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Mar 31
NOV Q1 2025 Earnings Report
reported first quarter 2025 results
Key Takeaways
NOV Inc. reported solid results in Q1 2025 with revenues of $2.10 billion, a two percent decrease year-over-year. Net income decreased 39% to $73 million, or $0.19 per share, while Adjusted EBITDA increased five percent to $252 million. The company generated strong cash flow from operations of $135 million and free cash flow of $51 million, returning $109 million to shareholders through share repurchases and dividends.
Revenues decreased by two percent year-over-year to $2.10 billion.
Net income decreased by 39 percent year-over-year to $73 million.
Adjusted EBITDA increased by five percent year-over-year to $252 million.
Generated $135 million in cash flow from operations and $51 million in free cash flow.
NOV
NOV
NOV Revenue by Segment
Revenue by Segment
Energy Products & Svcs Revenue
CapyFin.comEnergy Equipment Revenue
CapyFin.com Forward Guidance
Management expects year-over-year consolidated revenues to be down one to four percent with Adjusted EBITDA between $250 million and $280 million for the second quarter of 2025. Macroeconomic and geopolitical uncertainties are expected to persist, potentially causing incrementally lower activity in the second half of the year.
Positive Outlook
- Expect modest sequential revenue improvement in the second quarter of 2025.
- Strong execution on large backlog of offshore production technologies.
- Accelerating adoption of new, differentiated technologies.
- Continued improvements to operational efficiencies.
- Leading market positions, technology, global footprint, and customer-focus to navigate challenges.
Challenges Ahead
- Expect year-over-year consolidated revenues to be down one to four percent in Q2 2025.
- Macroeconomic and geopolitical uncertainties are expected to persist.
- Weakening economic outlook.
- Global trade tensions.
- Incremental OPEC+ production increasing uncertainty and caution among customers.
Revenue & Expenses
Visualization of income flow from segment revenue to net income