---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-012383"
form_type: "8-K"
ticker: "NBR"
cik: "0001163739"
company_name: "NABORS INDUSTRIES LTD"
filed_at: "2025-02-13T23:59:59+00:00"
generated_at: "2026-05-26T22:05:53.807284+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Nabors reports Q4 loss of $6.67/share; revenue $730M; Parker merger on track

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-012383
- form_type: 8-K
- ticker: NBR
- cik: 0001163739
- company_name: NABORS INDUSTRIES LTD
- filed_at: 2025-02-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163739/000110465925012383/0001104659-25-012383-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163739/000110465925012383/tm256184d1_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-012383
- JSON: https://secwatch.observer/filing/0001104659-25-012383.json
- Plain text: https://secwatch.observer/filing/0001104659-25-012383.txt

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