secwatch.observer — SEC 8-K summary
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Issuer:     NABORS INDUSTRIES LTD (NBR)
CIK:        0001163739
Form:       8-K
Filed at:   2023-02-07T23:59:59+00:00
Accession:  0001104659-23-011769
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163739/000110465923011769/0001104659-23-011769-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163739/000110465923011769/tm235730d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-011769

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer