NOV

It has been about a month since the last earnings report for Nov Inc. (NOV). Shares have added about 4.1% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Nov Inc. due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important drivers. NOV reported first-quarter 2026 adjusted earnings of 15 cents per share, which missed the Zacks Consensus Estimate of 17 cents. The bottom line also decreased 21% from the year-ago quarter’s 19 cents. The oil and gas equipment and services company’s total revenues of $2.05 billion beat the Zacks Consensus Estimate by 2 million but fell 2.4% from the year-ago quarter’s figure of $2.1 billion. The lower-than-expected quarterly earnings of the company were primarily attributable to conflict in the Middle East, which disrupted logistics, delayed deliveries and increased operational costs. In the first quarter, NOV repurchased approximately 3.5 million shares of common stock for a total of $67 million. The company also returned $33 million in dividends, resulting in a total of $100 million in capital to its shareholders during the quarter. Energy Products and Services: The unit reported first-quarter revenues of $897 million, which missed our estimate of $918 million. Additionally, the figure decreased from the prior-year quarter’s reported number by 9.6% due to reduced global activity and increased geopolitical tensions. Adjusted EBITDA of $96 million missed our estimate of $109 million and decreased from $145 million in the corresponding period of 2025. Energy Equipment: Revenues in this segment increased 3.8% year over year to $1.2 billion, beating our estimation by 0.7%. Adjusted EBITDA of $131 million decreased from the year-earlier quarter’s $165 million and missed our estimate of $145 million. A less favorable sales mix and higher costs from the Middle East disruptions contributed to the segment’s lower profitability. In the first quarter of 2026, the segment registered $520 million in new orders. Shipments from the backlog amounted to $650 million, resulting in a book-to-bill ratio of 80. As of March 31, 2026, the backlog for Energy Equipment capital orders was $4.2 billion, reflecting a $184 million decrease...

HOUSTON, May 21, 2026 (GLOBE NEWSWIRE) -- NOV Inc. (NYSE: NOV) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.09 per share of common stock, payable on June 26, 2026 to each stockholder of record on June 12, 2026. NOV also announced today that its Board of Directors declared a supplemental cash dividend of $0.09 per share of common stock as part of the Company’s 2025 return of capital plan. The supplemental dividend is payable on June 12, 2026 to each stockholder of record on June 1, 2026. About NOVNOV delivers technology-driven solutions to empower the global energy industry. For more than 160 years, NOV has pioneered innovations that enable its customers to safely and efficiently produce abundant energy while minimizing environmental impact. NOV powers the industry that powers the world. Cautionary Statement for the Purpose of the “Safe Harbor” Provisions of the Private Securities Litigation Reform Act of 1995Statements made in this press release that are forward-looking in nature are intended to be “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934 and may involve risks and uncertainties. These statements may differ materially from the actual future events or results. Readers are referred to documents filed by NOV with the Securities and Exchange Commission, including the Annual Report on Form 10-K, which identify significant risk factors which could cause actual results to differ from those contained in the forward-looking statements. These statements speak only as of the date of this document, and we undertake no obligation to update or revise the statements, except as may be required by law. Visit www.nov.com for more information. Source: NOV Inc. CONTACT:Amie D’AmbrosioDirector, Investor Relations(713) [email protected]

