Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _______ TO _______ Commission file number: 001-35479 MRC GLOBAL INC. (Exact name of registrant as ...

Revenue Performance - Revenue for the three months ended March 31, 2022, increased by 8% sequentially from the previous quarter, outperforming initial expectations[67]. - The gas utility sector accounted for 37% of total company revenue, with a 29% increase in sales compared to the same period in 2021[68]. - The downstream, industrial, and energy transition (DIET) sector generated 30% of total revenue, growing 16% from the first quarter of 2021[71]. - Upstream production revenue increased by 24% year-over-year, while midstream pipeline revenue rose by 12% in the same period[73]. - The company expects double-digit revenue improvement for 2022, driven by increased customer spending levels[67]. Sales and Profitability - Sales for the three months ended March 31, 2022, were $742 million, an increase of $133 million, or 22%, compared to $609 million for the same period in 2021[87]. - U.S. sales increased to $618 million for the three months ended March 31, 2022, from $484 million for the same period in 2021, reflecting a $134 million, or 28%, increase[88]. - Gross profit was $136 million (18.3% of sales) for the three months ended March 31, 2022, compared to $103 million (16.9% of sales) for the same period in 2021[91]. - Adjusted Gross Profit increased to $152 million (20.5% of sales) for the three months ended March 31, 2022, from $118 million (19.4% of sales) for the same period in 2021[92]. - Operating income was $29 million for the three months ended March 31, 2022, compared to operating income of $3 million for the same period in 2021, an increase of $26 million[94]. - Net income was $16 million for the three months ended March 31, 2022, compared to a net loss of $3 million for the same period in 2021[99]. - Adjusted EBITDA was $48 million (6.5% of sales) for the three months ended March 31, 2022, compared to $24 million (3.9% of sales) for the same period in 2021[100]. Market Conditions - Inflation and supply chain disruptions have led to significant increases in transportation costs, impacting overall profitability[78]. - The average Brent crude oil price during the first quarter of 2022 was over $100 per barrel, while West Texas Intermediate averaged approximately $95 per barrel[76]. - Average Commodity Prices for WTI crude oil rose to $95.18 per barrel for the three months ended March 31, 2022, compared to $58.09 for the same period in 2021[85]. Growth Potential - The compound annual growth rate for the gas utility sector since 2010 is 11%, indicating steady growth potential[70]. - The company is well-positioned to benefit from the growth of liquefied natural gas (LNG) infrastructure as Europe seeks alternatives to Russian gas supplies[77]. - The energy transition segment is expected to grow as pressure to decarbonize the economy increases, with low-emission valves representing 94% of valve revenue[72]. Financial Position - The backlog as of March 31, 2022, was $667 million, up from $520 million as of December 31, 2021[84]. - As of March 31, 2022, total liquidity was $545 million, consisting of $31 million in cash and $514 million of excess availability under the Global ABL Facility[106]. - Net cash used in operating activities was $13 million for the three months ended March 31, 2022, a decrease from $24 million provided in the same period of 2021, primarily due to increased working capital[111]. - The company had capital expenditures of $2 million for the three months ended March 31, 2022, compared to $1 million in the same period of 2021[112]. - The outstanding balance on the Term Loan as of March 31, 2022, was $297 million, with no excess cash flow payment required for 2021[104]. - The Global ABL Facility was amended to provide $705 million in revolver commitments, maturing in September 2026, with an accordion feature allowing an increase of up to $250 million[105]. - The company used $6 million to pay dividends on preferred stock for the three months ended March 31, 2022, consistent with the prior year[113]. - The company is not required to make an excess cash flow payment if the senior secured leverage ratio is less than or equal to 2.50 to 1.00[104]. - The company’s credit ratings are below investment grade, which may impact future borrowing costs and ability to raise funds[107]. Operational Metrics - Average Rig Count in the U.S. increased to 633 for the three months ended March 31, 2022, from 393 for the same period in 2021[85].

MRC Global Inc. (NYSE:MRC) Q1 2022 Earnings Conference Call May 10, 2022 10:00 AM ET Company Participants Monica Broughton - Investor Relations Robert Saltiel - President & CEO Kelly Youngblood - EVP & CFO Conference Call Participants Cole Couzens - Stephens Inc. Kenneth Newman - KeyBanc Capital Markets Adam Farley - Stifel Operator Greetings, and welcome to the MRC Global's First Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session ...

MRC Global 4Q 2021 Earnings Presentation February 15, 2022 Rob Saltiel President & CEO Kelly Youngblood Executive Vice President & CFO 1 2 Forward Looking Statements Non-GAAP Disclaimer • long-term debt, net (net debt) In this presentation, the company is providing certain non-GAAP financial measures. These are not measures of financial performance calculated in accordance with U.S. Generally Accepted Accounting Principles (GAAP) and should not be considered as alternatives. The following GAAP measures have ...

MRC Global Inc. (NYSE:MRC) Q4 2021 Earnings Conference Call February 16, 2022 10:00 AM ET Company Participants Rob Saltiel ??? President and Chief Executive Officer Kelly Youngblood ??? Executive Vice President and Chief Financial Officer Monica Broughton ??? Investor Relations Conference Call Participants Nathan Jones ??? Stifel Jonathan Hunter ??? Cowen Doug Becker ??? Benchmark Research Kenneth Newman ??? KeyBanc Capital Markets Operator Greetings and welcome to MRC Global Fourth Quarter 2021 Earnings Co ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file number: 001-35479 MRC GLOBAL INC. (Exact name of registrant as specified in its charter) Delaware 20-5956993 (State or Other J ...

1 MRC Global Investor Presentation - 3Q 2021 Update November 16, 2021 Rob Saltiel President & CEO Kelly Youngblood Executive Vice President & CFO 2 Forward Looking Statements Non-GAAP Disclaimer This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Words such as "will," "expect," "look forward," "guidance," "targeted", "goals", and similar expressions are intended to identify forward-looking statements. Statements a ...

MRC Global, Inc. (NYSE:MRC) Q3 2021 Earnings Conference Call November 9, 2021 10:00 AM ET Company Participants Monica Broughton - IR Rob Saltiel - President and CEO Kelly Youngblood - EVP and CFO Conference Call Participants Doug Becker - Benchmark Research Nathan Jones - Stifel Cameron Lochridge - Stevens Jon Hunter - Cowen Ken Newman - KeyBanc Capital Markets Operator Greetings and welcome to MRC Global???s Third Quarter Earnings Conference Call. at this time, all participants are in a listen-only mode. A ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _______ TO _______ Commission file number: 001-35479 MRC GLOBAL INC. (Exact name of registran ...

1 MRC Global 3Q 2021 Earnings Presentation November 8, 2021 Rob Saltiel President & CEO Kelly Youngblood Executive Vice President & CFO 2 Forward Looking Statements Non-GAAP Disclaimer This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Words such as "will," "expect," "look forward," "guidance," "targeted", "goals", and similar expressions are intended to identify forward-looking statements. Statements about the c ...