Oilfield equipment provider NOV Q3 revenue beats estimates on strong production equipment demand

NOV

27/10/2025 21:54

Overview

NOV Q3 2025 revenue of $2.18 bln beats analyst expectations

Net income for Q3 2025 decreased 68% yr/yr to $42 mln

Adjusted EBITDA for Q3 2025 decreased 10% yr/yr to $258 mln

Outlook

Company expects Q4 2025 revenue to decline 5-7% year-over-year

Company anticipates Q4 2025 Adjusted EBITDA of $230 mln to $260 mln

Demand for production equipment remains strong amid offshore upcycle

Result Drivers

OFFSHORE BACKLOG - Strong execution on offshore production backlog helped maintain steady revenue and margins

EQUIPMENT DEMAND - Demand for production equipment remains strong as offshore upcycle gains momentum

INFLATIONARY PRESSURES - Inflationary pressures and lower global drilling activity impacted profitability

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$2.18 bln
$2.14 bln (14 Analysts)
Q3 EPS
$0.11
Q3 Net Income
$44 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 9 "hold" and 2 "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 $15.00, about 7% above its October 27 closing price of $13.95

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nGNXh0D50

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)