---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-050401"
form_type: "8-K"
ticker: "NBR"
cik: "0001163739"
company_name: "NABORS INDUSTRIES LTD"
filed_at: "2026-04-28T23:59:59+00:00"
generated_at: "2026-05-15T02:43:58.503821+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-050401
- form_type: 8-K
- ticker: NBR
- cik: 0001163739
- company_name: NABORS INDUSTRIES LTD
- filed_at: 2026-04-28T23:59:59+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/1163739/000110465926050401/0001104659-26-050401-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163739/000110465926050401/tm2612942d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-050401
- JSON: https://secwatch.observer/filing/0001104659-26-050401.json
- Plain text: https://secwatch.observer/filing/0001104659-26-050401.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163739/000110465926050401/0001104659-26-050401-index.htm

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