DNOW's Merger Deal With MRC Global: What It Means for 2026

Key Takeaways DNOW targets $23M first-year synergies, aiming for $70M by year three.Midstream, gas utilities and data centers drive 2026 growth diversification.ERP disruptions risk delaying margin recovery toward 7-8% in late 2026.DNOW Inc. (DNOW) is emerging from its MRC Global combination with a larger footprint and a broader mix of end markets that tend to be less cyclical than pure upstream exposure. The setup for 2026 is centered on diversification, synergy capture and a recovery in activity in the sec ...