NYSEEnergyOil & Gas Equipment & ServicesS&P MidCap 400
$17.56
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Close of Nov 06, 2026 · end-of-day data
NOV 8-K filings, explained
Every material Form 8-K NOV has filed with the SEC since September 12, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
NOV reported third-quarter 2026 revenue of $2.23 billion, up 2% from a year earlier, and net income attributable to the company of $90 million, or $0.25 per diluted share, versus $42 million a year earlier. For the fourth quarter, management expects revenue roughly flat year-over-year and Adjusted EBITDA of $260 million to $300 million, and it expects Middle East activity to moderate.
Third-quarter revenue of $2.23 billion, up 2% year-over-year and 4% sequentially; bookings of $577 million, a book-to-bill of 91%
Net income attributable to the company of $90 million, or $0.25 per diluted share, compared with $42 million a year earlier
Adjusted EBITDA of $281 million, up $23 million year-over-year, including about $5 million of tariff refund benefits
Fourth-quarter 2026 outlook: revenue roughly flat year-over-year; Adjusted EBITDA between $260 million and $300 million
NOV reported second-quarter 2026 revenue of $2.13 billion, down 2% from a year earlier but up 4% from the first quarter, and net income of $112 million, or $0.31 per diluted share, up $4 million year-over-year. The results include a benefit of about $40 million related to tariff refunds, and management expects third-quarter revenue flat to up 2% year-over-year with Adjusted EBITDA of $240 million to $270 million, compared with $283 million in the second quarter. Lower revenue alongside slightly higher profit makes the results mixed for shareholders.
Revenue of $2.13 billion, down 2% year-over-year and up 4% sequentially
Net income of $112 million, or $0.31 per diluted share, up $4 million year-over-year
Adjusted EBITDA of $283 million, up $31 million year-over-year, including about $40 million tariff refund benefit
Third-quarter 2026 guidance: revenue flat to up 2% year-over-year; Adjusted EBITDA $240 million to $270 million
NOV reported first-quarter 2026 revenue of $2.05 billion, down 2% from a year earlier, and net income of $19 million, or $0.05 per diluted share, versus $73 million, or $0.19, in the first quarter of 2025. The company estimated the Middle East conflict reduced revenue by $54 million and Adjusted EBITDA by $32 million, and guided to second-quarter revenue down 4% to 6% year over year and Adjusted EBITDA of $185 million to $215 million.
Revenue of $2.05 billion, down 2% year over year; Energy Products and Services revenue fell 10% to $897 million
Net income of $19 million, or $0.05 per diluted share, compared with $73 million, or $0.19, a year earlier
Adjusted EBITDA of $177 million, down from $252 million; the Middle East impact was estimated at $32 million
Second-quarter 2026 outlook: revenue down 4% to 6% year over year; Adjusted EBITDA of $185 million to $215 million
NOV Inc. said operational disruptions from the war in the Middle East will leave first quarter 2026 revenue and earnings below its prior guidance. It currently expects revenue of $2.05 billion, operating profit of $47 million, and Adjusted EBITDA of $177 million, with full results due April 27, 2026.
Preliminary Q1 2026 revenue of $2.05 billion, operating profit of $47 million, and Adjusted EBITDA of $177 million, all below prior guidance
Middle East conflict estimated to have reduced revenue by $54 million and Adjusted EBITDA by about $32 million
Full first quarter results to be released after market close on April 27, 2026, with a conference call on April 28, 2026 at 10 a.m. Central Time
NOV Inc. appointed Sanjay K. Chowbey, President and CEO of Kennametal Inc., as a director effective March 17, 2026, expanding the board to nine members, eight of them independent. He will also serve on the Audit Committee. The filing describes a routine board addition with no financial results or guidance attached.
Sanjay K. Chowbey, age 58, appointed to the board on March 17, 2026, with a term expiring at the next annual meeting
He will serve on the Audit Committee and receive the company's standard non-employee director compensation
Board now has nine directors, eight of whom are independent
Chowbey is President and CEO of Kennametal Inc. (NYSE: KMT) and also serves on that company's board
NOV Inc. disclosed that director Ben A. Guill resigned from its Board of Directors, effective after the February 19, 2026 Board meeting. He cited his future personal schedule and other time commitments, and the company said the resignation was not due to any dispute or disagreement with the company or the Board.
