secwatch.observer — SEC 8-K summary
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Issuer:     NABORS INDUSTRIES LTD (NBR)
CIK:        0001163739
Form:       8-K
Filed at:   2026-07-28T20:31:48+00:00
Accession:  0001104659-26-087564
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163739/000110465926087564/0001104659-26-087564-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163739/000110465926087564/tm2621313d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-087564

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