The earnings call highlighted DNOW's strong financial performance and strategic growth initiatives, particularly in the midstream sector and through its merger with MRC Global. However, challenges remain in the Canadian and international markets due to seasonal and macroeconomic factors.

Company Guidance

During DNOW's second quarter 2025 earnings call, significant achievements and future guidance were discussed, with key metrics highlighting the company's performance and strategic direction. DNOW reported a record second quarter EBITDA of $51 million, representing 8.1% of revenue, driven by robust midstream sector growth, which now constitutes approximately 27% of total revenue. Total revenue for the quarter was $628 million, marking a 5% increase from the first quarter. The company's gross margins remained stable at 22.9%. DNOW generated $41 million in free cash flow and maintained a strong financial position with $232 million in cash and no debt. Looking ahead, DNOW projects a low single-digit percentage increase in third-quarter revenues, with EBITDA expected to approach 8% of revenues. For the full year 2025, DNOW reaffirms its guidance for revenues to be flat to up in the high single-digit percentage range from 2024 levels, with EBITDA potentially approaching 8% of revenue, and a target of $150 million in free cash flow.

Record-Breaking EBITDA Performance

The second quarter of 2025 represents the best second quarter EBITDA results in the company's public history at $51 million, up 11% sequentially.

Revenue Growth and Diversification

Revenue for the second quarter was $628 million, up 5% from the first quarter. The company's midstream business grew to approximately 27% of total DNOW revenue, more than doubling its contribution from the end of 2023.

Strong Financial Position

DNOW expanded its cash balance to $232 million, continues to carry no debt, and generated $41 million in free cash flow during the quarter.

MRC Global Transaction

DNOW's combination with MRC Global will generate $70 million of annual cost synergies within 3 years and is expected to drive significant value creation.

Now (DNOW) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

DNOW Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	0.23 / -	0.21	―	―	―
Aug 06, 2025	2025 (Q2)	0.21 / 0.27	0.25	8.00% (+0.02)
May 07, 2025	2025 (Q1)	0.17 / 0.22	0.21	4.76% (+0.01)
Feb 13, 2025	2024 (Q4)	0.13 / 0.25	0.22	13.64% (+0.03)
Nov 07, 2024	2024 (Q3)	0.21 / 0.21	0.25	-16.00% (-0.04)
Aug 07, 2024	2024 (Q2)	0.24 / 0.25	0.25	0.00% (0.00)
May 10, 2024	2024 (Q1)	0.23 / 0.21	0.25	-16.00% (-0.04)
Feb 15, 2024	2023 (Q4)	0.17 / 0.22	0.25	-12.00% (-0.03)
Nov 02, 2023	2023 (Q3)	0.25 / 0.25	0.3	-16.67% (-0.05)
Aug 02, 2023	2023 (Q2)	0.25 / 0.25	0.26	-3.85% (-0.01)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DNOW Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$15.24	$14.10	-7.48%
May 07, 2025	$16.03	$14.66	-8.55%
Feb 13, 2025	$14.14	$16.98	+20.08%
Nov 07, 2024	$13.75	$13.74	-0.07%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Now (DNOW) report earnings?

Now (DNOW) is schdueled to report earning on Oct 29, 2025, Before Open (Confirmed).

What is Now (DNOW) earnings time?

Now (DNOW) earnings time is at Oct 29, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is DNOW EPS forecast?

DNOW EPS forecast for the fiscal quarter 2025 (Q3) is 0.23.

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