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Earnings transcript
Read the complete earnings call transcript.
NBR
Nabors Industries Ltd.
$87.49
-0.23
(-0.26%)
| Exchange: | NYSE |
| Market Cap: | 1.294B |
| Shares Outstanding: | 326882 |
Delayed data
About The Company
| Sector: | Energy | |||||
| Industry: | Oil & Gas Drilling | |||||
| CEO: | Anthony G. Petrello | |||||
| Full Time Employees: | 13900 | |||||
| Address: |
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| Website: | https://www.nabors.com |
Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally. The company operates through four segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. The company offers tubular running services, including casing and tubing running, and torque monitoring; managed pressure drilling services; and drilling-bit steering systems and rig instrumentation software. The company also offers drilling systems comprising ROCKit, a directional steering control system; SmartNAV, a collaborative guidance and advisory platform; SmartSLIDE, a directional steering control system; and RigCLOUD, a digital infrastructure that integrate applications to deliver real-time insight into operations across the rig fleet. In addition, it operates a fleet of land-based drilling rigs and marketed platforms rigs; manufactures and sells top drives, catwalks, wrenches, drawworks, and other drilling related equipment, such as robotic systems and downhole tools; and provides aftermarket sales and services for the installed base of its equipment. Nabors Industries Ltd. was founded in 1952 and is based in Hamilton, Bermuda.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 3,005,981 | 2,930,126 | 3,184,693 |
| Gross Profit | 1,215,601 | 554,307 | 621,083 |
| EBITDA | 915,155 | 813,232 | 1,402,128 |
| Operating Income | 915,157 | 247,927 | 263,433 |
| Net Income | -11,784 | -176,084 | 248,339 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 5,277,965 | 4,504,301 | 4,789,657 |
| Total Liabilities | 3,996,880 | 3,297,963 | 3,352,014 |
| Total Stockholders Equity | 326,614 | 134,996 | 590,727 |
| Total Debt | 3,146,563 | 2,511,985 | 377,492 |
| Cash and Cash Equivalents | 1,057,487 | 389,652 | 940,707 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 637,862 | 581,432 | 693,266 |
| Capital Expenditure | -540,851 | -567,919 | -715,948 |
| Free Cash Flow | 97,011 | 13,513 | -22,682 |
| Net Income | 49,904 | -87,987 | 248,339 |
| Net Change in Cash | 637,042 | -651,222 | 219,884 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 3,667,619.389 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 3,982,166.512 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 3,816,857.580 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 2,168,924.337 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 2,354,938.434 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 2,257,179.499 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 94,328.219 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 100,326.429 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 97,327.324 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 332,930.070 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 361,483.250 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 346,477.245 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 6.740 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 6.960 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 6.540 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 4 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 1 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Adjusted EBITDA Performance: Nabors Industries reported an adjusted EBITDA of $248 million in Q2 2025, reflecting strong operational efficiency and profitability in core business segments, as highlighted in the earnings call transcript.
- Positive Free Cash Flow: The company's cash flow statements indicate consistent free cash flow generation, supported by effective cost management and operational cash flow, providing financial flexibility for reinvestment or debt reduction.
- Strategic Focus on Innovation: Insights from the earnings call suggest ongoing investments in technology and operational improvements, positioning Nabors as a competitive player in the industry through enhanced drilling solutions.
- Strong Gross Profit Margin: Key metrics show a solid gross profit margin (TTM), indicating the company's ability to maintain profitability despite market fluctuations, a critical strength in the energy sector.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates NBR intrinsic value between $21.61 – $22.99 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about NBR valuation
Is Nabors Industries Ltd. (NBR) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Nabors Industries Ltd. (NBR) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is NBR a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether NBR trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is NBR’s P/E ratio?
You can see NBR’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for NBR?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is NBR a good long-term investment?
Whether NBR fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
NBR
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Daily snapshot
-0.26
Trading Metrics:
| Open: | 86.27 | Previous Close: | 87.72 | |
| Day Low: | 84.81 | Day High: | 87.49 | |
| Year Low: | 34.7 | Year High: | 112.9 | |
| Price Avg 50: | 84.84 | Price Avg 200: | 77.47 | |
| Volume: | 164078 | Average Volume: | 295014 |
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Login — it's freeNBR full analysis
Welcome to MARKETSNAP’s SWOT analysis for Nabors Industries, also known by its ticker NBR. If you’re a long-term investor looking to dig into the potential of this player in the energy sector, you’re in the right place. Today, we’re breaking down the strengths, weaknesses, opportunities, and threats for Nabors Industries, a company that might not be a household name for everyone but plays a significant role in the oil and gas drilling space. Let’s dive in with a quick overview,…
