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.

Schlumberger

HOUSTON--(BUSINESS WIRE)--Regulatory News: SLB (NYSE: SLB) and Nabors Industries (NYSE: NBR, “Nabors”) today announced a collaboration to scale the adoption of automated drilling solutions for oil and gas operators and drilling contractors. The agreement will enable customers to seamlessly integrate the companies' drilling automation applications and rig operating systems to deliver improved well construction performance and efficiency. The new integration provides customers with access to a br.

SLB and Nabors Announce Collaboration to Scale Adoption of Drilling Automation Solutions

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

Nabors Industries Ltd. Fourth Quarter 2023 Earnings Conference Call Invitation

Welcomes Vast to its Portfolio of Clean, Renewable, Scalable, Dispatchable Energy Technology Investments HAMILTON, Bermuda , Dec. 19, 2023 /PRNewswire/ -- Nabors Industries Ltd. (NYSE: NBR, "Nabors") issued the following statement today from Chairman, President and CEO Anthony G.

Nabors Industries Completes Its Most Impactful Energy Transition Investment to Date

SYDNEY & HOUSTON--(BUSINESS WIRE)--Vast Renewables Limited (“Vast” or the “Company”), a renewable energy company specialising in concentrated solar thermal power (“CSP”) energy systems that generate zero-carbon, utility-scale electricity and industrial process heat, today announced the completion of its business combination (the “Business Combination”) with Nabors Energy Transition Corp. (“NETC”), an affiliate of Nabors Industries Ltd. (“Nabors”) (NYSE: NBR). In connection with the closing of t.

Vast and Nabors Energy Transition Corp. Announce Closing of Business Combination, Establishing Public Concentrated Solar Thermal Power Company

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HAMILTON, Bermuda , Nov. 15, 2023 /PRNewswire/ -- Nabors Industries Ltd. (NYSE: NBR) ("Nabors") today announced that Nabors Industries, Inc. ("NII") has priced $650 million in aggregate principal amount of senior priority guaranteed notes due 2030 (the "Notes") in the offering it announced earlier today.

Nabors Prices $650 Million in Senior Priority Guaranteed Notes

HAMILTON, Bermuda , Nov. 15, 2023 /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 senior priority guaranteed notes due 2030 (the "Notes").

Nabors Announces Offering of $550 Million Senior Priority Guaranteed Notes

Nabors made a round-trip from the $80s to almost $140 and back below $90. This is all sentiment-driven; despite headwinds for U.S. oilfield services, Nabors is an international player and a premium provider in the U.S. Q3 wasn't really that bad.

Nabors Industries: Setting Up For Another Buying Opportunity

Nabors (NBR) expects adjusted free cash flow in the range of $165-$190 million and $225-$250 million for fourth-quarter and full year 2023, respectively.

Nabors (NBR) Q3 Earnings Fall Y/Y, Sales Miss Estimates

Nabors Industries Ltd. (NYSE:NBR ) Q3 2023 Earnings Call Transcript October 26, 2023 2:00 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 Derek Podhaizer - Barclays Arun Jayaram - JPMorgan John Daniel - Daniel Energy Partners Dan Kutz - Morgan Stanley Operator Hello and welcome to the Q3 2023 Nabors Industries Limited Earnings Call.

Nabors Industries Ltd. (NBR) Q3 2023 Earnings Call Transcript

HAMILTON, Bermuda , Oct. 25, 2023 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) today reported third quarter 2023 operating revenues of $734 million, compared to operating revenues of $767 million in the second quarter.

Nabors Announces Third Quarter 2023 Results

HAMILTON, Bermuda , Oct. 6, 2023 /PRNewswire/ -- Nabors Industries Ltd. (NYSE: NBR) invites you to join Anthony G.

Nabors Industries Ltd. Third Quarter 2023 Earnings Conference Call Invitation

Nabors (NBR) leads the charge in the Middle East smart drilling evolution, along with purpose-built product line for decarbonization.

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Total revenues were $767.07 million (Total revenue and others were $778.81 million) in the second quarter of 2023, up from $630.94 million a year ago. Nabors Industries exited 2Q23 with 88.6 rigs, the average rig working in the U.S. (96.4 rigs in 2Q22). The daily margin increased to $16,890 per day. I recommend buying NBR stock between $115.3 and $110 to accumulate again, with potential lower support at $100.5.

Nabors Industries: Domestic Drilling Activity Is Declining

Nabors (NBR) expects $125 million capital spending for Q3 2023, with $48 million allocated for Saudi Arabian construction.

Nabors (NBR) Q2 Earnings Lag Estimates, Sales Beat

Nabors Industries Ltd. (NYSE:NBR ) Q2 2023 Earnings Conference Call July 26, 2023 11:00 AM ET Company Participants William Conroy - Vice President, Corporate Development & Investor Relations Tony Petrello - Chairman, President & Chief Executive Officer William Restrepo - Chief Financial Officer Subodh Saxena - Senior Vice President, Nabors Drilling Solutions Travis Purvis - Senior Vice President, Global Drilling Operations Conference Call Participants Waqar Syed - ATB Capital Markets Kurt Hallead - Benchmark Dan Kutz - Morgan Stanley Keith Mackey - RBC Capital Markets Arun Jayaram - JPMorgan John Daniel - Daniel Energy Partners Operator Good day, and welcome to the Nabors Industries Ltd.

Nabors Industries Ltd. (NBR) Q2 2023 Earnings Call Transcript

Nabors Energy Transition Corp II

HAMILTON, Bermuda , July 25, 2023 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) today reported second quarter 2023 operating revenues of $767 million, compared to operating revenues of $779 million in the first quarter.

Nabors Announces Second Quarter 2023 Results

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) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

HAMILTON, Bermuda , July 11, 2023 /PRNewswire/ -- Nabors Industries Ltd. (NYSE: NBR) invites you to join Anthony G.

Nabors Industries Ltd. Second Quarter 2023 Earnings Conference Call Invitation

Nabors (NBR) announces the filing of the registration of a special purpose acquisition company with the Securities and Exchange Commission, and intends to raise $300 million from initial public offering.

Nabors (NBR) Announces SPAC Registration With $300M IPO Plan

Nabors Industries Ltd. (NYSE:NBR) has announced that its second blank check company, Nabors Energy Transition Corp. II (NETD), has filed to raise up to $300 million in an initial public offering (IPO) on the Nasdaq under the symbol ‘NETDU'.

Nabors says second energy transition SPAC plans $300M IPO

HAMILTON, Bermuda , June 22, 2023 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR), a leading provider of advanced technology for the global energy industry, announced today that Nabors Energy Transition Corp. II ("NETD"), a newly formed special purpose acquisition company and an affiliate of Nabors, has filed a registration statement on Form S-1 (the "Registration Statement") with the Securities and Exchange Commission (the "SEC") in connection with a proposed initial public offering of its units.

Nabors Announces Filing of SPAC Registration Statement

Nabors Energy Transition Corp. II, a blank-check company sponsored by oil services company Nabors Industries Ltd. NBR, +3.07%, filed to raise up to $300 million in an initial public offering on the Nasdaq under the symbol “NETD”.

Nabors Industries files second blank check IPO deal

Halliburton

HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) and Nabors Industries (NYSE: NBR, “Nabors”) today announced an agreement on leading well construction automation solutions. Under the agreement, Halliburton and Nabors will collaborate together on their technologies including the Halliburton Well Construction 4.0 digital surface and subsurface drilling technologies, the LOGIX® Autonomous Drilling Platform, and the Nabors SmartROS® universal rig controls and automation platform and RigCLO.

News for Nabors Industries Stock (NBR)