NYSE$NOV
NOV Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported third quarter results with revenue up 41% year-over-year and solid execution and ongoing improvements in demand from both oil & gas and renewables markets.
NOV Inc. reported third quarter 2022 revenues of $1.89 billion, an increase of 41 percent compared to the third quarter of 2021. Net income for the third quarter of 2022 was $32 million. Operating profit was $55 million. Adjusted EBITDA increased sequentially to $195 million.
- Revenue of $1.89 billion, up 9% sequentially and 41% year-over-year
- Operating Profit of $55 million, down $13 million sequentially and up $98 million year-over-year
- Net Income of $32 million, or $0.08 per fully diluted share
- Adjusted EBITDA of $195 million, up $45 million sequentially and $139 million year-over-year
Headline financials
Revenue & EPS history
NOV · Revenue · Quarterly
$1.89B
Revenue by segment
NOV · $1.56B total across 2 segments · Q2 2023
- Energy Products & Services$804M+20.7%51.6%
- Energy Equipment$753M+17.8%48.4%
Forward guidance
With industry capital spending still below levels sufficient to meet the world’s energy needs, despite recessionary concerns, our outlook for continued rising demand for NOV’s energy technologies is very bright.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2022
+0.2%
Avg return
Earnings day
+0.3%
Avg return
5 days after
-0.1%
Avg return
30 days after
42%
30 / 72 earnings
Positive
+14.3%
Q3 2019
Best reaction
-11.8%
Q2 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.7% | +3.0% | +7.1% | |
| Q4 2025 | +0.8% | +3.0% | +7.1% | |
| Q3 2025 | +7.1% | +4.7% | +8.2% | |
| Q1 2025 | -2.0% | +0.2% | +0.3% | |
| Q4 2024 | +12.7% | +9.3% | +2.6% | |
| Q3 2024 | +2.9% | +0.5% | +8.7% | |
| Q2 2024 | +8.8% | +12.1% | -1.4% | |
| Q1 2024 | +0.2% | -1.8% | -3.1% | |
| Q4 2023 | -9.7% | -10.2% | -12.4% | |
| Q3 2023 | +0.8% | +2.6% | -2.0% | |
| Q2 2023 | -1.8% | +6.4% | +6.6% | |
| Q1 2023 | -9.0% | -8.1% | -17.3% | |
| Q4 2022 | +0.0% | +3.3% | -3.0% | |
| Q3 2022 | -3.8% | +0.3% | -1.0% | |
| Q2 2022 | +11.1% | +18.4% | +22.5% | |
| Q1 2022 | -2.2% | +0.6% | +8.6% | |
| Q4 2021 | -7.4% | -10.2% | +4.7% | |
| Q3 2021 | -0.1% | -4.4% | -12.2% | |
| Q2 2021 | -3.4% | -3.1% | -8.4% | |
| Q1 2021 | +10.4% | +10.9% | +20.5% | |
| Q4 2020 | -1.8% | -13.5% | -20.6% | |
| Q3 2020 | -6.5% | -8.6% | +48.0% | |
| Q2 2020 | -9.3% | -9.7% | -6.5% | |
| Q1 2020 | -2.1% | -2.7% | +10.3% | |
| Q4 2019 | +8.7% | +4.9% | -29.5% | |
| Q3 2019 | +14.3% | +11.0% | +9.3% | |
| Q2 2019 | +6.0% | +1.7% | -11.7% | |
| Q1 2019 | +3.4% | -1.3% | -15.5% | |
| Q4 2018 | -5.2% | -4.5% | -14.3% | |
| Q3 2018 | -2.6% | +0.8% | -14.2% | |
| Q2 2018 | +10.8% | +14.9% | +5.8% | |
| Q1 2018 | +1.5% | +0.6% | +7.8% | |
| Q4 2017 | -0.8% | -7.3% | +2.3% | |
| Q3 2017 | -1.2% | +1.7% | -5.3% | |
| Q2 2017 | -0.7% | -4.4% | -8.5% | |
| Q1 2017 | -2.3% | -4.4% | -8.5% | |
| Q4 2016 | +4.7% | +5.2% | +0.6% | |
| Q3 2016 | -6.8% | -11.2% | -0.6% | |
| Q2 2016 | +3.5% | +2.0% | +10.5% | |
| Q1 2016 | +13.7% | — | — | |
| Q4 2015 | -6.8% | — | — | |
| Q3 2015 | +1.4% | — | — | |
| Q2 2015 | +5.4% | — | — | |
| Q1 2015 | -3.2% | — | — | |
| Q4 2014 | -7.2% | — | — | |
| Q3 2014 | -0.1% | — | — | |
| Q2 2014 | -3.5% | — | — | |
| Q1 2014 | -6.4% | — | — | |
| Q4 2013 | +0.1% | — | — | |
| Q3 2013 | +4.8% | — | — | |
| Q2 2013 | -1.4% | — | — | |
| Q1 2013 | -1.9% | — | — | |
| Q4 2012 | -5.4% | — | — | |
| Q3 2012 | -2.9% | — | — | |
| Q2 2012 | +9.4% | — | — | |
| Q1 2012 | -1.6% | — | — | |
| Q4 2011 | -1.3% | — | — | |
| Q3 2011 | -2.3% | — | — | |
| Q2 2011 | -11.8% | — | — | |
| Q1 2011 | +1.0% | — | — | |
| Q4 2007 | -2.4% | — | — | |
| Q4 2010 | -2.4% | — | — | |
| Q3 2010 | +0.1% | — | — | |
| Q2 2010 | -1.0% | — | — | |
| Q1 2009 | +0.8% | — | — | |
| Q1 2010 | +2.8% | — | — | |
| Q4 2009 | +1.1% | — | — | |
| Q3 2008 | +4.9% | — | — | |
| Q3 2009 | +4.9% | — | — | |
| Q2 2009 | -1.1% | — | — | |
| Q2 2008 | -1.1% | — | — | |
| Q4 2008 | -1.1% | — | — |
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