Nabors Industries Ltd.NBR
▲ PositiveCapitalrelevance
Net loss narrowed and full-year adjusted EBITDA guidance provided, indicating improved financial performance.
Impact on stocks 1
Energy
Nabors Industries Ltd.Nabors Industries reported a second-quarter net loss that narrowed to $22.3 million, or $2.04 per share, from a loss of $30.9 million, or $2.71 per share, a year ago. Revenue decreased to $816.9 million from $838.9 million, while total costs and other deductions fell to $802.0 million from $818.0 million. Average total rigs working rose to 171.2 from 167.9 in the prior quarter, with gains in both the Lower 48 and International Drilling businesses. The company now expects full-year 2026 adjusted EBITDA of $920 million to $930 million and adjusted free cash flow of $20 million to $30 million.
Nabors Industries Ltd.Net loss narrowed and full-year adjusted EBITDA guidance provided, indicating improved financial performance.