Welcome to our dedicated page for Nabors Indsustries news (Ticker: NBR), a resource for investors and traders seeking the latest updates and insights on Nabors Indsustries stock.
Nabors Industries Ltd. (NYSE: NBR) is a global leader in advanced drilling technology and energy sector innovation. This page serves as the definitive source for official company announcements, financial disclosures, and operational developments impacting the oil & gas services market.
Access real-time updates including earnings reports, strategic partnerships, and technological advancements in automation and sustainable drilling practices. Our curated news collection helps stakeholders track material events affecting NBR's market position and operational capabilities across 20+ countries.
Key updates cover rig fleet expansions, international contract awards, and innovations in data-driven drilling solutions. Bookmark this page for direct access to SEC filings, investor presentations, and analysis of Nabors' industry-leading safety initiatives and ESG progress.
Monitor critical developments in land-based and offshore operations through verified sources. Return regularly for comprehensive coverage of Nabors Industries' role in shaping efficient energy extraction technologies worldwide.
Halliburton (HAL) and Nabors Industries (NBR) have achieved a significant milestone in drilling automation in Oman, implementing the first fully automated surface and subsurface execution of rotary and slide drilling operations. The collaboration integrates Halliburton's LOGIX™ automation and remote operations solutions with Nabors SmartROS® rig operating system.
The integrated solution delivered land-based, closed-loop drilling capabilities that enhanced operational efficiency, consistency, and real-time decision-making. The project demonstrated improved performance metrics, including:
- Wells delivered ahead of schedule
- Higher average rate of penetration
- Reduced non-productive time
This achievement earned both companies the 2025 Digital Enabler of the Year Award and marks a significant advancement in automation technology in the Middle East region.
Nabors Industries (NYSE: NBR) has scheduled its first quarter 2025 earnings conference call for April 30, 2025, at 11:00 a.m. Central Time. The company will release its Q1 2025 earnings results after market close on April 29, 2025.
Chairman, President and CEO Anthony G. Petrello and CFO William Restrepo will lead the discussion of operating results for the quarter ended March 31, 2025. The call will be accessible via multiple channels, including US and Canada toll-free numbers, and will be available for replay until May 7, 2025.
Investors can also access a live audio webcast of the conference call through the Investor Relations section of Nabors' website, where the earnings release and any supplemental presentations will be available for download.
Nabors Industries (NYSE: NBR) announced that CFO William Restrepo will retire effective September 30, 2025, after serving 11 years in the position. He will continue as a Strategic Advisor to CEO Anthony G. Petrello.
During his tenure, Restrepo played a important role in:
- Refocusing the company in the drilling space
- Expanding international presence
- Supporting technology leadership
- Growing Nabors Drilling Solutions
- Managing key acquisitions (Tesco and Parker Wellbore)
- Reducing company debt by 50%
- Navigating industry downturns in 2015 and 2020
Miguel Rodriguez, current Senior VP of Operations Finance, will transition into the CFO role. Rodriguez joined Nabors in 2019 with over 25 years of finance experience at SLB, where he previously led the financial function for SLB's Drilling Group.
Nabors Industries (NYSE: NBR) has completed its acquisition of Parker Wellbore, strengthening its position in drilling and value-added services. The acquisition includes Quail Tools, a leading provider of high-performance downhole tubulars in U.S. markets, and Parker's significant presence in tubular running services across multiple regions.
The company projects Parker's business to generate approximately $150 million in annualized 2025 adjusted EBITDA before expense synergies, which are estimated at $40 million by year-end 2025. Post-closing capital expenses for 2025 are estimated at $70 million.
The strategic benefits include immediate free cash flow accretion, enhanced scale, improved leverage metrics, and expansion of Nabors' Drilling Solutions business capabilities and market reach. The company has published an updated investor presentation detailing the acquisition's impact and providing additional financial information about its Saudi Arabia drilling business, including the SANAD joint venture with Saudi Aramco.
Nabors Industries (NYSE: NBR) reported Q4 2024 operating revenues of $730 million, slightly down from $732 million in Q3. The company posted a net loss of $54 million ($6.67 per diluted share), improving from a $56 million loss in Q3. Q4 adjusted EBITDA was $221 million, compared to $222 million in Q3.
