Nabors Indsustries SEC Filings

William J. Restrepo, Chief Financial Officer of Nabors Industries Ltd (NBR), retired on 09/30/2025. Under his employment agreement, all unvested TSR shares and performance stock units (PSUs) vested on his retirement date. Several vested awards were settled by surrendering shares to satisfy tax withholding while the remainder were retained.

The filing shows dispositions of 4,013, 7,074, and 9,662 common shares (each at $40.87) to cover tax obligations, and vested PSU conversions totaling 12,773 PSUs that resulted in share issuances with partial withholding. The reporting person continues to directly own common shares and warrants, including 44,212 common shares underlying 2021 warrants reported as owned.

Nabors Industries Ltd. appointed Miguel Rodriguez as Chief Financial Officer, effective October 1, 2025, succeeding William Restrepo, whose previously announced retirement became effective September 30, 2025. Mr. Rodriguez will serve as the company’s principal financial and accounting officer beginning October 1, 2025. The filing lists two related exhibits: an Offer Letter and an Executive Severance Agreement, both effective October 1, 2025. No financial statements or additional compensatory figures are included in the disclosed text.

Amended Form 4 reporting disgorgement of option premiums and related holdings. Varde-affiliated reporting persons amended prior Form 4 to disclose they disgorged $833,738, representing aggregate premiums received for writing call options that expired within six months of writing. The amendment corrects volume-weighted average prices for two sets of written calls: 2,743 NBR Call 35 contracts with a VWAP of $248 and 1,002 NBR Call 40 contracts with a VWAP of $153, both expiring on July 18, 2025. The filing shows 374,500 common shares underlying the disclosed options and reports 0 derivative securities beneficially owned following the transactions. The reporting persons disclaim beneficial ownership except for pecuniary interest.

Nabors Industries Ltd. filed a Form 8-K disclosing written communications and pre‑commencement solicitation materials and attaching several transaction documents dated August 20, 2025. The filing lists a Seller Note and Security Agreement among Covey Holdings, LLC, Quail Tools, LLC, Superior Energy Services, Inc. and PD ITS, LLC, plus a Guaranty Agreement by Superior Energy Services, Inc. and Quail Tools, LLC in favor of PD ITS, LLC. A press release dated August 20, 2025 and Pro Forma Financial Statements are referenced, and the cover page includes Inline XBRL. The filing notes that certain schedules and exhibits were omitted under Regulation S‑K but are available on request. The report is signed by Corporate Secretary Mark D. Andrews and dated August 22, 2025.

Nabors Industries (NBR) filed its Form 10-Q for the quarter ended 30 Jun 25. Q2 operating revenue grew 13% YoY to $833 m, lifting H1 revenue 7% to $1.57 b. A $116 m bargain-purchase gain from the March Parker Drilling acquisition pushed H1 net income to $2 m versus a $67 m loss last year, but the quarter remained loss-making: Nabors posted a $31 m net loss (-$2.71/sh) versus -$32 m (-$4.29) in Q2-24.

Direct costs rose 11% while revenue climbed 13%; however, SG&A jumped 33% and interest expense increased 9% to $56 m, limiting operating leverage. The firm also booked a $26.5 m impairment on Russia-related assets; current Russian exposure is <1% of revenue and PPE.

Total assets expanded 12% to $5.04 b. Long-term debt rose 7% to $2.67 b after drawing $178 m on the new 2024 credit facility to retire Parker’s term loan; weighted-average revolver rate is 7.2%. Share issuance for the Parker deal and earnings effects boosted shareholders’ equity to $308 m from $135 m at 12/24.

Operating cash flow slipped 17% YoY to $240 m while capex jumped 48% to $344 m, turning free cash flow negative. Nabors reports covenant compliance and 15.74 m basic shares outstanding (14.58 m net of treasury) as of 29 Jul 25.