NOV

SLB (NYSE:SLB) is scheduled to report its earnings on Friday, October 23, 2026. The company has a market value of about $76.1 billion. Over the last twelve months it generated $36.4 billion in revenue and $5.0 billion in operating profit, with net income of $3.1 billion. How the stock moves after the release will depend on how the results and outlook compare with expectations. What history can offer is the base rate: how often, and how far, the stock has moved after past reports. See the earnings reaction history of all stocks SLB's Historical Odds Of A Positive Post-Earnings Return Some observations on one-day (1D) post-earnings returns, measured from the last close before each release: - There are 19 earnings releases in the last five years, with 8 positive and 11 negative one-day (1D) returns. Positive 1D returns were seen 42% of the time. - Over the last three years that share rises to 45%, across 11 releases. - The median of the 8 positive 1D returns is 3.4%, and the median of the 11 negative ones is -2.1%. - The largest one-day reactions were 11.0% and -4.7%. The table below shows the 1D, 5-day (5D) and 21-day (21D) returns after each release, followed by summary statistics. Earnings Date | 1D | 5D | 21D 7/24/2026 | 11.0% | 3.6% | 14.1% 4/24/2026 | 2.6% | 3.9% | 4.6% 1/23/2026 | -0.3% | -1.8% | 4.5% 10/17/2025 | -0.9% | 9.4% | 12.2% 7/18/2025 | -3.9% | 1.6% | -4.8% 4/25/2025 | -1.2% | -3.4% | -3.6% 1/17/2025 | 6.1% | 2.8% | 4.5% 10/18/2024 | -4.7% | -6.2% | -1.8% 7/19/2024 | 1.9% | -1.0% | -8.1% 4/19/2024 | -2.1% | -2.9% | -4.6% 1/19/2024 | 2.2% | 8.1% | 0.6% 10/20/2023 | -2.9% | -6.8% | -11.9% 7/21/2023 | -2.2% | -0.4% | 1.3% 4/21/2023 | -4.2% | -7.7% | -12.9% 1/20/2023 | -0.1% | 0.2% | -6.6% 10/21/2022 | 10.3% | 13.1% | 17.0% 7/22/2022 | 4.3% | 6.2% | 10.4% 4/22/2022 | 2.5% | -1.3% | 1.2% 1/21/2022 | -1.9% | 4.9% | 8.9% Statistic | 1D | 5D | 21D # Positive | 8 | 10 | 11 # Negative | 11 | 9 | 8 Median Positive | 3.4% | 4.4% | 4.6% Median Negative | -2.1% | -2.9% | -5.7% Max Positive | 11.0% | 13.1% | 17.0% Max Negative | -4.7% | -7.7% | -12.9% Correlation Between 1D, 5D, And 21D Post-Earnings Returns Another approach is to wait for the initial reaction and see whether it continues. The table below shows the correlation between the 1D return and the return over the following 5 and 21 trading days, and between the 5D return and the following 21 trading days. A value near 1 means the first move has tended to continue; near -1, to reverse; near 0, no consistent pattern. None of the five-year correlations are strong enough to trade on: all are below 0.40 in absolute terms. Over three years, the 1D vs next 5D figure is -0.48, a modest tendency to reverse, but that rests on only 11 releases. So the early post-earnings move has not reliably predicted what followed. History | 1D vs next 5D | 1D vs next 21D | 5D vs next 21D 5 Years | -0.26 | 0.19 | 0.05 3 Years | -0.48 | -0.09 | -0.12 An earnings release can move one stock sharply in either direction. A diversified portfolio spreads that risk. The Trefis High Quality (HQ) Portfolio holds about 30 quality businesses, re-balanced with rules, and has a track record of outperforming a benchmark that combines the S&P 500, the S&P MidCap 400, and the Russell 2000.

As the Q2 earnings season wraps, let’s dig into this quarter’s best and worst performers in the oilfield services industry, including NOV (NYSE:NOV) and its peers. Oilfield services companies provide equipment, technology, and services enabling exploration and production activities, including drilling, completion, well intervention, and reservoir evaluation. Their fortunes closely track upstream capital spending cycles. Tailwinds include increased drilling activity during favorable commodity environments, demand for efficiency-enhancing technologies, and growing offshore and unconventional resource development. Headwinds include significant revenue volatility tied to oil and gas price swings and producer spending discipline. Intense competition pressures pricing and margins, while the energy transition may structurally reduce long-term demand. Workforce availability and technological disruption require continuous adaptation. The 25 oilfield services stocks we track reported a very strong Q2. As a group, revenues beat analysts’ consensus estimates by 4.6%. Thankfully, share prices of the companies have been resilient as they are up 6.5% on average since the latest earnings results. With roots stretching back to 1862 when it began making equipment for early oil fields, NOV (NYSE:NOV) manufactures drilling rigs, drill bits, pumps, and other equipment used to drill oil and gas wells. NOV reported revenues of $2.13 billion, down 2.5% year on year. This print exceeded analysts’ expectations by 2.4%. Overall, it was a stunning quarter for the company with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates. “NOV’s second quarter results reflect outstanding execution by our team in a market that is demonstrating significantly improved underlying industry fundamentals,” said Jose Bayardo, Chairman, President, and CEO. Interestingly, the stock is up 3.4% since reporting and currently trades at $20.49. Is now the time to buy NOV? Access our full analysis of the earnings results here, it’s free. Operating the world's largest fleet of offshore drilling rigs across six continents, Valaris (NYSE:VAL) provides offshore drilling rigs and crews to oil and gas companies exploring and producing in deep waters and shallow seas. Valaris reported revenues of $539.2 million, down 12.4% year on year, outperforming analysts’ expectations by 8%. The business had an incredible quarter with a beat of analysts’ EPS estimates. The market seems happy with the results as the stock is up 5.6% since reporting. It currently trades at $81.26. Is now the time to buy Valaris? Access our full analysis of the earnings results here, it’s free. Operating exclusively in the Permian Basin—one of America's most prolific oil-producing regions—ProPetro (NYSE:PUMP) provides hydraulic fracturing services that pump high-pressure fluid and sand into oil wells to release trapped hydrocarbons. ProPetro reported revenues of $305.8 million, down 6.2% year on year, falling short of analysts’ expectations by 1.6%. It was a disappointing