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.

Seadrill Ltd

Following a careful analysis of the Zacks Oil and Gas - Drilling industry, we advise focusing on companies like SAPMF, SDRL and NBR.

3 Oil & Gas Drilling Companies With Optimistic Prospects

HAMILTON, Bermuda , July 17, 2024 /PRNewswire/ -- Nabors Industries Ltd. (NYSE: NBR) ("Nabors") announced today that Nabors Industries, Inc. ("NII"), its indirect wholly-owned subsidiary, has commenced an offering of $550 million aggregate principal amount of senior guaranteed notes due 2031 (the "Notes").

Nabors Announces Offering of Senior Guaranteed Notes

HAMILTON, Bermuda , July 17, 2024 /PRNewswire/ -- Nabors Industries Ltd. (NYSE: NBR) ("Nabors" or "the Company") announced today certain preliminary operating results for the second quarter ended June 30, 2024.

Nabors Announces Preliminary Operating Results for the Quarter Ended June 30, 2024

Nabors (NBR) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Nabors (NBR) Moves 8.7% Higher: Will This Strength Last?

Nabors (NBR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Nabors Industries (NBR) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

HAMILTON, Bermuda , June 26, 2024 /PRNewswire/ -- Nabors Industries Ltd. (NYSE: NBR) invites you to join Anthony G.

Nabors Industries Ltd. 2nd Quarter 2024 Earnings Conference Call Invitation

HAMILTON, Bermuda , June 20, 2024 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) today announced that on June 18, 2024, William Restrepo, the Chief Financial Officer of Nabors Industries Ltd.

Nabors Announces Second Quarter 2024 Update

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HAMILTON, Bermuda , June 17, 2024 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors") (NYSE: NBR) closed, on June 17, 2024, an amendment and restatement of its secured credit facility.

Nabors Announces Amendment and Restatement of $475 Million Credit Facility

Nabors (NBR) reported earnings 30 days ago. What's next for the stock?

Why Is Nabors (NBR) Down 3.5% Since Last Earnings Report?

Vista Oil & Gas SAB de CV

HAMILTON, Bermuda and MEXICO CITY , May 6, 2024 /PRNewswire/ -- Vista Energy (NYSE: VIST) and Nabors Industries (NYSE: NBR) announced today the official signing of the contract to add a third drilling rig, aiming to accelerate Vista´s development of Vaca Muerta in southern Argentina. The signing occurred at Nabors' offices in Houston, with the participation of Juan Garoby, Co-founder and COO of Vista, Pablo Vera Pinto, Co-founder and CFO of Vista, Anthony Petrello, Chairman, CEO and President of Nabors, and William Restrepo, CFO of Nabors.

Vista and Nabors to Deploy Third Drilling Rig to Vaca Muerta, Argentina

Nabors Industries Ltd. (NYSE:NBR ) Q1 2024 Earnings Conference Call April 25, 2024 1:00 PM ET Company Participants William Conroy - Vice President- Corporate Development & Investor Relations Tony Petrello - Chairman, President & Chief Executive Officer William Restrepo - Chief Financial Officer Conference Call Participants Dan Kutz - Morgan Stanley Keith MacKey - RBC Capital Markets Kurt Hallead - Benchmark Derek Podhaizer - Barclays Operator Good day, and welcome to the Nabors Industries First Quarter 2024 Earnings Conference Call.

Nabors Industries Ltd. (NBR) Q1 2024 Earnings Call Transcript

Nabors (NBR) expects capital expenditures of $190 million for the second quarter of 2024, with approximately $70 million designated for newbuilds in Saudi Arabia.

Nabors (NBR) Incurs Loss in Q1 Earnings Season, Sales Beat

Nabors Industries (NBR) came out with a quarterly loss of $5.16 per share versus the Zacks Consensus Estimate of a loss of $2.24. This compares to loss of $0.55 per share a year ago.

Nabors Industries (NBR) Reports Q1 Loss, Tops Revenue Estimates

HAMILTON, Bermuda , April 24, 2024 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) today reported first quarter 2024 operating revenues of $734 million, compared to operating revenues of $726 million in the fourth quarter of 2023.

Nabors Announces First Quarter 2024 Results

Analysts Estimate Nabors Industries (NBR) to Report a Decline in Earnings: What to Look Out for

HAMILTON, Bermuda , April 3, 2024 /PRNewswire/ -- Nabors Industries Ltd. (NYSE: NBR) invites you to join Anthony G.

Nabors Industries Ltd. 1st Quarter 2024 Earnings Conference Call Invitation

Nabors (NBR) Up 1.1% Since Last Earnings Report: Can It Continue?

Nabors is as much an international as a U.S. company, and that implies better growth prospects in the near future. While already undervalued, NBR sold off on the news that Saudi Arabia is canceling its oil production capacity expansion plans. The Saudi news will be largely a non-event for Nabors as the company isn't exposed to the impacted projects.

Nabors Industries Is A Buy Despite The Saudi Announcement

Nabors Industries Ltd. (NBR) Q4 2023 Earnings Call Transcript

Nabors (NBR) expects capital expenditures in the range of $170-$180 million for the first quarter of 2024, with approximately $50 million designated for newbuilds in Saudi Arabia.

Nabors (NBR) Q4 Earnings Improve Y/Y, Sales Miss Estimates

Although the revenue and EPS for Nabors (NBR) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Nabors (NBR) Reports Q4 Earnings: What Key Metrics Have to Say

Nabors Industries (NBR) came out with a quarterly loss of $3.84 per share versus the Zacks Consensus Estimate of a loss of $1.54. This compares to loss of $3.89 per share a year ago.

Nabors Industries (NBR) Reports Q4 Loss, Lags Revenue Estimates

HAMILTON, Bermuda , Feb. 6, 2024 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) today reported fourth quarter 2023 operating revenues of $726 million, compared to operating revenues of $734 million in the third quarter.

Nabors Announces Fourth Quarter 2023 Results

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News for Nabors Industries Stock (NBR)