Nabors completes Parker Drilling acquisition; provides audited 2024 financials

NABORS INDUSTRIES LTD

Acquired Parker Drilling on March 11, 2025 for 4.8M shares (subject to collar) plus debt assumption and up to $34M expenses.
Parker 2024 revenue $598M, net income $27.9M; 2023 revenue $587M, net income $115.8M (including $67.9M deferred tax benefit).
Parker's total assets $711.8M, equity $381.6M as of Dec 31, 2024; operates rental tools and drilling services globally.
Filing includes unaudited pro forma combined financials for Nabors for year ended Dec 31, 2024.

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