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Nabors Industries
(NYSE:NBR)
Nabors Industries (NBR) vs. SPDR S&P 500 ETF (SPY)
Nabors Industries Business Overview & Revenue Model
Nabors Industries Earnings Call Summary
Nabors Industries Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.12B | 2.93B | 3.01B | 2.65B | 2.02B | 2.13B |
| Gross Profit | 1.10B | 1.19B | 1.22B | 987.76M | 730.23M | 798.03M |
| EBITDA | 1.31B | 881.34M | 915.15M | 709.39M | 481.52M | 560.95M |
| Net Income | 206.43M | -176.08M | -11.78M | -350.26M | -569.27M | -805.64M |
Balance Sheet | ||||||
| Total Assets | 4.83B | 4.50B | 5.28B | 4.73B | 5.53B | 5.50B |
| Cash, Cash Equivalents and Short-Term Investments | 428.08M | 397.30M | 1.07B | 452.31M | 991.49M | 481.75M |
| Total Debt | 2.35B | 2.53B | 3.15B | 2.54B | 3.27B | 2.98B |
| Total Liabilities | 3.27B | 3.30B | 4.00B | 3.51B | 4.13B | 3.80B |
| Stockholders Equity | 938.91M | 135.00M | 326.61M | 368.96M | 590.66M | 1.15B |
Cash Flow | ||||||
| Free Cash Flow | -165.59M | 13.51M | 97.01M | 127.64M | 191.14M | 154.24M |
| Operating Cash Flow | 596.34M | 581.43M | 637.86M | 501.09M | 428.78M | 349.76M |
| Investing Cash Flow | -246.60M | -555.46M | -570.42M | -368.71M | -117.22M | -165.46M |
| Financing Cash Flow | -539.55M | -662.05M | 592.59M | -661.53M | 488.42M | -148.00M |
Nabors Industries Technical Analysis
Nabors Industries Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $917.65M | 10.88 | 7.08% | 7.10% | 5.83% | -11.86% | |
69 Neutral | $2.67B | ― | -1.19% | 3.59% | 25.92% | -109.50% | |
67 Neutral | $1.76B | 62.01 | 1.18% | ― | -9.31% | -91.57% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
64 Neutral | $758.93M | 5.37 | 47.77% | ― | 6.52% | ― | |
64 Neutral | $2.31B | ― | -4.00% | 4.73% | -16.59% | 83.95% | |
60 Neutral | $4.38B | ― | -32.05% | ― | 16.93% | -335.82% |
Nabors Industries Corporate Events
Nabors Industries Ltd. faces a business risk due to the concentration of voting power in the hands of its Board of Directors, which could limit the influence of other shareholders. The Voting & Lock-Up Agreements established during the Parker acquisition require certain shareholders to align their votes with the Board’s recommendations, potentially stifling dissenting voices. This arrangement may lead to governance challenges, as it restricts the ability of shareholders to oppose Board decisions or propose alternative candidates. Consequently, the company’s decision-making process could become less responsive to the broader shareholder base, posing a risk to its governance structure.
The Voting & Lock-Up Agreements related to Nabors Industries Ltd.’s acquisition of Parker could significantly concentrate voting power within its Board of Directors, potentially limiting the influence of other shareholders. These agreements mandate that certain shareholders, who became part of Nabors through the acquisition, align their votes with the Board’s recommendations on director nominations and other proposals. This arrangement could stifle dissenting voices and reduce the ability of minority shareholders to impact corporate governance decisions. Consequently, the balance of power may tilt heavily in favor of the Board, raising concerns about the equitable representation of all shareholders’ interests.
Nabors Industries’ recent earnings call presented a balanced sentiment, showcasing significant financial restructuring achievements alongside challenges in the domestic market. The company successfully sold Quail Tools, which, along with substantial debt reduction, has enhanced their capital structure. International segments demonstrated robust growth, although the U.S. market, particularly the Lower 48, faced hurdles. Despite these challenges, Nabors remains strategically positioned with positive technological advancements and international market growth.
Nabors Industries Ltd., a prominent player in the energy sector, specializes in providing advanced technology solutions for safe and efficient energy production, with a significant presence in over 20 countries. In its third-quarter 2025 earnings report, Nabors Industries announced operating revenues of $818 million, a slight decrease from the previous quarter, but reported a substantial net income of $274 million, largely due to a one-time gain from the sale of Quail Tools. The company’s adjusted EBITDA was reported at $236 million, reflecting a minor decline from the prior quarter.
On October 1, 2025, Nabors Industries announced the appointment of Miguel Rodriguez as the new Chief Financial Officer, succeeding William Restrepo who retired on September 30, 2025. Rodriguez, who has been with Nabors since 2019, brings over 25 years of finance experience and has previously worked at SLB Drilling Group. His appointment comes with a comprehensive compensation package, including a base salary, bonuses, and equity awards, as well as a severance agreement outlining benefits in the event of termination. This leadership change is expected to influence Nabors’ financial strategy and operations, potentially impacting stakeholders and the company’s market positioning.
The most recent analyst rating on (NBR) stock is a Sell with a $36.00 price target. To see the full list of analyst forecasts on Nabors Industries stock, see the NBR Stock Forecast page.
On September 3, 2025, Nabors Industries‘ CFO, Mr. William Restrepo, participated in a panel discussion at the Barclays 39th Annual Energy-Power Conference, focusing on land drilling. The discussion was based on an Investor Presentation published by the company on September 2, 2025. Nabors has recently made significant moves, including the acquisition of Parker Wellbore and the divestiture of Quail Tools, aiming to enhance its financial position and operational capabilities. These transactions are expected to deliver substantial synergies and financial benefits, such as reducing net debt by over 25% and achieving annual interest savings of more than $50 million.
The most recent analyst rating on (NBR) stock is a Hold with a $40.00 price target. To see the full list of analyst forecasts on Nabors Industries stock, see the NBR Stock Forecast page.
On September 4, 2025, Nabors Industries, Inc., a subsidiary of Nabors Industries Ltd., amended its credit agreement to allow for repurchase of up to $100 million in equity annually. This amendment impacts Nabors Delaware’s financial operations by adjusting its ability to make dividends and equity buybacks on a dollar-for-dollar basis.
The most recent analyst rating on (NBR) stock is a Hold with a $39.00 price target. To see the full list of analyst forecasts on Nabors Industries stock, see the NBR Stock Forecast page.
On August 29, 2025, Nabors Industries, Inc. and its subsidiaries, along with Wells Fargo Bank and other parties, executed amendments to their existing Receivables Purchase and Sale Agreements, originally dated September 13, 2019. These amendments, including the addition of Parker Drilling Company subsidiaries as originators, aim to enhance the company’s financial agreements without increasing the facility limit of $250 million, while also updating indemnification obligations.
The most recent analyst rating on (NBR) stock is a Hold with a $39.00 price target. To see the full list of analyst forecasts on Nabors Industries stock, see the NBR Stock Forecast page.
On August 20, 2025, Nabors Industries announced the sale of its subsidiary Quail Tools to Superior Energy Services for $600 million, comprising $375 million in cash and a $250 million seller note. This transaction is expected to reduce Nabors’ net debt by more than 25%, strengthen its balance sheet, and enhance financial flexibility, while retaining other profitable operations acquired from Parker Wellbore.
The most recent analyst rating on (NBR) stock is a Hold with a $37.00 price target. To see the full list of analyst forecasts on Nabors Industries stock, see the NBR Stock Forecast page.