DNOW 2026 Forecast | Price, Valuation & Growth

DNOW

NYSE:DNOW

$ 13,57

$-0,13 (-0,95%)

13,57 $

$-0,13 (-0,95%)

End-of-day quote: 01/09/2026

DNOW Stock Value

Analysts currently rate DNOW as Outperform.

Outperform

DNOW Company Info

EPS Growth 5Y

31,66%

Market Cap

$2,52 B

Long-Term Debt

$0,13 B

Short Interest

3,12%

Annual earnings

02/12/2026

Dividend

$0,00

Dividend Yield

0,00%

Founded

1862

Industry

Energy

Country

United States

ISIN Number

US67011P1003

Website

http://www.dnow.com

Analyst Price Target

$17,00

25.28%

Last Update: 01/10/2026

Analysts: 2

Highest Price Target $18,00

Average Price Target $17,00

Lowest Price Target $16,00

In the last five quarters, DNOW’s Price Target has risen from $14,44 to $15,67 - a 8,52% increase. Two analysts predict that DNOW’s share price will increase in the coming year, reaching $17,00. This would represent an increase of 25,28%.

Top growth stocks in the energy sector (5Y.)

What does DNOW do?

DNOW Inc. operates as a global distributor to the oil and gas, energy transition, and industrial markets. The company operates primarily under the DNOW brand along with several affiliated brands operating in local, regional or international markets. The company is a distributor of energy and industrial products through its 165 locations in the United States (U.S.), Canada and select international locations which are geographically positioned to serve the energy and industrial markets. Additiona...

DNOW Inc. operates as a global distributor to the oil and gas, energy transition, and industrial markets.

The company operates primarily under the DNOW brand along with several affiliated brands operating in local, regional or international markets. The company is a distributor of energy and industrial products through its 165 locations in the United States (U.S.), Canada and select international locations which are geographically positioned to serve the energy and industrial markets. Additionally, through the company’s growing DigitalNOW platform, customers can leverage technology across applications to solve a wide array of complex operational and product sourcing challenges to assist in maximizing their return on assets.

The company’s product and service offerings are consumed throughout all sectors of the energy industry – from upstream drilling and completion, exploration and production (‘E&P’), midstream transmission, gas and crude oil processing infrastructure development to downstream petroleum refining and petrochemicals – as well as in other industries, such as chemical processing, mining, water/wastewater, food and beverage, gas utilities, and the evolution of energy transition markets inclusive of greenhouse gas reduction and emissions capture and storage, renewable fuels, such as biofuels and renewable natural gas (‘RNG’), wind, solar, production of hydrogen as a fuel to power equipment and select industrial markets. The industrial distribution end markets include engineering and construction firms that perform capital and maintenance projects for their end-user clients. The company also provides supply chain and materials management solutions to the same markets where the company sells products.

The company’s global product offering includes pipe, manual and automated valves, fittings, flanges, gaskets, fasteners, electrical, instrumentation, artificial lift, pumping solutions and modular process, production, measurement, automation, control equipment, and consumable maintenance, repair and operating (‘MRO’) supplies. It also offers sourcing, procurement, warehouse, and inventory management solutions as part of its supply chain and materials management offering. It has developed expertise in providing application systems, work processes, parts integration, optimization solutions, and after-sales support that provide more efficient and productive solutions for its customers.

The company’s solutions include outsourcing portions or entire functions of the company’s customers’ procurement, warehouse and inventory management, logistics, point of issue technology, project management, business process and performance metrics reporting. These solutions allow the company to leverage the infrastructure of its SAP Enterprise Resource Planning (‘ERP’) system and other technologies to streamline the company’s customers’ purchasing process, from requisition to procurement to payment, by digitally managing workflow, improving approval routing and providing robust reporting functionality.

