Earnings ·
DNOW Inc. reported second quarter 2026 financial results for the period ended June 30, 2026
DNOWDNOW Inc.
DNOW Inc. reported second quarter 2026 financial results for the period ended June 30, 2026. Revenue increased to $1,307 million, a 10% sequential rise, driven by strong U.S. segment performance where midstream revenues surpassed $1 billion on an annualized basis. The company reported a net loss of $21 million, or ($0.11) per diluted share, while adjusted net income was $21 million, or $0.12 per diluted share. Adjusted EBITDA rose 54% sequentially to $60 million, and operating cash flow reached $133 million. At quarter-end, total long-term debt stood at $474 million against $114 million in cash, resulting in a net debt leverage ratio of 1.7x. Additionally, DNOW repurchased $25 million of common stock during the quarter, bringing year-to-date buybacks to $75 million under its existing program. DNOW Inc. operates as an energy and industrial solutions provider specializing in the distribution of pipe, valves, fittings, gas products, pumps, and fabricated equipment.