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NOV (NOV)
NYSE:NOV
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.3Last Year’s EPS
0.25Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 28, 2025
|% Change Since: 2.16%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Neutral
The earnings call indicates a company that is performing well in certain areas, such as EBITDA growth, cash flow, and offshore production, while facing significant challenges from tariffs, macroeconomic uncertainty, and specific market declines. The company is making strategic adjustments to mitigate these challenges, but the outlook is cautious.Company Guidance
During the Q1 2025 earnings call, NOV Inc. reported several key metrics and provided guidance for the upcoming quarters. The company recorded revenues of $2.1 billion and a net income of $73 million, translating to $0.19 per fully diluted share. Adjusted EBITDA was $252 million, representing 12% of sales, an increase of 80 basis points year-over-year. The Energy Equipment segment improved its margins by 430 basis points compared to Q1 2024, driven by strong demand for deepwater production equipment and cost reductions. However, the Energy Products and Services segment faced margin pressures due to a decline in drilling-related capital equipment sales, despite outperforming a 5% reduction in global drilling activity. Looking ahead, NOV expects modest sequential growth in revenues and EBITDA for Q2 2025 but anticipates potential challenges in the latter half of the year due to macroeconomic headwinds, including an emerging trade war and OPEC's decision to increase oil supply. The company remains focused on operational efficiencies and cost management to navigate these uncertainties.Improved EBITDA and Cash Flow
NOV reported an EBITDA of $252 million for Q1 2025, marking a 5% increase. EBITDA margins expanded by 80 basis points to 12%, with 14 consecutive quarters of year-over-year margin improvement. Additionally, NOV generated $135 million in cash from operations and $51 million in free cash flow.
Strong Performance in Energy Equipment Segment
The Energy Equipment segment increased margins by 430 basis points to 14.4% of sales, driven by high-margin backlog and operational efficiencies. Bookings for the quarter increased by 12% year-over-year, with a backlog of $4.41 billion, up 12% from Q1 2024.
Offshore Production Outlook
The outlook for offshore production remains robust, with 2025 potentially having more awards for FPSOs than previous years. NOV's subsea flexible pipe business and Process Systems continue to show strong performance, with significant revenue growth and improved margins.
Strategic Positioning and Product Innovation
NOV introduced new products that improve efficiency, safety, and environmental impact, gaining significant market share. The company is well-positioned to supply technologies needed for deepwater and international shales, anticipating future industry trends.
NOV Earnings History
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
NOV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 28, 2025 | $12.02 | $11.79 | -1.91% |
Feb 04, 2025 | $14.25 | $16.06 | +12.70% |
Oct 24, 2024 | $14.84 | $15.29 | +3.03% |
Jul 25, 2024 | $18.07 | $19.21 | +6.31% |
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 NOV (NOV) report earnings?
NOV (NOV) is schdueled to report earning on Jul 23, 2025, TBA Not Confirmed.
What is NOV (NOV) earnings time?
NOV (NOV) earnings time is at Jul 23, 2025, TBA Not 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 NOV EPS forecast?
NOV EPS forecast for the fiscal quarter 2025 (Q2) is 0.3.