Welcome to our dedicated page for Nabors Indsustries news (Ticker: NBR), a resource for investors and traders seeking the latest updates and insights on Nabors Indsustries stock.
Nabors Industries Ltd. (NYSE: NBR) is active in the drilling oil and gas wells industry and regularly issues news and updates relevant to energy and capital markets. The company reports that it owns and operates land-based drilling rig fleets and provides offshore platform rigs in the United States and international markets, while also positioning itself as a provider of advanced technology for the energy industry with a presence in more than 20 countries.
News about Nabors often covers quarterly earnings results, segment performance in U.S. Drilling, International Drilling, Drilling Solutions and Rig Technologies, and commentary from management on rig activity, margins and adjusted financial measures. Earnings releases are typically accompanied by conference call invitations, dial-in details and webcasts, giving investors and analysts access to management’s discussion of operating results and outlook.
Another recurring theme in Nabors’ news flow is capital structure and financing activity. The company has announced offerings and pricing of senior priority guaranteed notes, amendments to its credit facilities and receivables financing arrangements, as well as the use of proceeds to retire existing notes and reduce gross debt. These updates provide insight into Nabors’ deleveraging efforts and balance sheet strategy.
Operational news items highlight technology deployments and joint ventures, such as the SANAD land drilling joint venture in Saudi Arabia and the deployment of high-specification rigs like the PACE-X Ultra™ system under multi-year contracts. Asset transactions, including the sale of Quail Tools, and subsequent receipt of seller note repayments have also been disclosed. This news page aggregates such developments so readers can follow Nabors’ financial reporting, financing transactions, joint venture activity and technology-related announcements in one place.
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.
Nabors reported Q1 2025 operating revenues of $736 million and net income of $33 million ($2.18 per share), compared to Q4 2024's $730 million revenue and $54 million loss. The quarter included a $113 million gain from the Parker transaction and $28.6 million in charges from Russian operations wind-down.
Key developments include:
- Completion of Parker Wellbore acquisition, adding Quail Tools and international assets
- SANAD joint venture deployed its 10th newbuild rig, with more planned throughout 2025
- Expanded alliance with Corva AI for RigCLOUD platform enhancement
- Suspended operations in Russia due to expanded sanctions
The company's outlook for Q2 2025 projects 63-64 Lower 48 rigs, international rig count of 85-86, and capital expenditures of $220-230 million. Full-year 2025 adjusted free cash flow is expected at $80 million, with SANAD consuming $150 million while remaining operations generate around $230 million.
Halliburton (HAL) and Nabors Industries (NBR) have achieved a significant milestone in drilling automation in Oman, implementing the first fully automated surface and subsurface execution of rotary and slide drilling operations. The collaboration integrates Halliburton's LOGIX™ automation and remote operations solutions with Nabors SmartROS® rig operating system.
The integrated solution delivered land-based, closed-loop drilling capabilities that enhanced operational efficiency, consistency, and real-time decision-making. The project demonstrated improved performance metrics, including:
- Wells delivered ahead of schedule
- Higher average rate of penetration
- Reduced non-productive time
This achievement earned both companies the 2025 Digital Enabler of the Year Award and marks a significant advancement in automation technology in the Middle East region.
Nabors Industries (NYSE: NBR) has scheduled its first quarter 2025 earnings conference call for April 30, 2025, at 11:00 a.m. Central Time. The company will release its Q1 2025 earnings results after market close on April 29, 2025.
Chairman, President and CEO Anthony G. Petrello and CFO William Restrepo will lead the discussion of operating results for the quarter ended March 31, 2025. The call will be accessible via multiple channels, including US and Canada toll-free numbers, and will be available for replay until May 7, 2025.
Investors can also access a live audio webcast of the conference call through the Investor Relations section of Nabors' website, where the earnings release and any supplemental presentations will be available for download.
Nabors Industries (NYSE: NBR) announced that CFO William Restrepo will retire effective September 30, 2025, after serving 11 years in the position. He will continue as a Strategic Advisor to CEO Anthony G. Petrello.
During his tenure, Restrepo played a important role in:
- Refocusing the company in the drilling space
- Expanding international presence
- Supporting technology leadership
- Growing Nabors Drilling Solutions
- Managing key acquisitions (Tesco and Parker Wellbore)
- Reducing company debt by 50%
- Navigating industry downturns in 2015 and 2020
Miguel Rodriguez, current Senior VP of Operations Finance, will transition into the CFO role. Rodriguez joined Nabors in 2019 with over 25 years of finance experience at SLB, where he previously led the financial function for SLB's Drilling Group.
FAQ
What is the current stock price of Nabors Indsustries (NBR)?
What is the market cap of Nabors Indsustries (NBR)?
