NOV falls as profit drops, war disrupts operations

NOV

27/04/2026 23:31

** Shares of Oilfield services firm NOV NOV.N down 8.1% at $19.14 in extended trading

** Co reports adj core profit of $177 mln compared to $252 mln a year ago

** Co expects Q2 revenue to fall 4% to 6% year-over-year, with adjusted EBITDA of $185 million to $215 million

** "The war's impact on logistics delayed quarter-end deliveries of equipment and spare parts, disrupted offshore service and repair activity, and increased operating costs in the region, resulting in an estimated impact of $54 million in revenue and $32 million in Adjusted EBITDA," says Jose Bayardo, Chairman, President and CEO

** Co reports revenue of $2.052 bln compared to analysts estimates of $2.055 bln - LSEG data

** Up to last close, NOV up 33.2% YTD

 (Reporting by Varun Sahay in Bengaluru)

 ((Varun.sahay@thomsonreuters.com))