DNOW Reports $1.34 Billion Third-Quarter Revenue

The Houston-based pump and PVF distributor more than doubled its year-earlier revenue as it continued to integrate its MRC Global acquisition.

Updated on Nov. 9, 2026 in Oil and Gas

Photograph of a flat industrial pipe yard with stacked steel pipe sections and a large brass gate valve under a hazy sky with distant refinery towers. — DNOW Inc. reported $1.34 billion in third-quarter revenue, more than doubling last year's figure, and posted $26 million in net income after its MRC Global acquisition. AI Illustration. Upload story photo >

DNOW Inc. posted $1.34 billion in third-quarter revenue, more than doubling the previous third quarter, and reported $26 million in net income. The company also repurchased $17 million of its common stock during the quarter.

Why it matters

The results mark a shift from net losses in the first two full quarters following the MRC Global acquisition to profitability in the third quarter. The figures reflect the company's expanded scale after the deal.

DNOW reported $33 million in operating profit and $265 million in gross profit in the third quarter, while repurchasing $92 million of stock through the first three quarters under a $160 million program. The filing does not address how much of the revenue increase came from the MRC Global acquisition versus underlying growth.

The players

DNOW Inc.

DNOW Inc. is a Houston-headquartered distributor of pumps and pipe, valves and fittings (PVF) serving the energy industry.

The details

DNOW, a pump and PVF distributor headquartered in Houston, reported the third-quarter results following its acquisition of MRC Global. The company's adjusted EBITDA more than doubled its first-quarter total, and it is ranked no. 11 on ID's Big 50 List.

Q3 2025: Final full quarter before the MRC Global acquisition.
Q3 2026: DNOW reported $1.34 billion in revenue and $26 million in net income.

Market Landscape

The quarter follows DNOW's acquisition of MRC Global, which combined two large pipe, valve and fittings distributors serving the energy sector. The return to profit suggests the integration is beginning to offset the costs of the deal.

For energy companies and contractors that buy pumps, pipe, valves and fittings, DNOW's expanded scale may affect product availability and pricing. Investors tracking the stock can see the company's buybacks and profitability trend in these results.

The takeaway

DNOW's return to profitability after its acquisition suggests the combined business is beginning to generate earnings from its larger footprint. Readers tracking the energy supply sector can watch whether margins hold in coming quarters.