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/Mis Actual Consensu

s s

Estimate

Q3 Beat $2.18 $2.14

Revenue bln bln (14

Analysts

)

Q3 EPS $0.11

Q3 Net $44 mln

Income

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 ( NOV ) 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:

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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.)