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DNOW — Third Quarter 2026 Earnings Summary

  • Revenue surged to $1,337 million in Q3 2026, more than doubling the $634 million reported in Q3 2025 and rising slightly from $1,307 million in Q2 2026; year-to-date revenue reached $3,827 million versus $1,861 million in the prior year.
  • Adjusted EBITDA climbed to $76 million (5.7% of revenue), nearly doubling Q1 2026 results and exceeding the $51 million from Q3 2025, while free cash flow generated $106 million for the quarter.
  • Management highlighted "outstanding execution" and broad-based growth across all geographic segments, with the gas utilities business posting its highest quarterly revenue in three years.
  • Capital return activity accelerated significantly, with $17 million in stock repurchases during the quarter and $92 million year-to-date, exceeding the total repurchased over the prior eleven quarters by 24 percent.
  • The company maintains a strong balance sheet with net debt leverage of 1.1 times, supported by $112 million in cash and cash equivalents and $377 million in total long-term debt.
Company
DNOW INC
Sector
Energy
Industry
Oil & Gas Equipment & Services