quarter as it posted a significant miss of analysts’ EBITDA estimates and a significant miss of analysts’ EPS estimates. As expected, the stock is down 1.3% since the results and currently trades at $10.52. Read our full analysis of ProPetro’s results here. Operating primarily in the Permian Basin with 10 hydraulic fracturing fleets, RPC (NYSE:RES) provides specialized services and equipment like hydraulic fracturing, coiled tubing, and cementing to help oil and gas companies complete and maintain wells. RPC reported revenues of $460.9 million, up 9.5% year on year. This result surpassed analysts’ expectations by 1.1%. It was a stunning quarter as it also recorded a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates. The stock is up 19.4% since reporting and currently trades at $6.12. Read our full, actionable report on RPC here, it’s free. Operating the largest fleet of super-spec rigs in North America with technology that can drill horizontal wells over two miles long, Helmerich & Payne (NYSE:HP) provides drilling rigs and crews to oil and gas companies that need wells drilled to extract hydrocarbons from underground. Helmerich & Payne reported revenues of $1.03 billion, flat year on year. This print beat analysts’ expectations by 5.4%. Overall, it was a strong quarter as it also put up a solid beat of analysts’ EBITDA estimates. The stock is up 28.1% since reporting and currently trades at $42.63. Read our full, actionable report on Helmerich & Payne here, it’s free. Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership. Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products. By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. 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It has been about a month since the last earnings report for USA Compression Partners (USAC). Shares have added about 6.9% in that time frame, outperforming the S&P 500. But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is USA Compression 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 most recent earnings report in order to get a better handle on the important drivers. USA Compression Partners reported second-quarter 2026 adjusted net profit of 31 cents per common unit, beating the Zacks Consensus Estimate of 24 cents. The metric improved from the year-ago quarter’s net profit of 22 cents per common unit, driven by a year-over-year increase in revenue-generating capacity. The largest independent provider of natural gas compression services generated revenues of $342.1 million, improving 36.8% from the year-ago quarter’s level and beating the Zacks Consensus Estimate by 0.7%. This growth was aided by higher contract operations revenues and higher revenues from the sale of parts and services. USAC’s contract operations revenues were $304.9 million, up 34% year over year, driven primarily by the addition of J-W's horsepower and average revenue per revenue-generating horsepower. Parts and service revenues were $22.1 million, reflecting the manufacturing and aftermarket services activity that J-W brought to the platform. The Dallas, TX-based oil and gas equipment and services company’s adjusted EBITDA increased 29.2% to $193.2 million from $149.5 million in the prior-year quarter. Distributable cash flow rose to $125.3 million from $89.9 million in the year-ago period. The company reported net income of $45.7 million compared with $28.6 million in the year-ago quarter. USAC reported net operating cash flow of $145.7 million in the second quarter, up from the prior-year quarter’s $124.2 million. The company’s revenue-generating capacity increased year over year to 4.45 million horsepower from 3.55 million horsepower. Moreover, the figure exceeded our estimate of 4.26 million horsepower. Adjusted gross operating margin of 63.5% marked a decrease from the year-ago period’s 65.4%. Further, the average monthly revenue per horsepower rose to $22.84 from $21.31 in the second quarter of 2025. However, the figure missed our estimate of $24.20 million average monthly revenue per horsepower. USA Compression’s average quarterly horsepower utilization rate was 92%, down from the year-ago quarter’s 94.4%. USA Compression’s distributable cash flow available to limited partners totaled $125.3 million, providing 1.65x distribution coverage, up from the year-ago level of 1.4x. The company reported $241.8 million in costs and expenses, up from $173.5 million in the year-ago quarter. It spent $46.8 million on growth capex. Maintenance capex amounted to $16.9 million. As of June 30, 2026, USA Compression had net long-term debt of $2.9 billion. The partnership had $536.9 million of remaining unused availability under its revolving credit facility. USA Compression reaffirmed its full-year 2026 outlook. The company expects adjusted EBITDA to be between $770 million and $800 million. It also expects distributable cash flow to range from $480 million to $510 million, expansion capital expenditures to be between $230 million and $250 million, and maintenance capital expenditures to total in the band of $60 million to $70 million. In the past month, investors have witnessed a downward trend in estimates review. The consensus estimate has shifted 12% due to these changes. Currently, USA Compression has a nice Growth Score of B, however its Momentum Score is doing a bit better with an A. However, the stock has a score of C on the value side, putting it in the middle 20% for value investors. Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of these revisions looks promising. Interestingly, USA Compression has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. USA Compression is part of the Zacks Oil and Gas - Mechanical and and Equipment industry. Over the past month, Nov Inc. (NOV), a stock from the same industry, has gained 11.3%. The company reported its results for the quarter ended June 2026 more than a month ago. Nov Inc. reported revenues of $2.13 billion in the last reported quarter, representing a year-over-year change of -2.5%. EPS of $0.31 for the same period compares with $0.29 a year ago. For the current quarter, Nov Inc. is expected to post earnings of $0.24 per share, indicating a change of +118.2% from the year-ago quarter. The Zacks Consensus Estimate has changed -4.1% over the last 30 days. The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Nov Inc.. Also, the stock has a VGM Score of B. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report USA Compression Partners, LP (USAC) : Free Stock Analysis Report NOV Inc. (NOV) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

