Earnings summaries and quarterly performance for NABORS INDUSTRIES.
Executive leadership at NABORS INDUSTRIES.
Board of directors at NABORS INDUSTRIES.
Research analysts who have asked questions during NABORS INDUSTRIES earnings calls.
KM
Keith MacKey
RBC Capital Markets
9 questions for NBR
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JD
John Daniel
Daniel Energy Partners
7 questions for NBR
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Waqar Syed
ATB Capital Markets
5 questions for NBR
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GH
Grant Hynes
JPMorgan Chase & Co.
4 questions for NBR
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JL
Jeff LeBlanc
TPH&Co.
4 questions for NBR
Also covers: AESI, FLOC, HP +6 more
MS
Michael Smaller
Susquehanna Financial Group, LLLP
3 questions for NBR
SG
Scott Gruber
Citigroup
3 questions for NBR
Also covers: APA, BKR, BKV +26 more
AJ
Arun Jayaram
JPMorgan Chase & Co.
2 questions for NBR
Also covers: APA, AR, BKR +33 more
Daniel Kutz
Morgan Stanley
2 questions for NBR
Also covers: ACDC, BORR, HP +9 more
AJ
Arun Jaryan
JPMorgan Chase & Co.
1 question for NBR
David Smith
Truist Securities
1 question for NBR
Also covers: AESI, BK, CLB +21 more
DP
Derek Podhaiser
Piper Sandler
1 question for NBR
Derek Podhaizer
Piper Sandler Companies
1 question for NBR
Also covers: AESI, FLOC, FTI +17 more
JL
Jeffrey LeBlanc
Tudor, Pickering, Holt & Co.
1 question for NBR
Also covers: HP, LBRT, PTEN +2 more
KH
Kurt Hallead
The Benchmark Company
1 question for NBR
Also covers: AESI, BKR, FTI +14 more
Recent press releases and 8-K filings for NBR.
Nabors Industries Reports Strong Q4 and Full-Year 2025 Results, Details Debt Reduction and 2026 Outlook
NBR
Earnings
Guidance Update
Debt Issuance
- Nabors Industries reported Q4 2025 Adjusted EBITDA of $222 million and full-year 2025 revenue of $3.2 billion, reflecting 8.7% year-over-year growth, with full-year Adjusted EBITDA reaching $913 million.
- The company significantly de-risked its capital structure by reducing net debt by $554 million compared to the end of 2024, which is expected to reduce annualized cash interest expense by approximately $45 million and resulted in a net leverage ratio of approximately 1.7 times.
- For full-year 2026, Nabors anticipates EBITDA growth of 6%-8% (normalized for Quail) and projects total capital expenditures between $730 million and $760 million.
- The integration of Parker Wellbore achieved its 2025 EBITDA target of $55 million from retained businesses and is projected to contribute at least $70 million in Adjusted EBITDA in 2026.
Feb 12, 2026, 4:00 PM
Nabors Industries Reports Strong Q4 2025 Results and Debt Reduction
NBR
Earnings
Guidance Update
Debt Issuance
- Nabors Industries reported Q4 2025 Adjusted EBITDA of $222 million and full-year 2025 Adjusted EBITDA of $913 million, with full-year revenue reaching $3.2 billion.
- The company achieved a significant net debt reduction of $554 million in 2025, bringing it to the lowest level since 2005, and expects to reduce annualized cash interest expense by approximately $45 million.
- Adjusted Free Cash Flow for full-year 2025 was $117 million, surpassing revised guidance.
- For 2026, Nabors anticipates EBITDA performance to match 2025 and targets capital expenditures between $730 million and $760 million.
- The company plans to further reduce gross debt by at least $100 million in 2026, having already extended its maturity profile to June 2029 and improved its net leverage ratio to approximately 1.7x.
Feb 12, 2026, 4:00 PM
Nabors Industries Reports Strong Q4 2025 Results and Provides 2026 Guidance
NBR
Earnings
Guidance Update
Debt Issuance
- Nabors Industries reported Q4 2025 Adjusted EBITDA of $222 million, exceeding expectations, and full-year 2025 Adjusted EBITDA of $913 million on $3.2 billion in revenue.
- The company significantly strengthened its capital structure in 2025, reducing net debt by $554 million to its lowest level since 2005, and expects to reduce annualized cash interest expense by approximately $45 million.
- For full-year 2026, Nabors expects EBITDA to grow by 6%-8% (normalized for the Quail divestiture) and aims to maintain the same EBITDA level as 2025, with Nabors Drilling Solutions EBITDA projected to reach $160 million-$170 million.
- The company plans to further reduce gross debt by at least $100 million during 2026, building on the improved net leverage ratio of approximately 1.7 times.
Feb 12, 2026, 4:00 PM
NABORS INDUSTRIES Reports Q4 2025 Results and Significant Debt Reduction
NBR
Earnings
Debt Issuance
M&A
- NABORS INDUSTRIES reported net income of $16,993 thousand and Adjusted EBITDA of $221,555 thousand for Q4 2025. The company also generated $131,798 thousand in adjusted free cash flow during the quarter.
- The company achieved a full-year net debt reduction of $554 million in 2025, bringing its net debt leverage to 1.7x, the lowest since 2008. As of December 31, 2025, net debt stood at $1,554 million.
- Capital markets activities included the issuance of $700 million in notes due 2032 and the redemption of $546 million of notes due 2027, along with $379 million of notes due 2028 redeemed in January 2026.
- Strategic transactions in the past year included the acquisition of Parker Wellbore for $274 million and the divestiture of Quail Tools for $625 million in net proceeds.
