NABORS INDUSTRIES LTD shareholders approved Approval of Amendment No. 5 to the Company's Amended and Restated 2016 Stock Plan at the 2026-06-02 meeting.
“D. Approval of Amendment No. 5 to the Company’s Amended and Restated 2016 Stock Plan For 10,292,678 Against 1,032,052 Abstain 15,424 Nonvotes 1,526,185 RESULT: Approved (90.76% For)”
Shareholder Votes
NABORS INDUSTRIES LTD shareholders rejected Advisory Vote on Compensation of Named Executive Officers at the 2026-06-02 meeting.
“C. Advisory Vote on Compensation of Named Executive Officers For 3,823,997 Against 7,497,073 Abstain 19,084 Nonvotes 1,526,185 RESULT: Not Approved (33.72% For)”
Shareholder Votes
NABORS INDUSTRIES LTD shareholders approved Approval and Appointment of PricewaterhouseCoopers LLP as Our Independent Auditor and Authorization for the Audit Committee To Set the Independent Auditor's Remuneration at the 2026-06-02 meeting.
“B. Approval and Appointment of PricewaterhouseCoopers LLP as Our Independent Auditor and Authorization for the Audit Committee To Set the Independent Auditor’s Remuneration For 12,529,135 Against 297,829 Abstain 39,375 RESULT: Approved (97.38% For)”
Shareholder Votes
NABORS INDUSTRIES LTD shareholders approved Election of Directors at the 2026-06-02 meeting.
“A. Election of Directors * Shares For Shares Withheld Nonvotes Result Tanya S. Beder 8,812,944 2,527,210 1,526,185 Approved Anthony R. Chase 9,665,615 1,674,539 1,526,185 Approved James R. Crane 10,797,082 543,072 1,526,185 Approved John P. Kotts 9,721,344 1,618,810 1,526,185 Approved Michael C. Linn 9,542,563 1,797,591 1,526,185 Approved Anthony G. Petrello 10,788,160 551,994 1,526,185 Approved David J. Tudor 10,980,836 359,318 1,526,185 Approved John Yearwood 10,658,523 681,631 1,526,185 Approved *All directors were elected by a majority of shares voted.”
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.
“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.”
Material Agreements
NABORS INDUSTRIES LTD amended Incremental Joinder to the A&R Credit Agreement with BOKF, NA dba Bank of Texas, the issuing banks party thereto and Citibank, N.A., as administrative agent valued at $25,000,000 (effective 2026-04-07).
“On April 7, 2026, Nabors Industries, Inc. (“Nabors Delaware”), a wholly owned subsidiary of Nabors Industries Ltd. (the “Company”), and the Company entered into an Incremental Joinder to the A&R Credit Agreement (the “Joinder”), among themselves, BOKF, NA dba Bank of Texas, as the incremental letters of credit facility participant, the issuing banks party thereto and Citibank, N.A., as administrative agent, joining to and amending the amended and restated credit agreement dated June 17, 2024 (as amended, restated, supplemented or otherwise modified prior to April 7, 2026, the “A&R Credit Agreement”), among Nabors Delaware, the Company, the other guarantors from time to time party thereto, the revolving lenders, the letter of credit facility participants, the issuing banks and other lenders party thereto and Citibank, N.A., as administrative agent.”
Debt Financings
NABORS INDUSTRIES LTD amended credit facility of $25,000,000 with Citibank, N.A., as administrative agent.
“The Joinder provides for the establishment of an increase in the Letters of Credit Maximum Amount (as defined in the A&R Credit Agreement) in an aggregate amount equal to $25,000,000.”
Debt Financings
NABORS INDUSTRIES LTD incurred senior notes of $700 million aggregate principal amount with Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Wells Fargo Securities, LLC, HSBC Securities (USA) Inc., Blaylock Van, LLC and Nomura Securities International, Inc. at 7.625% maturing November 15, 2032.
“Nabors Industries, Inc. (“NII”) entered into a purchase agreement (the “Purchase Agreement”) under which NII agreed to sell $700 million aggregate principal amount of its 7.625% Senior Priority Guaranteed Notes due 2032”
M&A Transactions
NABORS INDUSTRIES LTD completed a disposition involving Covey Holdings, LLC for $600.0 million plus adjustments for net working capital (closed 2025-08-20).