Key developments include shareholders' approval of the Parker Wellbore merger, expected to close in Q1 2025, and new rig awards in Argentina and Colombia. SANAD deployed its ninth newbuild rig with two more expected in Q1 2025. The U.S. Drilling segment's Q4 adjusted EBITDA was $105.8 million, with Lower 48 average rig count at 66. International Drilling adjusted EBITDA was $112.0 million with an average rig count of 85.
For 2025, Nabors projects consolidated adjusted free cash flow at breakeven, with SANAD consuming approximately $150 million while remaining operations should generate around $150 million.
Nabors Industries (NYSE: NBR) has issued a statement regarding the business combination agreement between Nabors Energy Transition Corp. II (NASDAQ: NETD) and e2Companies . e2 operates as an AI-based Virtual Utility®, offering comprehensive power solutions including isolated grid power, continuous power conditioning, and multi-source local power management.
The company's solutions feature behind-the-meter functionality without requiring grid connection agreements, targeting mission-critical industries like data centers, manufacturing, oil and gas, and healthcare. Key capabilities include instantaneous load shifting, AI-based cost optimization, and on-demand grid power supply.
Nabors began collaborating with e2 last year to implement integrated power solutions in drilling operations. The business combination aims to strengthen this collaboration, focusing on oilfield electrification and expanding into new markets, leveraging Nabors' global expertise, industry relationships, and technology infrastructure.
Nabors Industries (NYSE: NBR) has scheduled its fourth quarter 2024 earnings conference call for February 13, 2025, at 11:00 a.m. Central Time. Chairman, President and CEO Anthony G. Petrello and CFO William Restrepo will lead the discussion of operating results for the quarter ended December 31, 2024.
The company will release its earnings after market close on February 12, 2025. The conference call will be accessible via multiple channels, including US and Canada toll-free numbers, and will be available for replay until February 20, 2025. A live audio webcast will be available on the company's website at www.nabors.com under the Investor Relations section.
Nabors Industries (NYSE: NBR) reported third quarter 2024 operating revenues of $732 million, with a net loss of $56 million ($6.86 per diluted share). Adjusted EBITDA was $222 million. Key highlights include:
1. Agreement to acquire Parker Wellbore, expected to generate $180 million EBITDA this year with $35 million in synergies.
2. International Drilling segment showed growth with daily adjusted gross margin exceeding $17,000.
3. Lower 48 drilling activity remained stable with average rig count at 68.
4. Adjusted free cash flow was $18 million, with capital expenditures totaling $118 million.
5. Full-year 2024 capital expenditures forecast at $600 million, including $230 million for SANAD newbuilds.
6. Full-year adjusted free cash flow expected between $100 and $130 million.
Nabors Industries (NYSE: NBR) has announced its upcoming 3rd Quarter 2024 Earnings Conference Call. The event is scheduled for October 23, 2024, at 11:00 a.m. Central Time. Chairman, President, and CEO Anthony G. Petrello, along with CFO William Restrepo, will lead the discussion on the company's operating results for the quarter ended September 30, 2024.
Nabors will release its earnings after market close on October 22, 2024. The conference call will be accessible via various dial-in numbers, including US and Canada toll-free options, as well as an international line. A live audio webcast will also be available on the company's website. The call recording will be accessible for replay until October 30, 2024.
Nabors Industries (NYSE: NBR) has announced a definitive agreement to acquire Parker Wellbore, a global drilling services provider. The acquisition involves exchanging 4.8 million Nabors common shares for all of Parker's outstanding common shares, subject to a share price collar. Parker's portfolio includes Quail Tools, the leading U.S. provider of high-performance downhole tubulars, international tubular rentals and repair services, casing and tubular running services, and a fleet of 17 drilling rigs.
The acquisition is expected to strengthen Nabors' Drilling Solutions business, expand its geographical footprint, and be immediately accretive to free cash flow. Nabors anticipates realizing up to $35 million in annualized expense synergies within the first 12 months post-closing. The combined company's adjusted EBITDA for the first half of 2024 totaled $527 million, with Parker expecting to generate $180 million EBITDA for the full year 2024.
The transaction is projected to close in early 2025, subject to customary conditions and approvals.