Diamondback Energy, Inc. FANG reported first-quarter 2026 adjusted earnings per share (EPS) of $4.23, which beat the Zacks Consensus Estimate of $3.55, driven by strong production. However, the company’s bottom line declined from the year-ago adjusted profit of $4.54. The underperformance was due to a 91.5% drop in the year-over-year realized natural gas prices. This Midland, TX-based oil and gas exploration and production company’s revenues of $4.2 billion increased 4.7% from the year-ago quarter and topped the Zacks Consensus Estimate by 10.6%, fueled primarily by higher sales of oil, natural gas and natural gas liquids, increased sales of purchased oil and higher revenues from other operating income. Diamondback Energy, Inc. price-consensus-eps-surprise-chart | Diamondback Energy, Inc. Quote In the first quarter of 2026, Diamondback Energy generated free cash flow of about $1.7 billion, while adjusted free cash flow stood at $1.74 billion. Over the same period, it bought back nearly 3.3 million common shares for roughly $548 million at an average price of $167.61 per share, excluding excise taxes. This included a $509 million transaction to repurchase 3 million shares from SGF FANG Holdings, LP. Overall, shareholder returns totaled approximately $859 million through a combination of share repurchases and the declared base dividend for the quarter, accounting for 50% of adjusted free cash flow. FANG’s board of directors approved a 5% increase to the company's base quarterly dividend, raising it to $1.10 per common share for the first quarter of 2026, payable on May 21, 2026, to stockholders of record on May 14. FANG’s production of oil and natural gas averaged 979,356 barrels of oil equivalent per day (BOE/d), comprising 53.2% oil. The figure was up 15.1% from the year-ago quarter and beat our estimate of 951,053.3 BOE/d. While crude and natural gas output increased 9.5% and 17.7% year over year, respectively, natural gas liquids volumes climbed 26.9%. The average realized oil price during the quarter was $73.47 per barrel, 3.5% higher than the year-ago realization of $70.95. The figure also beat our estimate of $51.71 per barrel. Meanwhile, the average realized natural gas price decreased to 18 cents per thousand cubic feet from $2.11 in the prior year. The figure was also below our estimate of $1.71. Overall, the upstream oil and gas company fetched $43....

Imperial Oil Limited IMO reported first-quarter 2026 adjusted earnings per share of $1.41, which missed the Zacks Consensus Estimate of $1.67 and decreased from the year-ago quarter’s $1.75 due to lower net income in the upstream segment and a lower average realized price for synthetic crude. Revenues of $9.1 billion missed the Zacks Consensus Estimate of $9.8 billion due to weak performance in both the Upstream and Downstream segments. However, the top line increased from the year-ago quarter’s level of $8.7 billion. Imperial Oil Limited price-consensus-eps-surprise-chart | Imperial Oil Limited Quote During the quarter, Imperial Oil returned C$350 million to its shareholders through dividend payments. On May 1, 2026, the Calgary-based integrated oil and gas company declared a quarterly dividend of 87 Canadian cents per share on its outstanding common shares, payable on July 1, 2026, to its shareholders of record as of June 4. Upstream: Revenues of C$4 billion decreased from the prior-year level of C$4.5 billion. The segment reported a net income of C$470 million compared with C$731 million in the year-ago quarter. The company recorded average upstream production of 419,000 gross oil-equivalent barrels per day (boe/d) in the first quarter, which increased from the prior-year level of 418,000 boe/d. However, the figure missed our expectation of 436,000 boe/d. IMO recorded total gross bitumen production at Kearl averaged 259,000 barrels per day (183,000 barrels Imperial Oil's share), up from 256,000 barrels per day (181,000 barrels Imperial Oil's share) in the first quarter of 2025. The company also posted gross bitumen production at Cold Lake, averaging 155,000 barrels per day (bpd), which was an increase from 154,000 bpd in the first quarter of 2025. IMO’s share of gross production from Syncrude averaged 72,000 bpd, down from 73,000 bpd in the first quarter of 2025. Lower volumes at Syncrude were caused by unplanned coker downtime. Bitumen price realizations totaled C$68.21 per barrel compared with C$75.31 in the year-ago period. IMO received an average realized price of C$96.13 per barrel for synthetic oil compared with the prior-year quarter’s C$98.79. For conventional crude oil, it received C$52.44 per barrel compared with C$48.70 in the corresponding period of 2025. Downstream: Revenues of C$13.9 billion decreased from the prior-year level of C$14 billio...

