NOV Inc. ( (NOV) ) has released its Q2 earnings. Here is a breakdown of the information NOV Inc. presented to its investors.
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NOV Inc., a leading provider of technology-driven solutions for the energy industry, reported its financial results for the second quarter of 2025, showcasing its efforts to navigate a challenging market environment. The company is known for its innovations that enhance oilfield operations and support the energy transition towards sustainability.
In the second quarter of 2025, NOV Inc. achieved revenues of $2.19 billion, marking a 4% sequential increase but a 1% decline year-over-year. The company reported a net income of $108 million, or $0.29 per share, with an adjusted EBITDA of $252 million. Despite a decrease in net income and operating profit compared to the previous year, NOV returned $176 million to shareholders through share repurchases and dividends.
Key financial metrics revealed a mixed performance, with revenues from Energy Products and Services decreasing by 2% year-over-year, while Energy Equipment revenues remained flat. Operating profit for Energy Equipment was impacted by a prior year’s pre-tax gain from a business sale. The company faced challenges such as macroeconomic uncertainties and inflationary pressures, which affected margins and customer demand.
Looking forward, NOV Inc. anticipates continued market challenges in the second half of 2025, with expectations for offshore activity growth in 2026. The company remains committed to leveraging its technology leadership and customer focus to navigate the current environment and position itself for future growth in core markets.