Nabors Posts $1.24 Per-Share Loss in Third Quarter
NBR sits 85% above its 52-week low of $44.04.
Summary
Nabors reported a third-quarter loss of $1.24 per share, per Dow Jones Newswires, on revenue of $872 million, with a net loss of $11.2 million and adjusted EBITDA of $246 million. The quarter brought record international drilling margin and $75 million in adjusted free cash flow, and the company now expects full-year consolidated adjusted free cash flow of $100 million to $110 million. It also expects full-year 2026 adjusted EBITDA of about $930 million, the upper end of prior guidance, and full-year capital spending of $710-$720 million. That follows a Q2 where revenue narrowly missed consensus and the net loss widened year-over-year, so the bottom line remains the weak spot even as adjusted EBITDA held up last quarter. The company had reiterated 2026 guidance in its September investor presentation, making this the first hard read on whether that outlook is holding.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — Nabors now expects full-year 2026 adjusted EBITDA of about $930 million, the upper end of prior guidance, and full-year capital spending of $710-$720 million.
At the time of this announcement, NBR was trading at $81.32 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $44.04 to $112.90. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.