The company supports land and offshore operations for the major oil and gas producing regions through its network of locations. Its key markets include the United States (‘U.S.’), Canada, the United Kingdom (‘UK’), Norway, Australia, the Netherlands, Singapore, and the Middle East area with the ability to provide products through an export model to operators with operations in Southeast Asia and West Africa. Products sold through its locations support brownfield and greenfield expansion upstream capital projects, midstream infrastructure and transmission, and MRO consumables used in day-to-day production. The company provides downstream energy and industrial products for petroleum refining, chemical processing, liquefied natural gas (‘LNG’) terminals, power generation, gas utilities serviced by a combination of customer on-site locations, and off-site service locations in combination with its digital offerings.

The company’s supplier network consists of thousands of vendors in approximately 30 countries. From the company’s operations, the company sells to customers operating in approximately 80 countries.

U.S., Canada, and International Operations

Demand for the company’s products is driven primarily by the level of oil and gas drilling, completions, servicing, production, transmission, refining and petrochemical activities.

Th company primarily has operations in the U.S. and Canada, complemented with a number of strategic international operations, through acquisitions and organic investments, in Australia, England, Kuwait, the Netherlands, Norway, Scotland, Singapore, and the United Arab Emirates (‘UAE’).

Segments

The company operates through three reportable segments: United States (‘U.S.’), Canada, and International.

United States

The company has approximately 110 locations in the U.S., which are geographically positioned to best serve the upstream, midstream, downstream, and renewable energy and industrial markets.

The company offers higher value solutions in key product lines in the U.S., which broaden and deepen its customer relationships and related product line value. Examples of these include pumps, valves, and valve actuation, process and production equipment, fluid transfer products, measurement, automation and controls, spoolable and coated steel-pipe and composite pipe, along with many other products required by its customers, which enable them to focus on their core business while it manages varying degrees of their supply chain. The company also provide additional value to its customers through the engineering, design, construction, assembly, fabrication, and optimization of products and equipment essential to the safe and efficient production, transportation, and processing of oil and gas and produced water.

Canada

The company has a network of approximately 40 locations in the Canadian oilfield, predominantly in the oil rich provinces of Alberta, Saskatchewan, and Manitoba. The company’s Canada segment primarily serves energy exploration, production, mining and drilling businesses, offering customers many of the same products and value-added solutions that the company performs in the U.S. In Canada, the company also provides training for, and supervises the installation of, jointed and spoolable composite pipe. This product line is supported by inventory, as well as product and installation expertise to serve the company’s customers.

International

The company serves the needs of its international customers from approximately 15 locations outside the U.S. and Canada, which are strategically located in major oil and gas development areas. Its approach in these markets and the products it offers is similar to the company’s strategy in the U.S. and Canada, with the addition of the distribution of electrical products in the UK, Australia, and international export markets.

In the third quarter of 2024, the company begun a plan to restructure operations in the International segment to optimize efficiencies and to improve operating margins.

Distribution

As a distributor to the energy and industrial markets, the company offers a wide array of products and supply chain services.

The company offers its products, services and supply chain solutions across the entire energy value chain, from onshore and offshore drilling of oil and gas, to the exploration and production of oil and gas, the separation, transfer, and disposal of produced water, to the midstream gathering, processing and transmission of oil, gas, water, natural gas liquids (‘NGLs’), LNG, and refined petroleum products, to the downstream refining of oil, and the manufacturing of petrochemicals and specialty chemicals. The company provides products and services to the energy evolution and new energy markets driven by the public's desire to reduce current greenhouse gas levels and emissions, and to replace higher sources of greenhouse gas emitting forms of energy with lower emitting alternative forms to produce energy. In addition, the company provides its products, services and supply chain solutions to other end markets, including mining and minerals, municipal water and wastewater and industrial manufacturing.

The company provides drilling products, MRO consumables, safety and original equipment manufacturer (‘OEM’) equipment for land drilling rigs, workover rigs and initial offshore drilling rig load outs. Once rigs are contracted, commissioned and deployed, the company seeks to replace material and inventory consumed during drilling operations. The company couples the sale of products with supply chain services in the form of inventory planning, inventory management and warehouse management. The company provides a full suite of process and production equipment, pumps and compressor packages, artificial lift, steel, fiberglass and composite pipe, valves and fittings (‘PVF’), instrumentation and measurement, and safety and personal protective equipment (‘PPE’) in the exploration, production, separation, storage and gathering of oil and gas, as well as the separation, removal, storage and transfer of produced water.

