Nabors Industries

Nabors Industries Ltd. engages in the provision of platform work over and drilling rigs. It operates through the following segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies. The U.S. Drilling segment includes land drilling activities in the lower 48 states and Alaska, as well as offshore operations in the Gulf of Mexico. The Canada segment consists of land-based drilling rigs in Canada. The International segment focuses on maintaining a footprint in the oil and gas market, most notably in Saudi Arabia, Algeria, Argentina, Colombia, Kazakhstan, and Venezuela. The Drilling Solutions segment offers drilling technologies, such as patented steering systems and rig instrumentation software systems that enhance drilling performance and wellbore placement. The Rig Technologies segment consists of Canrig, which manufactures and sells top drives, catwalks, wrenches, drawworks, and drilling related equipment, such as robotic systems and downhole tools. The company was founded by Clair Nabors in 1952 and is headquartered in Hamilton, Bermuda.

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Nabors Industries excels in Q4, eyes tech innovation for growth

Nabors Industries' strong financial performance, operational resilience, and strategic initiatives position the company for continued growth and value creation.
While facing challenges in market dynamics and technology adoption, the company's focus on innovation and diversification presents opportunities for future expansion.
Balanced operations, robust cash generation, and financial discipline underscore Nabors' ability to navigate challenges and capitalize on growth prospects.
With a solid foundation and a focus on efficiency, Nabors is poised to leverage market opportunities and drive sustainable value for stakeholders.

Nabors Industries meets Q1 expectations, eyes growth amidst challenges

Nabors Industries delivered solid Q1 performance, meeting EBITDA expectations and showcasing strength in drilling solutions and international operations.
Challenges lie in cost reductions and market uncertainties, but opportunities in market recovery, service differentiation, and strategic focus offer avenues for growth.
With a focus on financial stability, operational efficiency, and growth strategies, Nabors Industries aims to navigate challenges and capitalize on opportunities for sustainable success.

Nabors Industries reports resilient Q2 performance amidst market challenges

Nabors Industries navigated challenges in the Lower 48 with improved daily rig margins and international business growth.
Strong focus on technology, innovation, and sustainability initiatives, alongside a successful IPO, drove positive financial outcomes.
While facing macroeconomic concerns and market fluctuations, Nabors aims to capitalize on opportunities in international markets and technological advancements.

Nabors Industries reports Q3 challenges but eyes international growth

Nabors Industries faced challenges in Q3 but remains optimistic about improved performance in Q4, focusing on international growth and technology adoption.
Strong Lower 48 margins and growth prospects in key international markets like Latin America and North Africa position the company for future success.
Despite geopolitical and operational hurdles, Nabors' emphasis on innovation and profitability through NDS and Energy Transition initiatives is driving positive outcomes.
The company's strategic approach to capital allocation and market positioning underscores its commitment to sustainable growth and profitability.

Nabors Industries exceeds Q4 expectations, eyes international growth opportunities

Nabors Industries delivered strong financial performance in Q4 2023 and full-year 2023, driven by growth in key segments.
Despite challenges like higher CapEx, the company generated significant free cash flow and extended debt maturity to 2026.
Opportunities lie in international growth, technological advancements, and disciplined pricing strategies to navigate market dynamics.
The company's focus on managing churn, deploying new rigs, and enhancing operational efficiency positions it for continued success.

Nabors Industries surpasses Q1 expectations, eyes international growth opportunities

Nabors Industries' strong Q1 performance, driven by international expansion and segment contributions, sets the stage for future growth and profitability.
While facing challenges in the Lower 48 market and debt reduction goals, the company's strategic strengths in energy transition and international markets position it well for success.
With a focus on optimizing rig deployment, capital structure, and cash flow, Nabors Industries aims to leverage opportunities in LNG exports, international markets, and technology-driven solutions for sustained growth.

Nabors Industries surpasses Q2 expectations, eyes international growth opportunities

Nabors Industries' Q2 performance showcased strength in international expansion and operational efficiency, despite facing debt reduction challenges. The company aims to capitalize on stable rig pricing and increase Lower 48 margins, targeting $100-200 million in free cash flow for 2024.

Nabors Industries meets Q3 expectations, eyes international growth opportunities

Nabors Industries delivered solid financial performance in Q3 2024, with a focus on international growth and operational efficiency. The company's capital structure improvements and free cash flow generation highlight financial stability and strategic planning for future growth.