Northern Oil and Gas, Inc. NOG reported first-quarter 2026 adjusted earnings per share of 74 cents, which beat the Zacks Consensus Estimate of 71 cents. The outperformance reflects strong production. However, the bottom line declined from the year-ago adjusted profit of $1.33 due to weaker natural gas prices and a 77% increase in operating expenses. The Minnetonka, MN-based oil and gas exploration and production company reported oil and gas sales of $539.9 million, beating the Zacks Consensus Estimate of $511 million, supported by higher crude oil realizations. However, the top line decreased from the year-ago figure of $576.9 million. The year-over-year decline was mainly due to lower oil and gas sales during this quarter. Northern Oil and Gas, Inc. price-consensus-eps-surprise-chart | Northern Oil and Gas, Inc. Quote In February, NOG closed the joint Ohio Utica acquisition of upstream and midstream assets with an adjusted ownership split of 40% for $464.6 million, including the previously paid $58.8 million deposit. In March, NOG completed a common stock offering of 8.3 million shares of common stock, generating net proceeds of $227.9 million. Funds raised in the offering were applied to the outstanding borrowings on the company’s revolving credit facility. The first-quarter production increased 10% year over year to 148,303 barrels of oil equivalent per day (Boe/d). Additionally, the figure beat our estimate of 141,049 Boe/d. While oil volume totaled 73,567 Bod (a 6% decrease year over year), natural gas (and natural gas liquids) amounted to 448,444 thousand cubic feet per day (a 33% increase). Our model estimate for oil volume and natural gas production was pegged at 70,000 Bod and 411,400 thousand cubic feet per day, respectively. The average sales price for crude was $66.32 per barrel, indicating a 2% increase from the prior-year quarter’s level of $64.92. Moreover, the figure beat our expectation of $52.51 per barrel. The average realized natural gas price was $2.50 per thousand cubic feet compared with $3.86 in the year-earlier period. Our model estimate for the same was pinned at $4.58 per thousand cubic feet. Total operating expenses in the quarter rose to $660 million from $372.8 million in the year-ago period. This was mainly on account of a surge in production expenses, general and administrative expenses, impairment of oil and gas assets, and o...

Expand Energy Corporation EXE reported first-quarter 2026 adjusted earnings per share of $3.83, beating the Zacks Consensus Estimate of $3.69. The company’s bottom line increased from the year-ago adjusted profit of $2.02, fueled by strong production and higher natural gas price realization. Expand Energy’s ‘natural gas, oil and NGL’ revenues of $3.3 billion surpassed the Zacks Consensus Estimate of $3.1 billion. The top line was also higher than the year-ago figure of $2.3 billion. Expand Energy Corporation price-consensus-eps-surprise-chart | Expand Energy Corporation Quote During the first quarter of 2026, Expand Energy signed a 20-year Sales and Purchase Agreement (SPA) with Delfin FLNG Vessel 1 for about 1.15 million tons of LNG offtake per year, extending the company’s market reach to growing global demand centers. The company reported the average first-quarter daily production (comprising 93% natural gas) of 7,436 million cubic feet of gas equivalent (MMcfe/day), increasing 9.5% from the year-ago level of 6,788 MMcfe/day. The daily production levels surpassed the Zacks Consensus Estimate of 7,431 MMcfe/day. Natural gas volume for the period came in at 6,914 MMcfe/day, up 10.6% year over year. The consensus mark called for 6,864 MMcf/day of natural gas. EXE’s oil production was 15 thousand barrels per day (MBbl/d), while NGL output totaled 72 MBbl/d. The average sales price for natural gas during the first quarter was $4.92 per Mcf, up 37.4% from the prior-year realization of $3.58 per Mcf, and it was also above the consensus mark of $4.75. The average realized oil price was $64.37 per barrel compared with the consensus mark of $62. Meanwhile, the average realized NGL price was $25.49 per barrel, above the Zacks Consensus Estimate of$25.36. Total operating expenses in the quarter rose to $2.9 billion from the year-ago quarter’s $2.5 billion. This was mainly due to an increase in gathering, processing and transportation, exploration and marketing expenses. The company’s gathering, processing and transportation, exploration and marketing costs of $690 million, $14 million and $1.1 billion during the first quarter of 2026 rose from the year-ago levels of $563 million, $7 million and $919 million, respectively. In the first quarter, the company plans to pay its quarterly base dividend of 57.5 cents per share on June 04, 2026, to its shareholders of record...

