earnings
confidence high
sentiment positive
materiality 0.80
Nabors Q3 net income $274M from Quail sale; debt reduced $330M, interest savings ~$45M/year
NABORS INDUSTRIES LTD
2025-Q3 EPS reported
$17.54
revenue$2,387,164,000
- Net income $274M ($16.85 EPS) vs Q2 loss $31M; includes $314M one-time gain on Quail Tools sale.
- Sold Quail Tools to Superior Energy for $625M; repaid revolver & redeemed $150M 2027 notes; net debt reduced.
- Adjusted EBITDA $236M vs $248M Q2; International drilling EBITDA rose to $127.6M on rig deployments.
- Q4 guidance: Lower 48 rigs 57-59, margin ~$13k; International margin ~$18,100-18,200; capex $180-190M.
- CEO expects gross debt >20% below June 30 level; annual interest savings ~$45M boost to adjusted FCF.