Nabors Industries Ltd. ( (NBR) ) has released its Q2 earnings. Here is a breakdown of the information Nabors Industries Ltd. presented to its investors.
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Nabors Industries Ltd. is a global leader in providing advanced technology for the energy industry, specializing in drilling, engineering, automation, data science, and manufacturing to facilitate efficient and responsible energy production. The company operates in over 20 countries and is committed to innovating the future of energy while supporting the transition to a lower-carbon world.
In its second quarter of 2025, Nabors Industries reported operating revenues of $833 million, an increase from the previous quarter’s $736 million. Despite this revenue growth, the company experienced a net loss of $31 million, attributed to Nabors shareholders, compared to a net income of $33 million in the first quarter. The adjusted EBITDA for the quarter rose to $248 million from $206 million in the previous quarter, highlighting the company’s operational improvements.
Key highlights from the quarter include the deployment of two newbuild rigs in Saudi Arabia through the SANAD joint venture with Saudi Aramco, with additional rigs scheduled for deployment later in the year. The company also completed significant rig reactivations in Kuwait, contributing to its International Drilling segment’s earnings. Nabors’ high-specification PACE® series SmartRigs® achieved several milestones in lateral wellbore lengths across various U.S. basins. The integration of Parker Wellbore businesses, acquired in March, significantly contributed to the financial results, with cost synergies supporting the company’s targets.
Looking forward, Nabors Industries anticipates stable rig counts in the U.S. Lower 48 and expects its rig count and pricing to stabilize through the end of the year. The company is optimistic about the growth prospects in its International Drilling segment, driven by the SANAD newbuild program, which is expected to create significant value through 2027. Nabors remains focused on generating cash flow and reducing debt, with a target of $80 million in adjusted free cash flow for the full year 2025.