earnings
confidence high
sentiment positive
materiality 0.75
DNOW Q2 2026: Revenue $1.3B, Adj. EBITDA $60M (+54% seq.), record operating cash flow $133M
DNOW Inc.
- Revenue $1,307M; gross profit $243M (18.6%); adjusted gross profit $272M (20.8%).
- Net loss $21M ($0.11/diluted); adjusted net income $21M ($0.12/diluted); Adj. EBITDA $60M (4.6% of revenue).
- Operating cash flow $133M (record Q2); net debt $360M; leverage ratio 1.7x.
- Repurchased $25M in Q2, $75M YTD under $160M program; U.S. midstream revenues surpassed $1B annualized.
- Sequential revenue growth 10% overall, 13% U.S. segment; Adj. EBITDA up 54% sequentially.