NOV Inc.

NOV Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.09 per share, payable on June 26, 2026, to stockholders of record on June 12, 2026. Additionally, the Board declared a supplemental cash dividend of $0.09 per share as part of the Company’s 2025 return of capital plan, payable on June 12, 2026, to stockholders of record on June 1, 2026.

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.

NOV Inc. reported Q1 2026 revenues of $2.05 billion, a 2% decrease year-over-year, with net income falling to $19 million, or $0.05 per share. Adjusted EBITDA decreased 30% to $177 million, primarily due to an estimated $54 million revenue and $32 million Adjusted EBITDA impact from the Middle East conflict. Despite disruptions, the company returned $100 million to shareholders and announced a 20% increase in its base dividend, while management expressed optimism for a new capital equipment cycle.

NOV Inc. reported first quarter 2026 revenues of $2.05 billion, a 2% decrease year-over-year, with net income falling to $19 million, or $0.05 per share. Adjusted EBITDA also decreased to $177 million. The company attributed significant operational disruptions and increased costs to the conflict in the Middle East, impacting revenue by an estimated $54 million and Adjusted EBITDA by $32 million. Despite these challenges, NOV returned $100 million to shareholders through share repurchases and dividends, and the CEO expressed optimism for a more constructive environment and a new capital equipment cycle due to market shifts and energy security focus. The company also secured several significant contracts for deepwater offshore production, rig reactivations, and CO2 treatment solutions.

NOV Inc. announced that operational disruptions caused by the war in the Middle East will lead to first quarter 2026 revenue and earnings falling below prior guidance. The company now expects to report preliminary unaudited revenues of $2.05 billion, operating profit of $47 million, and Adjusted EBITDA of $177 million for the quarter ended March 31, 2026.