NOV Inc. recently reported second-quarter 2026 adjusted earnings of US$0.31 per share, above analyst expectations, driven by strong Energy Equipment performance, offshore contract wins, and wider adoption of its proprietary technologies. The Board also declared a regular quarterly cash dividend of US$0.09 per share, underscoring the company’s willingness to return cash to shareholders alongside its operational momentum. We’ll now examine how NOV’s earnings beat, supported by offshore contract wins, may influence the company’s existing investment narrative and risk balance. Invest in the nuclear renaissance through our list of 92 elite nuclear energy infrastructure plays powering the global AI revolution. NOV’s story still rests on investors believing that offshore and international activity can support its Energy Equipment franchise while the company works to improve margins from relatively low levels. The Q2 earnings beat and solid offshore wins support that near term catalyst, but they do not fully resolve key risks around pricing pressure, order volatility and exposure to structurally weaker North American land spending. The most relevant recent announcement here is the Board’s decision to maintain the regular US$0.09 quarterly dividend. Alongside ongoing share repurchases, this signals that management is comfortable continuing capital returns even as profit margins remain thin and earnings have been affected by one off items, which directly intersects with the risk that rising costs and lower pricing power could strain cash generation. Yet against that, investors should still keep a close eye on how persistent tariffs and cost inflation could quietly reshape NOV’s risk profile over the next few years... Read the full narrative on NOV (it's free!) NOV's narrative projects $9.6 billion revenue and $540.4 million earnings by 2029. This requires 3.5% yearly revenue growth and about a $445 million earnings increase from $95.0 million today. Uncover how NOV's forecasts yield a $22.08 fair value, a 5% upside to its current price. Before this earnings beat, the most optimistic analysts were already expecting revenues near US$9.9 billion and earnings around US$651 million, which is far more upbeat than consensus and may look either more achievable or more stretched depending on how you view the risks around accelerating renewables, regulation and long term oilfield demand. Explore 3 other fair value estimates on NOV - why the stock might be worth as much as 59% more than the current price! Don't just follow the ticker - dig into the data and build a conviction that's truly your own. A great starting point for your NOV research is our analysis highlighting 2 key rewards and 3 important warning signs that could impact your investment decision. Our free NOV research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate NOV's overall financial health at a glance. These stocks are moving-our analysis flagged them today. Act fast before the price catches up: Uncover the next big thing with 22 elite penny stocks that balance risk and reward. The latest GPUs need a type of rare earth metal called Dysprosium and there are only 30 companies in the world exploring or producing it. Find the list for free. The future of work is here. Discover the 38 top robotics and automation stocks leading the charge in AI-driven automation and industrial transformation. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NOV. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

NOV (NOV) declared a regular quarterly cash dividend of $0.09 per share, with shareholders of record on September 11, 2026, set to receive payment on September 25, 2026. The dividend decision comes after NOV reported second quarter 2026 adjusted earnings that exceeded estimates and highlighted new offshore contracts and broader use of its proprietary technologies. Over the past year, the share price return has been strong, and the 1 year total shareholder return of 61.75% suggests momentum has been positive rather than fading. Scan 44 high quality undervalued stocks that, like NOV, pair earnings strength and established cash returns through dividends for investors watching both momentum and current income potential. NOV shares have climbed sharply over the past year yet still trade at a double digit intrinsic discount and below analyst targets. Is the market rightly cautious about the recovery story, or slow to reprice it? NOV last closed at $20.99, while the most followed narrative places fair value at $22.08. That small gap comes from detailed forecasts for growth, margins, and future returns that stretch out over several years. Read the complete narrative. Read the complete narrative. Want to see what sits behind that fair value for NOV? The narrative highlights steadily rising revenues, higher margins, and a lower future earnings multiple than many peers. Curious how those moving pieces add up to that $22.08 figure? Result: Fair Value of $22.08 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, NOV's story still hinges on offshore and Middle East activity meeting expectations, while tariffs, inflation, and volatile orders could pressure revenue and margins. Find out about the key risks to this NOV narrative. While NOV screens as 36.9% below the Simply Wall St estimate of future cash flow value at $33.27, its P/E ratio of 78.8x is far above the US Energy Services industry average of 26x and the fair ratio of 27.4x. That gap points to meaningful valuation risk if expectations reset. Which signal do you weigh more heavily? Investors who want to stress test that earnings-based view against other metrics can review a detailed valuation breakdown with peer and fair ratio comparisons in the See what the numbers say about this price — find out in our valuation breakdown. Mixed on NOV after all that, or leaning one way already? Act quickly, review the data for yourself, and weigh NOV's 2 key rewards and 3 important warning signs. Do not stop with NOV alone. Fresh ideas can sharpen your decisions and help you spot opportunities that others ignore across income, quality, and overlooked potential. Target reliable cash flow by scanning companies built around steady payouts through the 12 dividend fortresses. Hunt for mispriced quality by checking the 19 high quality undiscovered gems before the wider market catches on. Prioritise resilience and sleep better at night by reviewing the 74 resilient stocks with low risk scores now. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NOV. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

