earnings
confidence high
sentiment negative
materiality 0.80
Nabors reports Q4 loss of $6.67/share; revenue $730M; Parker merger on track
NABORS INDUSTRIES LTD
2024-FY EPS reported
-$22.37
revenue$2,930,126,000
- Q4 net loss attributable to Nabors shareholders $54M ($6.67 diluted EPS); adjusted EBITDA $221M; revenue $730M.
- Parker Wellbore merger approved by both sets of shareholders; expected close in Q1 2025 pending international regulatory approvals; expected synergies $35M.
- Q1 2025 guidance: Lower 48 avg rigs ~61; daily margin ~$14,800; International rigs 85-86; margin ~$17,000; Drilling Solutions EBITDA ~$33M.
- Full-year 2025 capex $710-$720M; $360M for SANAD newbuilds; adjusted FCF approximately breakeven; SANAD consumes ~$150M.