---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-073965"
form_type: "8-K"
ticker: "NBR"
cik: "0001163739"
company_name: "NABORS INDUSTRIES LTD"
filed_at: "2023-06-23T23:59:59+00:00"
generated_at: "2026-06-13T17:38:12.919163+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Nabors CFO: Lower 48 activity below expectations; Drilling Solutions EBITDA target $150M, FCF $400M

## Summary
- Lower 48 oil basins activity may fall short of prior expectations, per CFO at J.P. Morgan Energy Conference.
- Full-year 2023 Drilling Solutions EBITDA expected to increase to $150 million.
- Company reaffirms $400 million free cash flow target for 2023 despite softer Lower 48 market.
- Additional $50 million reduction in 2023 capex to help offset unfavorable Lower 48 trend.

## SEC filing metadata
- accession: 0001104659-23-073965
- form_type: 8-K
- ticker: NBR
- cik: 0001163739
- company_name: NABORS INDUSTRIES LTD
- filed_at: 2023-06-23T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163739/000110465923073965/0001104659-23-073965-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163739/000110465923073965/tm2319517d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-073965
- JSON: https://secwatch.observer/filing/0001104659-23-073965.json
- Plain text: https://secwatch.observer/filing/0001104659-23-073965.txt

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