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.