NOV stock has delivered a 78.1% total return over the past 5 years, yet its current valuation checks offer a mixed message, with an intrinsic value estimate pointing to potential undervaluation while market multiples lean the other way. A 78.1% gain over 5 years suggests NOV has already rewarded patient shareholders and may now require closer scrutiny of what is priced in. Future cash flow from NOV's energy equipment and services can support the valuation if execution and capital discipline stay on track, but any pressure on project activity or margins may limit how much value those cash flows create for equity holders. NOV screens as expensive on most broad checks, with a low value score of 2 out of 6, while the Discounted Cash Flow (DCF) intrinsic value estimate suggests the stock trades at about a 36.9% discount. The issue now is whether NOV's current share price around US$20.99 already reflects its cash flow potential, or if the intrinsic value case points to mispricing that patient investors may benefit from over time. Spot opportunities beyond NOV by scanning a hand picked list of other value candidates in the current market through the 45 high quality undervalued stocks. The Discounted Cash Flow (DCF) model here uses cash flow projections to estimate what NOV could be worth based on the cash it generates for shareholders. NOV has latest twelve month free cash flow of about $580.7 million, and the model assumes these cash flows keep growing from this base rather than shrinking. On those inputs, the DCF output suggests an intrinsic value of about $33 per share, compared with the current share price near $20.99. That gap implies a sizeable margin between what the cash flows support and what the market is currently willing to pay. For readers, the key point is that this is a two stage free cash flow to equity model, so the outcome is sensitive to both the growth path in the next decade and the discount rate applied. Even so, the 36.9% implied discount is large enough that NOV screens as meaningfully undervalued under these assumptions. On this DCF view, NOV stock appears undervalued relative to the cash flows analysts expect it to generate. Our Discounted Cash Flow (DCF) analysis suggests NOV is undervalued by 36.9%. Track this in your watchlist or portfolio, or discover 45 more high quality undervalued stocks. Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for NOV. The P/E ratio is a common yardstick for NOV because earnings remain a key driver of how investors frame the stock. On this lens, NOV currently trades on a P/E of 78.8x, compared with about 26.0x for the wider Energy Services industry and roughly 41.6x for peers. The fair P/E ratio that adjusts for NOV's profile is estimated at 27.4x. That is far below the current 78.8x, so the stock carries a large premium to what this framework suggests would be reasonable. Even allowing for company specific factors or differing views on earnings quality, the gap is wide enough that investors are paying a high price for each dollar of NOV earnings at today's share price. On the P/E multiple, NOV stock appears expensive relative to both its industry and the modelled fair ratio. See what the numbers say about this price — find out in our valuation breakdown. NOV's Simply Wall St Narratives pick up where the valuation puzzle leaves off by making clear which expectations for growth, margins and earnings would need to hold for the stock to be worth materially more or less than today's price, and they sit on the company's Community page. Each narrative links a specific fair value estimate to a concrete story about NOV's potential catalysts and risks, so you can track over time which scenario is actually unfolding. NOV's community views pull in opposite directions, with one scenario leaning on offshore recovery potential and the other focused on energy transition risk. Bull case: roughly fairly valued Read the full Bull Case to see why NOV could be undervalued Bear case: 23% overvalued Read the full Bear Case to see why NOV could be overvalued Do you think there's more to the story for NOV? Head over to our Community to see what others are saying! NOV sits at a crossroads. The Discounted Cash Flow (DCF) intrinsic value estimate points to undervaluation, while the market multiple view flags the stock as overvalued on earnings. That split reflects a clash between what NOV might deliver in future cash flows and what investors are already paying today for growth and sentiment. The broad checks are weak despite the supportive DCF signal, so the key question is whether NOV can convert its project pipeline and capital discipline into cash flows strong enough to justify both the current P/E and any potential re rating in the years ahead. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NOV. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