“equity interests in Quail Tools, LLC (“Quail”) were sold by Sellers to Buyer on the Sale Date (the “Sale”). The net consideration paid by Buyer in connection with the Sale was $600.0 million plus adjustments for net working capital. Pursuant to the terms of the Agreement, the consideration consisted of (a) $375.0 million in cash which was paid by Buyer on the Sale”
Miguel Rodriguez was appointed as Chief Financial Officer at NABORS INDUSTRIES LTD.
“it is expected that Miguel Rodriguez, Nabors' Senior Vice President of Finance Operations, will transition into the role of the Company’s Chief Financial Officer, upon Mr. Restrepo’s retirement on September 30, 2025.”
William Restrepo departed as Chief Financial Officer at NABORS INDUSTRIES LTD.
“William Restrepo, the Company’s Chief Financial Officer, will transition from his role and retire as Chief Financial Officer on September 30, 2025.”
M&A Transactions
NABORS INDUSTRIES LTD completed an acquisition involving Parker Drilling Company for up to 4,800,000 Nabors common shares and a cash payment of $562,000 (closed 2025-03-11).
“immediately prior to the Effective Time was converted into the right to receive (without interest) a pro rata share of the merger consideration, which consisted of up to 4,800,000 Nabors common shares, par value $0.05 per share (“ Nabors Common Shares ”) and a cash payment of $562,000. The issuance of Nabors Common Shares in connection with the Merger was”
Earnings Releases
NABORS INDUSTRIES LTD reported financial results for first quarter 2024.
“Nabors Industries Ltd. (“Nabors” or the “Company”) (NYSE: NBR) today reported first quarter 2024 operating revenues of $734 million, compared to operating revenues of $726 million in the fourth quarter of 2023. The net loss attributable to Nabors shareholders for the quarter was $34 million, compared to a net loss of $17 million in the fourth quarter. This equates to a loss of $4.54 per diluted share, compared to a loss per diluted share of $2.70 in the fourth quarter.”
Material Agreements
NABORS INDUSTRIES LTD amended Fourth Amendment to the Receivables Purchase Agreement with Wells Fargo Bank, N.A., Arab Banking Corporation B.S.C., New York Branch, and Nomura Corporate Funding Americas, LLC (effective 2024-04-01).
“On April 1, 2024, Nabors Industries, Inc. a Delaware corporation (“Nabors Delaware”) and Nabors A.R.F., LLC, a bankruptcy remote special purpose entity organized under the laws of Delaware (“NARF,” and together with Nabors Delaware, the “Nabors Entities”), each an indirect subsidiary of Nabors Industries Ltd. (the “Company”), together with Wells Fargo Bank, N.A. (“Wells Fargo”), Arab Banking Corporation B.S.C., New York Branch, and Nomura Corporate Funding Americas, LLC (“Nomura”), entered into the Fourth Amendment to the Receivables Purchase Agreement (the “Fourth Amendment”)”
Earnings Releases
NABORS INDUSTRIES LTD reported the fiscal year ended December 31, 2023 results: revenue $3.0 billion, net income net loss attributable to Nabors shareholders was $11.8 million.
“Full-year 2023 operating revenues were $3.0 billion, compared to $2.7 billion in the prior year. This 13% overall increase was driven by growth in all company segments. Nabors Drilling Solutions and Rig Technologies both expanded by 24%. U.S. Drilling revenue increased by 10%, while International Drilling was 12% higher than in 2022. For the full year 2023, the net loss attributable to Nabors shareholders was $11.8 million, compared to a loss of $350.3 million in 2022.”
Earnings Releases
NABORS INDUSTRIES LTD reported the three months ended December 31, 2023 results: revenue $726 million, net income net loss attributable to Nabors shareholders for the quarter was $17 million, EPS loss of $2.70 per diluted share.
“today reported fourth quarter 2023 operating revenues of $726 million, compared to operating revenues of $734 million in the third quarter. The net loss attributable to Nabors shareholders for the quarter was $17 million, compared to a net loss of $49 million in the third quarter. This equates to a loss of $2.70 per diluted share, compared to a loss per diluted share of $6.26 in the third quarter.”
Material Agreements
NABORS INDUSTRIES LTD entered into Indenture with Wilmington Trust, National Association (effective 2023-11-20).
