NOV Inc. (NOV) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.015 Please note that today's conference is being recorded. 00:00:03.015 -- 00:00:07.901 I will now hand the conference over to your speaker host for today, Amy D'Ambrosio, Director 00:00:07.901 -- 00:00:12.184 of Investor Relations. Amy, please go ahead. 00:00:13.188 -- 00:00:18.616 Welcome, everyone, to NOV's fourth quarter and full year 2025 earnings conference call. 00:00:18.616 -- 00:00:23.722 With me today are Jose Bayardo, our Chairman, President, and CEO, and Rodney Reed, 00:00:23.722 -- 00:00:28.590 our Senior Vice President and CFO. Before we begin, I would like to remind you that some 00:00:28.590 -- 00:00:32.215 of today's comments are forward-looking statements within the meaning of the federal 00:00:32.215 -- 00:00:38.104 securities laws. They involve risks and uncertainty, and actual results may differ materially. 00:00:38.104 -- 00:00:41.770 No one should assume these forward-looking statements remain valid later in the quarter 00:00:41.770 -- 00:00:46.337 or later in the year. For a more detailed discussion of the major risk factors affecting 00:00:46.337 -- 00:00:51.745 our business, please refer to our latest forms, 10-K and 10-Q, filed with the Securities 00:00:51.745 -- 00:00:56.153 and Exchange Commission. Our comments also include non-GAAP measures. 00:00:56.153 -- 00:01:00.640 Reconciliations to the nearest corresponding GAAP measures are in our earnings release 00:01:00.640 -- 00:01:03.302 available on our website. 00:01:03.485 -- 00:01:09.336 On a U.S. GAAP basis for the fourth quarter of 2025, NOV reported revenues of $2.28 00:01:09.336 -- 00:01:14.364 billion and a net loss of $78 million, or 21 cents per fully 00:01:14.364 -- 00:01:19.526 diluted share. For the full year 2025, revenues were $8.74 00:01:19.52...