secwatch.observer — SEC 8-K summary
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Issuer:     NABORS INDUSTRIES LTD (NBR)
CIK:        0001163739
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001104659-24-051380
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163739/000110465924051380/0001104659-24-051380-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163739/000110465924051380/tm2412456d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-051380

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