secwatch.observer — SEC 8-K summary
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Issuer:     NABORS INDUSTRIES LTD (NBR)
CIK:        0001163739
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001104659-23-111527
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163739/000110465923111527/0001104659-23-111527-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163739/000110465923111527/tm2329043d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-111527

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