Nabors Industries Ltd (NBR) stock
NBRNYSEDrilling Oil & Gas WellsFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 31, 2026Score 12/3055% below fair value
$90.78+2.20 (+2.48%)
Close on Oct 30, 2026Market cap $1.45BP/E 6.7Yield –
Earnings
Nabors Industries's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.
Next report
Feb 10, 2027
Q4 FY2026 · estimated, after the close
Revenue, Q3 FY2026
$872.00M
+6.6% on a year earlier
EPS, Q3 FY2026
-$1.24
$16.85 a year earlier
Latest guidance
Raised
Oct 27, 2026 · 12 items
Quarterly results
Revenue and earnings per share from each of Nabors Industries's earnings releases, newest first
| Quarter | Reported | Revenue | YoY | EPS | Source |
|---|---|---|---|---|---|
| Q4 FY2026ended Dec 31, 2026 | Feb 10, 2027Expected | – | – | – | – |
| Q3 FY2026ended Sep 30, 2026 | Oct 27, 2026after the close | $872.00M | +6.6% | -$1.24 | Release |
| Q2 FY2026ended Jun 30, 2026 | Jul 28, 2026after the close | – | – | – | Release |
| Q1 FY2026ended Mar 31, 2026 | Apr 28, 2026after the close | – | – | – | Release |
| Q4 FY2025ended Dec 31, 2025 | Feb 11, 2026after the close | $798.00M | +9.3% | $0.17 | Release |
| Q3 FY2025ended Sep 30, 2025 | Oct 28, 2025after the close | $818.00M | +11.8% | $16.85 | Release |
| Q2 FY2025ended Jun 30, 2025 | Jul 29, 2025after the close | $833.00M | +13.3% | -$2.71 | Release |
| Q1 FY2025ended Mar 31, 2025 | Apr 29, 2025after the close | $736.00M | +0.3% | $2.18 | Release |
| Q4 FY2024ended Dec 31, 2024 | Feb 13, 2025after the close | $730.00M | +0.6% | -$6.67 | Release |
| Q3 FY2024ended Sep 30, 2024 | Oct 22, 2024after the close | $731.81M | -0.3% | -$6.86 | Release |
| Q2 FY2024ended Jun 30, 2024 | Jul 17, 2024before the open | $735.00M | -4.2% | – | Release |
| Q1 FY2024ended Mar 31, 2024 | Apr 25, 2024after the close | $734.00M | -5.8% | -$4.54 | Release |
| Q4 FY2023ended Dec 31, 2023 | Feb 6, 2024after the close | $726.00M | -4.5% | -$2.70 | Release |
| Q3 FY2023ended Sep 30, 2023 | Oct 26, 2023before the open | $734.00M | +5.8% | -$6.26 | Release |
| Q2 FY2023ended Jun 30, 2023 | Jul 25, 2023after the close | $767.00M | +21.6% | -$0.31 | Release |
| Q1 FY2023ended Mar 31, 2023 | Apr 25, 2023after the close | $779.00M | +36.9% | $4.11 | Release |
| Q4 FY2022ended Dec 31, 2022 | Feb 7, 2023after the close | $760.00M | +39.7% | -$7.87 | Release |
| Q3 FY2022ended Sep 30, 2022 | Oct 25, 2022after the close | $694.00M | +32.4% | -$1.80 | Release |
| Q2 FY2022ended Jun 30, 2022 | Aug 3, 2022after the close | $631.00M | – | -$9.41 | Release |
| Q1 FY2022ended Mar 31, 2022 | Apr 27, 2022after the close | $569.00M | – | -$22.51 | Release |
| Q4 FY2021ended Dec 31, 2021 | Feb 8, 2022after the close | $544.00M | – | -$14.60 | Release |
| Q3 FY2021ended Sep 30, 2021 | Oct 27, 2021before the open | $524.00M | – | -$15.79 | Release |
| Q2 FY2021ended Jun 30, 2021 | Jul 28, 2021after the close | – | – | – | Filing |
| Q1 FY2021ended Mar 31, 2021 | Apr 28, 2021after the close | – | – | – | Filing |
| Q4 FY2020ended Dec 31, 2020 | Feb 23, 2021after the close | – | – | – | Filing |
| Q3 FY2020ended Sep 30, 2020 | Nov 3, 2020after the close | – | – | – | Filing |
Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.
