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Earnings transcript
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NBR
Nabors Industries Ltd.
$79.99
0.65
(0.82%)
| Exchange: | NYSE |
| Market Cap: | 1.174B |
| Shares Outstanding: | 326882 |
About The Company
| Sector: | Energy | |||||
| Industry: | Oil & Gas Drilling | |||||
| CEO: | Anthony G. Petrello | |||||
| Full Time Employees: | 12400 | |||||
| Address: |
| |||||
| Website: | https://www.nabors.com |
Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells. The company operates through five segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies. It provides tubular running, wellbore placement, directional drilling, measurement-while-drilling (MWD), equipment manufacturing, and rig instrumentation services; and logging-while-drilling systems and services, as well as drilling optimization software. The company also offers REVit, an automated real time stick-slip mitigation system; ROCKit, a directional steering control system; SmartNAV, a collaborative guidance and advisory platform; SmartSLIDE, an advanced directional steering control system; and RigCLOUD, which provides the tools and infrastructure to integrate applications to deliver real-time insight into operations across the rig fleet. In addition, it 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. As of December 31, 2021, the company marketed approximately 301 rigs for land-based drilling operations in the United States, Canada, and in 20 other countries worldwide; and 29 rigs for offshore platform drilling operations in the United States and internationally. 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 | 912,667 |
| 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 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 3,663,518.758 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 3,663,518.759 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 3,663,518.759 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 1,231,520.403 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 1,231,520.404 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 1,231,520.404 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 93,106.895 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 98,203.672 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 95,881.975 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 332,557.833 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 332,557.833 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 332,557.833 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 6.650 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 6.810 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 6.460 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 3 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full 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.
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
0.82
Trading Metrics:
| Open: | 81.13 | Previous Close: | 79.34 | |
| Day Low: | 78.09 | Day High: | 84.47 | |
| Year Low: | 23.27 | Year High: | 92.38 | |
| Price Avg 50: | 75.69 | Price Avg 200: | 51.28 | |
| Volume: | 481464 | Average Volume: | 376769 |
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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,…
