$20.990
+0.233 (+1.11%)At close
NOV News
NOV Events
Sees Q3 Adjusted EBITDA of $240M-$270M
Sees Q3 adjusted EBITDA $240M-$270M.
NOV Reports Q2 Revenue of $2.13B, Beating Expectations
Reports Q2 revenue $2.13B, consensus $2.08B. "NOV's Q2 results reflect outstanding execution by our team in a market that is demonstrating significantly improved underlying industry fundamentals," said Jose Bayardo, Chairman, President, and CEO. "During the second quarter, we were better able to navigate the continued logistical challenges in the Middle East, while our businesses benefited from improving demand in most major regions. While recent price volatility and geopolitical uncertainty continue to cause temporary disruptions and project deferrals, we are encouraged by a growing pipeline of capital equipment opportunities and improving short cycle activity across most markets. Additionally, it is becoming increasingly apparent that depleting inventories and significantly heightened focus on energy security, combined with a decade of constrained investments in the industry's asset base, is starting a synchronized global recovery that should drive meaningful demand for NOV's technology and equipment over the next several years."
NOV Declares Supplemental Cash Dividend of 9 Cents per Share
NOV declared a supplemental cash dividend of 9c per share of common stock alongside its regular 9c regular cash dividend as part of the company's 2025 return of capital plan. The supplemental dividend is payable on June 12 to each stockholder of record on June 1.
Management Expects Q2 2026 Revenue to Decline 4%-6%
For the second quarter of 2026 management expects year-over-year consolidated revenues to decline 4%-6%, consensus $2.09B, with adjusted EBITDA expected to be between $185M-$215M.
NOV Reports Q1 Revenue of $2.05B, Impacted by Middle East Conflict
Reports Q1 revenue $2.05B, consensus $2.05B. "The conflict in the Middle East created significant operational disruptions during the first quarter, but also reinforced and accelerated market trends that we believe will drive a meaningfully more constructive environment for NOV," said Jose Bayardo, Chairman, President and CEO. "The war's impact on logistics delayed quarter-end deliveries of equipment and spare parts, disrupted offshore service and repair activity, and increased operating costs in the region, resulting in an estimated impact of $54 million in revenue and $32 million in Adjusted EBITDA. Despite these challenges, our team did an outstanding job prioritizing safety and supporting our customers, and I want to thank them for their efforts under very difficult conditions. Outside of the Middle East, our business performed well, demonstrating the resilience of our diverse portfolio of equipment and technologies that enable the efficient development of energy resources around the world. While near-term disruptions are expected to persist in the second quarter, the market has shifted rapidly from what was expected to be an oversupplied environment to one that is now significantly undersupplied. We expect sustainably higher commodity prices, along with a renewed focus on energy security and diversification, to increase urgency across the industry. After a decade of limited investment, we believe the stage is set for a meaningful increase in activity and investment, driving a new capital equipment cycle. NOV is well positioned to support customers and benefit as that cycle develops."
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