Quarterly ResultMay 7, 2026, 03:11 PM
DNOW Reports Q1 Net Loss of $44M; Revenue Jumps to $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 period. Revenue, however, more than doubled to $1.18 billion, primarily driven by the acquisition of MRC Global in November 2025. The company also saw an increase in long-term debt and net cash used in operating activities, while increasing share repurchases.
Key Highlights
- Net loss attributable to DNOW Inc. was $44 million in Q1 2026, compared to a net income of $21 million in Q1 2025.
- Revenue increased to $1.18 billion in Q1 2026 from $599 million in Q1 2025, largely due to the MRC Global acquisition.
- Basic loss per share was $0.24 in Q1 2026, compared to earnings per share of $0.19 in Q1 2025.
- Operating loss was $50 million in Q1 2026, versus an operating profit of $29 million in Q1 2025.
- Net cash used in operating activities was $95 million in Q1 2026, up from $16 million in Q1 2025.
- Long-term debt increased 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, up from $8 million in Q1 2025.
- US segment revenue grew to $985 million in Q1 2026 from $474 million in Q1 2025.
Price Impact
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