Nabors Q1 Loss Wider Than Expected, Revenues Decline Y/Y

Nabors Industries Ltd. (NBR) reported a first-quarter 2025 adjusted loss of $7.5 per share, which was wider than the Zacks Consensus Estimate of a loss of$2.64. This underperformance was mainly due to lower adjusted operating income from its U.S. Drilling segment.  Moreover, the bottom line deteriorated from the year-ago quarter’s reported loss of $5.16 per share. (See the Zacks Earnings Calendar to stay ahead of market-making news.)The oil and gas drilling company’s operating revenues of$736.2 million be ...