NYSEEnergyOil & Gas Equipment & ServicesS&P MidCap 400
$17.56
+0.17 (+0.98%)
Close of Nov 06, 2026 · end-of-day data
NOV 8-K filings in 2025
Every material Form 8-K NOV filed with the SEC in 2025, 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 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.
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 →