Nabors Industries (NYSE:NBR) Announces Earnings Results, Misses Estimates By $0.74 EPS

Nabors Industries (NYSE:NBR) issued its quarterly earnings data on Tuesday. The oil and gas company reported ($2.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.30) by ($0.74), Zacks reports. Nabors Industries had a net margin of 7.64% and a negative return on equity of 7.06%. The business had revenue of $814.79 million for the quarter, compared to analyst estimates of $809.28 million. During the same quarter last year, the business earned ($2.71) EPS. Nabors Industries’s revenue for the quarter was down 2.2% compared to the same quarter last year.

Nabors Industries Price Performance

Shares of NYSE NBR opened at $79.64 on Thursday. The company has a current ratio of 1.97, a quick ratio of 1.82 and a debt-to-equity ratio of 2.22. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 5.93 and a beta of 0.96. Nabors Industries has a twelve month low of $30.90 and a twelve month high of $112.90. The business has a 50 day simple moving average of $88.46 and a 200-day simple moving average of $83.02.

Institutional Trading of Nabors Industries

Institutional investors have recently added to or reduced their stakes in the business. Quarry LP acquired a new stake in shares of Nabors Industries during the fourth quarter worth $33,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Nabors Industries during the 4th quarter valued at about $40,000. Public Employees Retirement System of Ohio raised its stake in Nabors Industries by 23.0% during the third quarter. Public Employees Retirement System of Ohio now owns 1,545 shares of the oil and gas company’s stock worth $63,000 after acquiring an additional 289 shares during the period. State of Wyoming lifted its holdings in Nabors Industries by 106.3% in the fourth quarter. State of Wyoming now owns 1,314 shares of the oil and gas company’s stock worth $71,000 after acquiring an additional 677 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Nabors Industries by 24.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,754 shares of the oil and gas company’s stock valued at $95,000 after acquiring an additional 341 shares during the period. Institutional investors own 81.92% of the company’s stock.

Key Nabors Industries News

Here are the key news stories impacting Nabors Industries this week:

• Positive Sentiment: Raised outlook and stronger activity: Nabors increased its full-year adjusted EBITDA forecast to $920 million-$930 million and raised its expected full-year Lower 48 rig count. Management cited international drilling momentum, stronger Lower 48 activity and expected third-quarter Lower 48 utilization of about 73 rigs. Nabors Q2 2026 revenue rises to $815 million
• Positive Sentiment: Cash flow improved materially: Second-quarter adjusted free cash flow was $12.3 million, compared with negative $48.2 million in the first quarter. Adjusted EBITDA reached $222 million, supporting the view that operating performance is recovering. Momentum Accelerates. Cash Flow Improves.
• Positive Sentiment: Debt-management step: Nabors and its parent obtained a waiver from Citibank that permits the redemption of senior notes, potentially giving the company additional flexibility to manage financing costs and its heavily leveraged balance sheet. Nabors Industries Obtains Waiver to Redeem Senior Notes
• Neutral Sentiment: Revenue exceeded expectations: Second-quarter revenue was $814.8 million, above the roughly $809 million consensus estimate and up about 4% sequentially, although it declined 2.2% from the prior year. Nabors Industries Reports Q2 Loss, Beats Revenue Estimates
• Negative Sentiment: Profitability remained weak: Nabors reported a $2.04 per-share loss, wider than the $1.54 consensus loss cited by Zacks and the approximately $1.30 estimate reported elsewhere. The company continues to have negative return on equity and significant debt relative to equity. Nabors Industries Q2 2026 Earnings Call Transcript

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Zacks Research raised Nabors Industries from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. Barclays raised shares of Nabors Industries from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $65.00 to $99.00 in a research report on Thursday, May 7th. Susquehanna dropped their price target on shares of Nabors Industries from $105.00 to $85.00 and set a “neutral” rating for the company in a research note on Wednesday, July 8th. Citigroup upped their price target on shares of Nabors Industries from $89.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Finally, Weiss Ratings lowered shares of Nabors Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $100.57.

Nabors Industries Company Profile

Nabors Industries Ltd. is a global oil and gas drilling contractor that provides land and offshore drilling rigs, drilling equipment and related services to energy companies around the world. The company’s operations span two core segments: drilling and evaluation, which includes land?based and platform drilling rigs as well as wellbore survey services, and wellbore technologies, offering pressure control equipment, downhole tools and specialized maintenance services. Nabors’ integrated model combines rig operations with engineered products and field support, positioning it as a full?service provider in the upstream sector.

The company maintains a diverse, modern fleet of automated and conventional drilling rigs and has pioneered advanced drilling technologies, including automated drilling controls and managed pressure drilling systems.