--- 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 | |-------|-------------|-----| | Texas Pacific Land 的第四季度調整後 EBITDA 超出市場預期 | 德克薩斯太平洋土地公司第四季度調整後的 EBITDA 超出預期，但收入為 2.116 億美元，低於 2.14 億美元的市場共識。該公司宣佈將股息提高 12.5%，並創下石油和天然氣特許權使用費生產的新紀錄。由於折舊和水務成本上升，運營費用增 | [Link](https://longbridge.com/en/news/276274212.md) | | 加拿大 Obsidian Energy 的第四季度 FFO 因產量下降而減少 | Obsidian Energy 報告第四季度淨虧損，運營資金流從 4.32 億加元降至 2.721 億加元。由於 Pembina 資產出售和極端天氣，產量下降，減少了 500 每日桶油當量（boe/d）。該公司在第四季度回購了 430 萬股 | [Link](https://longbridge.com/en/news/276331218.md) | | NOW 公司｜8-K：2025 財年營收 28.2 億美元不及預期 | | [Link](https://longbridge.com/en/news/276438920.md) | | DNOW 為第四季度財報發佈做準備；以下是華爾街最準確的分析師最近的預測變化 | DNOW Inc.（紐約證券交易所代碼：DNOW）定於 2 月 20 日發佈其第四季度財報，分析師預測每股收益為 15 美分，低於去年的 25 美分。預計收入將達到 9.695 億美元，高於去年的 5.71 億美元。最近的分析師評級包括 S | [Link](https://longbridge.com/en/news/276420050.md) | | 揭開 TechnipFMC 的神秘面紗：來自 4 位分析師的見解 | TechnipFMC（紐約證券交易所代碼：FTI）在過去三個月內獲得了 4 位分析師的褒貶不一的評價，平均目標價為 56.5 美元，比之前的目標上漲了 17.1%。分析師們提高了他們的評級，其中 HSBCR 和 TD Cowen 等公司的增 | [Link](https://longbridge.com/en/news/276439520.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.