Current guidance
Nabors Industries's latest outlook for periods it has not reported yet, compared with what it said before
| Metric | Period | Guidance | Before | Change | Given |
|---|---|---|---|---|---|
| Lower 48 daily adjusted gross marginnon-GAAP | Q4 FY2026 | $14.50K – $14.70K | – | New | Oct 27, 2026 |
| Alaska and Gulf of America combined adjusted EBITDAnon-GAAP | Q4 FY2026 | $12.00M | – | New | Oct 27, 2026 |
| Adjusted free cash flownon-GAAP | Q4 FY2026 | $60.00M – $70.00M | – | New | Oct 27, 2026 |
| Capital expenditures | Q4 FY2026 | $250.00M – $260.00M | – | New | Oct 27, 2026 |
| Average rig count | Q4 FY2026 | 92 – 93 | – | Raised | Oct 27, 2026 |
| Lower 48 average rig count | Q4 FY2026 | 75 | – | New | Oct 27, 2026 |
| Lower 48 daily adjusted gross marginnon-GAAP | FY2026 | $13.00K – $13.40K | – | New | Feb 11, 2026 |
| adjusted EBITDAnon-GAAP | FY2026 | $930.00M | $55.00M – $60.00M | Raised | Oct 27, 2026 |
| consolidated adjusted free cash flownon-GAAP | FY2026 | $100.00M – $110.00M | $80.00M – $90.00M | Raised | Oct 27, 2026 |
| consolidated capital spending | FY2026 | $710.00M – $720.00M | $730.00M – $760.00M | Lowered | Oct 27, 2026 |
| full-year capital spending | FY2026 | $730.00M – $760.00M | – | New | Apr 28, 2026 |
| Average rig count | FY2026 | 96 – 98 | – | Raised | Feb 11, 2026 |
| Lower 48 average rig count | FY2026 | 61 – 64 | – | New | Feb 11, 2026 |
Guidance history
Every forecast Nabors Industries put in an earnings release, newest first
| Given | Metric | Period | Guidance | Change |
|---|---|---|---|---|
| Oct 27, 2026 | Capital expenditures | Q4 FY2026 | $250.00M – $260.00M | New |
| Oct 27, 2026 | consolidated capital spending | FY2026 | $710.00M – $720.00M | Lowered |
| Oct 27, 2026 | Alaska and Gulf of America combined adjusted EBITDA | Q4 FY2026 | $12.00M | New |
| Oct 27, 2026 | Adjusted EBITDA | Q4 FY2026 | $46.00M | Raised |
| Oct 27, 2026 | Adjusted EBITDA | Q4 FY2026 | $8.00M | Lowered |
| Oct 27, 2026 | adjusted EBITDA | FY2026 | $930.00M | Raised |
| Oct 27, 2026 | Adjusted free cash flow | Q4 FY2026 | $60.00M – $70.00M | New |
| Oct 27, 2026 | consolidated adjusted free cash flow | FY2026 | $100.00M – $110.00M | Raised |
| Oct 27, 2026 | Lower 48 daily adjusted gross margin | Q4 FY2026 | $14.50K – $14.70K | New |
| Oct 27, 2026 | Daily adjusted gross margin | Q4 FY2026 | $19.50K | Raised |
| Oct 27, 2026 | Lower 48 average rig count | Q4 FY2026 | 75 | New |
| Oct 27, 2026 | Average rig count | Q4 FY2026 | 92 – 93 | Raised |
| Jul 28, 2026 | Alaska and Gulf of America combined adjusted EBITDA | Q3 FY2026 | $11.00M | New |
| Jul 28, 2026 | Adjusted EBITDA | Q3 FY2026 | $42.00M | Raised |
| Jul 28, 2026 | Adjusted EBITDA | Q3 FY2026 | $5.00M – $6.00M | Lowered |
