---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-051380"
form_type: "8-K"
ticker: "NBR"
cik: "0001163739"
company_name: "NABORS INDUSTRIES LTD"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T07:31:46.627692+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Nabors Q1 revenue $734M; net loss $34M ($4.54/sh); international awards boost outlook

## Summary
- Operating revenue $734M (Q4: $726M); net loss attributable $34M ($4.54/diluted) vs $17M ($2.70) Q4.
- Adjusted EBITDA $221M (Q4: $230M); U.S. Drilling $120.4M, International $102.5M, Drilling Solutions $31.8M, Rig Tech $6.8M.
- Awarded three rigs in Argentina (multiyear); commercial qualification for three rigs in Middle East; Canrig order for six land packages.
- Q2 guidance: Lower 48 avg rig ~70, daily margin ~$15,500; International rig count up 2-3, margin ~$15,700.
- Capex ~$190M in Q2, ~$590M full year including newbuilds; retired 2024/2025 notes, next maturity 2026.

## SEC filing metadata
- accession: 0001104659-24-051380
- form_type: 8-K
- ticker: NBR
- cik: 0001163739
- company_name: NABORS INDUSTRIES LTD
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163739/000110465924051380/0001104659-24-051380-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163739/000110465924051380/tm2412456d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-051380
- JSON: https://secwatch.observer/filing/0001104659-24-051380.json
- Plain text: https://secwatch.observer/filing/0001104659-24-051380.txt

## Key facts
- Earnings Releases
  NABORS INDUSTRIES LTD reported financial results for first quarter 2024.
  - Period: first quarter 2024
  - Result: reported results
  source text: Nabors Industries Ltd. (“Nabors” or the “Company”) (NYSE: NBR) today reported first quarter 2024 operating revenues of $734 million, compared to operating revenues of $726 million in the fourth quarter of 2023. The net loss attributable to Nabors shareholders for the quarter was $34 million, compared to a net loss of $17 million in the fourth quarter. This equates to a loss of $4.54 per diluted share, compared to a loss per diluted share of $2.70 in the fourth quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163739/000110465924051380/0001104659-24-051380-index.htm
- Earnings Releases
  NABORS INDUSTRIES LTD reported financial results for first quarter 2024.
  - Period: first quarter 2024
  - Result: reported results
  source text: First quarter adjusted EBITDA was $221 million, compared to $230 million in the previous quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163739/000110465924051380/0001104659-24-051380-index.htm

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