Expect continued pressure from Middle East disruptions into Q2. Monitor Q2 guidance execution and any improvement in rig reactivation orders. Stock likely to trade down on the weak EPS and negative free cash flow.
Price Chart
Executive Summary
NOV reported Q1 2026 GAAP EPS of $0.05, missing consensus of $0.14 by 64%, while revenue of $2.05B was in line. The miss was driven by Middle East disruptions impacting revenue by $54M and Adjusted EBITDA by $32M. Q2 guidance forecasts YoY revenue decline of 4-6%, weighing on near-term outlook.
Key Financial Metrics
Key Facts
- GAAP EPS of $0.05 vs consensus $0.14
- Revenue $2.05B, -2% YoY
- Middle East disruptions impacted revenue by $54M and Adjusted EBITDA by $32M
- Q2 guidance: revenue down 4-6% YoY, EBITDA $185-215M
- Free cash flow negative $91M
- Returned $100M to shareholders via buybacks and dividends
Financial Impact
EPS miss of -64% versus consensus; $54M revenue impact from disruptions
Risk Factors
- Prolonged Middle East disruptions impacting operations
- Continued decline in drilling activity
- Negative free cash flow may limit capital returns
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3282118 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 29, 2026 9w ago | 8-K | $19.06 $20.23 | ▲ +6.14% | ▲ +1.12% | $18.97 (−0.47%) |
Jul 28, 2026 9w ago | Press Release | $19.06 $20.23 | ▲ +6.14% | ▲ +1.12% | $18.97 (−0.47%) |
May 22, 2026 19w ago | 8-K | $20.81 $18.82 | ▼ −9.56% | ▼ −8.15% | $18.97 (−8.84%) |
May 21, 2026 19w ago | Press Release | $20.77 $18.63 | ▼ −10.31% | ▼ −10.64% | $18.97 (−8.65%) |
Apr 27, 2026 22w ago | Press Release | $20.29 $21.12 | ▼ −4.09% | ▲ +1.38% | $18.97 (+6.51%) |
Apr 15, 2026 24w ago | 8-K | $19.02 $20.54 | ▼ −7.99% | ▼ −1.95% | $18.97 (+0.26%) |
Apr 15, 2026 24w ago | Press Release | $19.02 $20.54 | ▼ −7.99% | ▼ −1.95% | $18.97 (+0.26%) |
Apr 9, 2026 25w ago | DEFA14A | $19.59 $20.18 | ▲ +3.01% | ▼ −4.56% | $18.97 (−3.16%) |
Mar 16, 2026 28w ago | Press Release | $18.66 $19.02 | ▲ +1.93% | ▼ −2.37% | $18.97 (+1.66%) |
US Market Status
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