NOV net income falls 39% to $73 million as first-quarter revenue slips 2%
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.
Key points
- 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
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:59 AM ET, from the text of the filing and its press-release exhibits 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 April 29, 2025.
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.