DNOW Inc.
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 5, 2026
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Operating Environment Overview
Our results are dependent on, among other factors, crude oil and natural gas prices, the level of worldwide oil and gas drilling and completions, well remediation activity, capital spending by oilfield service companies and drilling contractors and the worldwide oil and gas inventory levels. Key industry indicators for the third quarter of 2026 and 2025 and the second quarter of 2026 include the following:
| % · % | |||||
|---|---|---|---|---|---|
| 3Q26 v · 3Q26 v | |||||
| 3Q26* | 3Q25* | 3Q25 | 2Q26* | 2Q26 | |
| WTI ($/bbl) | $87.22 | $65.74 | 32.7% | $95.75 | (8.9%) |
| Natural Gas Prices ($/MMBtu) | $2.87 | $3.03 | (5.3%) | $2.95 | (2.7%) |
| Hot-Rolled Coil Prices (steel) ($/short ton) | $1,137.10 | $842.60 | 35.0% | $1,045.84 | 8.7% |
| U.S. Wells Completed | 3,222 | 2,797 | 15.2% | 3,119 | 3.3% |
| U.S. Active Rigs | 589 | 540 | 9.1% | 554 | 6.3% |
| Worldwide Active Rigs | 1,901 | 1,797 | 5.8% | 1,760 | 8.0% |
- Monthly averages for the quarters indicated, except for U.S. Wells Completed.
Sources: WTI and Natural Gas Prices: Department of Energy, Energy Information Administration (“EIA”) (www.eia.gov); Hot-Rolled Coil Prices: SteelBenchmarker™ Hot Roll Coil USA (www.steelbenchmarker.com); U.S. Wells Completed: Department of Energy, Energy Information Administration (www.eia.gov) (As revised); Active Rigs: Baker Hughes, Inc. (www.bakerhughes.com).
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