DNOW Inc.

DNOW Inc., ( DNOW or the Company ), headquartered in Houston, Texas, was incorporated in Delaware on November 22, 2013. On June 2, 2014, DNOW stock began regular trading on the New York Stock Exchange under the ticker symbol DNOW . We are a premier provider of energy and industrial solutions, serving as a global leader in the distribution of pipe, valves and fittings ( PVF ), and pumps, as well as in the fabrication, assembly and testing of process and production equipment. We provide a broad mix of quality products customers require to build and maintain essential infrastructure and operating equipment across the upstream, midstream, gas utilities, downstream, energy transition and industrial markets. We deliver a comprehensive range of value-added supply chain solutions and technical product expertise, supported by advanced digital offerings to customers globally. On June 26, 2025, DNOW entered into an Agreement and Plan of Merger (the Merger Agreement ) with MRC Global Inc. ( MRC Global ) in an all-stock transaction, inclusive of MRC Global’s debt. On November 6, 2025 (the Closing Date ), DNOW completed its acquisition of MRC Global. See Note 20 Acquisitions of the Notes to Consolidated Financial Statements (Part IV, Item 15 of this Form 10-K) for additional information. Following the acquisition, we continue to leverage the existing brand equity, reputation and customer loyalty of MRC Global, including its MRCGO digital commerce platform and established supply chain and distribution leadership, while operating under DNOW corporate stewardship.