Mrc Global Stock Price, News & Analysis

MRC Global Inc. (historically traded on the New York Stock Exchange under the symbol MRC) was a Houston, Texas-based company that operated as a global distributor of pipe, valves and fittings (PVF) and other infrastructure products and services. According to multiple company disclosures, MRC Global focused on serving diversified end-markets, including gas utilities, downstream, industrial and energy transition (DIET), and production and transmission infrastructure (PTI) sectors. The company emphasized that it had over 100 years of experience and supported customers through a worldwide network of approximately 200 locations, including valve and engineering centers.

In its public communications, MRC Global described itself as a leading global distributor of PVF and infrastructure products, offering supply chain solutions, technical product expertise and a digital platform. The company highlighted an extensive quality assurance program and indicated that it offered approximately 200,000 stock-keeping units (SKUs) sourced from over 7,100 suppliers, serving more than 8,300 customers. These disclosures underscore MRC Global’s role as an intermediary between a large base of manufacturers and a broad mix of energy and industrial customers.

Business focus and end-markets

MRC Global’s business centered on distributing PVF and related infrastructure products to three primary sectors referenced in its earnings releases:

• Gas Utilities – described as primarily U.S.-based sales supporting gas utility infrastructure and related projects.
• Downstream, Industrial and Energy Transition (DIET) – serving downstream and industrial customers as well as energy transition-related projects.
• Production and Transmission Infrastructure (PTI) – serving upstream and midstream oil and gas customers, including production and transmission infrastructure.

Across these sectors, MRC Global’s reported sales were split between U.S. operations and an International segment. Company disclosures attribute PTI growth at various times to projects in regions such as the North Sea, the Middle East and Norway, while DIET activity has included projects such as wind energy and mining in certain international markets. Gas Utilities activity has been tied to infrastructure initiatives, construction projects and capital spending by gas utility customers.

Operations, footprint and capabilities

In its news releases, MRC Global stated that it operated a worldwide network of approximately 200 locations, including valve and engineering centers. The company reported that its quality assurance program covered around 200,000 SKUs from over 7,100 suppliers, simplifying the supply chain for more than 8,300 customers. It also highlighted a digital platform and described its offerings as supply chain solutions and technical product expertise, indicating a focus on both product availability and support services.

Within its U.S. operations, MRC Global reported sales across Gas Utilities, DIET and PTI sectors, often linking performance to factors such as customer capital budgets, project timing, upstream and midstream activity levels, and commodity prices. Internationally, the company pointed to PTI sector projects in the North Sea and the Middle East and DIET sector activity in areas such as wind energy projects in Norway and mining projects in Australia.

Corporate transformation and acquisition by DNOW

MRC Global underwent a significant corporate transformation in 2025. On June 26, 2025, DNOW Inc. (NYSE: DNOW) and MRC Global jointly announced a definitive merger agreement under which DNOW would acquire MRC Global in an all-stock transaction valued at approximately $1.5 billion, inclusive of MRC Global’s net debt. The companies stated that the combination would create a premier energy and industrial solutions provider with an expanded footprint of more than 350 service and distribution locations across more than 20 countries and approximately 5,000 team members, bringing together complementary products, services and supply chain solutions.

According to an MRC Global Form 8-K dated November 6, 2025, DNOW completed its previously announced acquisition of MRC Global and its subsidiaries on November 6, 2025. At the effective time of the first merger, each eligible share of MRC Global common stock was converted into the right to receive 0.9489 shares of DNOW common stock, with cash paid in lieu of fractional shares. Immediately following the first merger, MRC Global was merged into a DNOW subsidiary (Stag Merger Sub, LLC), which continued as a wholly owned direct subsidiary of DNOW.

Delisting and deregistration of MRC stock

In connection with the completion of the mergers, MRC Global notified the New York Stock Exchange that each eligible and outstanding share of its common stock had been converted into the right to receive DNOW shares and requested that the NYSE withdraw the listing of MRC Global common stock. The NYSE subsequently filed a Form 25 on November 6, 2025, to remove MRC Global common stock from listing and registration under Section 12(b) of the Securities Exchange Act of 1934. The Form 8-K filed on November 6, 2025, states that MRC Global common stock ceased trading prior to the opening of the market on November 6, 2025 and is no longer listed on the NYSE.

Following the acquisition, a Form 15 dated November 17, 2025, was filed by Stag Merger Sub, LLC, as successor in interest to MRC Global Inc., to terminate the registration of MRC Global’s common stock under Section 12(g) of the Exchange Act and to suspend its duty to file reports under Sections 13 and 15(d). This filing confirms that MRC Global’s reporting obligations as an independent public company have been suspended.

Status of the MRC ticker symbol

As a result of the completed acquisition by DNOW, the delisting from the NYSE via Form 25, and the subsequent Form 15 deregistration filing, MRC now represents a former ticker symbol associated with MRC Global Inc. The business formerly conducted by MRC Global is now part of DNOW’s consolidated operations, and investors seeking current information about the combined business must refer to DNOW Inc. and its public filings and disclosures.

FAQs about MRC Global (historical)

• What did MRC Global do?
  MRC Global was a global distributor of pipe, valves, fittings (PVF) and other infrastructure products and services. It served diversified end-markets including gas utilities, downstream, industrial and energy transition, and production and transmission infrastructure sectors, as described in its earnings releases and company "About" sections.
• Where was MRC Global headquartered?
  Company disclosures state that MRC Global was headquartered in Houston, Texas.
• Which sectors did MRC Global report in its financial results?
  MRC Global reported results across three primary sectors: Gas Utilities; Downstream, Industrial and Energy Transition (DIET); and Production and Transmission Infrastructure (PTI). These sectors were referenced throughout its 2025 quarterly results releases.
• On which exchange did MRC Global’s stock trade?
  MRC Global’s common stock was listed on the New York Stock Exchange under the symbol MRC, as indicated in multiple Form 8-K filings and company press releases.
• What happened to MRC Global as an independent company?
  According to a Form 8-K dated November 6, 2025, DNOW Inc. completed its acquisition of MRC Global and its subsidiaries through a series of mergers. MRC Global became part of a DNOW subsidiary (Stag Merger Sub, LLC), ending its status as an independent public company.
• Does MRC stock still trade?
  No. The November 6, 2025, Form 8-K and the NYSE Form 25 filed the same day state that MRC Global common stock ceased trading prior to the market open on November 6, 2025, and is no longer listed on the NYSE. A subsequent Form 15 filing on November 17, 2025, suspended MRC Global’s reporting obligations.
• What did MRC shareholders receive in the DNOW transaction?
  The November 6, 2025, Form 8-K reports that each eligible share of MRC Global common stock was converted into the right to receive 0.9489 shares of DNOW common stock, with cash paid in lieu of fractional shares, in accordance with the merger agreement.
• Who owns the former MRC Global business now?
  Following the mergers described in the November 6, 2025, Form 8-K, the former MRC Global business is owned indirectly by DNOW Inc., with Stag Merger Sub, LLC (a DNOW subsidiary) as the surviving company.
• Where can investors find current information about the combined business?
  After the acquisition and deregistration of MRC Global, current financial and operational information about the combined business is provided in DNOW Inc.’s public disclosures and SEC filings, as referenced in DNOW’s earnings releases and the merger-related communications.
• Is MRC Global considered a defunct public company?
  Based on the Form 25 delisting, the Form 15 deregistration, and the completed acquisition by DNOW, MRC Global no longer operates as a standalone public reporting company. Its former ticker symbol MRC is now of historical interest, and the underlying business is part of DNOW.