NESR Overview

GeoSphere Capital Management's Investment: Florida-based GeoSphere Capital Management acquired 22,000 shares of Gulfport Energy Corporation, valued at approximately $4 million, representing a 3% shift in its reported assets under management.

Gulfport Energy's Performance: Gulfport Energy's stock has increased by 23% over the past year, significantly outperforming the S&P 500, with the company reporting strong financials including a net income of $111.4 million and plans for substantial stock buybacks.

Operational Momentum: Gulfport is experiencing operational growth, with an 11% increase in production and an expansion of its undeveloped inventory, which has attracted interest from investment firms like GeoSphere.

Market Context: The investment comes at a time when Gulfport is enhancing capital efficiency and prioritizing shareholder returns, indicating confidence in the company's future performance amid a disciplined approach in the energy sector.

GeoSphere Capital Management's Investment: GeoSphere Capital Management increased its stake in National Energy Services Reunited Corp. (NESR) by 481,228 shares in Q3, raising its total holdings to nearly 1.5 million shares valued at $15.3 million, making NESR the fund's largest position.

Performance of NESR: NESR shares have risen 67% over the past year, significantly outperforming the S&P 500, despite a year-over-year revenue decline; however, the company reported a sequential net income growth of 16.7%.

Future Outlook for NESR: The company is expected to benefit from major contract wins, including a significant award in Saudi Arabia, which could enhance its growth profile and earnings durability in the coming years.

Investment Strategy: GeoSphere's move to increase its NESR position indicates a focus on improving fundamentals rather than short-term momentum, suggesting confidence in the company's long-term prospects amidst a challenging operating environment.

Filing Overview: The disclosures are based on 13D filings with the SEC, which are required when an entity acquires more than 5% of a company's securities.

Reporting Requirements: Any subsequent changes in holdings or intentions must be reported through amended filings within a specified timeframe.

Timeframe of Disclosures: The material discussed pertains to filings made between November 20 and November 26, 2025.

Source of Information: The information is sourced from VerityData.