Nabors Industries Ltd.
Description
Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally. The company operates through four segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. It provides tubular running services, including casing and tubing running, and torque monitoring; managed pressure drilling services; and drilling-bit steering systems and rig instrumentation software. The company also offers drilling systems comprising ROCKit, a directional steering control system; SmartNAV, a collaborative guidance and advisory platform; SmartSLIDE, a directional steering control system; and RigCLOUD, a digital infrastructure to integrate applications to deliver real-time insight into operations across the rig fleet. In addition, it operates a fleet of land-based drilling rigs and marketed platforms rigs; manufactures and sells top drives, catwalks, wrenches, drawworks, and other drilling related equipment, such as robotic systems and downhole tools; and provides aftermarket sales and services for the installed base of its equipment. Nabors Industries Ltd. was founded in 1952 and is based in Hamilton, Bermuda.
About
CEO
Mr. Anthony G. Petrello J.D.
Employees
12,000
Instrument type
Common Stock
Sector
Energy
Industry
Oil & Gas Drilling
MIC code
XNYS
Address
Crown House, Hamilton, HM 08, Bermuda
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![Enlarged Chart]()
Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 21, 2025 | — | — | — | — |
| Jul 22, 2025 | — | — | — | — |
| Apr 23, 2025 | — | — | — | — |
| Feb 13, 2025 | -2.58 | — | — | — |
| Feb 5, 2025 | -2.58 | — | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 1 | — | 1 |
| Average estimate | — | -0.46 | — | 1.00 |
| Low estimate | — | -0.46 | — | 1.00 |
| High estimate | — | -0.46 | — | 1.00 |
| Last year EPS | — | -4.54 | — | -16.17 |
[stock_revenue_estimate]
Growth estimates
Current qtr
14.630%
Next qtr. (Mar 2025)
89.870%
Current year
-207.260%
Next year (Dec 2025)
111.590%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 3.01B | 2.65B | 2.02B | 2.13B | 3.04B |
| Cost of revenue | 2.44B | 2.33B | 1.98B | 2.19B | 2.81B |
| Gross profit | 570.31M | 322.69M | 37.27M | -52.73M | 237.96M |
| Operating expense | |||||
| Research & development | 56.30M | 49.94M | 35.15M | 33.56M | 50.36M |
| Selling general and admin | 244.15M | 228.43M | 213.56M | 203.52M | 258.73M |
| Other operating expenses | — | — | 418,000 | 2.94M | 7.82M |
| Operating income | 269.86M | 44.32M | -211.86M | -292.74M | -78.95M |
| Non operating interest income | |||||
| Income | 45.90M | 15.47M | 1.53M | 4.71M | 8.42M |
| Expense | 185.29M | 177.90M | 171.48M | 206.27M | 204.31M |
| Other income expense | -1.35M | -127.58M | -106.28M | -211.26M | -314.08M |
| Pretax income | 129.12M | -245.68M | -488.09M | -705.57M | -588.92M |
| Tax provision | 79.22M | 61.54M | 55.62M | 57.29M | 91.58M |
| Net income | 49.90M | -307.22M | -543.69M | -762.85M | -680.51M |
| Basic EPS | -5.49 | -40.52 | -76.58 | -118.69 | -105.50 |
| Diluted EPS | -5.49 | -40.52 | -76.58 | -118.69 | -105.50 |
| Basic average shares | 9.16M | 8.90M | 7.61M | 7.06M | 7.03M |
| Diluted average shares | 9.16M | 8.90M | 7.61M | 7.06M | 7.03M |
