Nabors Q3 net loss $56M, announces acquisition of Parker Wellbore for stock + $100M debt

NABORS INDUSTRIES LTD

Q3 revenues $732M, net loss $56M ($6.86/diluted share), adjusted EBITDA $222M.
Acquires Parker Wellbore for 4.8M Nabors shares (collar) + ~$100M net debt; Parker expects $180M EBITDA in 2024.
Nabors targets $35M annual synergies within 12 months of closing.
International Drilling adj. EBITDA $116M, daily margin $17,085; U.S. Drilling adj. EBITDA $108.7M, daily margin $15,051.
FY24 capex forecast $600M; adjusted free cash flow guidance $100-130M.

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