NOV’s first quarter was marked by operational headwinds stemming from the ongoing conflict in the Middle East, which management cited as the primary driver of underperformance relative to profit expectations. Logistics constraints, higher freight costs, and shipment delays notably impacted both capital equipment and aftermarket operations, particularly in the final month of the quarter. CEO Jose Bayardo emphasized that most disruptions were timing-related, stating, “deliveries have now occurred and others have been delayed rather than canceled,” and highlighted the resilience of NOV’s global team in managing through the chaos. Management’s tone was cautious, openly acknowledging that the unpredictable supply chain and elevated operating costs weighed heavily on margins. Is now the time to buy NOV? Find out in our full research report (it’s free). Revenue: $2.05 billion vs analyst estimates of $2.06 billion (2.4% year-on-year decline, in line) Adjusted EPS: $0.11 vs analyst expectations of $0.15 (25.8% miss) Adjusted EBITDA: $177 million vs analyst estimates of $177.5 million (8.6% margin, in line) Operating Margin: 2.3%, down from 7.2% in the same quarter last year Other production: up 19% year on year Market Capitalization: $7.13 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Arun Jayaram (J.P. Morgan Securities) asked about growth prospects for the subsea flexible pipe business and the rationale for expanding capacity in Brazil. CEO Jose Bayardo explained that strong backlog and an upcoming replacement cycle in offshore Brazil, alongside global demand, justify the investment. Arun Jayaram (J.P. Morgan Securities) inquired about the expected impact of Middle East disruptions in the second quarter. Bayardo clarified that while some logistics challenges persist, the situation has improved, and the company assumes the Strait remains closed for Q2 planning. James Michael Rollyson (Raymond James) pressed for details on the breadth of the anticipated recovery and whether NOV could benefit from a more synchronized industry upcycle. Bayardo described an environment where “all eight cylinders” of NOV’s business cou...

Solaris Energy Infrastructure SEI posted first-quarter 2026 adjusted earnings of 44 cents per share, up 120% year over year and ahead of the Zacks Consensus Estimate by 69.2%. The oilfield equipment and mobile power solutions provider’s revenues were $196.2 million, up 55.3% from the year-ago quarter and above the consensus by 8.5%. Leasing revenues rose to $105.4 million, while service revenues were $90.9 million, reflecting higher scale across operations. By segment, Power Solutions revenues increased to $128.5 million, while Logistics Solutions delivered $67.7 million. The quarter reflected stronger activity in both businesses, with Power Solutions averaging about 910 MW of capacity earning revenues and Logistics running 104 fully utilized systems. Management also highlighted continued contracting momentum tied to behind-the-meter data center power demand. Net income was $32.1 million in the quarter. On a non-GAAP basis, adjusted EBITDA was $83.6 million, up from $46.9 million in the year-ago period, driven primarily by higher Power Solutions activity levels and a modest lift in Logistics profitability. Solaris Energy Infrastructure, Inc. price-consensus-eps-surprise-chart | Solaris Energy Infrastructure, Inc. Quote A central theme in the quarter was Solaris’ push toward longer-term behind-the-meter power arrangements for large technology customers. Subsequent to the quarter, on April 24, 2026, the company entered into an agreement to provide more than 600 MW of capacity, including balance of plant, for a 10-year term with a five-year extension option, with deployments expected to begin in late 2026 and scale through 2028. In its investor materials, Solaris framed its contracted power base as exceeding 2,000 MW across multi-year partnerships with global technology leaders and highlighted a pro forma fleet of 3.1 GW expected to be delivered by the end of 2029. Beyond just supplying power capacity, management highlighted a “turnkey” approach that includes not only generation but also supporting equipment and services. Recent long-term contracts cover a wider range of needs, such as distribution, storage and other infrastructure. This allows the company to invest more per project and potentially earn higher returns over the life of the contract. Supporting this outlook, SEI has a strong pipeline of additional projects worth roughly $800 million to over $1 bi...

