---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-071774"
form_type: "8-K"
ticker: "NBR"
cik: "0001163739"
company_name: "NABORS INDUSTRIES LTD"
filed_at: "2025-07-29T23:59:59+00:00"
generated_at: "2026-05-17T23:32:42.554507+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Nabors Q2 2025: revenue $833M, adj. EBITDA $248M; SANAD awarded 5 newbuild rigs

## Summary
- Q2 rev $833M (+13% QoQ), net loss $31M (diluted EPS -$2.71) vs Q1 net income $33M (EPS $2.18, incl. $113M one-time gain).
- Adj. EBITDA $248M (Q1 $206M); International Drilling $117.7M, U.S. Drilling $101.8M, Drilling Solutions $76.5M.
- SANAD JV with Saudi Aramco awarded 4th tranche of 5 newbuild rigs (50-rig program); first rigs start 2026.
- Parker Wellbore integration on track; targeted $40M cost synergies for 2025; Quail Tools outperformed expectations.
- Q3 outlook: Lower 48 rig count 57-59, daily margin ~$13,300; int'l rig count 87-88, margin ~$17,900; capex $200-210M.

## SEC filing metadata
- accession: 0001104659-25-071774
- form_type: 8-K
- ticker: NBR
- cik: 0001163739
- company_name: NABORS INDUSTRIES LTD
- filed_at: 2025-07-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163739/000110465925071774/0001104659-25-071774-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163739/000110465925071774/tm2521960d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-071774
- JSON: https://secwatch.observer/filing/0001104659-25-071774.json
- Plain text: https://secwatch.observer/filing/0001104659-25-071774.txt

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