NOV declares regular quarterly dividend and supplemental dividend
The board declared a $0.09 per share regular dividend and a $0.09 supplemental dividend as part of the 2025 return of capital plan.
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Oilfield equipment and technology provider
nov.comLast updated
In short: NOV faced a net income decline to $19M in Q1 2026 due to Middle East disruptions, while maintaining its capital return plan and dividend growth.
The board declared a $0.09 per share regular dividend and a $0.09 supplemental dividend as part of the 2025 return of capital plan.
Revenue fell 2% to $2.05 billion, and net income decreased $54 million year-over-year, with Middle East disruptions impacting operations.
Revenue and earnings expected below guidance due to Middle East conflict disruptions.
The $200 million investment will roughly double capacity at its Açu, Brazil facility to meet growing demand.
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Bayardo shared, "We expect overall upstream spending to contract slightly from 2025 levels with reductions in North America being greater than international and offshore markets...
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