NOV, Inc. provides equipment and technology to the upstream oil and gas industry. It operates through the following segments: Rig Technologies, Wellbore Technologies, and Completion and Production Solutions. The Rig Technologies segment monitors its capital equipment backlog to plan its business. The Wellbore Technologies segment designs, manufactures, rents, and sells a variety of equipment and technologies used to perform drilling operations and offers services that optimize their performance. The Completion and Production Solutions segment integrates technologies for well completions and oil and gas production. The company was founded in 1862 and is headquartered in Houston, TX.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

NOV reports robust Q4 earnings, eyes growth amidst industry challenges

NOV's Q4 2022 performance showcased revenue growth and profitability, supported by strong segment results and adjusted EBITDA of $231 million.
While facing industry challenges like supply chain disruptions and cost inflation, NOV remains optimistic about future growth opportunities and revenue expansion in 2023.
The company's focus on financial discipline, capital allocation, and strategic pricing adjustments positions it well to navigate industry dynamics and capitalize on emerging opportunities.

NOV reports solid Q1 earnings, anticipates margin improvement post-supply chain challenges

NOV's Q1 2023 performance was solid despite supply chain challenges in the drill pipe business. The company expects resolution of supply chain issues by Q3 and anticipates robust outlook across all segments. Strong demand in various segments and positive momentum in international markets present growth opportunities.

NOV reports strong Q2 earnings, anticipates margin improvement

NOV's Q2 performance reflects growth in revenues and net income, driven by international markets. The company is focusing on cost reduction, margin improvement, and capital optimization. Positive outlook on offshore drilling assets and international activity levels.

NOV reports solid Q3 earnings, eyes growth in offshore markets

NOV's Q3 performance reflects strength in offshore and international land drilling, with a focus on cost reduction and margin improvement.
Challenges in North American markets and rig reactivation costs are being addressed, while opportunities in aftermarket sales and innovative technologies drive growth.
Optimism for 2024 stems from expectations of higher margins, revenue growth, and improved cash flow, supported by strategic restructuring efforts.
NOV's competitive strengths lie in strong segment performance, successful joint ventures, and a focus on innovation and efficiency to drive profitability.

NOV reports solid Q4 earnings, eyes offshore market growth

NOV's Q4 performance showcased revenue growth, improved profitability focus, and investments in new technologies. While facing challenges in North America, the company is optimistic about offshore and international market opportunities. Initiatives like cost reduction programs and digital product utilization position NOV for future growth.

NOV reports strong Q1 earnings, eyes growth in new technologies

NOV's Q1 performance reflects growth in revenue and profitability, supported by strategic initiatives and a focus on shareholder returns. While facing challenges in cost reduction and cash flow, the company is optimistic about converting working capital to cash and capitalizing on opportunities in new technologies and energy sectors. Overall, NOV is positioned for growth and margin improvement in 2024.

NOV reports solid Q2 results, eyes international growth amid challenges

NOV's Q2 performance reflects strength in international markets and operational efficiency improvements.
Challenges in North America require strategic focus, while opportunities lie in stable revenue growth.
Focus on cost savings, technology adoption, and acquisitions positions NOV for future success.
Confidence in cash generation and margin expansion underscores positive outlook for the company.

NOV reports solid Q3 earnings, bullish on long-term oil demand

NOV's Q3 performance reflects resilience amidst market challenges, with a focus on operational efficiency and profitability. Strong orders for offshore equipment offset weaker demand for drilling rig equipment. The company's strategic investments and focus on driving efficiency position it well for future growth.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

NOV, Inc. engages in the equipment and technology to the upstream oil and gas industry. It operates through the following segments: Rig Technologies, Wellbore Technologies, and Completion and Production Solutions. The Rig Technologies segment focuses on the engineering, manufacturing, and support of advanced drilling equipment packages and related capital equipment for oil and gas wells. The Wellbore Technologies segment refers to the critical technologies, equipment, and services required to maximize customer oil and gas drilling efficiencies and economics. The Completion and Production Solutions segment optimizes the well completion process and production phase of a well's lifecycle. The company was founded in 1862 and is headquartered in Houston, TX.

National Oilwell Varco (NOV) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

National Oilwell Varco (NOV) Down 7.2% Since Last Earnings Report: Can It Rebound?

News for NOV Stock (NOV)