Nabors Industries Reports Strong Q3 2026 Results with Record International Margins
Nabors Industries (NBR) reported strong third-quarter 2026 financial results, highlighted by an 11% sequential increase in Adjusted EBITDA to $246 million. Revenue rose 7% to $872 million, driven by a larger U.S. fleet and record international margins of $19,060 per day. The company's adjusted free cash flow reached $75 million, significantly exceeding guidance due to improved working capital management. Despite geopolitical tensions in the Middle East leading to five rig suspensions in Saudi Arabia and delivery delays for newbuild equipment, Nabors raised its full-year 2026 EBITDA guidance to approximately $930 million. The company also successfully reduced gross debt by $100 million through note redemptions, lowering annual interest expenses by $9 million. Looking ahead, the company is expanding its footprint with a return to Venezuela in 2027 and maintaining strong market share in Argentina.
Topics: debt reduction drilling margins earnings report EBITDA free cash flow revenue growth
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