| Jul 28, 2026 | Lower 48 average rig count | Q3 FY2026 | 73 | New |
| Jul 28, 2026 | Average rig count | Q3 FY2026 | 94 – 96 | Raised |
| Jul 28, 2026 | Lower 48 daily adjusted gross margin | Q3 FY2026 | $13.80K | New |
| Jul 28, 2026 | Daily adjusted gross margin | Q3 FY2026 | $18.10K – $18.40K | Raised |
| Apr 28, 2026 | full-year capital spending | FY2026 | $730.00M – $760.00M | New |
| Apr 28, 2026 | Capital expenditures | Q2 FY2026 | $180.00M – $190.00M | New |
| Apr 28, 2026 | Alaska and Gulf of America combined adjusted EBITDA | Q2 FY2026 | $15.00M | New |
| Apr 28, 2026 | Adjusted EBITDA | Q2 FY2026 | $39.00M | Raised |
| Apr 28, 2026 | Adjusted EBITDA | Q2 FY2026 | $3.00M | Lowered |
| Apr 28, 2026 | Adjusted free cash flow | Q2 FY2026 | $10.00M | New |
| Apr 28, 2026 | Lower 48 average rig count | Q2 FY2026 | 67 – 68 | New |
| Apr 28, 2026 | Average rig count | Q2 FY2026 | 93 – 95 | Raised |
| Apr 28, 2026 | Lower 48 daily adjusted gross margin | Q2 FY2026 | $13.30K | New |
| Apr 28, 2026 | Daily adjusted gross margin | Q2 FY2026 | $17.40K – $17.50K | Raised |
| Feb 11, 2026 | Capital expenditures | Q1 FY2026 | $170.00M – $180.00M | New |
| Feb 11, 2026 | Capital expenditures | FY2026 | $730.00M – $760.00M | New |
| Feb 11, 2026 | Alaska and Gulf of America combined adjusted EBITDA | Q1 FY2026 | $16.00M – $17.00M | New |
| Feb 11, 2026 | Adjusted EBITDA | Q1 FY2026 | $39.00M | Raised |
| Feb 11, 2026 | Adjusted EBITDA | Q1 FY2026 | $2.00M | Lowered |
| Feb 11, 2026 | Alaska and Gulf of America combined adjusted EBITDA | FY2026 | $55.00M – $60.00M | New |
| Feb 11, 2026 | Adjusted EBITDA | FY2026 | $160.00M – $170.00M | Raised |
| Feb 11, 2026 | Adjusted EBITDA | FY2026 | $22.00M – $25.00M | Lowered |
| Feb 11, 2026 | adjusted free cash consumption | Q1 FY2026 | $80.00M – $90.00M | New |
| Feb 11, 2026 | Adjusted free cash flow excluding SANAD | FY2026 | $80.00M – $90.00M | New |
| Feb 11, 2026 | Lower 48 daily adjusted gross margin | Q1 FY2026 | $13.20K | New |
| Feb 11, 2026 | Daily adjusted gross margin | Q1 FY2026 | $17.50K – $17.60K | Raised |
| Feb 11, 2026 | Lower 48 daily adjusted gross margin | FY2026 | $13.00K – $13.40K | New |
| Feb 11, 2026 | Daily adjusted gross margin | FY2026 | $18.50K | Raised |
| Feb 11, 2026 | Lower 48 average rig count | Q1 FY2026 | 64 – 65 | New |
| Feb 11, 2026 | Average rig count | Q1 FY2026 | 91 – 92 | Raised |
| Feb 11, 2026 | Lower 48 average rig count | FY2026 | 61 – 64 | New |
| Feb 11, 2026 | Average rig count | FY2026 | 96 – 98 | Raised |
| Oct 28, 2025 | Capital expenditures | Q4 FY2025 | $180.00M – $190.00M | New |
| Oct 28, 2025 | Alaska and Gulf of America combined adjusted EBITDA | Q4 FY2025 | $25.00M | New |
