UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2023 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 (IRS Employer Identifi ...

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, 2022 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) Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0 ...

NOV Inc. (NYSE:NOV) Q4 2022 Results Conference Call February 7, 2023 11:00 AM ET Company Participants Blake McCarthy - VP, Corporate Development and IR Clay Williams - Chairman, President and CEO Jose Bayardo - SVP and CFO Conference Call Participants Jim Rollyson - Raymond James Chase Mulvehill - Bank of America Luke Lemoine - Piper Stanley Neil Mehta - Goldman Sachs Stephen Gengaro - Stifel Operator Good day, ladies and gentlemen. Welcome to the NOV Fourth Quarter 2022 Earnings Conference Call. At this ti ...

Financial Data and Key Metrics Changes - For Q3 2022, NOV reported revenues of $1.89 billion, a 9% sequential increase and a 41% year-over-year growth, with all segments showing solid double-digit growth [5][6][25] - Net income for the quarter was $32 million, with adjusted EBITDA reflecting a strong performance [5][25] - The overall book-to-bill ratio for Q3 was 98%, with Completion & Production Solutions achieving 116% while Rig Technologies fell below 1 [8][25] Business Line Data and Key Metrics Changes - **Wellbore Technologies**: Generated $741 million in revenue, up 11% sequentially and 46% year-over-year, with an EBITDA flow-through of 31% [27][28] - **Completion & Production Solutions**: Revenues reached $681 million, a 7% increase from Q2 and 42% from Q3 2021, with an adjusted EBITDA of $56 million [37][38] - **Rig Technologies**: Revenues were $511 million, an 11% sequential increase and a 31% year-over-year growth, with an adjusted EBITDA of $52 million [48][49] Market Data and Key Metrics Changes - North American drilling contractors represented the bulk of orders in Q3, contrasting with Q2 where international markets dominated [34] - The Middle East and other international markets are expected to see increased activity in 2023, driven by OPEC's investment strategies [12][13] Company Strategy and Development Direction - The company is focusing on maximizing recoveries from existing fields and improving safety performance while reducing greenhouse gas emissions [19][23] - NOV is investing in both traditional oil and gas technologies and renewable energy solutions, positioning itself as a leader in offshore wind installation technology [23][24] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the energy market despite recession fears, citing strong commodity prices and a significant energy shortfall due to underinvestment [7][16] - The company anticipates a growing demand for capital equipment orders in the coming quarters, despite current constraints [8][10] Other Important Information - The company completed the sale of its operations in Belarus and classified its Russian operations as assets held for sale, resulting in $76 million in impairment charges [25] - Cash flow used by operations was $106 million due to working capital builds, with capital expenditures totaling $59 million [25][26] Q&A Session Summary Question: Insights on margin influencers and delivery costs - Management noted ongoing supply chain issues but highlighted improvements in freight costs and delivery times, although challenges remain with certain components [56][58] Question: Capital return commitment - Management indicated a focus on returning capital to shareholders once leverage metrics improve, emphasizing historical cash flow generation capabilities [60][61] Question: Expectations for Rig Technologies' book-to-bill ratio - Management expressed confidence that Rig Technologies would return to a book-to-bill ratio above 1, citing strong order growth in both offshore and land markets [64][66] Question: Lead times for new build frac spreads and competition from secondary markets - Management reported that there is little used equipment available for refurbishment, with a preference for new equipment among pressure pumpers [72] Question: Update on revenue expectations for CCS and geothermal - Management highlighted strong growth in renewable energy initiatives, particularly in offshore wind and geothermal drilling, with a combined revenue of approximately $90 million in Q3 [75][76]

Nov, Inc. (NYSE:NOV) Q2 2022 Earnings Conference Call July 28, 2022 11:00 AM ET Company Participants Blake McCarthy - VP, Corporate Development & IR Clay Williams - Chairman, President & CEO Jose Bayardo - SVP & CFO Conference Call Participants Stephen Gengaro - Stifel, Nicolaus & Company David Anderson - Barclays Bank David Smith - Pickering Energy Partners Arun Jayaram - JPMorgan Chase & Co. Connor Lynagh - Morgan Stanley Marc Bianchi - Cowen and Company Operator Good day, ladies and gentlemen, and welcom ...

NOV, Inc. (NYSE:NOV) Q1 2022 Results Conference Call April 29, 2022 11:00 AM ET Company Participants Blake McCarthy - VP, Corporate Development & IR Clay Williams - Chairman, President & CEO Jose Bayardo - SVP & CFO Conference Call Participants Ian McPherson - Piper Sandler Scott Gruber - Citigroup Arun Jayaram - JPMorgan Marc Bianchi - Cowen Operator Good day, ladies and gentlemen, and welcome to the NOV First Quarter 2022 Earnings Conference Call. [Operator Instructions] As a reminder, this conference cal ...