secwatch.observer — SEC 8-K summary
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Issuer:     NABORS INDUSTRIES LTD (NBR)
CIK:        0001163739
Form:       8-K
Filed at:   2026-02-11T23:59:59+00:00
Accession:  0001104659-26-013392
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163739/000110465926013392/0001104659-26-013392-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163739/000110465926013392/tm265643d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-013392

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