NOV Inc. NOV reported first-quarter 2026 adjusted earnings of 15 cents per share, which missed the Zacks Consensus Estimate of 17 cents. The bottom line also decreased 21% from the year-ago quarter’s 19 cents. The oil and gas equipment and services company’s total revenues of $2.05 billion beat the Zacks Consensus Estimate by 2 million but fell 2.4% from the year-ago quarter’s figure of $2.1 billion. The lower-than-expected quarterly earnings of the company were primarily attributable to conflict in the Middle East, which disrupted logistics, delayed deliveries and increased operational costs. NOV Inc. price-consensus-eps-surprise-chart | NOV Inc. Quote In the first quarter, NOV repurchased approximately 3.5 million shares of common stock for a total of $67 million. The company also returned $33 million in dividends, resulting in a total of $100 million in capital to its shareholders during the quarter. Energy Products and Services: The unit reported first-quarter revenues of $897 million, which missed our estimate of $918 million. Additionally, the figure decreased from the prior-year quarter’s reported number by 9.6% due to reduced global activity and increased geopolitical tensions. Adjusted EBITDA of $96 million missed our estimate of $109 million and decreased from $145 million in the corresponding period of 2025. Energy Equipment: Revenues in this segment increased 3.8% year over year to $1.2 billion, beating our estimation by 0.7%. Adjusted EBITDA of $131 million decreased from the year-earlier quarter’s $165 million and missed our estimate of $145 million. A less favorable sales mix and higher costs from the Middle East disruptions contributed to the segment’s lower profitability. In the first quarter of 2026, the segment registered $520 million in new orders. Shipments from the backlog amounted to $650 million, resulting in a book-to-bill ratio of 80. As of March 31, 2026, the backlog for Energy Equipment capital orders was $4.2 billion, reflecting a $184 million decrease from the prior year. As of March 31, the company had cash and cash equivalents of $1.3 billion and long-term debt of $1.7 billion with a debt-to-capitalization of 21.2%. NOV had $1.5 billion available on its primary revolving credit facility during the same time. This Zacks Rank #3 (Hold) company generated a negative operating cash flow of $26 million and a negative free cash flow...

This article first appeared on GuruFocus. Revenue: $2.05 billion for Q1 2026. Net Income: $19 million or $0.05 per fully diluted share. Adjusted EBITDA: $177 million. Impact of Middle East Conflict: Estimated negative impact of $54 million on revenue and $32 million on EBITDA. Energy Equipment Segment Revenue: $1.19 billion, up 4% year-over-year. Energy Products & Services Segment Revenue: $897 million, down 10% year-over-year. Bookings in Energy Equipment Segment: $520 million with a book-to-bill ratio of 80%. Capital Expenditures: Expected between $340 million and $370 million for the year. Share Repurchases: 3.5 million shares for $67 million during the quarter. Dividends Paid: $33 million, reflecting a 20% increase in the quarterly dividend. Revolving Credit Facility: Extended by 1 year through 2030. Warning! GuruFocus has detected 1 Warning Sign with CR. Is NOV fairly valued? Test your thesis with our free DCF calculator. Release Date: April 28, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. NOV Inc (NYSE:NOV) achieved its lowest ever total recordable incident rate and lost time incident rate during the quarter, reflecting strong HSE performance. The company reported strong bookings in its Energy Equipment segment, with orders improving by $83 million year-over-year, marking the strongest first quarter order intake since 2019. Despite disruptions, NOV's subsea flexible pipe business achieved record quarterly EBITDA for the third consecutive quarter, driven by strong operational execution. The company is expanding its subsea flexible pipe manufacturing facility in Brazil with a $200 million investment, addressing a developing capacity shortfall in the industry. NOV Inc (NYSE:NOV) has reduced global headcount by 8% and exited over 40 facilities, streamlining operations and improving efficiency. The conflict in the Middle East negatively impacted NOV's revenue by approximately $54 million and EBITDA by $32 million, affecting quarter-end deliveries. Supply chain constraints and increased freight costs due to rerouted shipments significantly impacted manufacturing throughput and increased operating costs. The company's aftermarket operations faced challenges in getting spare parts into the region, with safety concerns affecting customer willingness to accept orders. First quarter margins were negativ...