“The Notes are governed by an indenture, dated as of November 20, 2023 (the “Indenture”), among NII, as issuer, the Guarantors, as guarantors, and Wilmington Trust, National Association, as trustee”
Material Agreements
NABORS INDUSTRIES LTD entered into Purchase Agreement with Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., Academy Securities, Inc. and Nomura Securities International, Inc. valued at $650 million (effective 2023-11-15).
“On November 15, 2023, Nabors Industries, Inc. (“NII”) entered into a purchase agreement (the “Purchase Agreement”) under which NII agreed to sell $650 million aggregate principal amount of its 9.125% Senior Priority Guaranteed Notes due 2030”
Earnings Releases
NABORS INDUSTRIES LTD reported three months ended September 30, 2023 results: revenue $734 million, net income net loss attributable to Nabors shareholders ... was $49 million, EPS loss of $6.26 per diluted share. Guidance lowered.
“Nabors Industries Ltd. (“Nabors” or the “Company”) (NYSE: NBR) today reported third quarter 2023 operating revenues of $734 million, compared to operating revenues of $767 million in the second quarter. The net loss attributable to Nabors shareholders for the quarter was $49 million, compared to net income of $5 million in the second quarter. This equates to a loss of $6.26 per diluted share, compared to a loss per diluted share of $0.31 in the second quarter.”
Earnings Releases
NABORS INDUSTRIES LTD reported second quarter 2023 results: revenue $767 million, net income $5 million, EPS a loss of $0.31 per diluted share.
“Nabors Industries Ltd. (“Nabors” or the “Company”) (NYSE: NBR) today reported second quarter 2023 operating revenues of $767 million, compared to operating revenues of $779 million in the first quarter. The net income attributable to Nabors shareholders for the quarter was $5 million, compared to $49 million in the first quarter. This equates to a loss of $0.31 per diluted share”
Shareholder Votes
NABORS INDUSTRIES LTD shareholders approved Advisory Vote on Frequency of Future Votes to Approve Named Executive Officer Compensation at the 2023-06-06 meeting.
“D. Advisory Vote on Frequency of Future Votes to Approve Named Executive Officer Compensation 1 Year 7,367,592 2 Years 3,113 3 Years 638,812 Abstain 379,249 Nonvotes 731,652 RESULT: 1 Year (91.98%)”
Shareholder Votes
NABORS INDUSTRIES LTD shareholders rejected Advisory Vote on Compensation of Named Executive Officers at the 2023-06-06 meeting.
“C. Advisory Vote on Compensation of Named Executive Officers For 3,324,246 Against 5,049,478 Abstain 15,042 Nonvotes 731,652 RESULT: Not Approved (39.69% For)”
Shareholder Votes
NABORS INDUSTRIES LTD shareholders approved Approval and Appointment of PricewaterhouseCoopers LLP as Our Independent Auditor and Authorization for the Audit Committee To Set the Independent Auditor’s Remuneration at the 2023-06-06 meeting.
“B. Approval and Appointment of PricewaterhouseCoopers LLP as Our Independent Auditor and Authorization for the Audit Committee To Set the Independent Auditor’s Remuneration For 8,903,838 Against 209,197 Abstain 7,383 RESULT: Approved (97.70% For)”
Shareholder Votes
NABORS INDUSTRIES LTD shareholders approved Election of Directors at the 2023-06-06 meeting.
“A. Election of Directors * Shares For Shares Withheld Nonvotes Result Tanya S. Beder 6,786,465 1,602,301 731,652 Elected Anthony R. Chase 7,008,049 1,380,717 731,652 Elected James R. Crane 7,579,661 809,105 731,652 Elected John P. Kotts 7,149,781 1,238,985 731,652 Elected Michael C. Linn 6,389,615 1,999,151 731,652 Elected Anthony G. Petrello 7,508,899 879,867 731,652 Elected John Yearwood 7,548,717 840,049 731,652 Elected *All directors were elected by a majority of shares voted.”
Earnings Releases
NABORS INDUSTRIES LTD reported first quarter 2023 results: revenue $779 million, net income $49 million, EPS $4.11 per diluted share. Guidance reaffirmed.