It has been about a month since the last earnings report for Nov Inc. (NOV). Shares have added about 6.1% in that time frame, outperforming the S&P 500. But investors have to be wondering, 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 its most recent earnings report in order to get a better handle on the important catalysts. NOV reported second-quarter 2026 adjusted earnings of 31 cents per share, which beat the Zacks Consensus Estimate of 16 cents. The bottom line also increased 6.9% from the year-ago quarter’s 29 cents, driven by outperformance of the Energy Equipment segment. The oil and gas equipment and services company’s total revenues of $2.1 billion beat the Zacks Consensus Estimate by $39 million. However, NOV’s revenues fell 2.5% from the year-ago quarter’s figure of $2.2 billion due to lower year-over-year revenues from the Energy Products and Services segment. In the second quarter, NOV repurchased approximately 3.2 million shares of common stock for a total of $63 million. The company also returned $64 million in dividends, resulting in a total of $127 million in capital to its shareholders during the quarter. Energy Products and Services: The unit reported second-quarter revenues of $974 million, which beat our estimate of $951 million, driven by market share gains by the segment’s drill bit and artificial lift operations and continued growth in digital services. However, the figure decreased from the prior-year quarter’s reported number by 5% due to lower capital equipment sales. Adjusted EBITDA of $144 million beat our estimate of $110 million but decreased from $146 million in the corresponding period of 2025. Energy Equipment: Revenues in this segment increased marginally by 1% year over year to $1.22 billion, beating our estimate by 2.7%. Adjusted EBITDA of $200 million increased from the year-earlier quarter’s $158 million and beat our estimate of $145 million. Strong execution on offshore production projects, which are nearing completion, and a more favorable sales mix drove the improvement in the company’s revenues and profitability. In the second quarter of 2026, the segment registered $474 million in new orders. Shipments from the backlog amounted to $638 million, resulting in a book-to-bill ratio of 74. As of June 30, 2026, the backlog for Energy Equipment capital orders was $4.1 billion, reflecting a $220 million decrease from the prior year. As of June 30, the company had cash and cash equivalents of $1.2 billion and long-term debt of $1.7 billion with a debt-to-capitalization of 21.3%. NOV had $1.5 billion available on its primary revolving credit facility during the same time. The company generated an operating cash flow of $17 million and a negative free cash flow of $64 million in this quarter. NOV’s broad operational and technology achievements underscore its strong position in offshore energy, drilling automation and digital solutions. The company secured multiple contracts for production processing equipment, seawater treatment systems, FPSO topside modules and subsea structures across key offshore markets, including West Africa, Indonesia, Suriname, Brazil and Southeast Asia, reinforcing its leadership in offshore infrastructure. NOV also expanded adoption of its proprietary technologies, such as Bondstrand fiberglass piping, Delta drill pipe connections, Zap-Lok pipeline systems and XLC-S connectors, reflecting strong customer demand for safer, more efficient and high-performance solutions. The company advanced its digital transformation strategy by deploying AI-enabled equipment diagnostics, remote rig monitoring and real-time data acquisition through its Max Platform while strengthening its capabilities with the acquisitions of Rigsmart and Cranesmart. In addition, growing orders for ATOM RTX robotics, NOVOS automation systems and Downhole Broadband Solutions demonstrate increasing industry demand for automation, real-time drilling intelligence and productivity-enhancing technologies that improve operational efficiency, safety and drilling performance across global energy markets. For the third quarter of 2026, NOV expects year-over-year consolidated revenues to increase by up to 2%, with adjusted EBITDA expected to be between $240 million and $270 million. NOV expects third-quarter 2026 performance to improve sequentially, assuming operating conditions in the Middle East remain broadly consistent with those seen in the second quarter. Management forecasts both sequential and year-over-year revenue growth, supported by stronger activity across key markets, healthy free cash flow generation in the second half of the year and continued benefits from operational efficiency initiatives. The Energy Equipment segment is expected to post revenues that are 1-3% lower year over year, with EBITDA in the range of $160-$190 million, as growth in drilling capital equipment and aftermarket services is partly offset by the completion of several large projects. Meanwhile, the Energy Products and Services segment is projected to deliver stronger performance, with revenues rising 5-7% year over year and EBITDA of $130-$150 million, driven by seasonal Eastern Hemisphere demand, improved backlog conversion in drill pipe and composite solutions, and market share gains from differentiated technologies. The guidance excludes any additional IEEPA tariff refunds and reflects management's expectation of continued operational discipline, margin improvement and stronger cash generation in the second half of 2026. In the past month, investors have witnessed a downward trend in fresh estimates. The consensus estimate has shifted -6.7% due to these changes. At this time, Nov Inc. has a average Growth Score of C, however its Momentum Score is doing a lot better with an A. Charting a somewhat similar path, the stock has a grade of B on the value side, putting it in the top 40% for value investors. Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, Nov Inc. has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NOV Inc. (NOV) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Solaris Energy Infrastructure, Inc. SEI reported second-quarter 2026 adjusted earnings of 39 cents per share, up 14.7% year over year, and beat the Zacks Consensus Estimate of 31 cents by 25.81%. The outperformance was driven by the exceptional results of the Power Solutions segment. Revenues of $219 million increased 47% year over year and topped the consensus estimate of $198 million by 10.78%, driven by higher leasing and service revenues. The company’s leasing and service revenues increased 70.8% and 30% year over year, respectively. Solaris Energy Infrastructure, Inc. price-consensus-eps-surprise-chart | Solaris Energy Infrastructure, Inc. Quote Net income reported by SEI was $25.2 million in the quarter. On a non-GAAP basis, adjusted EBITDA was $108.3 million, up from $60.6 million in the year-ago period, driven primarily by higher Power Solutions activity levels and a lift in Logistics profitability. On Aug. 4, 2026, the company’s board of directors approved a third-quarter 2026 dividend of 12 cents per share, payable on Sept. 25 