Nabors Energy Transition II Units Financials
This page shows Nabors Energy Transition II Units (NETDU) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
For every $1 of reported earnings, Nabors Energy Transition II Units generates $-0.03 in operating cash flow (-$310K OCF vs $12.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Nabors Energy Transition II Units reported $12.0M in net income in fiscal year 2024.
Cash & Balance Sheet
Nabors Energy Transition II Units held $1.6M in cash against $0 in long-term debt as of fiscal year 2024.
Margins & Returns
Capital Allocation
NETDU Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $3.8M+260.5% | $1.1M-56.7% | $2.5M | N/A | $479K+84.3% | $260K-2.1% | $265K | N/A |
| Operating Income | -$3.8M-260.5% | -$1.1M+56.7% | -$2.5M | N/A | -$479K-84.3% | -$260K+2.1% | -$265K | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$2.3M-197.3% | $2.4M+168.4% | $876K | N/A | $4.0M+11.2% | $3.6M-5.9% | $3.8M | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
NETDU Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $154.8M-54.4% | $339.8M+0.9% | $336.7M+1.0% | $333.5M+1.1% | $329.9M+1.3% | $325.6M+1.1% | $322.0M+1.2% | $318.0M |
| Current Assets | $669K-45.7% | $1.2M-22.9% | $1.6M-8.0% | $1.7M-6.9% | $1.9M-9.7% | $2.1M-5.3% | $2.2M-2.4% | $2.2M |
| Cash & Equivalents | $630K-46.6% | $1.2M-19.3% | $1.5M-8.7% | $1.6M-2.8% | $1.6M-7.7% | $1.8M-7.9% | $1.9M-2.4% | $2.0M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $168.3M-52.8% | $356.7M+1.2% | $352.6M+0.9% | $349.6M+2.0% | $342.8M+1.4% | $338.1M+1.2% | $334.1M+1.3% | $329.9M |
| Current Liabilities | $3.0M+590.3% | $430K-20.3% | $540K+72.0% | $314K+41.7% | $221K-17.0% | $267K+4.6% | $255K+30.1% | $196K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$13.5M+20.3% | -$16.9M-6.7% | -$15.8M+1.3% | -$16.1M-24.5% | -$12.9M-3.9% | -$12.4M-2.1% | -$12.2M-2.2% | -$11.9M |
| Retained Earnings | -$13.5M+20.3% | -$16.9M-6.7% | -$15.8M+1.3% | -$16.1M-24.5% | -$12.9M-3.9% | -$12.4M-2.1% | -$12.2M-2.2% | -$11.9M |
NETDU Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$549K-95.0% | -$281K-101.2% | -$140K-208.0% | -$45K+26.6% | -$62K+59.8% | -$154K-216.8% | -$49K-35.4% | -$36K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 |
| Financing Cash Flow | N/A | N/A | N/A | $0 | N/A | N/A | N/A | $0 |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
NETDU Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -1.5%-2.2pp | 0.7%+0.4pp | 0.3% | N/A | 1.2%+0.1pp | 1.1%-0.1pp | 1.2% | N/A |
| Current Ratio | 0.23-2.6 | 2.86-0.1 | 2.96-2.6 | 5.53-2.9 | 8.42+0.7 | 7.74-0.8 | 8.54-2.9 | 11.40 |
| Debt-to-Equity | -12.49+8.6 | -21.09+1.2 | -22.25-0.5 | -21.76+4.8 | -26.56+0.6 | -27.20+0.3 | -27.46+0.3 | -27.72 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$16.1M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Similar Companies
Frequently Asked Questions
Is Nabors Energy Transition II Units profitable?
Yes, Nabors Energy Transition II Units (NETDU) reported a net income of $12.0M in fiscal year 2024.
What is Nabors Energy Transition II Units's operating cash flow?
Nabors Energy Transition II Units (NETDU) generated -$310K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Nabors Energy Transition II Units's total assets?
Nabors Energy Transition II Units (NETDU) had $333.5M in total assets as of fiscal year 2024, including both current and long-term assets.
What is Nabors Energy Transition II Units's current ratio?
Nabors Energy Transition II Units (NETDU) had a current ratio of 5.53 as of fiscal year 2024, which is generally considered healthy.
What is Nabors Energy Transition II Units's debt-to-equity ratio?
Nabors Energy Transition II Units (NETDU) had a debt-to-equity ratio of -21.76 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Nabors Energy Transition II Units's return on assets (ROA)?
Nabors Energy Transition II Units (NETDU) had a return on assets of 3.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Nabors Energy Transition II Units's cash runway?
Based on fiscal year 2024 data, Nabors Energy Transition II Units (NETDU) had $1.6M in cash against an annual operating cash burn of $310K. This gives an estimated cash runway of approximately 62 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Nabors Energy Transition II Units's debt-to-equity ratio negative or unusual?
Nabors Energy Transition II Units (NETDU) has negative shareholder equity of -$16.1M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
Are Nabors Energy Transition II Units's earnings high quality?
Nabors Energy Transition II Units (NETDU) has an earnings quality ratio of -0.03x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.