Quarterly ResultMay 7, 2026, 03:08 PM
DNOW Q1 Net Loss $(44)M; Revenue $1.18B
AI Summary
DNOW Inc. reported a net loss of $(44) million for the first quarter of 2026, a significant decline from a net income of $21 million in the prior year, resulting in a basic loss per share of $(0.24). Revenue for the quarter more than doubled to $1.18 billion, largely influenced by the acquisition of MRC Global in November 2025. The company also saw a substantial increase in long-term debt and share repurchases during the period.
Key Highlights
- Net loss attributable to DNOW Inc. was $(44) million in Q1 2026, compared to net income of $21 million in Q1 2025.
- Basic loss per share was $(0.24) in Q1 2026, down from earnings per share of $0.19 in Q1 2025.
- Revenue increased to $1.18 billion in Q1 2026, up from $599 million in Q1 2025.
- Operating loss was $(50) million in Q1 2026, a decrease from operating profit of $29 million in Q1 2025.
- Long-term debt rose to $571 million as of March 31, 2026, from $411 million at December 31, 2025.
- The company repurchased $50 million of common stock in Q1 2026, compared to $8 million in Q1 2025.
- United States segment revenue was $985 million, Canada $51 million, and International $147 million in Q1 2026.
Price Impact
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