Quarterly ResultApr 28, 2026, 01:56 PM

NOV Q1 Net Income $19M, down 74%; EPS $0.05; Revenue $2.05B

AI Summary

NOV Inc. reported a significant decline in its first-quarter 2026 financial results, with net income attributable to the Company falling 74% to $19 million, or $0.05 per diluted share. Revenue decreased 2.4% to $2.05 billion. The company also extended its revolving credit facility to September 2030 and declared a higher cash dividend of $0.09 per share.

Key Highlights

Q1 2026 Net Income attributable to Company was $19M, down 74% YoY.
Q1 2026 Diluted EPS was $0.05, a 73.7% decrease from $0.19 YoY.
Q1 2026 Revenue decreased 2.4% to $2.05B from $2.10B YoY.
Energy Products and Services revenue fell 10.1% to $873M.
Energy Equipment revenue increased 4.2% to $1.18B.
Net cash used in operating activities was $(26)M, compared to $135M provided YoY.
Cash dividends per share increased 20% to $0.09.
Revolving credit facility extended to September 2030, with $1.5B available.

View SEC Filing

NOV

Oil and Gas Field Machinery

NOV Inc.

Price Impact