| Oct 28, 2025 | Drilling Solutions Adjusted EBITDA | Q4 FY2025 | $39.00M | Raised |
| Oct 28, 2025 | Rig Technologies Adjusted EBITDA | Q4 FY2025 | $5.00M – $6.00M | Lowered |
| Oct 28, 2025 | Adjusted free cash flow | Q4 FY2025 | $10.00M | New |
| Oct 28, 2025 | Lower 48 daily adjusted gross margin | Q4 FY2025 | $13.00K | New |
| Oct 28, 2025 | Daily adjusted gross margin | Q4 FY2025 | $18.10K – $18.20K | Raised |
| Oct 28, 2025 | Lower 48 average rig count | Q4 FY2025 | 57 – 59 | New |
| Oct 28, 2025 | Average rig count | Q4 FY2025 | 91 | Raised |
| Jul 29, 2025 | Capital expenditures | Q3 FY2025 | $200.00M – $210.00M | New |
| Jul 29, 2025 | Full-year capital expenditures | FY2025 | $700.00M – $710.00M | Lowered |
| Jul 29, 2025 | Alaska and Gulf of America combined adjusted EBITDA | Q3 FY2025 | $26.00M | New |
| Jul 29, 2025 | adjusted free cash flow | FY2025 | $80.00M | Reaffirmed |
| Jul 29, 2025 | Lower 48 average rig count | Q3 FY2025 | 57 – 59 | New |
| Jul 29, 2025 | Average rig count | Q3 FY2025 | 87 – 88 | Raised |
| Jul 29, 2025 | Lower 48 daily adjusted gross margin | Q3 FY2025 | $13.30K | New |
| Jul 29, 2025 | Daily adjusted gross margin | Q3 FY2025 | $17.90K | Raised |
| Apr 29, 2025 | Capital expenditures | Q2 FY2025 | $220.00M – $230.00M | New |
| Apr 29, 2025 | Full-year capital expenditures | FY2025 | $770.00M – $780.00M | Raised |
| Apr 29, 2025 | Adjusted free cash flow | FY2025 | $80.00M | New |
| Feb 13, 2025 | Capital expenditures | Q1 FY2025 | $195.00M – $205.00M | New |
| Feb 13, 2025 | Full-year capital expenditures | FY2025 | $710.00M – $720.00M | New |
| Feb 13, 2025 | Adjusted EBITDA | Q1 FY2025 | $33.00M | New |
| Feb 13, 2025 | Adjusted EBITDA | Q1 FY2025 | $5.00M | Lowered |
| Feb 13, 2025 | Lower 48 average rig count | Q1 FY2025 | 61 | New |
| Feb 13, 2025 | Average rig count | Q1 FY2025 | 85 – 86 | Raised |
| Feb 13, 2025 | Lower 48 daily adjusted gross margin | Q1 FY2025 | $14.80K | New |
| Feb 13, 2025 | Daily adjusted gross margin | Q1 FY2025 | $17.00K | Raised |
| Oct 22, 2024 | Capital expenditures | Q4 FY2024 | $230.00M | New |
| Oct 22, 2024 | Full-year capital expenditures | FY2024 | $600.00M | Raised |
| Oct 22, 2024 | Adjusted EBITDA | Q4 FY2024 | $36.00M – $37.00M | New |
| Oct 22, 2024 | Adjusted EBITDA | Q4 FY2024 | $9.00M – $10.00M | Lowered |
| Oct 22, 2024 | Full-year adjusted free cash flow | FY2024 | $100.00M – $130.00M | New |
| Oct 22, 2024 | Lower 48 daily adjusted gross margin | Q4 FY2024 | $15.00K | New |
| Oct 22, 2024 | Daily adjusted gross margin | Q4 FY2024 | $17.00K | Raised |
| Oct 22, 2024 | Lower 48 average rig count | Q4 FY2024 | 68 | New |
| Oct 22, 2024 | Average rig count | Q4 FY2024 | 84 | Raised |
| Apr 25, 2024 | Capital expenditures | Q2 FY2024 | $190.00M | New |
