In the Q2, Dnow Inc 's corporate clients experienced a reduction by -5.12 % in their costs of revenue, compared to a year ago, sequentially costs of revenue grew by 5.46 %. During the corresponding time, Dnow Inc recorded a revenue increase by 108.12 % year on year, sequentially revenue grew by 10.48 %. While revenue at the Dnow Inc 's corporate clients recorded rose by 1.11 % year on year, sequentially revenue grew by 15.14 %.
Customers of Dnow Inc saw their costs of revenue decrease by -5.12 % in Q2 compare to a year ago, sequentially costs of revenue grew by 5.46 %, for the same period Dnow Inc recorded revenue increase by 108.12 % year on year, sequentially revenue grew by 10.48 %.
Dnow Inc's Comment on Sales, Marketing and Customers
The company serves customers across the upstream, midstream, gas utilities, downstream, and industrial sectors of the energy industry. Its customer base includes onshore and offshore contractors, independent and national oil and gas companies, midstream gathering and processing operators, refineries, petrochemical and chemical facilities, utilities, LNG and RNG facilities, and other downstream energy processors. The company also supports energy customers involved in produced water management and energy transition sectors such as carbon capture, utilization and storage (CCUS), direct air capture (DAC), and offshore wind. Additionally, it provides products and services to non-oil and gas markets including power generation, data centers, mining and minerals, municipal water and wastewater, and industrial manufacturing. The company prioritizes reliability and service due to the demanding conditions and high costs in these sectors. It invests in digital customer services through platforms such as DigitalNOW® and MRCGO™ to improve customer experience and operational efficiency, and utilizes ERP business technology platforms for procurement, warehouse, inventory management, and logistics coordination on a global scale.
Dnow Inc’s Comment on Sales, Marketing and Customers
The company serves customers across the upstream, midstream, gas utilities, downstream, and industrial sectors of the energy industry. Its customer base includes onshore and offshore contractors, independent and national oil and gas companies, midstream gathering and processing operators, refineries, petrochemical and chemical facilities, utilities, LNG and RNG facilities, and other downstream energy processors. The company also supports energy customers involved in produced water management and energy transition sectors such as carbon capture, utilization and storage (CCUS), direct air capture (DAC), and offshore wind. Additionally, it provides products and services to non-oil and gas markets including power generation, data centers, mining and minerals, municipal water and wastewater, and industrial manufacturing. The company prioritizes reliability and service due to the demanding conditions and high costs in these sectors. It invests in digital customer services through platforms such as DigitalNOW® and MRCGO™ to improve customer experience and operational efficiency, and utilizes ERP business technology platforms for procurement, warehouse, inventory management, and logistics coordination on a global scale.
Sources:
Dnow Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Dnow Inc’s corporate clients.
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