This drilling contractor is expected to post quarterly loss of $1.82 per share in its upcoming report, which represents a year-over-year change of +19.5%. Revenues are expected to be $741.47 million, down 4.8% from the year-ago quarter. The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> This upward trend could be attributed to a combination of factors, including overall market optimism and positive developments within the ...

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 23. On the other hand, if they miss, the stock may move lower. Zacks Consensus Estimate Estimate Revisions Trend Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Estimate revisions ahead of a company's earnings release offer clues to the business conditions for t ...

HAMILTON, Bermuda, June 26, 2024 /PRNewswire/ -- Nabors Industries Ltd. (NYSE: NBR) invites you to join Anthony G. Petrello, Chairman, President and Chief Executive Officer, and William Restrepo, Chief Financial Officer, Wednesday, July 24, 2024 at 10:00 a.m. Central Time for a discussion of operating results for the second quarter ended June 30, 2024. Nabors will release earnings after the market closes on July 23, 2024. Date: July 24, 2024 Time: 10:00 a.m. CT (11:00 a.m. ET) Dial-in-number(s): US Toll Fre ...

Mr. Restrepo mentioned that in the International Drilling segment and in the Lower 48, a portion of the Company's U.S. Drilling segment, activity and financial results quarter to date support the outlook previously issued by the Company. He also noted that prospects for the Company's Drilling Solutions segment remain strong, with activity in international markets and on non-Nabors rigs expected to drive future growth. He commented that the Company is still tracking 2024 capital expenditures of approximately ...

Core Viewpoint - Nabors Industries Ltd. has successfully amended and restated its secured credit facility, enhancing its liquidity and flexibility to support growth and working capital needs [1][5]. Group 1: Credit Facility Details - The new credit facility totals $475 million, consisting of $350 million for revolving credit and $125 million for letters of credit, maturing on June 17, 2029 [1]. - The amended facility includes a $125 million letter of credit facility, increased from $100 million in the prior facility, and a $200 million uncommitted accordion feature, up from $100 million previously [2]. - The existing basket for additional indebtedness remains unchanged at up to $150 million for term loans and letters of credit, as well as a grower basket for term loans of up to $100 million [3]. Group 2: Financial Requirements and Conditions - The amended credit facility requires Nabors to maintain an interest coverage ratio of 2.75:1.00 and a minimum guarantor value of 90% [4]. - The initial borrowing margin under the new facility is approximately 2.75%, with rates subject to change based on Nabors' credit ratings [4]. Group 3: Management Commentary - The Chief Financial Officer of Nabors stated that the amended credit facility improves near-term liquidity and provides flexibility for working capital needs, particularly in international markets [5]. - The company plans to address debt maturities prudently and expects operating results to strengthen throughout 2024, supporting cash flow targets [6]. Group 4: Company Overview - Nabors Industries is a leading provider of advanced technology for the energy industry, operating in over 20 countries and focusing on safe, efficient, and responsible energy production [8].

It has been about a month since the last earnings report for Nabors Industries (NBR) . Shares have lost about 3.5% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Nabors due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Nabors Q1 Loss Wider Than Expected Nabors I ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-32657 NABORS INDUSTRIES LTD. (Exact name of registrant as specified in its charter) Bermuda 98-0363970 (State or other jurisdiction of incorporation or organ ...

Cash & Short-term Investments $475,732 $1,070,178 $425,560 Net debt is computed by subtracting the sum of cash, cash equivalents and short-term investments from total debt. This non-GAAP measure has limitations and therefore should not be used in isolation or as a substitute for the amounts reported in accordance with GAAP. However, management evaluates the performance of its operating segments and the consolidated Company based on several criteria, including net debt, because it believes that this financia ...

Nabors Industries (NBR) reported a loss per share of $4.54 in the first quarter of 2024. In the year-ago quarter, the company had reported a profit of $4.11 per share. This underperformance was primarily due to much higher year-over-year total costs and expenses.Revenues of $743.9 million beat the Zacks Consensus Estimate of $731 million. However, the top line decreased from the year-ago quarter’s level of $789 million. This was due to poor contribution from NBR’s U.S. Drilling and Rig Technologies segments ...

Exhibit 99.1 NEWS RELEASE Nabors Announces First Quarter 2024 Results HAMILTON, Bermuda, April 24, 2024 /PRNewswire/ - Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) today reported first quarter 2024 operating revenues of $734 million, compared to operating revenues of $726 million in the fourth quarter of 2023. The net loss attributable to Nabors shareholders for the quarter was $34 million, compared to a net loss of $17 million in the fourth quarter. This equates to a loss of $4.54 per dil ...