earnings
confidence high
sentiment positive
materiality 0.85
Nabors Q3 revenues $694M (+10% QoQ); net loss narrows to $14M; adj. EBITDA $191M (+21%)
NABORS INDUSTRIES LTD
2022-Q3 EPS reported
-$32.72
revenue$1,893,618,000
- Q3 revenues $694M (+10% QoQ); net loss $14M ($1.80) vs. $83M loss ($9.41) in Q2.
- Adjusted EBITDA $191M (+21% QoQ); US Drilling adj. EBITDA $114.5M (+31%).
- Lower 48 daily margin $11,165 (+28% QoQ); leading-edge dayrates approaching $40,000.
- Net debt $2.16B, reduced $23M; Q3 AFFO $35M; FY22 FCF guidance >$100M.
- Q4 outlook: US rig count up 4-5, Lower 48 margin ~$13,500; Intl margin ~$14,900; capex $100-120M.