---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-087564"
form_type: "8-K"
ticker: "NBR"
cik: "0001163739"
company_name: "NABORS INDUSTRIES LTD"
filed_at: "2026-07-28T20:31:48+00:00"
generated_at: "2026-07-28T20:33:32.237684+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Nabors Q2 2026 revenue $815M, net loss $22M; raises Lower 48 rig count outlook

## Summary
- Operating revenues $814.8M (+4% QoQ); net loss $22M; adjusted EBITDA $221.7M (Q1: $204.8M).
- Lower 48 avg rigs 67.8 (+2.5 QoQ); International avg 93.4 (+0.8 QoQ); total 171.2.
- SANAD deployed 16th newbuild rig; three more expected in 2026. Lower 48 added 5 rigs in Q2, working count now 73.
- Full-year 2026 adjusted EBITDA guidance raised to $920-930M; adjusted free cash flow $20-30M; CapEx reduced to $710-730M.
- Q3 2026 guidance: Lower 48 avg 73 rigs, daily margin ~$13,800; International avg 94-96 rigs, daily margin $18,100-$18,400.

## SEC filing metadata
- accession: 0001104659-26-087564
- form_type: 8-K
- ticker: NBR
- cik: 0001163739
- company_name: NABORS INDUSTRIES LTD
- filed_at: 2026-07-28T20:31:48+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163739/000110465926087564/0001104659-26-087564-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163739/000110465926087564/tm2621313d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-087564
- JSON: https://secwatch.observer/filing/0001104659-26-087564.json
- Plain text: https://secwatch.observer/filing/0001104659-26-087564.txt

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