Nabors Industries reported second-quarter 2026 results showing revenue of $814.8M and a net loss attributable to Nabors of $22.33M (diluted EPS ($2.04)), with revenue modestly below the year-ago quarter and an improvement in net loss and EPS versus the prior year.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$814.8M$832.79M(2.2%) | Net income²($22.33M)($30.91M)27.8% | Diluted EPS³($2.04)($2.71)24.7% |
¹ Reported as “Operating revenues”. ² Reported as “Net income (loss) attributable to Nabors”. ³ Reported as “Earnings (losses) per share”.
Business Highlights
- Revenue trend: Q2 revenues were $814.8M, a slight year-over-year decline while six-month revenue rose modestly driven by international growth.
- Channel shift: International drilling delivered double-digit growth with average rigs up about 9%, offsetting softer U.S. day rates.
- Operational efficiency: U.S. rig productivity improved with higher working-rig utilization and better daily rig margins.
- Portfolio moves: Nabors sold Quail Tools in August 2025 and integrated Parker in March 2025, reshaping Drilling Solutions and the G&A base.
- Cash and operations: Strong operating cash generation supported capital programs for rig enhancements and fleet activity.
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.