NOW Inc.: management transactions · United States · SEC (Form 4)

About NOW Inc.

DNOW Inc. (NYSE: DNOW), formerly known as NOW Inc., is a U.S.-based industrial and energy distribution company headquartered in Houston, Texas, United States. The company traces its roots back to 1862 through an early oilfield equipment business, giving it a long operating history in the energy supply chain. DNOW is listed on the NYSE, which makes it relevant for investors seeking exposure to U.S. energy infrastructure spending, industrial maintenance demand, and downstream supply-chain activity. DNOW’s core business is the distribution of technical products, supply-chain solutions, and value-added services for energy and industrial customers. Its customer base spans exploration and production companies, midstream pipeline and storage operators, refiners, chemical producers, utilities, mining customers, municipal water services, manufacturers, and engineering and construction firms. The company positions itself as a solutions partner rather than a simple reseller, combining a regionalized distribution model with engineering support, digital tools, and technical product expertise to help customers improve uptime, shorten procurement cycles, and manage operating costs more efficiently. From a competitive standpoint, DNOW operates in a fragmented market where scale, logistics reach, product breadth, service quality, and customer intimacy matter. The company’s broad mix of brands, locations, and end markets gives it a diversified operating profile, although it remains cyclical and tied to capital spending trends in oil and gas as well as industrial activity. Its competitive edge is built on the ability to deliver mission-critical products and related services across the upstream, midstream, downstream, and broader industrial value chain. A major recent development was DNOW’s acquisition of MRC Global, announced in June 2025 and completed on November 6, 2025 in an all-stock transaction. Management described the deal as a transformative combination that expands access to energy, gas utility, and industrial products, services, and supply-chain solutions. The combined company also broadened its footprint to more than 350 service and distribution locations across more than 20 countries. In February 2026, DNOW reported that integration synergies were tracking ahead of plan, underscoring a current corporate focus on execution, cost synergy capture, and post-merger value creation for shareholders.