Nabors Indsustries Stock Price, News & Analysis

Nabors Industries Ltd. (NYSE: NBR) operates in the drilling oil and gas wells industry within the broader mining, quarrying, and oil and gas extraction sector. According to company and market disclosures, Nabors owns and operates land-based drilling rig fleets and provides offshore platform rigs in the United States and international markets. The company reports that it is a provider of advanced technology for the energy industry, with a presence in more than 20 countries and a global network of people, technology and equipment focused on safe, efficient and responsible energy production.

Nabors states that it leverages core competencies in drilling, engineering, automation, data science and manufacturing to support energy producers. In addition to operating drilling rigs, the company offers performance tools, directional drilling services, tubular running services and related technologies. Its activities are organized into four reportable segments: U.S. Drilling, International Drilling, Drilling Solutions and Rig Technologies. Disclosures indicate that a significant portion of revenue is generated from the International Drilling segment.

Business segments and operations

The U.S. Drilling segment covers Nabors’ land and offshore drilling operations in the United States, including activity in areas such as the Lower 48 states, Alaska and the Gulf of Mexico, as referenced in company results discussions. The International Drilling segment encompasses land and offshore drilling operations outside the United States. Company communications highlight deployments in regions such as India, Kuwait and Saudi Arabia through various contracts and joint ventures.

The Drilling Solutions segment, sometimes referred to as NDS in company materials, includes performance-oriented services and tools that support drilling operations. This segment previously included Quail Tools, LLC, which Nabors sold to a subsidiary of Superior Energy Services under a membership interest purchase agreement. The Rig Technologies segment focuses on rig-related technology offerings and aftermarket activities, as described in the company’s segment reporting.

International presence and joint ventures

Nabors describes its footprint as spanning more than 20 countries, supported by a global network of personnel, equipment and technology. In Saudi Arabia, Nabors participates in SANAD, a land drilling joint venture with Saudi Aramco. Company announcements describe SANAD as the largest land drilling contractor in Saudi Arabia and note that its rigs play a role in the development of the Kingdom’s energy resources. SANAD has deployed multiple newbuild rigs in Saudi Arabia, and Nabors has reported contract activity and rig deployment schedules for this joint venture.

Energy technology and lower-carbon focus

In multiple public statements, Nabors characterizes itself as a provider of advanced technology for the energy industry. The company indicates that it aims to "innovate the future of energy" and "enable the transition to a lower-carbon world" by applying its expertise in drilling, engineering, automation, data science and manufacturing. In collaboration with customers, Nabors has deployed high-specification rigs such as the PACE-X Ultra™ system, described in third-party and company communications as a next-generation onshore drilling rig designed for demanding, long-lateral and high-pressure well programs.

Some of these rigs incorporate technologies that allow substitution of natural gas for diesel fuel, which is described as improving fuel efficiency and reducing emissions intensity. Such deployments are presented by the company and its partners as examples of combining high drilling performance with an emphasis on operational safety, efficiency and environmental responsibility.

Capital structure and financing activities

Nabors’ SEC filings detail an active approach to managing its capital structure. The company, through its subsidiaries, has issued various senior priority guaranteed notes and senior guaranteed notes, and maintains an amended and restated revolving credit facility. In a Form 8-K, Nabors reported that Nabors Industries, Inc. entered into a purchase agreement to sell 7.625% Senior Priority Guaranteed Notes due 2032, with guarantees provided by Nabors Industries Ltd. and certain subsidiaries. The proceeds are intended, among other uses, to retire outstanding senior priority guaranteed notes due 2027 and for general corporate purposes.

Other filings describe amendments to a receivables purchase agreement and related sale and indemnification agreements, which involve subsidiaries and a receivables financing structure with a facility limit of $250 million. Nabors has also amended its credit agreement to adjust restricted payments covenants, allowing a defined level of equity repurchases or dividends within specified limits. Public statements from the company emphasize a focus on deleveraging, reducing gross debt and strengthening its balance sheet.

Corporate governance and listing

Nabors Industries Ltd. is incorporated in Bermuda, as indicated in its Form 8-K filings, and its common shares trade on the New York Stock Exchange under the symbol NBR. The company files periodic and current reports with the U.S. Securities and Exchange Commission, including Forms 10-K, 10-Q and 8-K, which provide detailed information on operations, financial condition, risk factors and governance matters.

Board and management changes are disclosed through SEC filings. For example, the company has reported the appointment of new directors and changes in senior executive roles, including the appointment of a Chief Financial Officer and related compensation and severance arrangements. These disclosures outline compensation terms, equity awards, severance protections and other governance-related matters.

Earnings reporting and investor communications

Nabors regularly announces quarterly earnings results and hosts conference calls to discuss operating performance. Press releases and related Form 8-K filings describe segment-level adjusted EBITDA, rig counts, daily adjusted gross margins and adjusted free cash flow, along with commentary on market conditions in U.S. and international drilling markets. The company also provides non-GAAP financial measures such as adjusted EBITDA, adjusted operating income, net debt and adjusted free cash flow, with reconciliations to the nearest GAAP measures included in its disclosures.

Investor presentations, conference participation and press releases are used to communicate the company’s operational progress, capital structure initiatives and strategic priorities, including international growth opportunities, joint venture developments and technology deployments.

Summary of Nabors’ role in the energy sector

Based on its own descriptions and regulatory filings, Nabors Industries Ltd. is engaged in land and offshore drilling and related services, supported by technology and engineering capabilities. Its operations span the U.S. and international markets, with a stated presence in more than 20 countries and a notable joint venture position in Saudi Arabia through SANAD. The company emphasizes advanced drilling technology, automation and data-driven solutions, while also highlighting initiatives that align with lower-carbon and efficiency-focused objectives in the energy industry.