What is DNOW's midstream — revenue?

DNOW (DNOW) reported midstream — revenue of $213M in Q1 2026.

How has DNOW's midstream — revenue changed year-over-year?

DNOW's midstream — revenue increased by 70.4% year-over-year, from $125M to $213M.

What does midstream — revenue mean?

This metric represents the total net sales generated from the Midstream business segment, excluding any assessed taxes collected from customers. It reflects the top-line performance of the company's supply chain and equipment solutions provided to midstream energy infrastructure operators. Tracking this revenue stream helps investors assess the segment's market demand and its contribution to the overall corporate growth strategy.

DNOW DNOW Midstream — Revenue

Other segment segments

Upstream

$468M+11.7%

Gas Utilities

$269M+3,263%

Downstream And Industrial

$233M+396%

Similar metrics at other companies

UGIMidstream Other — Revenue

$9M+50.0%

OXYMidstream and marketing — Revenue from Contract with Customer, Excluding Assessed Tax

$397M+40.8%

DINOMidstream — Sales and other revenues (Note 3)

$166M+6.4%

ETMidstream — Total revenues

$3.04B-16.7%

BKVMidstream revenues — Revenue

$2.3M-17.1%

PSXMidstream — Sales and other operating revenues

$5.52B+1.2%

Other financials

Income statement

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Revenue$1.2B+97.5%

Gross profit$193.0M+39.9%

Operating income-$50.0M-272%

Net income-$44.0M-310%

EPS (diluted)-$0.24-226%

Balance sheet

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Cash & equivalents$116.0M-47.0%

Total debt$737.0M+1,698%

Total equity$2.1B+87.7%

Total assets$3.9B+138%

Cash flow

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Operating cash flow-$95.0M-494%

CapEx$8.0M+33.3%

Free cash flow-$103.0M-368%

Valuation

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Market cap$2.45B+22.9%

Enterprise value$3.07B+74.6%

P/S0.7×-0.1×

Profitability

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Gross margin15.6%-6.8pp

Operating margin-5.1%-9.6pp

Net margin-4.6%-7.8pp

FCF margin1.6%-6.2pp

Returns & leverage

See full

Return on equity-9.5%-16.5pp

Debt / equity0.3×+0.3×

Current ratio2.4×+0.1×

Where this comes from

Reported directly by DNOW in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: DNOW’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is DNOW's midstream — revenue?: DNOW (DNOW) reported midstream — revenue of $213M in Q1 2026.
How has DNOW's midstream — revenue changed year-over-year?: DNOW's midstream — revenue increased by 70.4% year-over-year, from $125M to $213M.
What does midstream — revenue mean?: This metric represents the total net sales generated from the Midstream business segment, excluding any assessed taxes collected from customers. It reflects the top-line performance of the company's supply chain and equipment solutions provided to midstream energy infrastructure operators. Tracking this revenue stream helps investors assess the segment's market demand and its contribution to the overall corporate growth strategy.