Nabors Industries Projects $100M-$110M Adjusted Free Cash Flow for 2026
Nabors Industries Ltd. (NBR) reported strong operational performance in Q3, driven by an adjusted EBITDA of $246 million which exceeded management's expectations. CEO Anthony Petrello noted that the company has successfully increased free cash flow and continued its trend of deleveraging the balance sheet. Looking ahead to 2026, Nabors expects adjusted free cash flow to fall between $100 million and $110 million. This guidance comes despite operational challenges involving suspensions in Saudi Arabia and follows significant milestones such as the signing of the fifth tranche for the SANAD agreement.
Tickers: $NBR
Topics: debt reduction earnings report EBITDA free cash flow
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