---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-013392"
form_type: "8-K"
ticker: "NBR"
cik: "0001163739"
company_name: "NABORS INDUSTRIES LTD"
filed_at: "2026-02-11T23:59:59+00:00"
generated_at: "2026-05-16T03:13:41.667788+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Nabors Q4 2025 revenue $798M; net income $10M; reduces net debt by $554M since YE 2024

## Summary
- Operating revenues $798M vs $818M Q3; net income $10M ($0.17 diluted EPS) vs $274M in Q3 (incl. $314M Quail gain).
- Adjusted EBITDA $222M vs $236M Q3; adjusted free cash flow $132M vs $6M Q3.
- Completed $700M notes due 2032, redeemed $546M notes due 2027; net debt reduced ~$554M since end of 2024.
- Q1 2026 guidance: Lower 48 avg. rig count 64-65; Intl. avg. rig count 91-92; capex $170-180M.
- SANAD joint venture deployed one newbuild rig in Saudi Arabia (14 total); five more newbuilds planned in 2026.

## SEC filing metadata
- accession: 0001104659-26-013392
- form_type: 8-K
- ticker: NBR
- cik: 0001163739
- company_name: NABORS INDUSTRIES LTD
- filed_at: 2026-02-11T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163739/000110465926013392/0001104659-26-013392-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163739/000110465926013392/tm265643d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-013392
- JSON: https://secwatch.observer/filing/0001104659-26-013392.json
- Plain text: https://secwatch.observer/filing/0001104659-26-013392.txt

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