---
title: "DNOW Q4 revenue slightly misses; addressing challenges from US ERP system transition"
description: "DNOW's Q4 revenue slightly missed analyst expectations at $959 million, while adjusted EPS met expectations at $0.15. The company completed its merger with MRC Global, projecting $23 million in first-"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/276438789.md"
published_at: "2026-02-20T11:54:27.000Z"
---

# DNOW Q4 revenue slightly misses; addressing challenges from US ERP system transition

> DNOW's Q4 revenue slightly missed analyst expectations at $959 million, while adjusted EPS met expectations at $0.15. The company completed its merger with MRC Global, projecting $23 million in first-year synergies. DNOW is addressing challenges from the U.S. ERP system transition and aims for long-term growth. The average analyst rating is "buy," with a median 12-month price target of $18.00, reflecting a 10% increase from its recent closing price of $16.36. The stock trades at 15 times the next 12-month earnings.

)

Overview

-   Energy solutions provider’s Q4 revenue slightly missed analyst expectations
-   Adjusted EPS for Q4 met analyst expectations
-   Company completed merger with MRC Global, projecting $23 mln in first-year synergies

Outlook

-   Company expects synergy initiatives to create meaningful value over time
-   DNOW addressing challenges from U.S. ERP system transition
-   Company focused on positioning for long-term growth

Result Drivers

-   MERGER SYNERGIES - DNOW reported first-year merger cost synergies with MRC Global are projected at $23 mln, 35% above target
-   ERP SYSTEM CHALLENGES - Co is addressing challenges related to the U.S. MRC Global ERP system transition, which went live in Q3 2025
-   REVENUE GROWTH - Excluding MRC Global, 2025 marked DNOW’s fifth consecutive year of revenue growth and its highest Adjusted EBITDA year ever

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q4 Slight $959 mln $962.25

Revenue Miss\* mln (4

Analysts

)

Q4 Meet $0.15 $0.15 (4

Adjusted Analysts

### EPS )

Q4 $23 mln

Adjusted

Net

Income

Q4 Net -$147

Income mln

Q4 $61 mln

Adjusted

### EBITDA

\*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

-   The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 3 “strong buy” or “buy”, no “hold” and no “sell” or “strong sell”
-   The average consensus recommendation for the industrial machinery & equipment peer group is “buy”
-   Wall Street’s median 12-month price target for DNOW Inc is $18.00, about 10% above its February 19 closing price of $16.36
-   The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

### Related Stocks

- [OIH.US - VanEck Oil Services ETF](https://longbridge.com/en/quote/OIH.US.md)
- [XES.US - SPDR O&G Equip](https://longbridge.com/en/quote/XES.US.md)
- [DNOW.US - DNOW](https://longbridge.com/en/quote/DNOW.US.md)
- [MRC.US - MRC Global](https://longbridge.com/en/quote/MRC.US.md)
- [IEZ.US - iShares US Oil Equip & Svcs](https://longbridge.com/en/quote/IEZ.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| An Overview of ProPetro Holding's Earnings | ProPetro Holding (NYSE:PUMP) is set to release its quarterly earnings report on February 18, 2026, with analysts predict | [Link](https://longbridge.com/en/news/276159593.md) |
| KBR Grabs Strategic Petro Rabigh Contract In Saudi Arabia | KBR has secured a 10-year maintenance contract with Petro Rabigh, boosting its shares in premarket trading. The contract | [Link](https://longbridge.com/en/news/276250446.md) |
| Canada's Obsidian Energy Q4 FFO drops due to lower production | Obsidian Energy reported a Q4 net loss, with Funds Flow from Operations dropping to C$272.1 million from C$432 million.  | [Link](https://longbridge.com/en/news/276331218.md) |
| Congressional Trading Report: Rep. Michael Guest Sold Over $4K In Chord Energy Stock | Representative Michael Guest of Mississippi sold between $4,004 and $60,000 worth of Chord Energy (NASDAQ:CHRD) stock on | [Link](https://longbridge.com/en/news/276243618.md) |
| DNOW Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts | DNOW Inc. (NYSE:DNOW) is set to release its Q4 earnings on Feb. 20, with analysts predicting earnings of 15 cents per sh | [Link](https://longbridge.com/en/news/276420050.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
