NOV Inc. (NOV) is set to release first-quarter 2025 results on April 28, 2025. The Zacks Consensus Estimate for earnings is pegged at 25 cents per share and the same for revenues is pinned at $2.10 billion.Let us delve into the factors that are likely to have influenced the oilfield service provider’s performance in the to-be-reported quarter. But first, it is worth taking a look at NOV’s performance in the last reported quarter.Highlights of NOV’s Q4 Earnings & Surprise HistoryIn the last reported quarter, ...

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Nov Inc. due to lower revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - Nov Inc. is expected to report quarterly earnings of $0.25 per share, reflecting a -16.7% change year-over-year, with revenues projected at $2.1 billion, down 2.6% from the previous year [3]. - The consensus EPS estimate has been revised 2.09% lower in the last 30 days, indicating a bearish sentiment among analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -4%, complicating predictions for an earnings beat [10][11]. - A positive Earnings ESP is generally a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3, which increases the likelihood of a positive surprise [8]. Historical Performance - In the last reported quarter, Nov Inc. exceeded expectations by delivering earnings of $0.41 per share against an expected $0.35, resulting in a surprise of +17.14% [12]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [13]. Market Reaction Considerations - An earnings beat or miss alone may not dictate stock movement, as other factors can influence investor sentiment [14]. - Despite not appearing as a compelling earnings-beat candidate, other factors should be considered when evaluating the stock ahead of its earnings release [16].

NOV Inc. (NOV) , a global oilfield services firm, has inked an agreement with Petrobras S.A. (PBR) to develop CO2-resistant flexible pipes for deepwater oil and gas operations. The companies mentioned that stress corrosion cracking (SCC), which is caused byhigh CO2 concentration, is a significant challenge in oil and gas operations in deepwater and subsea environments.The collaboration aims to develop stainless steel that will help combat SCC, which affects oil and gas subsea infrastructure. Per the terms o ...

NOV Inc. (NOV) is a well-established provider of advanced equipment and technology for the oil, gas and renewable energy industries, with a history spanning over 160 years. The company plays an important role in global energy production, offering drilling systems, pressure control solutions and offshore wind technologies that support both traditional fossil fuel operations and the increasing transition toward renewable energy sources.Despite its strong market presence and continuous innovation, the stock ha ...

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 YEAR ENDED DECEMBER 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-12317 NOV INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 76-0475815 10353 Richmond Avenue ( ...

These days, NOV (NYSE: NOV ) is a shadow from ten-plus years ago before the oil price crash of 2015 when OPEC tried to bankrupt the United States shale producers. When last reviewing their shares around two years ago, myAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (othe ...

NOV Inc. Fourth Quarter and Full Year 2024 Earnings Presentation February 5, 2025 $1.11B Adjusted EBITDA1 38% Incremental margin $953MM Safe Harbor / Forward-Looking Statements / Non-GAAP Financial Measures Statements in this presentation, including statements regarding future financial performance, are forward-looking statements within the meaning of the federal securities laws. Statements of hopes, beliefs, expectations, and predictions of future performance are subject to numerous risks and uncertainties ...

Financial Data and Key Metrics Changes - For Q4 2024, NOV reported revenues of $2.31 billion and net income of $160 million, resulting in fully diluted earnings of $0.41 per share, with EBITDA at $302 million or 13.1% of sales [5][7] - Full year 2024 revenues increased by 3% to $8.87 billion, with net income of $635 million or $1.60 per share, and EBITDA increased to $1.1 billion or 12.5% of sales [9][36] - The company achieved a book-to-bill ratio of 121% for Q4 and 122% for the full year, with a backlog growth of 22% over the past four years [8][36] Business Line Data and Key Metrics Changes - The Energy Equipment segment grew its revenue by 5% and expanded segment margins by 250 basis points, benefiting from supply chain recovery and higher margin contracts [10][12] - The Energy Products and Services segment saw modest revenue growth despite a 5% decline in global drilling activity, with margins falling 120 basis points year over year due to decreased demand for drill pipe [13][42] - Digital services gained traction, with user numbers more than doubling through 2024, indicating a strong market adoption of NOV's digital solutions [14][15] Market Data and Key Metrics Changes - North American drilling activity was down 9% year over year, while international markets remained flat, impacting the overall revenue growth [36][41] - The Middle East is expected to see mixed activity, with declines in Saudi Arabia offset by increases in Kuwait, UAE, and Oman, while Latin America, particularly Brazil, remains strong [22][30] - Offshore drilling customers are concerned about lower utilization rates, but there is optimism for increased contracting activity in the second half of 2025 [25][26] Company Strategy and Development Direction - NOV aims to capitalize on growing demand for deepwater exploration and production equipment, with a focus on enhancing its technology leadership and market share [11][20] - The company is actively increasing its fleet of proprietary drill bits and downhole tools to respond to market demand, expecting further share gains despite North American activity softness [21][30] - A disciplined capital allocation strategy is in place, with a commitment to return at least 50% of excess free cash flow to shareholders [32][40] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for margin improvements in 2025, driven by better quality margins from backlog and operational efficiencies [31][72] - Concerns regarding potential oversupply and cautious spending plans among producers were noted, but management remains confident in NOV's ability to outperform activity levels [17][19] - The company anticipates a flattish environment in 2025, with expectations for margin expansion despite macroeconomic uncertainties [31][32] Other Important Information - NOV generated $953 million in free cash flow for the full year 2024, with a conversion rate of 86% from EBITDA [17][36] - The company repurchased 7.5 million shares for $112 million and paid a $29 million dividend, returning a total of $337 million to shareholders during the year [39][40] - The backlog for the Energy Equipment segment ended 2024 at $4.43 billion, up 7% from the previous year, despite currency impacts [58][60] Q&A Session Summary Question: Guidance on margin improvement for 2025 - Management acknowledged various headwinds but remains optimistic about margin increases, particularly in the Energy Equipment segment, which saw significant year-over-year margin growth [70][72] Question: Return of capital strategy and free cash flow expectations - Management confirmed a commitment to return at least 50% of excess free cash flow to shareholders, with expectations for continued strong free cash flow generation in 2025 [85][92] Question: Outlook for the offshore market and contracting activity - Management noted mixed signals in the offshore market, with expectations for improved contracting activity in 2026, while current demand remains stable [99][101]

NOV Inc. (NOV) reported fourth-quarter 2024 adjusted earnings of 41 cents per share, which beat the Zacks Consensus Estimate of 35 cents. This outperformance can be attributed to better-than-expected cost control and higher-margin projects in its Energy Equipment segment. However, the bottom line decreased from the year-ago quarter’s 54 cents.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The oil and gas equipment and services company’s total revenues of $2.3 billion beat the Zacks ...

Exhibit 99.1 NEWS Contact: Amie D'Ambrosio (713) 375-3826 FOR IMMEDIATE RELEASE NOV REPORTS FOURTH QUARTER AND FULL-YEAR 2024 EARNINGS * Free Cash Flow, Excess Free Cash Flow and Adjusted EBITDA are non-GAAP measures, see "Non-GAAP Financial Measures," "Reconciliation of Cash Flows from Operating Activities to Free Cash Flow and Excess Free Cash Flow," and "Reconciliation of Net Income to Adjusted EBITDA" below. HOUSTON, TX, February 4, 2025 NOV Inc. (NYSE: NOV) today reported fourth quarter 2024 revenues o ...