Middle East conflict weighed on Q1 results: NOV reported revenue of $2.05 billion and net income of $19 million ($0.05/sh) with adjusted EBITDA of $177 million, and said the conflict cost about $54 million of revenue and $32 million of EBITDA due to severe logistics delays and freight costs that spiked “three to four times.” Energy Equipment was a bright spot—Q1 revenue rose 4% to $1.19 billion, backlog ended at $4.23 billion with a book-to-bill of 80%, subsea flexible pipe posted record quarterly EBITDA for the third straight quarter, and NOV approved a $200 million Brazil expansion to address anticipated capacity shortfalls. Management is driving cost actions (including an 8% global headcount reduction, 40+ facility exits and a new service center in Kochi) and expects these measures to offset tariffs/inflation in H2 2026, while returning capital via $67 million of buybacks, a 20% dividend increase plus a planned supplemental dividend; 2026 capex is guided to $340–370 million and NOV has filed to recover roughly $40 million of IEEPA tariffs. Interested in NOV Inc.? Here are five stocks we like better. 7 Short Squeeze Stocks to Look Into for Your Portfolio NOV (NYSE:NOV) reported first-quarter 2026 revenue of $2.05 billion and net income of $19 million, or $0.05 per fully diluted share, as the company navigated significant disruption tied to conflict in the Middle East. On the call, executives said the situation constrained logistics, delayed deliveries, and raised costs—particularly for capital equipment and aftermarket operations—though they emphasized that much of the impact was timing-related rather than lost business. Chairman, President and CEO Jose Bayardo said the quarter unfolded against a “rapidly changing backdrop” due to the conflict, thanking employees in the region for supporting customers “in a very chaotic environment.” Bayardo said NOV achieved its “lowest ever total recordable incident rate and lost time incident rate” during the quarter. → Homebuilder Earnings: D.R. Horton Sticks Out as Pulte & NVR Sales Tank These Stocks have the Potential for a Triple Digit Increase Financially, Bayardo said NOV generated adjusted EBITDA of $177 million in Q1. The company estimated the conflict negatively impacted revenue by about $54 million and EBITDA by about $32 million, largely due to constrained movement of goods, limited access to customer sites,...

Image source: The Motley Fool. Tuesday, April 28, 2026 at 11 a.m. ET Senior Vice President & Chief Financial Officer — Jose A. Bayardo Senior Vice President & Chief Administrative Officer — Rodney C. Reed Operator Need a quote from a Motley Fool analyst? Email [email protected] On a U.S. GAAP basis, for the first quarter of 2026, NOV Inc. reported revenues of $2.05 billion and net income of $19 million, or $0.05 per fully diluted share. Our use of the term EBITDA throughout this morning’s call corresponds with the term EBITDA as defined in our earnings release. Later in the call, we will host a question-and-answer session. Please limit yourself to one question and one follow-up to permit more participation. Now let me turn the call over to Jose. Jose A. Bayardo: Thank you, Amie. Good morning, everyone, and thank you for joining us. The first quarter of 2026 unfolded against a rapidly changing backdrop due to the conflict in the Middle East, and I would like to start by thanking our team, particularly those in the region, for keeping each other safe while doing everything possible to support our customers in a very chaotic environment. Despite the disruption, NOV Inc. achieved its lowest ever total recordable incident rate and lost time incident rate during the quarter. As I mentioned on our last call, HSE performance reflects pride, accountability and ownership in operations, which translates into higher quality, reduced downtime and better service for our customers. The actions of our people and the results they achieved demonstrate how deeply these values are embedded in our culture. Turning to our financial results, NOV Inc. generated revenue of $2.05 billion and adjusted EBITDA of $177 million during the first quarter of 2026. As previously disclosed, we estimate that the conflict in the Middle East negatively impacted revenue by approximately $54 million and EBITDA by $32 million. Bookings in our Energy Equipment segment for the quarter totaled $520 million; while this resulted in a book-to-bill of 80%, orders improved by $83 million year over year and represented our strongest first quarter order intake since 2019. We also had strong bookings in our fiberglass and drill pipe businesses within our Energy Products and Services segment where we do not report book-to-bill and backlog figures. As the conflict escalated during the quarter, the most pronounced impa...