| EBITDA | 959.22M | 718.25M | 466.61M | 565.83M | 805.64M |
| Net income from continuing op. | 49.90M | -307.22M | -543.69M | -762.85M | -680.51M |
| Minority interests | -61.69M | -43.04M | -25.58M | -42.80M | -22.38M |
| Preferred stock dividends | 38.46M | 10.32M | 9.47M | 17.57M | 20.99M |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 5.28B | 4.73B | 5.53B | 5.50B | 6.76B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 1.06B | 451.03M | 991.47M | 472.25M | 435.99M |
| Other short term investments | 12.69M | 1.29M | 17,000 | 9.50M | 16.51M |
| Accounts receivable | 347.84M | 327.40M | 287.57M | 362.98M | 453.04M |
| Other receivables | — | — | — | — | — |
| Inventory | 147.80M | 127.95M | 126.45M | 160.59M | 176.34M |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | 16.56M | 16.56M | 2.53M |
| Hedging assets | — | — | — | — | — |
| Other current assets | 79.87M | 92.96M | 96.30M | 109.60M | 164.26M |
| Non current assets | |||||
| Properties | 12.19B | 11.96B | 11.96B | 12.75B | 13.23B |
| Land and improvements | 32.07M | 22.67M | 22.96M | 28.26M | 33.93M |
| Machinery furniture equipment | 237.57M | 216.23M | 200.74M | 195.90M | 192.08M |
| Construction in progress | — | — | — | — | 25.39M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -9.71B | -9.30B | -8.97B | -9.13B | -8.69B |
| Goodwill | — | — | — | — | 56.76M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 733.56M | 703.13M | 675.06M | 386.26M | 553.06M |
| Total liabilities | 4.00B | 3.51B | 4.13B | 3.80B | 4.29B |
| Current liabilities | |||||
| Accounts payable | 294.44M | 314.04M | 253.75M | 220.92M | 295.16M |
| Accrued expenses | 74.40M | 79.95M | 79.50M | 78.13M | 62.97M |
| Short term debt | 635.04M | 6.78M | 5.42M | 8.31M | 13.48M |
| Deferred revenue | 29.23M | 37.81M | 59.82M | 61.47M | 89.05M |
| Tax payable | 95.58M | 67.61M | 53.22M | 38.76M | 46.10M |
| Pensions | 65.36M | 71.51M | 58.58M | 90.25M | 127.22M |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 2.51B | 2.54B | 3.26B | 2.97B | 3.33B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 1.37M | 2.86M | 2.77M | 1.58M | 3.15M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 270.01M | 377.67M | 340.35M | 318.03M | 292.18M |
| Shareholders equity | |||||
| Common stock | 527,000 | 525,000 | 466,000 | 419,000 | 416,000 |
| Retained earnings | -1.89B | -1.84B | -1.54B | -946.10M | -104.78M |
| Other shareholders equity | -10.83M | -11.04M | -10.63M | -11.12M | -11.79M |
| Total shareholders equity | 1.28B | 1.22B | 1.39B | 1.70B | 2.48B |
| Additional paid in capital | 3.54B | 3.54B | 3.45B | 3.42B | 3.41B |
| Treasury stock | 1.32B | 1.32B | 1.32B | 1.32B | 1.31B |
| Minority interest | 954.47M | 846.44M | 803.57M | 548.26M | 492.75M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||||||
| Net Income | 49.90M | -307.22M | -543.69M | -762.85M | -680.51M | -612.73M | -540.63M | -1.03B | -372.29M | -669.24M | 147.16M | 165.45M | 248.52M | 94.70M | -85.55M | 475.74M | 930.69M | 1.02B | 648.70M | 302.46M | 192.23M | 121.49M | 357.45M | 135.47M | 27.70M | 125.00M | 114.80M | 70.50M | 51.10M | 700,000 | 34.30M | 33.80M | 27.10M | 14.60M |
