, through various entities, collectively beneficially own 9,177,042 shares of National Energy Services Reunited Corp's common stock.
- This represents a 9.1% ownership stake in the company as of March 31, 2026.
- FMR LLC is classified as an Investment Adviser (IA) and a Holding Company.
- Abigail P. Johnson is identified as an Insider (IN) and holds significant influence over FMR LLC.
- The filing is an amendment (Amendment No. 4) to a Schedule 13G.
- Select Energy Portfolio holds a 6.9% interest in the common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it primarily reports on ownership stakes and does not provide operational or financial performance updates.
Positives
- Significant institutional ownership by FMR LLC, indicating confidence from a major financial entity.
- Clear disclosure of beneficial ownership, promoting transparency for investors.
Negatives
- The filing does not contain specific financial performance data or operational updates, limiting the assessment of the company's current health.
Risks
- The concentration of ownership among a few entities could potentially influence corporate decisions.
- Dependence on the investment strategies and decisions of FMR LLC and Abigail P. Johnson.
Future Outlook
The filing does not contain any forward-looking statements or guidance from the company.
Management Comments
- FMR LLC and Abigail P. Johnson certify that the securities were acquired and are held in the ordinary course of business and were not acquired or held for the purpose of or with the effect of changing or influencing the control of the issuer.
Industry Context
StockSavvy.ai notes that this Schedule 13G filing indicates a significant institutional holding in the energy services sector, a market often characterized by substantial capital requirements and cyclical demand.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Shareholders' Voting Agreement | Members of the Johnson family and all other Series B shareholders of FMR LLC have entered into a shareholders' voting agreement to vote Series B voting common shares in accordance with the majority vote. | Not specified, but implied to be in effect. | Consolidates voting power among Series B shareholders, potentially influencing FMR LLC's governance and investment decisions. |
Stakeholder Impact
- Shareholders: Increased transparency regarding significant institutional ownership.
- Management: Potential influence from FMR LLC's investment decisions and voting power.
- Competitors: Awareness of a major financial player's stake in the energy services sector.
Next Steps
- Continued monitoring of FMR LLC's ownership stake and any potential changes.
- Further analysis of National Energy Services Reunited Corp's operational and financial performance in subsequent filings.
Key Dates
| Date | Description |
|---|---|
| 01/12/1998 | Securities and Exchange Commission Release No. 34-39538 referenced for disaggregation of beneficial ownership. |
| 04/13/2026 | Effective date of Power of Attorney for FMR LLC and Abigail P. Johnson. |
| 04/29/2026 | Date of Schedule 13G filing by FMR LLC referenced for Power of Attorney. |
| 03/31/2026 | Date of Event Which Requires Filing of this Statement (Reporting period end date). |
| 05/05/2026 | Date of joint filing agreement and signature date for FMR LLC and Abigail P. Johnson. |
Keywords
Schedule 13G, FMR LLC, Abigail P. Johnson, National Energy Services Reunited Corp, Beneficial Ownership, Common Stock, Investment Adviser, Holding Company, SEC Filing, Institutional Investor
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