- For 2025, International Drilling accounted for 49% of total revenue, while Drilling Solutions contributed 15% of total adjusted EBITDA from operations in Q4 2025 with an adjusted gross margin of approximately 48%.
Feb 12, 2026, 4:00 PM
Nabors Announces Fourth Quarter and Full-Year 2025 Results
NBR
Earnings
Debt Issuance
Guidance Update
- Nabors reported Q4 2025 operating revenues of $798 million, a decrease from $818 million in Q3 2025. Net income attributable to shareholders was $10 million ($0.17 EPS) in Q4 2025, significantly down from $274 million ($16.85 EPS) in Q3 2025, which included a $314 million after-tax gain from the disposition of Quail Tools. Adjusted EBITDA for Q4 2025 was $222 million, compared to $236 million in Q3 2025.
- The company materially reduced total debt, with outstanding net debt decreasing by approximately $554 million since the end of 2024. This included issuing $700 million of notes due in 2032 and redeeming $546 million of notes due in 2027, plus an additional $379 million of notes due in 2028 in January 2026. This deleveraging is expected to reduce annual interest expense by approximately $45 million.
- Consolidated adjusted free cash flow saw a significant increase to $132 million in Q4 2025, up from $6 million in Q3 2025.
- For Q1 2026, Nabors expects Drilling Solutions adjusted EBITDA of approximately $39 million and capital expenditures of $170 - $180 million. For full-year 2026, the company anticipates Drilling Solutions adjusted EBITDA of $160 - $170 million and total capital expenditures of $730 - $760 million.
Feb 11, 2026, 9:21 PM
Nabors Industries Reports Q4 and Full-Year 2025 Results, Provides 2026 Outlook
NBR
Earnings
Guidance Update
Debt Issuance
- Nabors Industries reported Q4 2025 operating revenues of $798 million and net income attributable to shareholders of $10 million, or $0.17 per diluted share, noting that Q3 2025 included a one-time gain of $314 million from the disposition of Quail Tools.
- The company significantly strengthened its capital structure in 2025, reducing total debt by $388 million and outstanding net debt by approximately $554 million since the end of 2024, which is expected to reduce annual interest expense by approximately $45 million.
- Consolidated adjusted EBITDA for Q4 2025 was $222 million, and adjusted free cash flow was $132 million, a significant increase from $6 million in the prior quarter.
- For Q1 2026, Nabors expects a Lower 48 average rig count of 64 - 65 rigs and an International average rig count of 91 - 92 rigs, with full-year 2026 capital expenditures projected at approximately $730 - $760 million.
Feb 11, 2026, 9:15 PM
Sage Geosystems Raises Over $97 Million in Series B Funding
NBR
New Projects/Investments
- Sage Geosystems closed over $97 million in Series B funding to advance its geothermal power generation and energy storage solutions, including its first commercial next-generation geothermal power generation facility.
- Ormat Technologies and Carbon Direct Capital co-led Sage's Series B round.
- Sage will deploy its first commercial Pressure Geothermal power generation facility at an existing Ormat power plant.
- In August 2024, Sage announced a partnership with Meta to deliver up to 150 MW of new geothermal baseload power.
Jan 21, 2026, 12:55 PM
Nabors Industries Announces Redemption of Senior Notes and Q4 2025 Net Debt Reduction
NBR
Debt Issuance
- Nabors Industries Ltd. (NBR) completed the full redemption of its 7.500% Senior Guaranteed Notes due 2028, with a face value of approximately $379 million, on January 15, 2026.
- As of December 31, 2025, the company reported net debt of approximately $1.55 billion, reflecting a reduction of approximately $366 million during the fourth quarter of 2025.
- Following the redemption, long-term debt stands at approximately $2.15 billion, and the company's next debt maturity has been extended to 2029.
Jan 15, 2026, 9:21 PM
Nabors Redeems Senior Notes and Reports Significant Debt Reduction
NBR
- Nabors Industries Ltd. completed the full redemption of its outstanding $379 million 7.500% Senior Guaranteed Notes due 2028 on January 15, 2026.
- As of December 31, 2025, the company's net debt was approximately $1.55 billion, reflecting a reduction of approximately $366 million during the fourth quarter of 2025 and $550 million since December 31, 2024.
- This reduction brought Nabors' net leverage to its lowest level since 2008.
- Following the redemption, long-term debt stands at approximately $2.15 billion, and the weighted average maturity on outstanding debt increased to 5.3 years from 3.7 years as of September 30, 2025, with the next debt maturity occurring in 2029.
Jan 15, 2026, 9:15 PM
Nabors comments on credit rating upgrades
NBR
Debt Issuance
- Nabors Industries Ltd. received upgrades to its credit ratings from S&P Global Ratings and Fitch Ratings, coinciding with its recent offering of Senior Preferred Guaranteed Notes (SPGN).
- S&P Global Ratings revised Nabors' issuer credit rating to 'B' from 'B-' with a stable outlook and assigned a 'B+' rating to the newly issued SPGN.
- Fitch Ratings upgraded Nabors' Long Term Issuer Default Rating to 'B' from 'B-' with a Stable outlook and assigned a 'BB-' rating to the newly issued SPGN.
- Moody's Investors Service assigned a 'Ba3' rating to Nabors' recent SPGN issue, which is in-line with its rating on existing SPGN.
- Nabors' Chairman, CEO, and President, Anthony G. Petrello, commented that these actions underscore the company's progress in delevering and strengthening its balance sheet.
Nov 4, 2025, 11:41 PM
Quarterly earnings call transcripts for NABORS INDUSTRIES.
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