Filing Flows › Dnow (DNOW) › Q2 2026 › vs Q1 2026
Dnow (DNOW) Q2 2026 vs Q1 2026 (quarter over quarter)
Dnow's revenue rose $124M (+10%) from $1.2B in Q1 2026 to $1.3B in Q2 2026. The biggest changes: Midstream +$59.0M (+28%); Gas Utilities +$41.0M (+15%); Upstream +$40.0M (+9%).
Dnow, Q2 2026: revenue $1.3B (+108% year over year), operating margin 0.1%, net loss $21.0M, operating cash flow $133M. The chart draws each line against Q1 2026, the increases inside each band.
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Upstream | $508M | $468M | $40.0M | +9% |
| Gas Utilities | $310M | $269M | $41.0M | +15% |
| Midstream | $272M | $213M | $59.0M | +28% |
| Downstream and Industrial | $217M | $233M | −$16.0M | -7% |
| Revenue | $1.3B | $1.2B | $124M | +10% |
| Net loss | $21.0M | $44.0M | −$23.0M | -52% |
| Costs & expenses | $1.3B | $1.2B | $85.0M | +7% |
| Operating costs | $1.3B | $1.2B | $73.0M | +6% |
| Interest & other, net | $10.0M | $10.0M | $0 | 0% |
| Income tax | $12.0M | −$16.0M | $28.0M | — |
| Cost of revenue | $1.1B | $990M | $74.0M | +7% |
| Operating cash sources | $154M | −$51.0M | $205M | — |
| Depreciation & amortization | $23.0M | $23.0M | $0 | 0% |
| Share-based compensation | $5.0M | $5.0M | $0 | 0% |
| Working capital & other | $126M | −$79.0M | $205M | — |
| Net loss absorbed | $21.0M | $44.0M | −$23.0M | -52% |
| Operating cash flow | $133M | −$95.0M | $228M | — |
Questions
How much did Dnow's revenue grow quarter over quarter in Q2 2026?
Dnow's revenue rose $124M (+10%) from $1.2B in Q1 2026 to $1.3B in Q2 2026.
What drove Dnow's revenue change in Q2 2026?
Midstream +$59.0M (+28%); Gas Utilities +$41.0M (+15%); Upstream +$40.0M (+9%).