NOV Inc. Reports Mixed Q1 2025 Results Amid Challenges

NOV Inc. ( (NOV) ) has released its Q1 earnings. Here is a breakdown of the information NOV Inc. presented to its investors.

NOV Inc., a leading provider of technology-driven solutions for the global energy industry, reported its first quarter 2025 earnings, showcasing a mix of financial performance metrics amidst a challenging economic environment. The company, which specializes in innovations for oilfield operations and energy transition, continues to leverage its expertise to support the energy sector.

In the first quarter of 2025, NOV Inc. reported a net income of $73 million, or $0.19 per share, which marks a decrease from the previous year. Despite a two percent decline in revenue to $2.10 billion, the company achieved an adjusted EBITDA of $252 million, reflecting a five percent increase year-over-year. The company returned $109 million to shareholders through share repurchases and dividends, demonstrating a commitment to shareholder value.

Key financial highlights include a decrease in revenues for both the Energy Products and Services and Energy Equipment segments, with the latter seeing an increase in operating profit and adjusted EBITDA due to improved pricing and execution. Notably, NOV secured significant contracts, including agreements with Petrobras and a Japanese customer, reinforcing its leadership in subsea production infrastructure and cable-lay technology.

Looking ahead, NOV anticipates ongoing macroeconomic and geopolitical uncertainties, which may impact activity levels in the second half of the year. However, the company remains optimistic about its ability to navigate these challenges, expecting modest sequential revenue improvement in the second quarter of 2025. NOV’s strategic focus on technology and operational efficiency positions it well to continue supporting its customers and delivering value.