NOV Inc.

NOV Inc. reported mixed financial results for the second quarter and first half of 2026. For Q2 2026, net income attributable to the company increased to $112 million, or $0.31 per share, on revenue of $2.134 billion. Operating profit saw a significant increase of 35% to $193 million. However, for the six months ended June 30, 2026, net income attributable to the company decreased to $131 million, or $0.36 per share, and net cash used in operating activities was $9 million, a substantial decline from the prior year. Cash dividends per share also decreased for the quarter.

NOV Inc. reported second quarter 2026 revenues of $2.13 billion, a 4% sequential increase, and net income of $112 million, or $0.31 per share. Adjusted EBITDA reached $283 million, benefiting from $40 million in tariff refunds. The company returned $127 million to shareholders through share repurchases and dividends, and secured significant new orders for offshore production equipment and digital solutions, indicating improving market fundamentals and a growing pipeline of opportunities.

NOV Inc. reported strong second quarter 2026 financial results, with revenues reaching $2.13 billion, a 4% sequential increase. Net income significantly improved to $112 million, or $0.31 per share, and Adjusted EBITDA rose to $283 million. The company returned $127 million to shareholders and provided a positive outlook for Q3 2026, expecting consolidated revenues to be flat to up 2% year-over-year and Adjusted EBITDA between $240 million and $270 million.

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.