secwatch.observer — SEC 8-K summary
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Issuer:     NABORS INDUSTRIES LTD (NBR)
CIK:        0001163739
Form:       8-K
Filed at:   2025-02-13T23:59:59+00:00
Accession:  0001104659-25-012383
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163739/000110465925012383/0001104659-25-012383-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163739/000110465925012383/tm256184d1_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-012383

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer