---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-011769"
form_type: "8-K"
ticker: "NBR"
cik: "0001163739"
company_name: "NABORS INDUSTRIES LTD"
filed_at: "2023-02-07T23:59:59+00:00"
generated_at: "2026-06-19T22:29:04.695299+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-011769
- form_type: 8-K
- ticker: NBR
- cik: 0001163739
- company_name: NABORS INDUSTRIES LTD
- filed_at: 2023-02-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163739/000110465923011769/0001104659-23-011769-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163739/000110465923011769/tm235730d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-011769
- JSON: https://secwatch.observer/filing/0001104659-23-011769.json
- Plain text: https://secwatch.observer/filing/0001104659-23-011769.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163739/000110465923011769/0001104659-23-011769-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.