Nov Inc
NYSE:NOV

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Nov Inc
NYSE:NOV
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Price: 16.3 USD -0.12% Market Closed
Market Cap: 5.9B USD

Nov Inc
Investor Relations

Nov Inc. is an influential player in the oilfield services industry, weaving a legacy that has expanded over more than a century. As an integral backbone of the energy sector, Nov Inc. specializes in providing the technologies and services that operators worldwide depend on to access and extract oil and gas. The company’s operations are spread across multiple continents, encompassing diverse environments and challenges. At its core, Nov Inc. is an engineering powerhouse, designing and manufacturing the tools, equipment, and systems necessary for drilling, production, and operating efficiency. From the drilling rigs used offshore to the advanced analytics guiding downhole operations, Nov's innovations are embedded in energy exploration and production's everyday complexities.

The company's revenue streams are as dynamic as the industry it serves, anchored in three primary segments: Rig Technologies, Wellbore Technologies, and Completion & Production Solutions. Rig Technologies offers a suite of products and services ensuring both new rigs and aging fleets operate with precision and safety. Wellbore Technologies provides critical tools and equipment that help drill operators maintain control and reliability when penetrating the earth's crust. Finally, the Completion & Production segment focuses on technologies that optimize well completions and enhance productivity over a well’s life. This diversified portfolio enables Nov Inc. to capture value across the oil and gas development lifecycle, securing a steady flow of revenue while adapting to the evolving demands of the global energy landscape.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 28, 2025
AI Summary
Q3 2025

Revenue & Profit: NOV reported Q3 2025 revenue of $2.18 billion and net income of $42 million ($0.11 per share).

Margins & Cash Flow: EBITDA improved sequentially to $258 million (11.9% margin), and free cash flow was strong at $245 million, with a 95% quarterly EBITDA conversion rate.

Backlog & Orders: Capital equipment orders in Energy Equipment exceeded $951 million, boosting backlog to a record $4.56 billion, led by offshore production equipment.

Near-Term Outlook: Management expects continued softness due to OPEC overhang, commodity pressure, and tariffs, but backlog and strong project execution should support performance through 2026.

Guidance: Q4 Energy Equipment revenue is expected to decline 2%–4% year-over-year with EBITDA of $160–$180 million; Energy Products & Services revenue is expected to decline 8%–10% year-over-year with EBITDA of $120–$140 million.

Structural Shifts: Management highlighted the emergence of international unconventional and deepwater oil development as major growth drivers for NOV over the next decade.

Key Financials
Revenue
$2.18 billion
Net Income
$42 million
EPS
$0.11 per share
EBITDA
$258 million
EBITDA Margin
11.9%
Operating Profit
$107 million
Operating Margin
4.9%
Free Cash Flow
$245 million
EBITDA to Free Cash Flow Conversion (Quarter)
95%
EBITDA to Free Cash Flow Conversion (YTD)
53%
Energy Equipment Revenue
$1.25 billion
Energy Equipment EBITDA
$180 million
Energy Equipment EBITDA Margin
14.4%
Energy Products & Services Revenue
$971 million
Energy Products & Services EBITDA
$135 million
Energy Products & Services EBITDA Margin
13.9%
Capital Equipment Orders
$951 million
Book-to-Bill (Energy Equipment, Q3)
141%
Backlog (Energy Equipment, End of Q3)
$4.56 billion
Share Repurchases (Q3)
6.2 million shares for $80 million
Dividends Paid (Q3)
$28 million
Capital Returned to Shareholders (YTD)
$393 million
Tariff Expense (Q3)
Just under $20 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Clay C. Williams
Chairman, President & CEO
No Bio Available
Mr. Jose A. Bayardo
Senior VP & CFO
No Bio Available
Ms. Christy H. Novak
VP, Corporate Controller & Chief Accounting Officer
No Bio Available
Mr. David Reid
Chief Marketing Officer & CTO
No Bio Available
Mr. Alex Philips
Chief Information Officer
No Bio Available
Ms. Bonnie Houston
Chief Administrative Officer
No Bio Available
Amie D'Ambrosio
Director of Investor Relations
No Bio Available
Mr. Craig L. Weinstock J.D.
Senior VP, General Counsel & Secretary
No Bio Available
Mr. Mike Loucaides
Chief Health, Safety, Security & Environmental Officer
No Bio Available
Mr. Scott B. Livingston
President of Energy Products & Services
No Bio Available

Contacts

Address
TEXAS
Houston
7909 Parkwood Circle Dr
Contacts
+17133753700.0
www.nov.com