---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-103209"
form_type: "8-K"
ticker: "NBR"
cik: "0001163739"
company_name: "NABORS INDUSTRIES LTD"
filed_at: "2025-10-28T23:59:59+00:00"
generated_at: "2026-05-17T01:52:50.636326+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Nabors Q3 net income $274M from Quail sale; debt reduced $330M, interest savings ~$45M/year

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-103209
- form_type: 8-K
- ticker: NBR
- cik: 0001163739
- company_name: NABORS INDUSTRIES LTD
- filed_at: 2025-10-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163739/000110465925103209/0001104659-25-103209-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163739/000110465925103209/tm2529463d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-103209
- JSON: https://secwatch.observer/filing/0001104659-25-103209.json
- Plain text: https://secwatch.observer/filing/0001104659-25-103209.txt

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