Overview
Nabors Q3 operating revenue misses analyst expectations, per LSEG data
Net income for Q3 driven by one-time gain from Quail Tools sale
Adjusted operating income for Q3 beats analyst expectations
Outlook
Nabors expects Lower 48 average rig count of 57 - 59 rigs in Q4 2025
Company anticipates Lower 48 daily adjusted gross margin of approximately $13,000
Nabors forecasts International daily adjusted gross margin of $18,100 - $18,200
Result Drivers
QUAIL TOOLS SALE - One-time gain from sale of Quail Tools significantly boosted net income for Q3
INTERNATIONAL DRILLING - Strong performance in International Drilling segment contributed to adjusted operating income exceeding expectations
DEBT REDUCTION - Sale proceeds from Quail Tools used to reduce gross debt, improving financial leverage
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Operating Revenue | Miss | $818.19 mln | $838.85 mln (4 Analysts) |
Q3 Net Income | $302.46 mln | ||
Q3 Adjusted EBITDA | Miss | $236.30 mln | $238.44 mln (5 Analysts) |
Q3 Adjusted Operating Income | Beat | $75.96 mln | $14.05 mln (2 Analysts) |
Q3 Pretax Profit | $420.03 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the oil & gas drilling peer group is "buy."
Wall Street's median 12-month price target for Nabors Industries Ltd is $39.00, about 21.2% below its October 27 closing price of $47.25
Press Release: ID:nPn3My5x6a
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)