To minimize carbon based effluent emissions, the company provides vapor recovery systems to capture and transfer gas and volatile organic compounds during the separation and storage of oil, gas and produced water from operating reservoirs. For produced water, the company provides fluid movement products that help the company’s customers dispose of produced water in an environmentally safe manner. For oil streams, the company provides products that measure the quality and quantity of oil and gas through the separation process and prior to distribution to the midstream sector. The company offers a variety of fluid movement solutions ranging from standard to engineered pump packages and a wide variety of American Society of Mechanical Engineers (‘ASME’) fabricated process and production equipment to remove water and contaminants prior to the midstream transfer of oil, NGLs and other refined products within the midstream sector. For gas processing and gas conditioning, the company offers a full suite of PVF and ASME coded fabricated process equipment to efficiently and economically process and condition gas for transfer to end markets. Many of the terminals and tank farms used in the midstream space to facilitate the storage and distribution of oil, gas, NGLs, LNG, and other hydrocarbon-based fluids utilize the company’s products. Across many of the process industries where the company provides valves, the company offers low emission stem packing options to help reduce emissions. The company provides PVF, pumps, safety, PPE, supply chain and safety services to the refining, petrochemical, chemical and industrial industries. The company’s products are consumed from industrial customer’s daily MRO expenditures, customer capital projects in the form of existing plant expansions, new plant facilities, as well as planned and unplanned maintenance of processing units.

Distribution Channels

The company offers a diverse range of products across the energy and industrial markets in the U.S., Canada, and internationally. The company’s product offering is aligned to meet the needs of its customer base.

Energy Centers

Energy centers are brick and mortar supply store operations that provide products to multiple upstream, midstream and downstream customers from a single location. These branches serve repeat account and walk-in retail customers.

The distribution channel includes sales and operations professionals trained in the products, applications and customer service required to support customers as they drill, explore, produce, transport and refine oil and gas and other products. The primary product offering includes line pipe, valves, fabrication, valve actuation, fittings and flanges, pumps, OEM equipment, electrical products, mill supplies, tools, safety supplies, PPE, applied products and applications, such as artificial lift systems, coatings and miscellaneous expendable items. The company couples the sale of products with supply chain services in the form of inventory planning, inventory management and warehouse management.

Process Solutions

Process Solutions has a team of distribution experts, technical professionals and licensed engineers who provide expertise related to pumps, compressors, fluid movement packages, fabricated liquid and gas measurement systems and process and production equipment. Process Solutions distributes OEM equipment, including pumps, generator sets, air compressors, dryers, blowers, mixers and valves. Within the company’s process and production equipment category, the company produces customer lease automatic custody transfer (‘LACT’) units, Zero2 EcoVapor and Sulfur Sentinel units to reduce emissions associated with routine flaring originating from low pressure storage tanks and renewable fuels, such as biogas and landfill gas marketed as RNG facilities, gas meter runs, ASME code vessels in the form of separators, heater treaters, gas conditioning systems, towers, reactors, condensate stabilizers, slug catchers and pressurized bullet tanks, pig launchers and receivers and water transfer and disposal units. After-market services include rental mobile pumping units, machining and other repair services from a team of field mechanics located throughout the central U.S.

Process Solutions serves the upstream, midstream and downstream oil and gas markets, as well as the municipal water, industrial, mining, power generation and general industries. Process Solutions also provides modular oil and gas wellsite facility solutions, also known as tank battery solutions, that positively impact the company’s operator customers by enabling them to design a modular tank battery that allows flexibility and scalability for production. The company’s EcoVapor branded vapor recovery systems provide an environmental, social, and governance (‘ESG’) benefit by enabling customers to retain and sell residual flash gas commonly found in storage tanks resulting in a decrease in greenhouse gas emissions.

