---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-111527"
form_type: "8-K"
ticker: "NBR"
cik: "0001163739"
company_name: "NABORS INDUSTRIES LTD"
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T08:00:06.506839+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Nabors Q3 net loss $49M, revenue $734M; FY FCF guidance cut to $225-250M

## Summary
- Net loss of $49M ($6.26/dil share) vs Q2 net income $5M; adjusted EBITDA $210M vs $235M.
- Lower 48 rig count avg 74, daily margin $15,855; Intl rig count 77, daily margin $15,778.
- FY 2023 adj FCF guidance reduced to $225-250M from $300-350M; Q3 FCF -$5M, capex $157M.
- Q4 guidance: Lower 48 rigs 72-74, daily margin $15k-$15.2k; Intl rig count up 1-2.

## SEC filing metadata
- accession: 0001104659-23-111527
- form_type: 8-K
- ticker: NBR
- cik: 0001163739
- company_name: NABORS INDUSTRIES LTD
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163739/000110465923111527/0001104659-23-111527-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163739/000110465923111527/tm2329043d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-111527
- JSON: https://secwatch.observer/filing/0001104659-23-111527.json
- Plain text: https://secwatch.observer/filing/0001104659-23-111527.txt

## Key facts
- Earnings Releases
  NABORS INDUSTRIES LTD reported three months ended September 30, 2023 results: revenue $734 million, net income net loss attributable to Nabors shareholders ... was $49 million, EPS loss of $6.26 per diluted share. Guidance lowered.
  - Period: three months ended September 30, 2023
  - Revenue: $734 million
  - Net income: net loss attributable to Nabors shareholders ... was $49 million
  - EPS: loss of $6.26 per diluted share
  - Guidance: lowered
  - Result: reported results
  source text: Nabors Industries Ltd. (“Nabors” or the “Company”) (NYSE: NBR) today reported third quarter 2023 operating revenues of $734 million, compared to operating revenues of $767 million in the second quarter. The net loss attributable to Nabors shareholders for the quarter was $49 million, compared to net income of $5 million in the second quarter. This equates to a loss of $6.26 per diluted share, compared to a loss per diluted share of $0.31 in the second quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163739/000110465923111527/0001104659-23-111527-index.htm

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