---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-011158"
form_type: "8-K"
ticker: "NBR"
cik: "0001163739"
company_name: "NABORS INDUSTRIES LTD"
filed_at: "2024-02-06T23:59:59+00:00"
generated_at: "2026-06-06T07:45:52.264860+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Q4 net loss $17M ($2.70/dil share) vs loss of $49M ($6.26) in Q3.
- Q4 adjusted EBITDA $230M, up from $210M Q3; operating revenues $726M.
- Full-year 2023 op rev $3.0B (+13% YoY); adj EBITDA $915M (+29% YoY).
- Completed $650M senior notes due 2030; retired 2024 and 2025 maturities.
- Q1 2024 guidance: Lower 48 avg rig count 73-75, daily margin ~$15,300; Intl rig count +2.

## SEC filing metadata
- accession: 0001104659-24-011158
- form_type: 8-K
- ticker: NBR
- cik: 0001163739
- company_name: NABORS INDUSTRIES LTD
- filed_at: 2024-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1163739/000110465924011158/0001104659-24-011158-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163739/000110465924011158/tm244841d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-011158
- JSON: https://secwatch.observer/filing/0001104659-24-011158.json
- Plain text: https://secwatch.observer/filing/0001104659-24-011158.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163739/000110465924011158/0001104659-24-011158-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163739/000110465924011158/0001104659-24-011158-index.htm

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