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DNOW DNOW Business Segments

Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Revenue by Business
Downstream And Industrial$233M+396%$47M-7.8%
Gas Utilities$269M+3,263%$8M-23.8%
Midstream$213M+70.4%$125M+10.6%
Upstream$468M+11.7%$419M+0.1%
Revenue by Geography
CA$51M-17.7%$51M-22.7%$53M-18.5%$48M-14.3%$62M-6.1%
International$147M+133%$143M+165%$54M-8.5%$52M-20.0%$63M+1.6%
US$985M+108%$765M+69.6%$527M+9.3%$528M+3.1%$474M+9.0%

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Questions, answered.

How does DNOW break its business down?
DNOW (DNOW) reports revenue by business across 4 parts — Downstream And Industrial, Gas Utilities, Midstream and Upstream. Each is extracted from the segment footnotes and tracked over time.
Where does DNOW's segment data come from?
Segment breakdowns are pulled from the segment footnotes in DNOW's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.