| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 2.1K | 2.4% |
| Total Income | 2.1K | 2.4% |
| Expenditure | 2.0K | 2.8% |
| PBT | 35.00 | 71.1% |
| Net Profit | 19.00 | 74.0% |
| OPM | 2.29% | 4.94pp |
| NPM | 0.93% | 2.54pp |
| EPS | 0.05 | 73.7% |
NOV Inc. Provides Q1 2026 Operational Update
15 Apr 2026 · 15 Apr, 6:57 pm
Summary
NOV Inc. announced that operational disruptions resulting from the war in the Middle East will cause first quarter 2026 revenue and earnings to be below prior guidance. The company expects to report revenues of $2.05 billion, operating profit of $47 million, and Adjusted EBITDA of $177 million. The conflict in the Middle East adversely impacted revenue by an estimated $54 million and Adjusted EBITDA by approximately $32 million. The company is actively managing the impact of the ongoing conflict, prioritizing the safety of their team.
Key Highlights
- 1
NOV Inc. expects first quarter 2026 revenue to be $2.05 billion due to operational disruptions.
- 2
The company anticipates reporting an operating profit of $47 million for Q1 2026.
- 3
Adjusted EBITDA for the first quarter of 2026 is expected to be $177 million.
- 4
Revenue was adversely impacted by an estimated $54 million due to the conflict in the Middle East.
- 5
Adjusted EBITDA was negatively affected by approximately $32 million due to the conflict in the Middle East.
Management Comments
Jose Bayardo
The conflict in the Middle East created significant safety and logistical challenges during the first quarter, which adversely impacted revenue by an estimated $54 million and Adjusted EBITDA by approximately $32 million. These challenges disproportionately affected quarter-end deliveries of capital equipment and products, including spare parts, in the region, while our more service-oriented offerings were less affected. Higher shipping and freight costs and reduced absorption in our manufacturing facilities further amplified decremental margins.
Jose Bayardo
Despite challenges in the Middle East, our business remains solid throughout the rest of the world, and we believe the conflict will increase the urgency to advance projects that promote energy security and diversification over the mid-to-longer-term.
Informational and educational content only. Not investment advice.