to its shareholders of record as of Sept. 15. Solaris Power Solutions:Power Solutions revenues increased to $158.3 million compared with $75.6 million in the year-ago period. Capacity earning revenues in the segment averaged 950 MW during the quarter. Adjusted EBITDA from the segment increased to $96.4 million, driven by increased ancillary service revenues. Solaris Logistics Solutions: Logistics Solutions delivered revenues of $61 million, decreasing 17.2% from the year-ago period. Adjusted EBITDA from the segment increased year over year to $24.7 million, driven by increased system activity and a more favorable project mix. Solaris Energy expanded three long-term contracts that are expected to add more than $100 million of annual adjusted EBITDA. The expanded Hatchbo agreement now covers a turnkey, roughly 660-MW power plant, including balance-of-plant equipment, batteries and operating services. The contract term was extended to as long as 18 years, and revenues are expected to begin in January 2027. SEI also broadened the scope of its April 2026 agreement with a global technology customer to include balance of plant, energy storage and natural gas procurement and management. Separately, a large energy customer increased contracted microgrid capacity to about 80 MW from 60 MW and extended the agreement to six years from four years. The acquisition of Global Energy Services Alliance, or GESA, expands SEI’s installation, commissioning, operations, maintenance and aftermarket capabilities. GESA added more than 600 skilled employees and brings project experience spanning more than 30 countries. Management sees the acquisition as a way to improve project execution while expanding third-party service opportunities. Solaris Energy also has approximately 800 MW of open capacity with relatively near-term delivery timelines and said it is in advanced discussions with multiple customers regarding long-term deployments. For the third quarter of 2026, the Zacks Rank #5 (Strong Sell) company raised adjusted EBITDA guidance to $90-$105 million from $80-$95 million previously, and established fourth-quarter adjusted EBITDA guidance of $100-$120 million. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. At quarter-end, Cash and cash equivalents attributable to Solaris Energy were $888.5 million, while long-term debt attributable to SEI (net of current portion) was $1.6 billion, with a debt-to-capitalization of 58%. During the quarter, the company completed an inaugural $1.3 billion senior, unsecured notes offering and secured a new, undrawn $650 million credit facility. While we have discussed SEI’s second-quarter results in detail, let’s see how some other oilfield service companies have fared this earnings season. NOV Inc. NOV reported second-quarter 2026 adjusted earnings of 31 cents per share, which beat the Zacks Consensus Estimate of 16 cents. The bottom line also increased 6.9% from the year-ago quarter’s 29 cents, driven by outperformance of the Energy Equipment segment. The oil and gas equipment and services company’s total revenues of $2.1 billion beat the Zacks Consensus Estimate by $39 million. However, NOV’s revenues fell 2.5% from the year-ago quarter’s figure of $2.2 billion due to lower year-over-year revenues from the Energy Products and Services segment. As of June 30, 2026, the backlog for Energy Equipment capital orders was $4.1 billion, reflecting a $220 million decrease from the prior year. Liberty Energy Inc. LBRT reported a second-quarter 2026 adjusted net profit of 9 cents per share, beating the Zacks Consensus Estimate of 7 cents. The outperformance was driven by the company’s focus on AI-driven technology advancements and strong operational execution. However, the bottom line decreased from the year-ago quarter’s profit of 12 cents due to increased year-over-year costs and expenses. LBRT's revenues totaled $1.2 billion, which beat the Zacks Consensus Estimate of $1.1 billion. The top line also increased from the prior-year quarter’s $1 billion by 14%, supported by record utilization and a modest pricing uplift along with higher product sales. As of June 30, Liberty Energy had approximately $555.4 million in cash and cash equivalents. The pressure pumper’s long-term debt of $1.3 billion represented a debt-to-capitalization of 39.5%. Further, the company’s total liquidity, including availability under the credit facility, amounted to $1 billion. Oceaneering International, Inc. OII reported second-quarter 2026 earnings of 65 cents per share, up from 54 cents in the year-ago quarter. Higher year-over-year operating income from the company's Subsea Robotics, Manufactured Products, Offshore Projects Group and Aerospace and Defense Technologies segments contributed to this improvement. Total revenues of $768.2 million increased approximately 10% from the year-ago quarter’s $698.2 million. This increase reflected revenue growth across all segments except Integrity Management & Digital Solutions. As of June 30, 2026, OII had cash and cash equivalents worth $629.5 million and $688.9 million, respectively, along with a long-term debt of about $490.2 million. The debt-to-capitalization was 29.6%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Solaris Energy Infrastructure, Inc. (SEI) : Free Stock Analysis Report NOV Inc. (NOV) : Free Stock Analysis Report Oceaneering International, Inc. (OII) : Free Stock Analysis Report Liberty Energy Inc. (LBRT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

