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Nabors Industries Ltd. (NYSE: NBR) is a global leader in advanced drilling technology and energy sector innovation. This page serves as the definitive source for official company announcements, financial disclosures, and operational developments impacting the oil & gas services market.
Access real-time updates including earnings reports, strategic partnerships, and technological advancements in automation and sustainable drilling practices. Our curated news collection helps stakeholders track material events affecting NBR's market position and operational capabilities across 20+ countries.
Key updates cover rig fleet expansions, international contract awards, and innovations in data-driven drilling solutions. Bookmark this page for direct access to SEC filings, investor presentations, and analysis of Nabors' industry-leading safety initiatives and ESG progress.
Monitor critical developments in land-based and offshore operations through verified sources. Return regularly for comprehensive coverage of Nabors Industries' role in shaping efficient energy extraction technologies worldwide.
Nabors (NYSE: NBR) announced on Oct. 9, 2025 that it has received prepayment in full of a $250 million seller financing note issued earlier in 2025 related to the sale of Quail Tools to Superior Energy.
The prepayment was received ahead of the note's scheduled maturity, which the company said strengthens financial liquidity. Nabors intends to use the proceeds to continue reducing gross debt, concentrating on outstanding notes maturing in 2028, and reiterated its commitment to deleveraging and enhancing long-term shareholder value.
Nabors Industries (NYSE: NBR) will hold its 3Q 2025 earnings conference call on Wednesday, October 29, 2025 at 10:00 a.m. CT (11:00 a.m. ET). Management attendees: Anthony G. Petrello, Chairman, President & CEO, and Miguel Rodriguez, CFO. Nabors will release third quarter results after market close on October 28, 2025.
Dial-in numbers: US toll free (888) 317-6003; Canada toll free (866) 284-3684; International (412) 317-6061. Participant entry number: 8499486. Callers are asked to dial 10–15 minutes early. A recorded replay is available until 4:00 p.m. CT on November 5, 2025 (North America replay: (877) 344-7529; international: (412) 317-0088; replay entry 9724612).
A live audio webcast and downloadable earnings release and any supplemental presentation will be available on Nabors' Investor Relations page at www.nabors.com.
Nabors Industries (NYSE:NBR) has responded to Superior Energy Services' recent senior secured notes offering announcement. CEO Anthony G. Petrello confirmed that Superior plans to use $250 million of the proceeds to repay seller financing owed to Nabors from the Quail Tools, LLC acquisition.
Nabors intends to use these incoming funds for debt reduction, specifically targeting their 2027 and 2028 senior notes, as part of their ongoing deleveraging strategy to enhance long-term shareholder value.
Nabors Industries (NYSE:NBR) and Caturus Energy have deployed the PACE-X Ultra™ X33, the most powerful onshore drilling rig in the United States. The multi-year contract marks a significant technological advancement in drilling capabilities, featuring a one million-pound mast rating and three 2,000-horsepower mud pumps.
The rig enables complex well designs, including 4-mile laterals and 14,000+ vertical depths, supporting Caturus Energy's goal to grow net production to 1 billion cubic feet of gas equivalent per day by 2029. The system incorporates Cat® Dynamic Gas Blending technology for improved fuel efficiency and reduced emissions, demonstrating a commitment to environmental responsibility while enhancing operational performance.
Nabors Industries (NYSE: NBR), a leading provider of advanced energy technology solutions, announced its participation in Pareto Securities' 32nd Annual Energy Conference on September 10, 2025. Senior Vice President Finance Operations Miguel Rodriguez will deliver a presentation, joined by CFO William Restrepo and VP Corporate Development William Conroy.
The company, which operates in over 20 countries, specializes in drilling, engineering, automation, data science, and manufacturing, focusing on safe and efficient energy production while supporting the transition to a lower-carbon world. Presentation materials will be available in the Investor Relations section of Nabors' website.
Nabors Industries (NYSE: NBR) has announced the partial redemption of $150 million of its 7.375% Senior Priority Guaranteed Notes due in 2027. The redemption is scheduled for September 30, 2025, at a price of 101.844% of the principal amount plus accrued interest.
The debt reduction initiative follows the company's recent repayment of its revolving credit facility, which was previously used to repay the term loan from Parker Wellbore. The redemption will be funded using proceeds from the sale of Quail Tools, demonstrating Nabors' commitment to strategic debt reduction as a key value driver.
Nabors Industries (NYSE:NBR) has announced the sale of its Quail Tools subsidiary to Superior Energy Services for $600 million. The transaction includes $375 million in cash and a $250 million seller note, with expected cash taxes of approximately $5 million. The deal will reduce Nabors' net debt by more than 25% and generate annual interest savings exceeding $50 million.
Quail Tools, a leading provider of downhole tubulars to the U.S. oil and gas drilling market, is projected to generate adjusted EBITDA of $150 million in 2025. The transaction includes a Preferred Supplier Agreement with Superior. Following the sale, Nabors will retain the drilling rig, O&M, and tubular running services operations acquired from Parker, which are expected to generate a run rate adjusted EBITDA of at least $55 million in 2025.
The deal represents an acceleration of more than five years of anticipated free cash flow from the combined Parker businesses and will significantly strengthen Nabors' balance sheet, reducing its long-term debt from $2.7 billion.
Nabors Industries (NYSE: NBR) reported Q2 2025 operating revenues of $833 million, up from $736 million in Q1. The company posted a net loss of $31 million ($2.71 per share), compared to Q1 net income of $33 million ($2.18 per share). Q2 adjusted EBITDA reached $248 million, up from $206 million in Q1.
Key developments include: SANAD joint venture with Saudi Aramco deployed two newbuild rigs and secured a fourth tranche award of five rigs; completion of international rig reactivations in Kuwait; and significant drilling milestones in multiple U.S. basins. The integration of Parker Wellbore acquisition is progressing with cost synergies supporting the $40 million target for 2025.
For Q3 2025, Nabors expects Lower 48 rig count of 57-59 rigs, international rig count of 87-88 rigs, and projects capital expenditures of $700-710 million for the full year, including $300 million for SANAD newbuilds.
Nabors Industries (NYSE: NBR) has expanded its Board of Directors to eight members with the appointment of David J. Tudor, effective July 24, 2025. Tudor, who will serve on both the Audit and Risk Oversight Committees, brings extensive energy industry experience to the board.
Tudor currently serves as the CEO and General Manager of Associated Electric Cooperative Inc., a position he has held since 2016. His previous roles include CEO of Champion Energy Services and leadership positions at ACES Power Marketing, PG&E Energy Trading, and Edisto Resources. He also serves on several boards, including the National Renewables Cooperative Organization and Woodway Energy Infrastructure.
Nabors Industries (NYSE:NBR) has announced its upcoming Q2 2025 earnings conference call, scheduled for July 30, 2025, at 10:00 a.m. Central Time. The company will release its second quarter 2025 earnings results after market close on July 29, 2025.
Chairman, President and CEO Anthony G. Petrello and CFO William Restrepo will lead the discussion of operating results for the quarter ended June 30, 2025. The call will be accessible via multiple channels, including US and Canada toll-free numbers, and will be available for replay until August 06, 2025.
A live audio webcast will be available on the company's website at www.nabors.com, along with the earnings release and any supplemental presentation materials.