Earnings summaries and quarterly performance for NOV.
Executive leadership at NOV.
Clay Williams
Detailed
Chief Executive Officer
CEO
Christy Novak
Detailed
Vice President, Corporate Controller, and Chief Accounting Officer
Craig Weinstock
Detailed
Senior Vice President, Secretary, and General Counsel
Jose Bayardo
Detailed
President and Chief Operating Officer
Joseph Rovig
Detailed
President, Energy Equipment
Rodney Reed
Detailed
Senior Vice President and Chief Financial Officer
Scott Livingston
Detailed
President, Energy Products and Services
Board of directors at NOV.
Research analysts who have asked questions during NOV earnings calls.
Arun Jayaram
JPMorgan Chase & Co.
4 questions for NOV
Also covers: APA, AR, BKR +33 more
Jim Rollyson
Raymond James Financial
3 questions for NOV
Also covers: AESI, AROC, HLX +7 more
Stephen Gengaro
Stifel Financial Corp.
3 questions for NOV
Also covers: ACDC, AESI, AMRC +24 more
Doug Becker
Capital One
2 questions for NOV
Also covers: BORR, GTLS, HAL +3 more
James Rollyson
Raymond James Financial, Inc.
2 questions for NOV
Also covers: AESI, AROC, HLX +8 more
Marc Bianchi
TD Cowen
2 questions for NOV
Also covers: BKR, FTI, GTLS +6 more
Roger Read
Wells Fargo & Company
2 questions for NOV
Also covers: APA, AR, BP +22 more
Stephen Gengaro
Stifel
2 questions for NOV
Also covers: ACDC, BKR, BOOM +6 more
Connor Jensen
Raymond James Financial, Inc.
1 question for NOV
Also covers: HLX, KGS, NGS +2 more
Daniel Kutz
Morgan Stanley
1 question for NOV
Also covers: ACDC, BORR, HP +9 more
Douglas Becker
Capital One
1 question for NOV
Also covers: BORR, HAL, HP +5 more
Grant Hynes
JPMorgan Chase & Co.
1 question for NOV
Also covers: HP, LBRT, NBR +4 more
John Daniel
Daniel Energy Partners
1 question for NOV
Also covers: ACDC, CLB, CVEO +19 more
Kurt Hallead
The Benchmark Company
1 question for NOV
Also covers: AESI, BKR, FTI +14 more
Neil Mehta
Goldman Sachs
1 question for NOV
Also covers: AESI, APA, AR +36 more
Scott Gruber
Citigroup
1 question for NOV
Also covers: APA, BKR, BKV +24 more
Waqar Syed
ATB Capital Markets
1 question for NOV
Also covers: FTI, HP, LBRT +5 more
Recent press releases and 8-K filings for NOV.
NOV Reports Q3 2025 Results with Strong Free Cash Flow and Record Backlog
NOV
Earnings
Guidance Update
Demand Weakening
- NOV reported Q3 2025 revenues of $2.18 billion and EBITDA of $258 million, representing 11.9% of revenue.
- The company generated $245 million in free cash flow in Q3 2025 and returned $393 million to shareholders year-to-date, including $80 million in share repurchases and $28 million in dividends during the quarter.
- The Energy Equipment segment saw strong demand, with Q3 2025 revenue of $1.25 billion (up 2% year-over-year) and EBITDA of $180 million (14.4% of sales). Capital equipment orders were $951 million, resulting in a 141% book-to-bill ratio for the quarter, and the segment's backlog reached a record $4.56 billion.
- For Q4 2025, NOV anticipates Energy Equipment revenue to decline 2%-4% year-over-year with EBITDA between $160 million and $180 million, and Energy Products and Services revenue to decline 8%-10% year-over-year with EBITDA between $120 million and $140 million.
- NOV expects adjusted EBITDA to be roughly $1 billion for both 2025 and 2026, despite expectations of market conditions remaining soft through the next few quarters.
Oct 28, 2025, 3:00 PM
NOV Reports Q3 2025 Results with Record Backlog and Long-Term Optimism
NOV
Earnings
Guidance Update
Share Buyback
- NOV reported Q3 2025 consolidated revenue of $2.18 billion, operating profit of $107 million, and adjusted EBITDA of $258 million.
- The company anticipates soft market conditions through the next few quarters, with global drilling activity potentially drifting lower, but foresees strengthening demand in offshore and international land markets from the second half of 2026 and beyond.
- The Energy Equipment segment's revenue was $1.25 billion, up 2% year-over-year, driven by offshore production equipment, and achieved a record backlog of $4.56 billion.
- NOV generated $245 million in free cash flow during Q3 2025, repurchased $80 million in shares, and paid $28 million in dividends, expecting to exceed its 50% excess free cash flow return threshold for 2025.
Oct 28, 2025, 3:00 PM
NOV Reports Q3 2025 Results with Strong Free Cash Flow and Record Energy Equipment Backlog
NOV
Earnings
Guidance Update
Share Buyback
- NOV reported Q3 2025 revenues of $2.18 billion, a slight decrease year-over-year and sequentially, with EBITDA totaling $258 million, representing 11.9% of revenue.
- The company generated robust free cash flow of $245 million in Q3 2025, achieving a 95% conversion rate from EBITDA, and repurchased 6.2 million shares for $80 million while paying $28 million in dividends.
- The Energy Equipment segment saw strong performance, with revenue up 2% to $1.25 billion and EBITDA increasing to $180 million, driven by a 141% book-to-bill ratio for the quarter and a record backlog of $4.56 billion.
- NOV anticipates soft market conditions to persist through the next few quarters, with Q4 2025 revenue expected to decline year-over-year in both Energy Equipment (2% to 4%) and Energy Products and Services (8% to 10%) segments, but foresees strengthening demand in late 2026 and beyond from deepwater projects and international unconventional development.
Oct 28, 2025, 3:00 PM
NOV Inc. Reports Q3 2025 Financial Results and Q4 2025 Outlook
NOV
Earnings
Guidance Update
New Projects/Investments
- NOV Inc. reported Q3 2025 consolidated revenue of $2.18 billion and Adjusted EBITDA of $258 million.
- The company achieved a Book-to-Bill ratio of 141% and generated $245 million in Free Cash Flow for Q3 2025.
- The Energy Equipment segment's ending backlog grew to $4.555 billion in Q3 2025.
- NOV projects Q4 2025 total revenue to decline by 5% to 7% year-over-year, with anticipated Adjusted EBITDA between $230 million and $260 million.
Oct 28, 2025, 3:00 PM
NOV Reports Third Quarter 2025 Results and Appoints Jose Bayardo to Board of Directors
NOV
Earnings
Board Change
Guidance Update
- NOV reported third quarter 2025 revenues of $2.18 billion, net income of $42 million ($0.11 per share), and Adjusted EBITDA of $258 million.
- The company generated $245 million in free cash flow and returned $108 million to shareholders through share repurchases and dividends during the quarter.
- Bookings for the quarter totaled $951 million, representing a book-to-bill ratio of 141%.
- For Q4 2025, NOV expects consolidated revenues to decline five to seven percent year-over-year and Adjusted EBITDA to be between $230 million and $260 million.
- Jose Bayardo, President and Chief Operating Officer, was appointed to the Board of Directors.
Oct 28, 2025, 1:00 PM
Quarterly earnings call transcripts for NOV.
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