Nov Inc Stock Price, News & Analysis

NOV (NYSE:NOV) announced that Clay Williams will retire and Jose Bayardo will become Chairman, President and CEO effective January 1, 2026. The Board said the change follows a rigorous succession plan intended to ensure leadership continuity.

Bayardo joined NOV in 2015, served as CFO, was promoted to President and COO earlier in 2025, and currently oversees global operations. Williams served at NOV for more than three decades and led as CEO for over a decade.

Armada and NOV (NYSE: NOV) announced a strategic collaboration on November 17, 2025 to deliver AI-powered edge solutions for industrial sites. The partners launched Beacon, a rugged compact edge device integrated with Armada Edge Platform (AEP) and OpsSafety AI, available as a turnkey solution via the Armada Marketplace.

Beacon targets remote, space-constrained environments such as offshore rigs and well sites, enabling local processing of sensor, video, and control data for predictive maintenance, safety monitoring, and operational optimization.

NOV (NYSE: NOV) reported Q3 2025 results: revenue $2.18B (down 1% YoY), net income $42M (-68% YoY, $0.11/share), and Adjusted EBITDA $258M (-10% YoY; 11.9% margin).

Bookings were $951M for a 141% book-to-bill; Energy Equipment backlog totaled $4.56B. Cash flow from operations was $352M and free cash flow $245M. The company returned $108M to shareholders and held $1.21B cash with $1.73B debt. Q4 guidance: revenues down 5–7% YoY and Adjusted EBITDA of $230–$260M.

NOV Inc. (NYSE: NOV) has scheduled its third quarter 2025 earnings conference call for Tuesday, October 28, 2025, at 10 a.m. Central Time. The company will release its quarterly results after market close on Monday, October 27, 2025. Investors can access the live webcast of the conference call through the company's investor relations website at www.nov.com/investors.

NOV (NYSE:NOV) announced that its Board of Directors has declared a regular quarterly cash dividend of $0.075 per share of common stock. The dividend will be paid on September 26, 2025, to stockholders of record as of September 12, 2025.

NOV Inc. (NYSE: NOV) reported Q2 2025 results with revenues of $2.19 billion, down 1% year-over-year but up 4% sequentially. Net income decreased 52% to $108 million ($0.29 per share), primarily due to comparison with Q2 2024's $130 million gain from a business sale. Adjusted EBITDA was $252 million, representing 11.5% of sales.

The company's Energy Equipment segment reported flat revenues of $1.21 billion, while Energy Products and Services segment revenues declined 2% to $1.03 billion. NOV returned $176 million to shareholders through share repurchases and dividends. The company expects Q3 2025 revenues to decline 1-3% year-over-year with Adjusted EBITDA between $230-250 million.

NOV Inc. (NYSE: NOV) has scheduled its second quarter 2025 earnings conference call for Tuesday, July 29, 2025, at 10 a.m. Central Time. The company will release its Q2 2025 financial results after market close on Monday, July 28, 2025. Investors and interested parties can access the live webcast of the earnings call through the company's investor relations website at www.nov.com/investors.

NOV (NYSE: NOV) has announced two dividend distributions: a regular quarterly cash dividend and a supplemental dividend. The regular quarterly dividend of $0.075 per share will be paid on June 27, 2025, to stockholders of record as of June 13, 2025. Additionally, as part of the company's 2024 return of capital plan, NOV declared a supplemental cash dividend of $0.21 per share, payable on June 13, 2025, to stockholders of record as of June 2, 2025.

Former senior executives of National Oilwell Varco (NYSE:NOV) have admitted to underpaying commissions owed to Enhanced Industrial Technologies (EIT) in a consulting agreement related to NOV's oil & gas separations business. The revelations are part of a fraud and breach-of-contract lawsuit where EIT is seeking $62 million in actual damages plus punitive damages.

Former President Larry Engel confirmed EIT should have been paid based on sales prices rather than costs, while former VP Lionel Boudreaux and Engineering Team Leader Mark Neuman acknowledged NOV reported only internal costs instead of required "sales value." Despite these admissions and the contract being over a decade old, NOV has not rectified the underpayments.