STOCK TITAN

NABORS INDUSTRIES WT 26 8-K Filings

NBRWF OTC

Every 8-K that NABORS INDUSTRIES WT 26 (NBRWF) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 8-K covers material events a company has to report between its quarterly reports, so if you follow NBRWF and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NBRWF filings page.

Rhea-AI Summary

Nabors Industries Ltd. held its annual general meeting of shareholders, with 12,866,339 shares participating, representing 80.61% of the common shares entitled to vote as of the record date. All nominated directors were elected, each receiving a majority of shares voted.

Shareholders also voted on three additional proposals. One proposal was approved with 12,529,135 votes for and 297,829 against, and another was approved with 10,292,678 votes for and 1,032,052 against. A different proposal did not pass, receiving 3,823,997 votes for and 7,497,073 against.

Rhea-AI Summary

Nabors Industries reported first-quarter 2026 operating revenues of $783.5 million, up from $736.2 million a year earlier but slightly below $797.5 million in the prior quarter. Net loss attributable to shareholders was $15.2 million, or $(1.54) per diluted share, compared with net income of $10.3 million a year ago and $33.0 million in the fourth quarter of 2025.

First-quarter adjusted EBITDA was $204.8 million, roughly in line with both the prior-year and prior-quarter levels, while adjusted operating income was $48.6 million. Adjusted free cash flow was negative $48.2 million, an improvement versus negative $61.2 million in the first quarter of 2025 but weaker than strong fourth-quarter 2025 generation.

Operationally, the company’s average total rigs working increased to 167.9 from 153.2 a year earlier, driven by growth in both the Lower 48 and international markets. Nabors continued debt reduction, redeeming the remaining notes due 2028 and bringing total debt to $2.1 billion as of March 31, 2026. Management’s outlook for the second quarter calls for modestly higher rig counts, stable segment-level EBITDA, capital expenditures of $180–$190 million, and approximately $10 million of adjusted free cash flow.

Rhea-AI Summary

Nabors Industries Ltd. entered into an Incremental Joinder to its amended and restated credit agreement on April 7, 2026, through subsidiary Nabors Industries, Inc.

The joinder increases the Letters of Credit Maximum Amount by $25,000,000, allowing letters of credit reimbursement obligations up to $150,000,000 outstanding at any time, without reducing revolving loan capacity.

Rhea-AI Summary

Nabors Industries Ltd. reported mixed but strengthening results for the fourth quarter and full year 2025. Fourth‑quarter operating revenues were $797.5 million, slightly below the third quarter’s $818.2 million. Net income attributable to shareholders was $10.3 million, or $0.17 per diluted share, versus $274.2 million and $16.85 in the prior quarter, which had a one‑time after‑tax gain on the sale of Quail Tools of $314 million.

Fourth‑quarter adjusted EBITDA was $221.6 million, down modestly from $236.3 million in the third quarter. For 2025, operating revenues rose to $3.18 billion from $2.93 billion, and full‑year adjusted EBITDA increased to $912.7 million from $881.3 million, reflecting broad operational growth.

Management highlighted a “transformational” improvement in the capital structure. Including a January redemption, total debt was reduced by $388 million since year‑end 2024, and net debt fell to $1.55 billion from $2.11 billion a year earlier. Annual interest expense is expected to decline by about $45 million, directly boosting adjusted free cash flow. Fourth‑quarter adjusted free cash flow surged to $131.8 million from $5.6 million in the third quarter, helped by stronger EBITDA, better collections in Mexico, lower‑than‑expected capital spending and claim settlements.

Rhea-AI Summary

Nabors Industries Ltd. announced that its subsidiary Nabors Industries, Inc. sold $700 million of 7.625% Senior Priority Guaranteed Notes due 2032 to initial purchasers, with closing on November 10, 2025. Net proceeds were approximately $687.9 million.

Nabors intends to use the proceeds to retire all outstanding 7.375% Senior Priority Guaranteed Notes due 2027, which total $546.1 million in aggregate principal, with the balance for general corporate purposes. The new notes are fully and unconditionally guaranteed by existing guarantor subsidiaries and certain lower-tier subsidiaries, carry customary covenants, and include a change-of-control put at 101%. They are redeemable at a make-whole prior to November 15, 2028, at declining prices thereafter, and up to 35% may be redeemed before that date with equity offering proceeds at 107.625%.

Rhea-AI Summary

Nabors Industries Ltd. (NBR) furnished an update on its latest quarterly performance. The company issued a press release covering results for the three months ended September 30, 2025, provided as Exhibit 99.1, with additional investor materials in Exhibit 99.2. Nabors will host a conference call on October 29, 2025 at 10:00 a.m. Central Time to discuss the quarter. Access details, a recording, and supplemental information are available on the Investor Relations page of www.nabors.com. The information was furnished under Item 2.02 and is not deemed filed.