| Depreciation | 645.29M | 665.07M | 693.38M | 853.70M | 876.10M | 868.51M | 845.44M | 874.30M | 973.32M | 1.15B | 1.12B | 1.06B | 972.01M | 793.52M | 680.34M | 639.97M | 555.40M | 420.79M | 369.58M | 326.71M | 266.26M | 231.33M | 228.07M | 152.41M | 99.80M | 84.90M | 66.40M | 46.10M | 31.00M | 19.90M | 18.70M | 14.40M | 8.50M | 4.50M |
| Deferred Taxes | 15.88M | 7.34M | -10.71M | 64.72M | 35.89M | 71.58M | 9.10M | -206.67M | -203.15M | -240.20M | -103.28M | -131.74M | -12.38M | 55.96M | -218.76M | 17.32M | -24.73M | 218.32M | 194.74M | 12.51M | -26.10M | 9.10M | 116.44M | 71.64M | 20.40M | 34.70M | 56.10M | 2.60M | 2.60M | 800,000 | -700,000 | — | -200,000 | -1.30M |
| Stock-Based Compensation | 15.84M | 15.83M | 19.36M | 24.64M | 24.66M | 26.40M | 31.90M | 32.00M | 47.31M | 37.19M | 53.26M | 18.31M | 21.24M | 13.75M | 106.73M | 45.40M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | -50.56M | -34.04M | -2.93M | -12.33M | 9.22M | 4.71M | 22.04M | 10.85M | -41.50M | 6.60M | -3.34M | 7.44M | 21.07M | 76.15M | — | 282.16M | 30.18M | 79.89M | — | — | -20.35M | -11.93M | 25.61M | — | 100,000 | -100,000 | — | 200,000 | -8.40M | -2.30M | -8.30M | 1.40M | — | -1.20M |
| Accounts Receivable | -27.13M | -54.50M | 71.81M | 67.50M | 276.69M | -66.49M | -168.44M | 253.94M | 529.15M | -126.88M | -44.56M | 200.54M | -459.46M | -249.73M | 450.53M | -157.70M | 93.49M | -279.69M | -271.97M | -129.68M | -30.66M | 90.40M | -8.45M | -144.66M | 33.00M | 62.20M | -76.60M | -21.10M | -13.70M | 1.00M | -35.20M | -8.00M | -3.20M | -13.00M |
| Accounts Payable | -32.39M | 61.64M | 12.14M | -142.83M | -142.86M | -76.56M | 79.20M | -180.20M | -566.04M | 267.91M | 113.55M | -224.80M | 519.21M | 70.46M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | 24.46M | 32.53M | 99.05M | 90.85M | 28.91M | -80.14M | -626.22M | 58.34M | -10.23M | 755.06M | -101.11M | -45.52M | -51.92M | 798,000 | 230.34M | -159.06M | -228.53M | -76.10M | -9.45M | -8.50M | -24.74M | 15.37M | -2.26M | 28.05M | -27.30M | 26.10M | 2.20M | -13.70M | -5.10M | -1.90M | -1.80M | -13.80M | -13.40M | 800,000 |
| Operating Cash Flow | 641.30M | 386.64M | 338.41M | 183.40M | 428.11M | 135.28M | -347.61M | -187.05M | 356.57M | 1.18B | 1.18B | 1.05B | 1.26B | 855.61M | 1.16B | 1.14B | 1.36B | 1.38B | 931.59M | 503.49M | 356.64M | 455.75M | 716.86M | 242.92M | 153.70M | 332.80M | 162.90M | 84.60M | 57.50M | 18.20M | 7.00M | 27.80M | 18.80M | 4.40M |
| Investing Activities | ||||||||||||||||||||||||||||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — | — | — | — | — | 180.56M | 31.07M | 31.38M | 69.84M | -1.85B | -1.91B | -879.85M | -537.55M | -342.66M | -291.66M | -697.54M | -295.09M | -70.10M | -255.90M | -333.80M | -130.70M | -99.30M | -37.40M | -9.50M | -46.50M | -67.40M | -21.40M |
| Net Intangibles | — | — | -3.60M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | -2.93M | -20.86M | 12.32M | -22.28M | 569.42M | -74.15M | -110.30M | 158.20M | -24.74M | -774.57M | -125.08M | -271.60M | 185.94M | -82.41M | -46.20M | — | — | -135.65M | -66.35M | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | -38.28M | -21.12M | -14.70M | -91,000 | -4.32M | -676,000 | -6.72M | -24,000 | -9,000 | -319,000 | — | -949,000 | -11.75M | -34.15M | -32.67M | -269.98M | -656.42M | -1.14B | -745.74M | -919.94M | -1.48B | -760.38M | -804.07M | -325.29M | -25.40M | -18.50M | -4.80M | -11.30M | -7.40M | -52.40M | — | — | — | -5.40M |