U.S. energy operator APA Corporation APA reported second-quarter 2026 adjusted earnings of $1.89 per share, beating the Zacks Consensus Estimate of $1.85. The bottom line rose from the year-ago adjusted profit of 87 cents. The outperformance was primarily driven by higher realized oil prices and lower year-over-year expenses. Revenues of $2.4 billion were down 8.2% from the year-ago quarter’s sales and missed the Zacks Consensus Estimate by 1.5%, caused by a decrease in natural gas revenues. APA Corporation price-consensus-eps-surprise-chart | APA Corporation Quote Meanwhile, APA continues to reward its shareholders, having paid out $189 million through dividends and share repurchases during the second quarter of 2026. Production of oil and natural gas averaged 409,959 BOE/d, which comprised 69% liquids. The figure was down 11.8% from the year-ago quarter but surpassed our expectation of 404,982 BOE/d. U.S. output (accounting for 64% of the total) fell 9.2% year over year to 263,187 BOE/d, but production from the company’s international operations decreased 16.2% to 146,772 BOE/d. APA’s oil and natural gas liquids (NGLs) production was 284,605 barrels per day (Bbl/d). Natural gas output totaled 752,125 thousand cubic feet per day (Mcf/d). The average realized crude oil price during the second quarter was $98.24 per barrel, up almost 50% from the year-ago realization of $65.58. The number also significantly surpassed our projection of $76.35. The average realized natural gas price fell to 60 cents per thousand cubic feet (Mcf) from $2.28 in the year-ago period and missed our estimate of $2.03. APA’s second-quarter lease operating expenses totaled $353 million, down 3.8% from $367 million in the year-ago period. Moreover, proceeds from purchased oil/gas of $122 million meant that total operating expenses decreased nearly 29.2% from the corresponding period of 2025 to $1.1 billion. The number was below our model projection of $1.4 billion. During the quarter under review, APA generated $1.7 billion of cash from operating activities while it incurred $546 million in upstream capital expenditures. The Zacks Rank #3 (Hold) company registered a free cash flow of $738 million compared to $134 million a year ago. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. As of June 30, APA had $444 million in cash and cash equivalents and $3.7 billion in long-term debt, representing a debt-to-capitalization of 34.8%. For full-year 2026, APA has raised its U.S. oil production guidance to 123,000 barrels per day while keeping its U.S. capital spending plan unchanged at $1.3 billion. Total upstream capital investment is projected at $2.07 billion, with exploration spending slightly lower due to the timing shift of exploration activities at Suriname Block 58. Meanwhile, lease operating expense guidance has been reduced by $25 million to $1.5 billion, reflecting continued cost-saving initiatives. While we have discussed APA’s second-quarter results in detail, let us take a look at three other key reports in this space. Expand Energy Corporation EXE reported second-quarter 2026 adjusted earnings per share of $1.33, beating the Zacks Consensus Estimate of $1.22. The company’s bottom line increased from the year-ago adjusted profit of $1.10 per share, fueled by strong production and lower operating expenses. Expand Energy’s ‘natural gas, oil and NGL’ revenues of $1.8 billion missed the Zacks Consensus Estimate of $2 billion. The top line was also below the year-ago figure of $2 billion. As of June 30, 2026, the company had $663 million in cash and cash equivalents. Expand Energy had a long-term debt of $3.7 billion, reflecting a debt-to-capitalization of 16%. NOV Inc. NOV reported second-quarter 2026 adjusted earnings of 31 cents per share, which beat the Zacks Consensus Estimate of 16 cents. The bottom line also increased 6.9% from the year-ago quarter’s 29 cents, driven by outperformance of the Energy Equipment segment. The oil and gas equipment and services company’s total revenues of $2.1 billion beat the Zacks Consensus Estimate by $39 million. However, NOV’s revenues fell 2.5% from the year-ago quarter’s figure of $2.2 billion due to lower year-over-year revenues from the Energy Products and Services segment. As of June 30, 2026, the company had cash and cash equivalents of $1.2 billion and long-term debt of $1.7 billion with a debt-to-capitalization of 21.3%. The Williams Companies, Inc. WMB reported second-quarter 2026 adjusted earnings per share of 50 cents, which missed the Zacks Consensus Estimate of 52 cents. However, the bottom line increased from the year-ago period’s level of 46 cents, driven by better-than-expected performance of its Transmission, Power & Gulf, Northeast G&P and West segments. The Tulsa, OK-based oil and gas storage and transportation company’s revenues of $3 billion missed the Zacks Consensus Estimate by $2 million. The figure increased by 9.8% from the year-ago quarter’s reported revenues. This can be attributed to higher service revenues and increased product sales. As of June 30, 2026, the company had cash and cash equivalents of $203 million and long-term debt of $28.1 billion, with a debt-to-capitalization of 64.7%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report APA Corporation (APA) : Free Stock Analysis Report Williams Companies, Inc. (The) (WMB) : Free Stock Analysis Report NOV Inc. (NOV) : Free Stock Analysis Report Expand Energy Corporation (EXE) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Permian Resources Corporation PR reported second-quarter 2026 adjusted earnings of 69 cents per share, beating the Zacks Consensus Estimate of 56 cents by 23.2%. The bottom line also increased significantly from the year-ago quarter’s adjusted earnings of 27 cents. This outperformance was primarily driven by higher oil and NGL price realizations. The company’s oil and gas sales of $1.86 billion beat the Zacks Consensus Estimate of $1.64 billion by 13.3%. Revenues also increased from the year-ago quarter’s $1.2 billion, aided by a higher year-over-year contribution from oil sales, NGL sales and purchased gas sales during the quarter. Permian Resources Corporation price-consensus-eps-surprise-chart | Permian Resources Corporation Quote On Aug. 5, 2026, the Midland, TX-based exploration and production company declared a quarterly base dividend of 16 cents per Class A common share, translating to an annualized dividend of 64 cents. The payout is scheduled for Sept. 30 for its shareholders on record as of Sept. 16. Permian Resources reported total average production of 376.4 thousand barrels of oil equivalent per day (MBoe/d), comprising 53% oil and 76% liquids, in the second quarter, down from 385.1 MBoe/d in the year-ago period. The figure missed the Zacks Consensus Estimate of 395,272 Boe/d. Crude oil production averaged 198.1 thousand barrels per day (MBbls/d), up from 176.5 MBbls/d in the prior-year quarter. The figure beat the Zacks Consensus Estimate of 194.8 MBbls/d. Oil production increased, driven primarily by successful ground-game initiatives, which