Welcome to our dedicated page for Nov news (Ticker: NOV), a resource for investors and traders seeking the latest updates and insights on Nov stock.
NOV Inc. supplies technology-driven equipment, components and services for the global oil and gas industry. News about NOV centers on quarterly earnings, bookings, backlog, cash flow and capital returns, along with demand trends affecting its Energy Products and Services and Energy Equipment segments.
Company updates also cover drill pipe and connection technologies such as Grant Prideco and Delta connections, subsea flexible pipe manufacturing, offshore service and repair activity, supply-chain disruptions, dividend actions, and board governance changes.
NOV (NYSE: NOV) announced that its board of directors has declared a regular quarterly cash dividend of $0.09 per share on its common stock. The dividend is payable on September 25, 2026 to shareholders of record as of September 11, 2026.
NOV (NYSE: NOV) reported second quarter 2026 revenue of $2.13 billion, up 4% sequentially and down 2% year-over-year. Net income was $112 million, or $0.31 per diluted share. Operating profit rose to $193 million (9.0% margin), and adjusted EBITDA reached $283 million (13.3% of sales), including about $40 million of tariff refunds.
Energy Equipment revenue was $1.22 billion, with operating profit of $177 million and adjusted EBITDA of $200 million. Bookings were $474 million, a 74% book‑to‑bill, and backlog totaled $4.08 billion. Energy Products and Services revenue was $974 million, down 5% year-over-year, with operating profit of $85 million and adjusted EBITDA of $144 million.
NOV returned $127 million to shareholders via dividends and buybacks, recorded $17 million of pre‑tax Other Items, and ended June 30, 2026 with $1,706 million of total debt, $1.50 billion of revolver availability, and $1,164 million in cash. For third quarter 2026, management guides consolidated revenue flat to up 2% year-over-year and adjusted EBITDA of $240–270 million.
NOV (NYSE:NOV) scheduled its second quarter 2026 earnings conference call for Wednesday, July 29, 2026 at 10 a.m. Central Time. The company plans to release Q2 2026 financial results after the market closes on Tuesday, July 28, 2026, with a live webcast available at www.nov.com/investors.
NOV (NYSE:NOV) declared a regular quarterly cash dividend of $0.09 per share, payable June 26, 2026, to shareholders of record on June 12, 2026.
The Board also approved a supplemental $0.09 per share dividend under NOV’s 2025 return of capital plan, payable June 12, 2026 to holders of record on June 1, 2026.
NOV (NYSE: NOV) reported Q1 2026 revenues of $2.05 billion and net income of $19 million ($0.05/share). Adjusted EBITDA was $177 million and bookings totaled $520 million (book-to-bill 80%). The company returned $100 million to shareholders and provided Q2 guidance of a 4–6% revenue decline and $185–215 million Adjusted EBITDA.
Management cited Middle East disruptions that reduced revenue by an estimated $54 million and Adjusted EBITDA by $32 million, and announced multiple offshore, subsea, and CO2-treatment contracts and a Brazil plant expansion.
NOV (NYSE: NOV) said operational disruptions from the war in the Middle East will push Q1 2026 revenue and earnings below prior guidance.
The company currently expects Q1 2026 revenue of $2.05 billion, operating profit of $47 million, and Adjusted EBITDA of $177 million. The conflict reduced estimated revenue by $54 million and Adjusted EBITDA by $32 million. NOV will report full results after market close on April 27, 2026 and host a webcasted call on April 28, 2026.
NOV (NYSE:NOV) will roughly double subsea flexible pipe manufacturing capacity in Açu, Brazil via a $200 million expansion over the next three years, with new capacity expected online in late 2029. The plan adds approximately $50 million to NOV’s 2026 capital expenditure plan.
The expansion responds to sustained high utilization and a backlog into 2028, and positions NOV to commercialize a CO₂-resistant subsea flexible pipe for high-CO₂ applications while avoiding the cost of a greenfield build.
NOV (NYSE: NOV) appointed Sanjay Chowbey to its Board of Directors, effective March 17, 2026. Mr. Chowbey, current President & CEO of Kennametal (NYSE: KMT), brings more than 20 years of global manufacturing and operational leadership.
He will join NOV’s Audit Committee; the board now has nine directors, eight of whom are independent.
NOV (NYSE: NOV) will host a conference call to discuss first quarter 2026 results on Tuesday, April 28, 2026 at 10:00 a.m. Central Time. The company will issue results in a press release after market close on Monday, April 27, 2026. The call will be webcast live at the company investor website.
NOV (NYSE:NOV) said its Board approved a 20% increase to the regular quarterly cash dividend, raising it to $0.09 per share. The dividend is payable March 27, 2026 to holders of record as of March 13, 2026.