NOV delivered a massive earnings beat on energy equipment strength, with adjusted EPS nearly doubling the estimate on offshore production gains, and management signaling the start of a synchronized global energy recovery from a decade of underinvestment. Free cash flow turned negative at $64 million as working capital consumed cash, tempering otherwise bullish forward guidance.
NOV :
NOV
NOV
Stock Data
$20.91
$0.11 (0.52%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
ENERGY
Industry
OIL & GAS EQUIPMENT & SERVICES
NOV Inc., based in Houston, Texas, is a leading provider of equipment and technology for the oil and gas drilling industry, as well as for the industrial and renewable energy sectors. With a history dating back to 1862, NOV offers a wide range of products and services including drilling optimization, waste management, hydraulic fracturing tools, and offshore production technologies. The company also specializes in manufacturing industrial pumps and mixers, and provides comprehensive support services such as spare parts, repair, and training. NOV is committed to innovation and excellence in serving the energy industry worldwide.
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