Nabors Q1 net loss $15M on $784M revenue; Lower 48 rig count rises; debt cut to $2.1B

NABORS INDUSTRIES LTD

2026-Q1 EPS reported -$1.54 revenue$783,548,000

Net loss of $15M (vs Q4 net income $10M) on operating revenues of $784M, up from $736M YoY.
Adjusted EBITDA $205M; Lower 48 avg rigs 65.3 (+9% QoQ); International avg 92.6 (+9% YoY).
Total debt reduced $386M since YE2024 to $2.1B; redeemed 2028 notes; next maturity $250M in 2029.
Q2 2026 guidance: Lower 48 rigs 67-68, International 93-95; adjusted FCF ~$10M.
SANAD deployed 15th newbuild rig in Saudi Arabia with 4 more scheduled in 2026; capex guided $730-$760M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NABORS INDUSTRIES LTD reported three months ended March 31, 2026 results: revenue $784 million, net income Net loss attributable to Nabors’ shareholders for the quarter was $15 million. Guidance reaffirmed.

Period: three months ended March 31, 2026
Revenue: $784 million
Net income: Net loss attributable to Nabors’ shareholders for the quarter was $15 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Nabors Industries Ltd. (“Nabors” or the “Company”) (NYSE: NBR) today reported first quarter 2026 operating revenues of $784 million. Net loss attributable to Nabors’ shareholders for the quarter was $15 million, compared to net income of $10 million in the fourth quarter.

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Source: SEC EDGAR

accession 0001104659-26-050401

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