Ben A. Guill resigned as a director effective after the February 19, 2026 Board meeting.
Stated reason: future personal schedule and other time commitments.
The company said there was no dispute or disagreement on operations, policies, or practices.
NOV reported fourth-quarter 2025 revenue of $2.28 billion, down 1% from a year earlier, and a net loss of $78 million, or $0.21 per share, compared with net income of $160 million in the same quarter of 2024. The company guided first-quarter 2026 revenue down 1% to 3% year over year and Adjusted EBITDA of $200 million to $225 million, and expects full-year 2026 EBITDA in line to slightly lower than 2025, which weighs on near-term earnings for shareholders.
Q4 2025 net loss of $78 million, or $0.21 per share, versus net income of $160 million a year earlier; results include $86 million in pre-tax Other Items, mainly goodwill and long-lived asset impairments
Q4 2025 revenue of $2.28 billion, down 1% year over year; Adjusted EBITDA of $267 million, down 12%
Full-year 2025 net income of $145 million, or $0.39 per share, down from $635 million in 2024; full-year free cash flow of $876 million
Q1 2026 guidance: consolidated revenue down 1% to 3% year over year and Adjusted EBITDA of $200 million to $225 million
NOV Inc. said Chairman and CEO Clay Williams will resign from the board effective January 1, 2026 and retire February 28, 2026. President and COO Jose Bayardo will succeed him as Chairman, President and CEO on January 1, 2026, with a base salary increase to $950,000 and his target bonus raised to 125% of salary. The change is a planned CEO succession, and the filing states no dispute with the board led to the resignation.
Clay Williams resigns from the board effective January 1, 2026 and retires February 28, 2026; he will advise the company until retirement.
Jose Bayardo, 54, becomes Chairman, President and CEO effective January 1, 2026; he has been President and COO since March 2025.
Bayardo's base salary rises to $950,000 and his target bonus rises from 100% to 125% of base salary, effective January 1, 2026.
Bayardo joined NOV in 2015 as Senior Vice President and CFO; the filing states Williams' resignation is not due to any dispute with the company or board.
NOV reported third-quarter 2025 revenue of $2.18 billion, down 1% from a year earlier, while net income fell 68% to $42 million, or $0.11 per share, after $65 million in Other Items tied mainly to asset write-downs, inventory and severance charges. For the fourth quarter, management expects year-over-year revenue to decline 5% to 7%, with Adjusted EBITDA of $230 million to $260 million. The company also appointed President and Chief Operating Officer Jose A. Bayardo to its board, expanding it to ten directors.
Q3 2025 revenue of $2.18 billion, down 1% year over year; Adjusted EBITDA of $258 million, down 10%.
Net income of $42 million, or $0.11 per share, compared with $130 million, or $0.33 per share, in Q3 2024.
Q4 2025 guidance: revenue down 5% to 7% year over year; Adjusted EBITDA between $230 million and $260 million.
Bookings of $951 million (book-to-bill of 141%) and free cash flow of $245 million; $108 million returned to shareholders.
NOV reported second quarter 2025 revenue of $2.19 billion, down 1% from a year earlier but up 4% sequentially, and net income of $108 million, or $0.29 per share, down 52%. The company said the decline in net income was primarily due to a pre-tax gain of approximately $130 million on a business sale in the second quarter of 2024. For the third quarter, management expects revenue to fall 1% to 3% year-over-year and Adjusted EBITDA of $230 million to $250 million, compared with $252 million in the second quarter.
Q2 2025 revenue of $2.19 billion, down 1% year-over-year and up 4% sequentially
Net income of $108 million, or $0.29 per share, down 52%; prior-year period included a pre-tax gain of approximately $130 million on a business sale
Q3 2025 outlook: consolidated revenue down 1% to 3% year-over-year; Adjusted EBITDA of $230 million to $250 million
Returned $176 million to shareholders in Q2, including $69 million of share repurchases and a $0.21 per share supplemental dividend
NOV Inc. reported first-quarter 2025 revenue of $2.10 billion, down 2% from a year earlier, and net income of $73 million, or $0.19 per share, down 39%. Adjusted EBITDA rose 5% to $252 million, and the company guided to second-quarter revenue down 1% to 4% year over year, with Adjusted EBITDA of $250 million to $280 million. For shareholders, lower profit and a softer revenue outlook sit alongside higher cash flow and $109 million returned through buybacks and dividends.
