NOV
NOV Provides Operational Update for First Quarter 2026
Article Summary
HOLD- NOV Inc. (NYSE: NOV) announced operational disruptions resulting from the war in the Middle East will cause first quarter 2026 revenue and earnings to be below prior guidance, with NOV currently expecting to report revenues of $2.05 billion, operating profit of $47 million, and Adjusted EBITDA of $177 million.
- The conflict in the region created significant safety and logistical challenges during the first quarter, which adversely impacted revenue by an estimated $54 million and AdjustedEBITDA by approximately $32 million.
- These challenges disproportionately affected quarter-end deliveries of capital equipment and products, including spare parts, while our more service-oriented offerings were less affected.
- Higher shipping and freight costs and reduced absorption in our manufacturing facilities further amplified decremental margins.
- The company is actively managing the impact of the ongoing conflict with the safety of our team as our top priority, and facilities have not been damaged.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | -1.4% | 25% | 0.0 ptsDeclining (-1.4%) - NOT a growth stock |
| EPS Growth Next 5Y ? | 59.9% | 25% | 100.0 ptsExceptional (59.9%) - Very high expectations |
| Target Price Upside ? | 10.1% | 20% | 50.0 ptsMeets Minimum (10.1%) - Target: $20.58 vs Current: $18.70 |
| Gross Margin % ? | 22.7% | 15% | 40.0 ptsModerate (22.7%) - Adequate margins |
| Drawdown from 52-Wk High ? | -10.3% | 15% | 40.0 ptsMild Pullback (-10.3%) - Light entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About NOV
- NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors in the United States and internationally.
- It operates in two segments, Energy Equipment, and Energy Products and Services.
- The Energy Products and Services segment offers drill bits and borehole enlargement products; independent drilling and intervention downhole tools equipment; frac plugs, frac sleeves, toe initiation burst port systems, and recyclable setting tools; electric submersible pumps, high viscosity pumps, and surface pumps; tubular coating and inspection services for drill-pipe and other oil country tubular goods; solids control and waste management equipment and services; data and digital solutions; precision-engineered drill pipe and drill-stem equipment; connectors and integral thread solutions, including conductor strings, surface casing, and liners; and composite pipe, tanks, and structures.
- Its Energy Equipment segment provides drilling equipment, such as land rigs, complete offshore drilling packages, and rig components; capital equipment, related consumables, and digital products for hydraulic stimulation, coiled tubing, and wireline services; marine and construction solutions; processing solutions for the separation and treatment of oil, gas, solids, seawater, and produced water production; flexible subsea pipe systems; cavity pumps, specialized mixers and heat exchangers; and reciprocating, multistage, and progressive cavity pumps, midstream products, including closures, transfer pumps, chokes and valves, as well as artificial lift support systems that include production BOPs and stuffing boxes.
- The company was formerly known as National Oilwell Varco, Inc. and changed its name to NOV Inc. in January 2021.
- NOV Inc. was founded in 1862 and is based in Houston, Texas.