Recent Updates — NBR

Nabors Industries reported third-quarter operating revenues of $872.2 million, a 7% sequential increase, with adjusted EBITDA rising nearly 11% to $246 million. The company posted a net loss attributable to shareholders of $11 million and generated $75 million in adjusted free cash flow, driven by record international drilling margins and lower capital spending. Management raised its full-year 2026 adjusted EBITDA guidance to approximately $930 million and increased the full-year adjusted free cash flow outlook to $100–$110 million. Additionally, Nabors redeemed $100 million of notes with cash on hand to reduce gross debt. The company is a leading provider of advanced drilling technology and services for the global energy industry.