Q1 2025 revenue was $2.10 billion, down 2%; operating profit fell 6% to $152 million
Net income was $73 million, or $0.19 per share, versus $119 million in Q1 2024
Q2 2025 guidance: consolidated revenue down 1% to 4% year over year; Adjusted EBITDA $250 million to $280 million
Returned $109 million to shareholders in Q1, including $81 million of share repurchases
NOV Inc. appointed CFO Jose Bayardo as President and Chief Operating Officer and named Rodney Reed, previously president of its Process Flow Technologies unit, as Senior Vice President and Chief Financial Officer, both effective March 17, 2025. The changes are part of the company's long-term succession planning and come with higher base salaries and bonus targets, plus one-time equity awards of $1,150,000 each.
Jose Bayardo: President and COO, base salary raised to $850,000, target bonus 100% of base salary
Rodney Reed: SVP and CFO, base salary raised to $575,000, target bonus 85% of base salary
Each executive receives a one-time LTIP supplemental award of $1,150,000, split 50% restricted stock units and 50% performance awards
Changes announced in a press release dated March 19, 2025; the filing was made March 20, 2025
NOV reported fourth-quarter 2024 revenue of $2.31 billion, down 1% from a year earlier, and net income of $160 million, or $0.41 per diluted share, versus $598 million a year earlier. That prior-year figure included a $485 million release of deferred tax valuation allowances. For the first quarter of 2025, management expects revenue to fall 1% to 3% year over year and Adjusted EBITDA of $235 million to $265 million.
Q4 2024 operating profit rose 29% to $207 million; Adjusted EBITDA rose 3% to $302 million.
Q4 2024 net income was $160 million, or $0.41 per diluted share, compared with $598 million, or $1.51 per diluted share, in Q4 2023.
Full-year 2024 revenue was $8.87 billion, up $287 million, and full-year net income was $635 million, down from $993 million.
NOV returned $337 million to shareholders in 2024 and expects to return at least 50% of Excess Free Cash Flow annually.
NOV Inc. appointed Christian S. Kendall, former President and CEO of Denbury Inc., as a director effective December 15, 2024, with a term ending at the next annual meeting. He will serve on the Audit Committee, and the board now has eleven directors, ten of them independent.
Christian S. Kendall appointed to the Board on December 15, 2024, and will serve on the Audit Committee
Kendall has more than 30 years of oil and gas experience, including as director, President and CEO of Denbury Inc. before its acquisition by Exxon Mobil in November 2023
Board now has eleven directors, ten of whom are independent
NOV reported third-quarter 2024 revenue of $2.19 billion, roughly flat year over year, and net income of $130 million, or $0.33 per share, up $16 million from a year earlier. For the fourth quarter, management expects consolidated revenue to fall 3% to 5% year over year, with Adjusted EBITDA of $280 million to $300 million, and full-year Adjusted EBITDA near the lower end of its prior $1.10 billion to $1.18 billion range.
Q3 2024 revenue was $2.19 billion, up $6 million from Q3 2023; Adjusted EBITDA rose 7% to $286 million.
Q3 net income was $130 million, or $0.33 per share, up $16 million, or $0.04 per share, year over year.
Q4 2024 guidance: consolidated revenue down 3% to 5% year over year and Adjusted EBITDA of $280 million to $300 million.
Q3 free cash flow was $277 million; NOV repurchased 4.6 million shares for $80 million and returned $109 million to shareholders in total.
NOV entered a five-year unsecured revolving credit facility of up to $1.5 billion with Wells Fargo as administrative agent, and terminated its $2.0 billion 2017 facility, which was scheduled to expire in October 2025. The company says it paid no termination penalties, and the new facility can be increased to $2.5 billion with lender consent, giving NOV a longer-dated borrowing source.
New $1.5 billion unsecured revolving credit facility dated September 12, 2024, with initial maturity in September 2029
Two one-year extension options, subject to consent of extending lenders; commitments can increase to $2.5 billion
Prior $2.0 billion 2017 facility terminated on September 12, 2024, with no termination penalties
Proceeds to be used for working capital and general corporate purposes
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every NOV filing is on SEC EDGAR ↗. 8-K briefs of other companies →