secwatch.observer — SEC 8-K summary
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Issuer:     NABORS INDUSTRIES LTD (NBR)
CIK:        0001163739
Form:       8-K
Filed at:   2026-04-28T23:59:59+00:00
Accession:  0001104659-26-050401
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163739/000110465926050401/0001104659-26-050401-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163739/000110465926050401/tm2612942d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-050401

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