{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-049162","form_type":"8-K","ticker":"NBR","cik":"0001163739","company_name":"NABORS INDUSTRIES LTD","filed_at":"2023-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.094697+00:00","generated_at":"2026-06-16T15:36:40.756672+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Nabors Q1 net income $49M ($4.11/diluted), revenue $779M; Q2 Lower 48 rig count guided to 85","bullets":["Q1 revenue $779M (+2.5% QoQ), net income $49M ($4.11 diluted) vs Q4 loss of $69M.","Adjusted EBITDA $240M vs $230M Q4; U.S. Drilling segment EBITDA $156.5M (+9%).","Lower 48 daily gross margin record $16,690 (+14% QoQ); Q2 guidance expects margin $16,900-$17,000 but rig count down to 85 from 93.","Issued $250M convertible notes due 2029 to redeem 9% senior notes due 2025, extending maturity and reducing annual debt cost by >$15M.","Full-year 2023 adjusted free cash flow target unchanged at $400M; Q1 adjusted FCF $37M."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-049162","json":"https://secwatch.observer/filing/0001104659-23-049162.json","markdown":"https://secwatch.observer/filing/0001104659-23-049162.md","text":"https://secwatch.observer/filing/0001104659-23-049162.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1163739/000110465923049162/0001104659-23-049162-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1163739/000110465923049162/tm2313594d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T15:36:40.756672+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d44d4fb87f1dd150df6b3a93d5bd51342411fce5","claim":"NABORS INDUSTRIES LTD reported first quarter 2023 results: revenue $779 million, net income $49 million, EPS $4.11 per diluted share. Guidance reaffirmed.","evidence_excerpt":"Nabors Industries Ltd. (“Nabors” or the “Company”) (NYSE: NBR) today reported first quarter 2023 operating revenues of $779 million, an increase of 2.5%, compared to operating revenues of $760 million in the fourth quarter of 2022. The net income attributable to Nabors shareholders for the quarter was $49 million, or $4.11 per diluted share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1163739/000110465923049162/0001104659-23-049162-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2023"},{"label":"Revenue","value":"$779 million"},{"label":"Net income","value":"$49 million"},{"label":"EPS","value":"$4.11 per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}