NOV Inc. reported second-quarter 2025 revenues of $2.19 billion, a 1% decrease from the same period in 2024. Net income dropped 52% to $108 million, or $0.29 per share, primarily due to market headwinds and a shift in sales mix. Adjusted EBITDA decreased 10% to $252 million. Despite challenges, NOV remains focused on cost control and adjusting its global supply chain to mitigate increasing costs. Looking ahead, the company expects lower industry activity levels in the second half of 2025. NOV also secured several new contracts to provide innovative solutions in the energy sector.

NOV Inc. continues to innovate and secure contracts in the energy sector. The company was awarded a multi-year contract to provide instrumentation and digital services across a major US land drilling contractor’s fleet. Additionally, NOV signed contracts to engineer and supply MEG recovery systems, Submerged Swivel and Yoke systems, and surface automation packages for various projects globally. NOV is driving new standards in drilling performance with advanced technologies like the AgitatorX2 dual Agitator friction reduction and ION+ Intrepid 14.5 mm PDC cutters. The company remains committed to providing technology-driven solutions to the global energy industry.

Read more at GlobeNewswire: NOV Reports Second Quarter 2025 Results