secwatch.observer — SEC 8-K summary
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Issuer:     NABORS INDUSTRIES LTD (NBR)
CIK:        0001163739
Form:       8-K
Filed at:   2025-07-29T23:59:59+00:00
Accession:  0001104659-25-071774
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163739/000110465925071774/0001104659-25-071774-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163739/000110465925071774/tm2521960d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-071774

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