Nabors Industries Ltd. has announced its financial results for the third quarter of 2026, marking a significant step in its recovery and growth trajectory. The company reported operating revenues of $872 million, a 7% increase from the previous quarter. Despite a net loss of $11 million attributable to shareholders, the company saw a notable rise in adjusted EBITDA, which reached $246 million, up nearly 11% from the second quarter. This performance underscores Nabors' resilience in the competitive drilling oil and gas wells sector.

The results were shared in a press release issued on October 27, 2026, and will be discussed in a conference call scheduled for October 28, 2026, at 10:00 a.m. Central Time. The call will provide further insights into the company’s financial performance and strategic direction.

Background

Nabors Industries Ltd. is a prominent player in the drilling oil and gas wells industry, classified under SIC code 1381. The company is listed on the New York Stock Exchange under the ticker symbol NBR. Nabors operates primarily in Bermuda and is known for its innovative drilling solutions and advanced technologies.

Recent filings include a Form 8-K on October 27, 2026, detailing the latest financial results, and a Form 4 on October 2, 2026, which reflects insider trading activities. The company has been active in providing updates on its financial health and operational strategies.

What the Filing Says

The filing indicates that, "Nabors reported third quarter 2026 operating revenues of $872 million, up 7% sequentially." Additionally, it highlights that the company achieved a record international drilling daily adjusted gross margin, contributing to the sequential improvement in financial performance.

Impact

This update is likely to impact various stakeholders, including investors, analysts, and competitors in the drilling oil and gas wells sector. The reported increase in revenues and adjusted free cash flow signals a positive trend, which may influence investor confidence and market perceptions. Competitors in the industry may also take note of Nabors' performance as they strategize their own operations in a challenging market environment.

What's Next

The company is set to hold a conference call on October 28, 2026, to further discuss its financial results and future outlook. This call will provide an opportunity for stakeholders to gain deeper insights into the company's strategies and performance metrics. Details were not available in the SEC filing regarding any further actions or developments following this report.