Filing Flows › NOV (NOV) › Guidance & outlook
NOV (NOV) guidance and outlook
NOV (NOV) gave its guidance on Oct 28, 2026: EBITDA $260M–$300M for Q4 2026. NOV's 10-Q filed Jul 29, 2026 makes 7 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| EBITDA | Q4 2026 | $260M–$300M | new |
From the earnings release filed Oct 28, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Jul 29, 2026
- In this environment, management expects increased demand for the Company’s equipment and technology.
- The Company’s results are dependent on, among other things, the level of worldwide oil and gas drilling, well remediation activity, the prices of crude oil and natural gas, capital spending by exploration and production companies and drilling contractors, worldwide oil and gas inventory levels and, to a lesser degree, the level of investment in wind and geothermal energy projects.
- New orders are added to backlog only when the Company receives a firm written order for major completion and production components or a contract related to a construction project.
- Although numerous factors can affect the timing of revenue out of backlog (including, but not limited to, customer change orders, supplier accelerations or delays, and the current uncertainty and conflict in the Middle East), the Company reasonably expects approximately 29 percent of backlog to become revenue during the rest of 2026 and the remainder thereafter.
- The Company expects to return at least 50% of Excess Free Cash Flow (defined as cash flow from operations less capital expenditures and other investments, including acquisitions and divestitures), through a combination of quarterly base dividends, opportunistic stock buybacks, and an annual supplemental dividend to true-up returns to shareholders on an annual basis.
- We continue to expect to fund future cash acquisitions primarily with cash flow from operations and borrowings, including the unborrowed portion of the revolving credit facility or new debt issuances, but may also issue additional equity either directly or in connection with acquisitions.
- There can be no assurance that additional financing for acquisitions will be available at terms acceptable to us.
NOV's latest quarter
NOV, Q3 2026: revenue $2.2B (+2% year over year), operating margin 6.4%, net earnings $90.0M, operating cash flow $41.0M. The chart follows the revenue to costs, profit and cash.
Questions
Did NOV raise or lower its guidance?
NOV (NOV) gave its guidance on Oct 28, 2026: EBITDA $260M–$300M for Q4 2026.
What does NOV expect?
In this environment, management expects increased demand for the Company’s equipment and technology. The Company’s results are dependent on, among other things, the level of worldwide oil and gas drilling, well remediation activity, the prices of crude oil and natural gas, capital spending by exploration and production companies and drilling contractors, worldwide oil and gas inventory levels and, to a lesser degree, the level of investment in wind and geothermal energy projects. New orders are added to backlog only when the Company receives a firm written order for major completion and produc
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.