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DNOW DNOW Midstream — Revenue

Other segment segments

Upstream
$508M+23.3%
Gas Utilities
$310M+2,483%
Downstream And Industrial
$217M+382%

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Other financials

Income statement

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Revenue$1.3B+108%
Gross profit$243.0M+88.4%
Operating income$1.0M-94.1%
Net income-$21.0M-250%
EPS (diluted)-$0.11-185%

Balance sheet

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Cash & equivalents$114.0M-50.9%
Total debt$631.0M+1,439%
Total equity$2.1B+81.1%
Total assets$3.8B+130%

Cash flow

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Operating cash flow$133.0M+196%
CapEx$9.0M+125%
Free cash flow$124.0M+202%

Valuation

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Market cap$2.81B+86.0%
Enterprise value$3.33B+152%
P/S0.7×+0.1×

Profitability

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Gross margin15.5%-6.6pp
Operating margin-5%-8.9pp
Net margin-4.9%-7.8pp
FCF margin3.3%-5.4pp

Returns & leverage

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Return on equity-12.4%-18.4pp
Debt / equity0.3×+0.3×
Current ratio2.1×-0.2×

Where this comes from

Reported directly by DNOW in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: DNOW’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 5:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-338381
Three months ended June 30, 2026United StatesCanadaInternationalTotal
Upstream$395$36$77$508
Gas Utilities3091—310
Downstream and Industrial146566217
Midstream25958272
Total revenues$1,109$47$151$1,307
Six months ended June 30, 2026
Upstream$753$77$146$976
Gas Utilities5781—579

Item 1. Financial Statements

FAQ

What is DNOW's midstream — revenue?
DNOW (DNOW) reported midstream — revenue of $272M in Q2 2026.
How has DNOW's midstream — revenue changed year-over-year?
DNOW's midstream — revenue increased by 71.1% year-over-year, from $159M to $272M.
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.

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