NOV Inc. Files Q1 2025 10-Q

Ticker: NOV · Form: 10-Q · Filed: 2025-04-29T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, oil-and-gas, machinery

TL;DR

NOV Inc. 10-Q filed for Q1 2025. Oil & Gas equipment giant reporting.

AI Summary

NOV Inc. filed its 10-Q for the period ending March 31, 2025. The company, formerly known as National Oilwell Varco Inc., is a significant player in the oil and gas machinery and equipment sector. This filing provides updated financial information and operational details for the first quarter of 2025.

Why It Matters

This filing offers investors and analysts insights into NOV Inc.'s financial performance and operational status during the first quarter of 2025, impacting investment decisions in the oil and gas equipment sector.

Risk Assessment

Risk Level: medium — The oil and gas industry is subject to significant price volatility and regulatory changes, which can impact companies like NOV Inc.

Key Numbers

1231 — Fiscal Year End (Indicates the company's annual financial reporting cycle.)
001-12317 — SEC File Number (Unique identifier for the company's SEC filings.)

Key Players & Entities

NOV Inc. (company) — Filer of the 10-Q
National Oilwell Varco Inc. (company) — Former name of NOV Inc.
346-223-3000 (dollar_amount) — Business phone number
March 31, 2025 (date) — Period of report
April 29, 2025 (date) — Filing date

FAQ

What were NOV Inc.'s key financial highlights for the quarter ending March 31, 2025?

The provided text is a header and does not contain specific financial highlights for the quarter ending March 31, 2025.

What is NOV Inc.'s primary industry classification?

NOV Inc. is classified under OIL & GAS FILED MACHINERY & EQUIPMENT [3533].

When was NOV Inc. formerly known as National Oilwell Varco Inc.?

The date of the name change from National Oilwell Varco Inc. to NOV Inc. was March 11, 2005.

What is the business address of NOV Inc.?

The business address is 10353 Richmond Ave., Houston, TX 77042.

What is the filing date of this 10-Q report?

This 10-Q report was filed on April 29, 2025.

From the Filing

0000950170-25-059817.txt : 20250429 0000950170-25-059817.hdr.sgml : 20250429 20250429132544 ACCESSION NUMBER: 0000950170-25-059817 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 83 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250429 DATE AS OF CHANGE: 20250429 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NOV Inc. CENTRAL INDEX KEY: 0001021860 STANDARD INDUSTRIAL CLASSIFICATION: OIL & GAS FILED MACHINERY & EQUIPMENT [3533] ORGANIZATION NAME: 01 Energy & Transportation EIN: 760475815 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-12317 FILM NUMBER: 25885393 BUSINESS ADDRESS: STREET 1: 10353 RICHMOND AVE. CITY: HOUSTON STATE: TX ZIP: 77042 BUSINESS PHONE: 346-223-3000 MAIL ADDRESS: STREET 1: 10353 RICHMOND AVE. CITY: HOUSTON STATE: TX ZIP: 77042 FORMER COMPANY: FORMER CONFORMED NAME: NATIONAL OILWELL VARCO INC DATE OF NAME CHANGE: 20050311 FORMER COMPANY: FORMER CONFORMED NAME: NATIONAL OILWELL INC DATE OF NAME CHANGE: 19960829 10-Q 1 nov-20250331.htm 10-Q 10-Q 0001021860 None Q1 --12-31 None None false None http://fasb.org/srt/2024#ChiefExecutiveOfficerMember P9M P1Y P1Y http://www.nov.com/20250331#LeaseLiabilitiesCurrent http://www.nov.com/20250331#LeaseLiabilitiesCurrent http://www.nov.com/20250331#LeaseLiabilitiesCurrent http://www.nov.com/20250331#LeaseLiabilitiesCurrent http://www.nov.com/20250331#LeaseLiabilitiesNonCurrent http://www.nov.com/20250331#LeaseLiabilitiesNonCurrent http://www.nov.com/20250331#LeaseLiabilitiesNonCurrent http://www.nov.com/20250331#LeaseLiabilitiesNonCurrent http://www.nov.com/20250331#CanadianDollarOfferedRateCDORMember 0001021860 nov:AftermarketMember us-gaap:OperatingSegmentsMember nov:EnergyEquipmentsMember 2024-01-01 2024-03-31 0001021860 nov:TSRMember 2025-01-01 2025-03-31 0001021860 nov:LandAndOffshoreMember nov:OffshoreDestinationMember 2024-01-01 2024-03-31 0001021860 us-gaap:FairValueInputsLevel2Member us-gaap:UnsecuredDebtMember 2024-12-31 0001021860 us-gaap:NondesignatedMember us-gaap:ForeignExchangeContractMember us-gaap:AccruedLiabilitiesMember 2024-12-31 0001021860 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0001021860 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-03-31 0001021860 us-gaap:OperatingSegmentsMember nov:EnergyProductsAndServicesMember nov:LandAndOffshoreMember nov:IntersegmentRevenueMember 2024-01-01 2024-03-31 0001021860 nov:SeniorNotesDueOnDecemberOneTwoThousandTwentyNineMember 2024-01-01 2024-12-31 0001021860 us-gaap:ParentMember 2025-01-01 2025-03-31 0001021860 nov:SeveranceAndFacilityClosuresCostMember nov:EnergyEquipmentsMember us-gaap:CostOfSalesMember 2025-01-01 2025-03-31 0001021860 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:ForeignExchangeContractMember us-gaap:OtherLiabilitiesMember 2025-03-31 0001021860 us-gaap:FairValueInputsLevel2Member us-gaap:UnsecuredDebtMember 2025-03-31 0001021860 nov:CurrentAndFormerMinorityInterestPartnersMember 2025-03-31 0001021860 nov:SeniorNotesDueOnDecemberOneTwoThousandFortyTwoMember 2024-12-31 0001021860 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:ForeignExchangeContractMember us-gaap:AccruedLiabilitiesMember 2025-03-31 0001021860 us-gaap:OperatingSegmentsMember nov:EnergyProductsAndServicesMember nov:LandAndOffshoreMember nov:OffshoreDestinationMember 2025-01-01 2025-03-31 0001021860 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2024-01-01 2024-03-31 0001021860 nov:ContinentalMember srt:NorthAmericaMember 2025-01-01 2025-03-31 0001021860 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2025-03-31 0001021860 2024-03-31 0001021860 us-gaap:OperatingSegmentsMember nov:EnergyProductsAndServicesMember nov:ContinentalMember srt:NorthAmericaMember 2025-01-01 2025-03-31 0001021860 us-gaap:ParentMember 2025-03-31 0001021860 us-gaap:OperatingSegmentsMember nov:EnergyProductsAndService