| Apr 25, 2024 | Full-year capital expenditures | FY2024 | $590.00M | New |
| Apr 25, 2024 | Alaska and Gulf of Mexico adjusted EBITDA | Q2 FY2024 | $21.00M | New |
| Apr 25, 2024 | Adjusted EBITDA | Q2 FY2024 | $30.00M – $32.00M | Raised |
| Apr 25, 2024 | Adjusted EBITDA | Q2 FY2024 | $8.00M – $10.00M | Lowered |
| Apr 25, 2024 | Lower 48 daily adjusted gross margin | Q2 FY2024 | $15.50K | New |
| Apr 25, 2024 | Daily adjusted gross margin | Q2 FY2024 | $15.70K | Raised |
| Apr 25, 2024 | Lower 48 average rig count | Q2 FY2024 | 70 | New |
| Feb 6, 2024 | Capital expenditures | Q1 FY2024 | $170.00M – $180.00M | New |
| Feb 6, 2024 | Alaska and Gulf of Mexico adjusted EBITDA | Q1 FY2024 | $1.50M – $2.00M | New |
| Feb 6, 2024 | Adjusted EBITDA | Q1 FY2024 | $30.00M – $31.00M | Raised |
| Feb 6, 2024 | Adjusted EBITDA | Q1 FY2024 | $5.00M – $6.00M | Lowered |
| Feb 6, 2024 | Lower 48 daily adjusted gross margin | Q1 FY2024 | $15.30K | New |
| Feb 6, 2024 | Daily adjusted gross margin | Q1 FY2024 | $16.10K – $16.30K | Raised |
| Feb 6, 2024 | Lower 48 average rig count | Q1 FY2024 | 73 – 75 | New |
| Oct 26, 2023 | Capital expenditures | Q4 FY2023 | $95.00M | New |
| Oct 26, 2023 | Adjusted EBITDA | Q4 FY2023 | +10% | New |
| Oct 26, 2023 | Adjusted EBITDA | Q4 FY2023 | +20% | Raised |
| Oct 26, 2023 | Alaska and Gulf of Mexico adjusted EBITDA | Q4 FY2023 | $1.50M | New |
| Oct 26, 2023 | Adjusted free cash flow | Q4 FY2023 | $165.00M – $190.00M | New |
| Oct 26, 2023 | Adjusted free cash flow | FY2023 | $225.00M – $250.00M | Lowered |
| Oct 26, 2023 | Lower 48 adjusted gross margin per day | Q4 FY2023 | $15.00K – $15.20K | New |
| Oct 26, 2023 | Adjusted gross margin per day | Q4 FY2023 | $16.20K – $16.30K | Raised |
| Oct 26, 2023 | Lower 48 average rig count | Q4 FY2023 | 72 – 74 | New |
| Jul 25, 2023 | Capital expenditures | Q3 FY2023 | $125.00M | New |
| Jul 25, 2023 | Adjusted EBITDA | Q3 FY2023 | +3% | New |
| Jul 25, 2023 | Alaska and Gulf of Mexico adjusted EBITDA | Q3 FY2023 | -$7.00M | New |
| Jul 25, 2023 | Adjusted EBITDA | Q3 FY2023 | $3.00M | Raised |
| Jul 25, 2023 | Adjusted free cash flow | Q3 FY2023 | $80.00M | New |
| Jul 25, 2023 | Adjusted free cash flow | FY2023 | $300.00M – $350.00M | Lowered |
| Jul 25, 2023 | Lower 48 adjusted gross margin per day | Q3 FY2023 | $16.00K | New |
| Jul 25, 2023 | Adjusted gross margin per day | Q3 FY2023 | $16.00K – $16.20K | Raised |
| Jul 25, 2023 | Lower 48 average rig count | Q3 FY2023 | 74 – 76 | New |
| Apr 25, 2023 | Capital expenditures | Q2 FY2023 | $140.00M | New |
| Apr 25, 2023 | Adjusted EBITDA | Q2 FY2023 | +3% | New |
| Apr 25, 2023 | Adjusted EBITDA | Q2 FY2023 | $2.00M – $3.00M | New |
| Apr 25, 2023 | Adjusted free cash flow | FY2023 | $400.00M | Reaffirmed |
