Quarterly ResultAug 6, 2026, 05:14 PM
DNOW Reports Q2 Net Loss $21M; Revenue $1.31B
AI Summary
DNOW Inc. reported a net loss of $21 million for Q2 2026, a significant decline from $14 million net income in Q2 2025. Revenue surged to $1.31 billion, up from $628 million in the prior year, primarily driven by the acquisition of MRC Global in November 2025. The company also recorded a $4 million impairment charge and saw an increase in long-term debt.
Key Highlights
- Q2 2026 net loss attributable to DNOW Inc. was $21 million, compared to $14 million net income in Q2 2025.
- Q2 2026 revenue increased to $1,307 million from $628 million in Q2 2025.
- H1 2026 net loss attributable to DNOW Inc. was $65 million, compared to $35 million net income in H1 2025.
- Basic EPS for Q2 2026 was $(0.11), down from $0.13 in Q2 2025.
- Company recorded a $4 million impairment charge in Q2 2026.
- Long-term debt increased to $474 million as of June 30, 2026, from $411 million.
- Repurchased $75 million of common stock in the first six months of 2026.
- Q2 2026 US Upstream revenue was $395 million, and US Gas Utilities revenue was $309 million.
Price Impact
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