Nabors Industries Reports Q3 Loss

(RTTNews) - Nabors Industries Ltd. (NBR) on Tuesday reported a third-quarter loss, compared to a profit a year ago. Meanwhile, adjusted EBITDA increased nearly 4% year-over-year, supported by stronger International Drilling performance, a larger Lower 48 fleet and growth in Drilling Solutions.

Net loss attributable to Nabors shareholders was $11.2 million or $1.24 per share, compared to net income of $274.2 million or $16.85 per share a year earlier.

Operating revenues increased to $872.2 million from $818.2 million last year.

Adjusted EBITDA rose to $245.5 million from $236.3 million, while adjusted operating income increased to $85.8 million from $76.0 million.

Looking ahead, Nabors expects fourth-quarter adjusted free cash flow of $60 million to $70 million and adjusted EBITDA growth sequentially. For full-year 2026, the company anticipates adjusted EBITDA of approximately $930 million and adjusted free cash flow of $100 million to $110 million.