DNOW : First Quarter 2025 Key Takeaways

Published: 2025-05-07 07:31:05 ET DNOW

Published on 05/07/2025 at 07:31

Key Takeaways

First Quarter 2025

Key Takeaways F i r s t Q u a r t e r 2 0 2 5 Presentation

Key Takeaways

$0.20 for the first quarter

*Excluding other costs (non-GAAP)

Key Takeaways F i r s t Q u a r t e r 2 0 2 5 Presentation

Key Market Indicators

U.S. Completions*

March ended with a U.S. completions count of 934 wells in EIA regions

•

1Q25 total of 2,801 U.S. completions

lower 2% sequentially

*EIA STEO report released 4/10/2025

Presents an immediate opportunity for DNOW U.S. as tank batteries and gathering systems are

constructed after completions

WTI/Rig Counts

WTI avg of $72 per barrel for

1Q25

•

U.S. avg rig count of 588 flat sequentially

•

Canada avg rig count of 216, higher 11% sequentially

•

International avg rig count of 903, lower 2% sequentially

•

Global avg rig count of 1,707, flat sequentially

DNOW annualized revenue per rig at

$1.4M for 1Q25

U.S. DUCs*

March ended with a DUC count of 5,306 wells in EIA regions

•

1Q25 avg of 5,297 wells flat sequentially

*EIA STEO report released 4/10/2025

DUCs are future revenue opportunities for

DNOW

Key Takeaways F i r s t Q u a r t e r 2 0 2 5 Presentation

1Q24

1Q25

Var.

Var. %

United States

435

474

Canada

(4)

-6%

International

Revenue

563

599

United States

(1)

Canada

International

Operating Profit

United States

5.3%

4.6%

Canada

4.5%

6.5%

International

3.2%

6.3%

Operating Profit %

5.0%

% of U.S. Revenue

U.S. Energy

70%

69%

U.S. Process Solutions

30%

31%

1Q25 Segment Results (Year-over-Year)

United States

Revenue increased on a year-over-year basis driven primarily by contributions from acquisitions completed in 2024; partially offset by weakening U.S. drilling and completion activity

Operating profit decreased primarily due to an increase in expenses related to acquisitions completed in 2024, partially offset by the increase in revenue

Canada

Revenue decreased year-over-year primarily due to unfavorable foreign exchange rates impacts

Operating profit increased due to lower operating

expenses

International

Revenue increased primarily driven by increased

project activity

Operating profit improved primarily due to a decline in operating expenses

Disclaimer

DNOW Inc. published this content on May 07, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 07, 2025 at 11:30 UTC.