Nabors Q2 net loss narrows to $32M; revenue $735M; international rig count 84

NABORS INDUSTRIES LTD

2024-Q2 EPS reported -$8.83 revenue$1,468,502,000

Net loss of $32M ($4.29 diluted EPS) vs $34M loss ($4.54 EPS) in Q1.
Adjusted EBITDA $218M, down from $221M Q1; Lower 48 avg rig count 69 (vs 72 Q1).
International drilling avg rig count 84 (up 3 Q/Q); 19 rig deployments scheduled over 18 months.
Placed $550M notes due 2031 to retire 2026 notes; next maturity mid-2027.
Q3 guidance: Lower 48 avg rig ~70, daily margin $15,100-$15,200; full-year FCF target $100-$200M.

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