boosted the average working interest in second-quarter completions by 7% above the company’s initial expectations. Production also benefited from a more than 50% quarter-over-quarter increase in high-return workover projects. NGL production came in at 86.2 MBbls/d, down 11.9% year over year. It also missed the Zacks Consensus Estimate by 11.2%. Meanwhile, natural gas production totaled 552.9 million cubic feet per day (MMcf/d), down 16.8% year over year, and missed the Zacks Consensus Estimate by 11.1%. Permian Resources’ average realized oil price was $97.81 per barrel in the second quarter, compared with $62.71 in the year-ago quarter. Moreover, the figure beat the consensus mark of $94 per barrel. The realized NGL price was $23.28 per barrel, up from $17.75 a year ago, and beat the consensus mark of $22.16 per barrel. The company’s realized natural gas price was negative $2.40 per Mcf, in contrast to a positive 50 cents in the prior-year quarter. The consensus mark for the same was pegged at a negative of $2.41 per Mcf. Including hedges and purchased gas sales, the realized natural gas price was 38 cents per Mcf, compared with 76 cents a year ago. Total operating expenses in the quarter rose to $929.9 million from $900.1 million in the year-ago quarter. Lease operating expenses totaled $189.9 million, up from $187.9 million in the year-ago quarter. Severance and ad valorem taxes rose to $143.7 million from $94.9 million a year earlier and the Exploration and other expenses also rose to $9.8 million from $5.1 million in the year-ago quarter. On a per-unit basis, Lease operating expenses increased to $5.55 per Boe from $5.36 a year ago. PR generated $1.5 billion of net cash provided by operating activities in the second quarter, compared with $1 billion in the year-ago quarter. Adjusted operating cash flow totaled $1.3 billion, while adjusted free cash flow came in at $750.7 million. Cash capital expenditures were $521.4 million, up from the prior-year period’s capital expenditures of $505 million. The company’s capital-efficient operating model supported strong free cash flow generation despite continued investment in development and bolt-on acquisitions. As of June 30, 2026, PR had $131.7 million in cash and cash equivalents. The company had a long-term debt of approximately $3 billion, reflecting a debt-to-capitalization of 20%. Permian Resources has raised its 2026 oil production target to 199 MBbls/d, up 10 MBbls/d from its initial February guidance. The increase reflects higher working interest from successful ground-game activities, greater workover activity and production from the Ward County bolt-on acquisition. The company expects average working interest to exceed 80% for the full year, while second-half oil production is projected to exceed 200 MBbls/d. To support the higher production outlook, Permian Resources increased its 2026 cash capital expenditure guidance to $1.9-$2 billion, including about $25 million related to the Ward County acquisition. The revised full-year plan calls for total production of 400,000-430,000 Boe/d, oil production of 197,000-201,000 Bbls/d and approximately 250 gross operated TILs, with average lateral lengths of about 11,000 feet. Controllable cash costs are expected at $7.15-$8.15 per Boe, including lease operating expenses of about $5.45, gathering, processing and transportation costs of approximately $1.40, and cash G&A of around 80 cents per Boe. Overall, this Zacks Rank #3 (Hold) company’s updated plan reflects higher production and capital spending while maintaining a focus on capital efficiency and operational growth. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. While we have discussed PR’s second-quarter results in detail, let us take a look at three other key reports in this space. Expand Energy Corporation EXE reported second-quarter 2026 adjusted earnings per share of $1.33, beating the Zacks Consensus Estimate of $1.22. The company’s bottom line increased from the year-ago adjusted profit of $1.10 per share, fueled by strong production and lower operating expenses. Expand Energy’s ‘natural gas, oil and NGL’ revenues of $1.8 billion missed the Zacks Consensus Estimate of $2 billion. The top line was also below the year-ago figure of $2 billion. As of June 30, 2026, the company had $663 million in cash and cash equivalents. Expand Energy had a long-term debt of $3.7 billion, reflecting a debt-to-capitalization of 16%. NOV Inc. NOV reported second-quarter 2026 adjusted earnings of 31 cents per share, which beat the Zacks Consensus Estimate of 16 cents. The bottom line also increased 6.9% from the year-ago quarter’s 29 cents, driven by outperformance of the Energy Equipment segment. The oil and gas equipment and services company’s total revenues of $2.1 billion beat the Zacks Consensus Estimate by $39 million. However, NOV’s revenues fell 2.5% from the year-ago quarter’s figure of $2.2 billion due to lower year-over-year revenues from the Energy Products and Services segment. As of June 30, 2026, the company had cash and cash equivalents of $1.2 billion and long-term debt of $1.7 billion with a debt-to-capitalization of 21.3%. The Williams Companies, Inc. WMB reported second-quarter 2026 adjusted earnings per share of 50 cents, which missed the Zacks Consensus Estimate of 52 cents. However, the bottom line increased from the year-ago period’s level of 46 cents, driven by better-than-expected performance of its Transmission, Power & Gulf, Northeast G&P and West segments. The Tulsa, OK-based oil and gas storage and transportation company’s revenues of $3 billion missed the Zacks Consensus Estimate by $2 million. The figure increased by 9.8% from the year-ago quarter’s reported revenues. This can be attributed to higher service revenues and increased product sales. As of June 30, 2026, the company had cash and cash equivalents of $203 million and long-term debt of $28.1 billion, with a debt-to-capitalization of 64.7%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Permian Resources Corporation (PR) : Free Stock Analysis Report Williams Companies, Inc. (The) (WMB) : Free Stock Analysis Report NOV Inc. (NOV) : Free Stock Analysis Report Expand Energy Corporation (EXE) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research