secwatch / observer
8-K filed February 6, 2024, 6:59 PM ET ticker NBR CIK 0001163739
earnings confidence high sentiment neutral materiality 0.80

Nabors Q4 net loss narrows to $17M; adjusted EBITDA up 10% Q/Q; guides Q1 2024

NABORS INDUSTRIES LTD

2023-FY EPS reported -$5.49 revenue$3,005,981,000

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NABORS INDUSTRIES LTD reported the fiscal year ended December 31, 2023 results: revenue $3.0 billion, net income net loss attributable to Nabors shareholders was $11.8 million.

Period
the fiscal year ended December 31, 2023
Revenue
$3.0 billion
Net income
net loss attributable to Nabors shareholders was $11.8 million
Result
reported results
Exact text from the filing
Full-year 2023 operating revenues were $3.0 billion, compared to $2.7 billion in the prior year. This 13% overall increase was driven by growth in all company segments. Nabors Drilling Solutions and Rig Technologies both expanded by 24%. U.S. Drilling revenue increased by 10%, while International Drilling was 12% higher than in 2022. For the full year 2023, the net loss attributable to Nabors shareholders was $11.8 million, compared to a loss of $350.3 million in 2022.
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NABORS INDUSTRIES LTD reported the three months ended December 31, 2023 results: revenue $726 million, net income net loss attributable to Nabors shareholders for the quarter was $17 million, EPS loss of $2.70 per diluted share.

Period
the three months ended December 31, 2023
Revenue
$726 million
Net income
net loss attributable to Nabors shareholders for the quarter was $17 million
EPS
loss of $2.70 per diluted share
Result
reported results
Exact text from the filing
today reported fourth quarter 2023 operating revenues of $726 million, compared to operating revenues of $734 million in the third quarter. The net loss attributable to Nabors shareholders for the quarter was $17 million, compared to a net loss of $49 million in the third quarter. This equates to a loss of $2.70 per diluted share, compared to a loss per diluted share of $6.26 in the third quarter.
View on SEC.gov

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Source: SEC EDGAR
accession 0001104659-24-011158
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