Customers

The company’s primary customers are companies active in the upstream, midstream, and downstream sectors of the energy industry, including drilling contractors, well servicing companies, independent and national oil and gas companies, midstream operators, refineries, petrochemical, chemical, utilities, RNG facilities, and other downstream energy processors. The company also serves a diverse range of industrial and manufacturing companies across a broad spectrum of industries and end markets. The company partners with its customers to continually meet or exceed their expectations and add value as a supply chain partner in the locations where they operate.

Seasonality

A portion of the company’s business has experienced seasonal trends, to some degree, which have varied by geographic region. In the U.S., activity has historically been higher during the summer and fall months. In Canada, certain E&P activities have declined in the spring due to seasonal thaws and regulatory restrictions limiting the ability of drilling rigs and transportation to operate effectively and safely during these periods.

History

DNOW Inc. was founded in 1862. The company, a Delaware Corporation, was incorporated in 2013.

DNOW Questions and Answers

Which sectors generate sales and which are the top 3 markets?

Industry Revenues: Energy: approx. 60% Industry: approx. 25% Construction: approx. 15% TOP 3 Markets: USA: approx. 50% Canada: approx. 30% Europe: approx. 10% DNOW Inc. generates the majority of its revenues from the energy sector, which is attributed to its strong position in distributing produ...

At which locations are the company’s products manufactured?

Production Sites: Globally distributed, with a focus on North America DNOW Inc. is a globally operating company specializing in the supply of energy and industrial products. The company operates a network of distribution centers and warehouses worldwide, with a focus on North America. The production...

What strategy does DNOW pursue for future growth?

Revenue Growth: Estimated 5-7% annually (2026) Profit Margin: Estimated 4-6% (2026) DNOW Inc. pursues a growth strategy based on diversifying its product and service offerings. The company focuses on expanding its market presence through strategic acquisitions, particularly in the energy and industr...

Which raw materials are imported and from which countries?

Main raw materials: Steel, Aluminum, Copper Countries of origin: China, Canada, Mexico DNOW Inc. is a leading provider of energy and industrial products that imports a variety of raw materials to manufacture and distribute its products. The key raw materials include steel, aluminum, and copper, whic...

How strong is the company’s competitive advantage?

Market Share: Estimated at 5-7% in the global oilfield service market (2026) EBITDA Margin: Approximately 6-8% (2025) Competitive Advantage: DNOW Inc. has a moderate competitive advantage in the oilfield services and industrial distribution services sector. The company benefits from a broad product...

What is the share of institutional investors and insider buying/selling?

Institutional Investor Share: approximately 95% (2026, estimated) Insider Buys/Sells: No significant transactions in the last 12 months (2026, estimated) The institutional investor share in DNOW Inc. is traditionally high, indicating the trust of major financial institutions in the company. This is...

What percentage market share does DNOW have?

Market Share of DNOW Inc.: Estimated 5-7% (2026) Top Competitors: Schlumberger Limited: approx. 20% Halliburton Company: approx. 18% Baker Hughes Company: approx. 15% National Oilwell Varco (NOV): approx. 10% Weatherford International: approx. 8% DNOW Inc.: approx. 5-7% TechnipFMC: approx. 5% Camer...

Is DNOW stock currently a good investment?

Revenue Growth: 8% (estimated for 2026) Profit Growth: 6% (estimated for 2026) Market Share: Stable in recent years DNOW Inc. has shown moderate revenue growth of around 8% in recent years, attributed to stable demand in the energy sector and an effective business strategy. The company has strengt...

Does DNOW pay a dividend – and how reliable is the payout?

Dividend: No payout (2026) DNOW Inc. has not paid any dividends in the past and continues this trend in 2026. The company focuses on reinvesting its profits in business growth and expansion. The reliability of DNOW Inc.'s dividend policy is therefore not guaranteed, as the company does not plan to m...

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DNOW Stock Value

DNOW Company Info

Analyst Price Target

Top growth stocks in the energy sector (5Y.)

What does DNOW do?

DNOW Questions and Answers

Offer & Services

Service & Collaboration

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