Energy tech firm NOV's Q4 revenue beats estimates

Overview

• Energy technology firm's Q4 revenue rose 5% sequentially, beating analyst expectations

• Company posted Q4 net loss of $78 mln due to higher effective tax rates

• Company returned $505 mln to shareholders in 2025

Outlook

• Company expects Q1 2026 revenue to decline 1-3% year-over-year

• Company anticipates Q1 2026 adjusted EBITDA between $200 mln and $225 mln

• Company expects full-year 2026 EBITDA in line to slightly lower than 2025

Result Drivers

• ENERGY EQUIPMENT - Revenue growth driven by strong execution on backlog, despite lower demand for aftermarket parts

• ENERGY PRODUCTS AND SERVICES - Revenue decline due to reduced global activity and increased tariffs

• CASH FLOW STRENGTH - Strong cash flow driven by operational efficiencies and market share gains

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 10 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the oil related services and equipment peer group is "buy"

• Wall Street's median 12-month price target for Nov Inc is $18.00, about 7.1% below its February 4 closing price of $19.38

• The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nGNX3hgwXR

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.