---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-048681"
form_type: "8-K"
ticker: "NOV"
cik: "0001021860"
company_name: "NOV Inc."
filed_at: "2024-04-26T23:59:59+00:00"
generated_at: "2026-06-03T06:09:24.276538+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# NOV Q1 revenue $2.16B (+10%); plans $1B buyback, 50% dividend increase

## Summary
- Q1 revenue $2.16B (+10% YoY); net income $119M (-$7M YoY); EPS $0.30 (-$0.02).
- Adjusted EBITDA $241M (+$46M YoY); operating profit $162M (+$36M).
- Plans to return at least 50% of excess free cash flow annually via dividends, buybacks, and supplemental dividends.
- Board authorized $1B share repurchase over 36 months; dividend to rise 50% to $0.075/qtr starting June 2024.

## SEC filing metadata
- accession: 0000950170-24-048681
- form_type: 8-K
- ticker: NOV
- cik: 0001021860
- company_name: NOV Inc.
- filed_at: 2024-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1021860/000095017024048681/0000950170-24-048681-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1021860/000095017024048681/nov-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-048681
- JSON: https://secwatch.observer/filing/0000950170-24-048681.json
- Plain text: https://secwatch.observer/filing/0000950170-24-048681.txt

## Key facts
- Earnings Releases
  NOV Inc. reported first quarter 2024 results: revenue $2.16 billion, net income $119 million, EPS $0.30.
  - Period: first quarter 2024
  - Revenue: $2.16 billion
  - Net income: $119 million
  - EPS: $0.30
  - Result: reported results
  source text: NOV Reports first quarter 2024 Results, return of capital framework, $1 billion share repurchase authorization, and Plan to increase dividend 50% • Revenue of $2.16 billion, an increase of 10% year-over-year • Operating Profit of $162 million, an increase of $36 million year-over-year • Net Income of $119 million, down $7 million year-over-year • Fully diluted earnings per share of $0.30, down $0.02 year-over-year • Adjusted EBITDA* of $241 million, an increase of $46 million year-over-year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1021860/000095017024048681/0000950170-24-048681-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.