DNOW Q2 2025 revenue $628 million, EPS $0.23; full-year guidance reaffirmed
DNOW reported second-quarter 2025 revenue of $628 million, up 5% from the first quarter and slightly below $633 million a year earlier, with net income attributable to DNOW of $25 million, or $0.23 per diluted share. The company reaffirmed its full-year 2025 revenue and EBITDA guidance and its $150 million free cash flow target, and said the pending all-stock merger with MRC Global, valued at about $1.5 billion, is expected to close in the fourth quarter of 2025.
Key points
- Revenue of $628 million, up 5% sequentially and down from $633 million in Q2 2024
- Diluted EPS of $0.23 versus $0.21 in Q2 2024; EBITDA excluding other costs of $51 million, or 8.1% of revenue
- Full-year 2025 revenue and EBITDA guidance and $150 million free cash flow target reaffirmed
- All-stock merger with MRC Global valued at about $1.5 billion, expected to close in Q4 2025
The filing
Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.