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Nabors Industries Ltd. engages in the provision of off shore platform rigs. It also provides performance tools, directional drilling services, tubular running services, and technologies for its own rig fleet and those operated by third parties. It manufactures drilling equipment and drilling rig instrumentation. It operates through the following business segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies. The U.S. Drilling segment includes land drilling activities in the lower states and Alaska, as well as offshore operations in the Gulf of Mexico. The Canada Drilling segment operates in land-based drilling rigs in Canada. The International Drilling segment focuses on maintaining a footprint in the oil and gas market, most notably in Saudi Arabia, Algeria, Argentina, Colombia, Kazakhstan, and Venezuela. The Drilling Solutions segment offers drilling technologies, such as proprietary drilling-bit steering systems and rig instrumentation software. The Rig Technologies segment refers to the Canrig, which manufactures and sells top drives, catwalks, wrenches, draw works, and drilling related equipment, such as robotic systems and downhole tools. The company was founded by Clair Nabors in 1952 and is headquartered in Hamilton, Bermuda.

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Nabors' (NBR) total costs and expenses in Q4 decline to $511.8 million from $973.8 million in the year-ago quarter owing to controlled depreciation costs, and general and administrative expenses.

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Nabors Industries Ltd. (NBR) CEO Tony Petrello on Q4 2020 Results - Earnings Call Transcript

HAMILTON, Bermuda, Feb. 23, 2021 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) today reported fourth quarter 2020 operating revenues of $443 million, compared to operating revenues of $438 million in the third quarter of 2020. The net loss from continuing...

Nabors Announces Fourth Quarter 2020 Results

HAMILTON, Bermuda, Feb. 16, 2021 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) Due to severe weather conditions and related power outages, and to assure the safety of our Houston-area employees, Nabors has postponed its fourth quarter 2020 earnings release...

Nabors Industries Ltd. to Reschedule Fourth Quarter 2020 Earnings Release and Conference Call

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HAMILTON, Bermuda, Jan. 29, 2021 /PRNewswire/ -- Nabors Industries Ltd. (NYSE: NBR) invites you to join Anthony G. Petrello, Chairman and Chief Executive Officer, and William Restrepo, Chief Financial Officer, Thursday February 18th at 1:00 p.m. Central Time for a discussion of operating...

Nabors Industries Ltd Fourth Quarter 2020 Earnings Conference Call Invitation

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HAMILTON, Bermuda, Nov. 13, 2020 /PRNewswire/ -- Nabors Industries, Inc. ("Nabors" or the "Company"), a wholly-owned subsidiary of Nabors Industries Ltd. ("Parent") (NYSE: NBR) today announced the early results of its previously announced offers to all Eligible Holders (as defined below)...

Nabors Announces Early Results and Extension of Early Participation Date with Respect to Certain Exchange Offers

Nabors' (NBR) total costs and expenses in Q3 fall to $587.9 million from $832.5 million in the year-ago quarter, reflecting lower depreciation costs, and general and administrative expenses.

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Nabors Industries Ltd. (NBR) CEO Tony Petrello on Q3 2020 Results - Earnings Call Transcript

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Buy Nabors Industries (NBR) Stock for Massive Upside Ahead

Nabors (NBR) delivered earnings and revenue surprises of 7.39% and -2.99%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Nabors Industries (NBR) Reports Q3 Loss, Misses Revenue Estimates

HAMILTON, Bermuda, Nov. 3, 2020 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) today reported third quarter 2020 operating revenues of $438 million, compared to operating revenues of $534 million in the second quarter of 2020. The net loss from continuing...

Nabors Announces Third Quarter 2020 Results

HAMILTON, Bermuda, Oct. 29, 2020 /PRNewswire/ -- Nabors Industries, Inc. ("Nabors" or the "Company"), a wholly-owned subsidiary of Nabors Industries Ltd. ("Parent") (NYSE: NBR) today announced that it has commenced offers to all Eligible Holders (as defined below) to exchange (the...

Nabors Announces Commencement of Exchange Offers and Completion of Private Exchange Transaction

HAMILTON, Bermuda, Oct. 27, 2020 /PRNewswire/ -- Nabors Industries Ltd. (NYSE: NBR) Due to scheduling conflicts, Nabors has rescheduled its third quarter 2020 earnings release and conference call. The call will now be held on Wednesday, November 4, 2020 at 1:00 pm Central Time. Nabors...

Nabors Industries Ltd. Rescheduled Third Quarter 2020 Earnings Conference Call Invitation

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HAMILTON, Bermuda, Oct. 13, 2020 /PRNewswire/ -- Nabors Industries Ltd. (NYSE: NBR) invites you to join Anthony G. Petrello, Chairman and Chief Executive Officer, and William Restrepo, Chief Financial Officer, Thursday, October 29th at 1:00 p.m. Central Time for a discussion of operating...

Nabors Industries Ltd. Third Quarter 2020 Earnings Conference Call Invitation

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Nabors' (NBR) total costs and expenses in Q2 fell to $669.5 million from $953.3 million in the year-ago quarter, reflecting lower depreciation costs as well as impairment charges.

News for Nabors Industries Stock (NBR)