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    Arun Jaryan • JPMorgan Chase & Co.

    Arun Jaryan is a Vice President and Equity Research Analyst at JPMorgan Chase & Co., specializing in consumer and retail sector analysis with coverage of companies such as Walmart, Target, and Costco. He is known for delivering actionable investment insights and maintains a robust track record, with a success rate of over 68% and an average annual return of 6.5% on his calls according to performance platforms. Arun joined JPMorgan Chase in 2021 following prior analytical roles at Citi and Barclays, contributing to sector research and investment strategy starting from 2016. He holds FINRA Series 7 and Series 63 securities licenses, reflecting his commitment to industry standards and analytical excellence.

    Arun Jaryan's questions to Nabors Industries Ltd (NBR) leadership

    Arun Jaryan's questions to Nabors Industries Ltd (NBR) leadership • Q1 2025

    Question

    Arun Jaryan sought an update on the timing for the next five SANAD newbuild awards and confirmation of the 2025 adjusted EBITDA forecast of over $300 million. He also asked for guidance on the Q2 corporate cost run rate including a full quarter of Parker.

    Answer

    Chairman, President & CEO Anthony Petrello affirmed there has been no change in the newbuild program schedule, with the next group of rigs working through the award system. CFO William Restrepo added that discussions with Aramco are heavily oriented towards natural gas. For Q2 guidance, Restrepo indicated Parker's EBITDA contribution alone should be in the mid-$40 million range, with the legacy business also expected to increase.

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