“Nabors Industries Ltd. (“Nabors” or the “Company”) (NYSE: NBR) today reported first quarter 2023 operating revenues of $779 million, an increase of 2.5%, compared to operating revenues of $760 million in the fourth quarter of 2022. The net income attributable to Nabors shareholders for the quarter was $49 million, or $4.11 per diluted share.”
Debt Financings
NABORS INDUSTRIES LTD incurred convertible notes of $250,000,000 aggregate principal amount of 1.750% Exchangeable Senior Notes due 2029 (including $225,000,000 Firm Notes with Goldman Sachs & Co. LLC, Wells Fargo Securities, LLC, Morgan Stanley & Co. LLC, Citigroup Global Markets, Inc., HSBC Securities (USA) Inc., Academy Securities Inc. and Nomura Securities International, Inc. at 1.750% per annum maturing June 15, 2029.
“As previously disclosed, on February 9, 2023, Nabors Industries, Inc. (“NII”), a wholly owned subsidiary of Nabors Industries Ltd. (“NIL”), and NIL entered into a purchase agreement (the “Purchase Agreement”) under which NII agreed to sell $225,000,000 aggregate principal amount of its 1.750% Exchangeable Senior Notes due June 15, 2029 (the “Firm Notes”) to Goldman Sachs & Co. LLC, Wells Fargo Securities, LLC, Morgan Stanley & Co. LLC, Citigroup Global Markets, Inc., HSBC Securities (USA) Inc., Academy Securities Inc. and Nomura Securities International, Inc. (collectively, the “Initial Purchasers”). In addition, NII granted certain of the Initial Purchasers a 30-day option to purchase up to an additional $25,000,000 in aggregate principal amount of the 1.750% Exchangeable Senior Notes due June 15, 2029 (the “Option Notes” and, together with the Firm Notes, the “Exchangeable Notes”) on the same terms and conditions. This option was exercised in full on February 10, 2023.”
Material Agreements
NABORS INDUSTRIES LTD entered into Indenture with Wilmington Trust, National Association, as trustee (effective 2023-02-14).
“The Exchangeable Notes were issued pursuant to an indenture, dated as of February 14, 2023 (the “Indenture”), among NII, as issuer, NIL, as guarantor and Wilmington Trust, National Association, as trustee.”
Material Agreements
NABORS INDUSTRIES LTD entered into Purchase Agreement with Goldman Sachs & Co. LLC, Wells Fargo Securities, LLC, Morgan Stanley & Co. LLC, Citigroup Global Markets, Inc., HSBC Securities (USA) Inc., Academy Securities Inc. and Nomura Securities International, Inc. (collectively, the "Initial Purchasers") valued at $225,000,000 aggregate principal amount (effective 2023-02-09).
“NII agreed to sell $225,000,000 aggregate principal amount of its 1.750% Exchangeable Senior Notes due June 15, 2029 (the “Firm Notes”) to Goldman Sachs & Co. LLC, Wells Fargo Securities, LLC, Morgan Stanley & Co. LLC, Citigroup Global Markets, Inc., HSBC Securities (USA) Inc., Academy Securities Inc. and Nomura Securities International, Inc. (collectively, the “Initial Purchasers”).”
Material Agreements
NABORS INDUSTRIES LTD entered into Purchase Agreement with the initial purchasers named in the Purchase Agreement valued at $225,000,000 aggregate principal amount (effective 2023-02-09).
“On February 9, 2023, Nabors Industries, Inc. (“NII”), a wholly owned subsidiary of Nabors Industries Ltd. (“NIL”), and NIL entered into a purchase agreement (the “Purchase Agreement”) under which NII agreed to sell $225,000,000 aggregate principal amount of its 1.750% Exchangeable Senior Notes due June 15, 2029 (the “Exchangeable Notes”) to the initial purchasers named in the Purchase Agreement (the “Initial Purchasers”).”
Earnings Releases
NABORS INDUSTRIES LTD reported the three months ended December 31, 2022 results: revenue $760 million, net income $69 million, EPS $7.87 per share.
“Nabors Industries Ltd. (“Nabors” or the “Company”) (NYSE: NBR) today reported fourth quarter 2022 operating revenues of $760 million, an increase of approximately 10%, compared to operating revenues of $694 million in the third quarter of 2022. The net loss attributable to Nabors shareholders for the quarter was $69 million, or $7.87 per share.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.