NOV Inc. (NYSE: NOV) said operational disruptions from the Middle East war will cause first quarter 2026 revenue and earnings to fall below prior guidance. The Houston-based company now expects to report revenues of $2.05 billion, operating profit of $47 million, and Adjusted EBITDA of $177 million for the quarter.

The conflict adversely impacted revenue by an estimated $54 million and Adjusted EBITDA by approximately $32 million, according to the company's statement. The disruptions disproportionately affected quarter-end deliveries of capital equipment and products, including spare parts, in the region, while service-oriented offerings experienced less impact.

"Higher shipping and freight costs and reduced absorption in our manufacturing facilities further amplified decremental margins," stated Jose Bayardo, Chairman, President, and CEO.

The company said its facilities have not been damaged and it is managing the impact of the ongoing conflict with employee safety as the top priority. NOV noted that conditions in the region remain volatile but expressed confidence in navigating near-term disruptions.

The preliminary financial information has not been reviewed or audited by the company's independent registered public accounting firm and is subject to adjustments pending finalization of the financial reporting process.

NOV will provide complete first quarter results in a press release after market close on April 27, 2026, followed by a conference call on April 28, 2026 at 10 a.m. Central Time.

The company provides technology-driven solutions to the global energy industry and has operated for more than 160 years.