Nabors reports Q4 2022 revenue $760M (+10% QoQ); adjusted EBITDA $230M (+21%); guides FY2023 FCF >$400M

NABORS INDUSTRIES LTD

2022-FY EPS reported -$40.52 revenue$2,653,766,000

Revenue $760M, up 10% sequentially; net loss $69M ($7.87/sh) includes $36M non-cash warrant charge.
Adjusted EBITDA $230M, highest quarterly since 2015; U.S. Drilling daily margin $14,600 (all-time high).
Adjusted free cash flow $101M in Q4, full-year $154M; net debt reduced $75M to $2.085B.
Q1 2023 guidance: Lower 48 daily margin $16,100-$16,300; international rig count +1-2; FY2023 FCF >$400M.
SANAD awarded 5 more newbuilds (total 10); deployment of second tranche expected late 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NABORS INDUSTRIES LTD reported the three months ended December 31, 2022 results: revenue $760 million, net income $69 million, EPS $7.87 per share.

Period: the three months ended December 31, 2022
Revenue: $760 million
Net income: $69 million
EPS: $7.87 per share
Result: reported results

Exact text from the filing

Nabors Industries Ltd. (“Nabors” or the “Company”) (NYSE: NBR) today reported fourth quarter 2022 operating revenues of $760 million, an increase of approximately 10%, compared to operating revenues of $694 million in the third quarter of 2022. The net loss attributable to Nabors shareholders for the quarter was $69 million, or $7.87 per share.

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Source: SEC EDGAR

accession 0001104659-23-011769

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