No connection

Search Results

Earnings Score 45 Bearish

NOV Slashes Q1 Guidance Amid Middle East Operational Disruptions

Apr 15, 2026 13:01 UTC
NOV
Short term

Oil field services provider NOV Inc. expects first-quarter results to fall short of previous guidance due to geopolitical instability. The company reports significant revenue and EBITDA losses stemming from safety and logistical challenges in the Middle East.

  • Q1 revenue forecast revised to $2.05 billion
  • Adjusted EBITDA expected at $177 million, missing the $200M-$225M target
  • Middle East conflict cited as the cause for $54 million in lost revenue
  • Operating profit projected at $47 million, down from $152 million in Q1 2025
  • Official earnings report scheduled for release on April 27

NOV Inc. (NOV) has warned investors that its first-quarter financial performance will miss previous expectations, citing the ongoing conflict in the Middle East as the primary driver for operational setbacks. The company, a key provider of oil field services, noted that persisting regional instability has created severe safety and logistical hurdles. These disruptions have directly eroded the company's top and bottom lines during the start of 2026. CEO Jose Bayardo estimated that the conflict reduced revenue by approximately $54 million and lowered adjusted EBITDA by roughly $32 million. Consequently, NOV now forecasts Q1 revenue of $2.05 billion, with an operating profit of $47 million and adjusted EBITDA of $177 million. This represents a sharp decline from the company's previous guidance, which had projected adjusted EBITDA between $200 million and $225 million. When compared to the first quarter of 2025, the downturn is even more pronounced; the company previously recorded an operating profit of $152 million and adjusted EBITDA of $252 million on $2.103 billion in revenue. Shares of NOV reacted slightly to the news, trading down 0.47% to $19.01 in pre-market activity. The company is scheduled to release its full official earnings report on April 27.

Sign up free to read the full analysis

Create a free account to unlock full AI-curated market articles, personalized alerts, and more.

Create Free Account Already have an account? Sign In
Share this article

Related Articles

Score 45 Bearish

Micron Shares Slide as ASML Earnings Spark Semiconductor Caution

Apr 15, 18:43

Stay Ahead of the Markets

Join thousands of traders using AI-powered market intelligence. Get personalized insights, real-time alerts, and advanced analysis tools.

Get Started Free View Plans
Features Terminal AI Assistant Analysis Market News Pricing
Start Trading with AI Already have an account? Sign In
Home
Terminal
AI
Markets
Profile