NOV Expects $54M Revenue Hit from Middle East Conflict

By Chris Stiles • Wednesday, April 15 14:38 • Permanent Link

NOV said first-quarter 2026 revenue will come in at about $2.05 billion, down by an estimated $54 million because of operational disruptions tied to the war in the Middle East.

The company also said first-quarter operating profit is expected to be $47 million and adjusted EBITDA about $177 million. NOV said the Middle East conflict will cut adjusted EBITDA by roughly $32 million.

The disruption hit quarter-end deliveries of capital equipment, products and spare parts in the region. NOV said its service-oriented businesses were less affected, while higher shipping and freight costs and lower manufacturing absorption added to the margin pressure.

Management said the company’s facilities were not damaged, but the region remains volatile. NOV said it is working to reduce delays and offset rising costs.

The company said it will release full first-quarter results on April 27, 2026, after the market close, followed by a conference call on April 28 at 10 a.m. Central time. The market has reacted to these announcements by moving the company's shares 1.53% to a price of $19.92. For the full picture, make sure to review NOV's 8-K report.

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