| Apr 25, 2023 | Lower 48 adjusted gross margin per day | Q2 FY2023 | $16.90K – $17.00K | New |
| Apr 25, 2023 | Adjusted gross margin per day | Q2 FY2023 | $15.90K – $16.10K | Lowered |
| Apr 25, 2023 | Lower 48 average rig count | Q2 FY2023 | 85 | New |
| Feb 7, 2023 | Capital expenditures | Q1 FY2023 | $150.00M | New |
| Feb 7, 2023 | Capital expenditures | FY2023 | $490.00M | New |
| Feb 7, 2023 | Adjusted EBITDA | Q1 FY2023 | +6% | New |
| Feb 7, 2023 | Adjusted free cash flow | FY2023 | $400.00M | New |
| Feb 7, 2023 | Lower 48 adjusted gross margin per day | Q1 FY2023 | $16.10K – $16.30K | New |
| Oct 25, 2022 | Capital expenditures | Q4 FY2022 | $100.00M – $120.00M | New |
| Oct 25, 2022 | Capital expenditures | FY2022 | $380.00M – $400.00M | Raised |
| Oct 25, 2022 | Free cash flow | FY2022 | $100.00M | Reaffirmed |
| Aug 3, 2022 | Capital expenditures | FY2022 | $380.00M | Reaffirmed |
| Aug 3, 2022 | Capital expenditures | Q3 FY2022 | $110.00M – $120.00M | New |
| Aug 3, 2022 | Adjusted EBITDA | Q3 FY2022 | +12% | New |
| Aug 3, 2022 | Adjusted EBITDA | Q3 FY2022 | $2.00M | New |
| Aug 3, 2022 | Free cash flow | FY2022 | $100.00M | New |
| Aug 3, 2022 | Lower 48 adjusted gross margin per day | Q3 FY2022 | $10.40K – $10.60K | New |
| Aug 3, 2022 | Adjusted gross margin per day | Q3 FY2022 | $14.40K | Raised |
| Aug 3, 2022 | average Lower 48 rig count | Q3 FY2022 | 3 – 4 | New |
| Apr 27, 2022 | Capital expenditures | Q2 FY2022 | $110.00M – $120.00M | New |
| Apr 27, 2022 | Capital expenditures | FY2022 | $380.00M | Reaffirmed |
| Apr 27, 2022 | Adjusted EBITDA | Q2 FY2022 | +5% | New |
| Apr 27, 2022 | Adjusted EBITDA | Q2 FY2022 | $2.00M | New |
| Apr 27, 2022 | Lower 48 adjusted gross margin per day | Q2 FY2022 | $8.50K | New |
| Apr 27, 2022 | Adjusted gross margin per day | Q2 FY2022 | $12.70K – $13.00K | Raised |
| Apr 27, 2022 | average Lower 48 rig count | Q2 FY2022 | 6 – 7 | New |
| Apr 27, 2022 | average rig count | Q2 FY2022 | 2 – 3 | Lowered |
| Feb 8, 2022 | Capital expenditures | Q1 FY2022 | $95.00M – $100.00M | New |
| Feb 8, 2022 | total capital expenditures | FY2022 | $380.00M | New |
| Oct 27, 2021 | targeted fourth quarter capital expenditures | Q4 FY2021 | $91.00M | New |
| Oct 27, 2021 | Capital expenditures | FY2021 | $270.00M | New |
| Oct 27, 2021 | Adjusted EBITDA | Q4 FY2021 | +10% | New |
| Oct 27, 2021 | Daily drilling margin | Q4 FY2021 | $13.00K – $13.50K | New |
Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.
Press releases
Releases Nabors Industries filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Results
- Update
- Update
- Results
- Results
- Results
- Results
- Results
- Results
- Results
- Update
- Update
- Results
- Results