| Sale of Investments | — | — | 11.40M | 2.76M | 18.85M | 4.29M | 13.07M | 739,000 | 961,000 | 23.99M | 164.51M | 31.94M | 39.06M | 34.61M | 57.03M | 521.61M | 860.39M | 1.33B | 749.56M | 908.61M | 1.41B | 542.13M | 431.50M | 42.85M | 6.60M | — | 3.70M | 12.50M | 38.90M | 12.60M | — | 4.20M | 5.40M | 5.40M |
| Investing Cash Flow | -29.57M | 4.74M | 128.21M | 30.07M | 71.89M | 91.85M | 76.60M | 13.27M | 639.66M | 104.41M | 362.74M | 339.00M | 363.70M | -711.96M | -69.34M | 49.88M | -1.46B | -1.77B | -958.24M | -549.08M | -408.24M | -654.29M | -1.14B | -577.53M | -87.30M | -276.30M | -326.10M | -160.40M | -87.40M | -70.80M | -26.20M | -42.30M | -38.50M | -69.90M |
| Financing Activities | ||||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | 1.19B | 335.00M | 1.73B | 2.55B | 1.05B | 1.94B | 1.18B | 1.21B | 625.32M | 465.00M | 698.75M | 710.00M | 2.26B | 1.30B | 1.12B | 986.76M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -588.47M | -977.60M | -1.42B | -2.63B | -1.32B | -2.39B | -759.31M | -1.28B | -1.30B | -230.93M | -1.72B | -956.26M | -2.10B | -1.00B | -1.12B | -843.84M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | -8.74M | -18.87M | 195.26M | -47.19M | -11.07M | 121.29M | 14.16M | -16.25M | -5.64M | -11.55M | 2.20M | -5.86M | -8.03M | -19.28M | 37,000 | 5.37M | -38.07M | -22.39M | -2.74M | 9.97M | -9.60M | -4.23M | -12.19M | -5.18M | -1.10M | -1.00M | -100,000 | 900,000 | -900,000 | — | -200,000 | 1.10M | — | -1.50M |
| Financing Cash Flow | 592.59M | -1.12B | 488.42M | -148.00M | -332.13M | 155.63M | 512.18M | -138.22M | -1.38B | 69.85M | -734.01M | -254.13M | 160.62M | 272.82M | 19.37M | -89.24M | -78.90M | -978.39M | 92.24M | 81.22M | 16.74M | 6.14M | -251.93M | 107.80M | 4.60M | -1.70M | 58.70M | 11.90M | -700,000 | 5.50M | 35.60M | 8.30M | 400,000 | 44.40M |
| Other Cash Details | ||||||||||||||||||||||||||||||||||
| End Cash Position | 1.37B | 737.14M | 1.27B | 475.28M | 442.04M | 451.08M | 342.03M | 264.99M | 254.53M | 501.15M | 389.92M | 524.92M | 398.58M | 641.70M | 927.82M | 442.09M | 531.31M | 700.55M | 565.00M | 384.71M | 579.74M | 414.05M | 198.44M | 197.31M | 80.60M | 16.70M | 3.90M | — | — | — | — | — | — | — |
| Income Tax Paid | 49.49M | 29.19M | 11.22M | — | — | 11.38M | 20.58M | 34.48M | 66.91M | 166.66M | 100.75M | 85.04M | 53.76M | 58.57M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 186.92M | 189.76M | 161.93M | — | — | 202.80M | 191.99M | 184.45M | 168.98M | 164.93M | 239.64M | 250.05M | 208.21M | 180.73M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 97.01M | 127.64M | 194.74M | 154.24M | 256.82M | -133.17M | -511.71M | 136.45M | -10.55M | -39.40M | 240.02M | 44.08M | -586.13M | 176.71M | 523.54M | -44.16M | -644.27M | -441.15M | 122.18M | 18.77M | 42.60M | 74.34M | -8.47M | -79.69M | 46.20M | -23.00M | -221.00M | -62.30M | -35.50M | -500,000 | -800,000 | -39.80M | -40.30M | -17.00M |
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