See more : Sky Century Investment, Inc. (SKYI) Income Statement Analysis – Financial Results
Complete financial analysis of Nabors Industries Ltd. (NBR) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Nabors Industries Ltd., a leading company in the Oil & Gas Drilling industry within the Energy sector.
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Nabors Industries Ltd. (NBR)
About Nabors Industries Ltd.
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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.01B | 2.65B | 2.02B | 2.13B | 3.04B | 3.06B | 2.56B | 2.23B | 3.86B | 6.80B | 6.15B | 6.99B | 6.06B | 4.22B | 3.50B | 5.30B | 4.94B | 4.94B | 3.55B | 2.45B | 1.92B | 1.52B | 2.12B | 1.33B | 642.30M | 968.20M | 1.03B | 719.70M | 572.80M | 422.60M | 352.00M | 286.30M | 240.10M | 139.00M | 74.50M | 56.10M | 28.60M | 69.20M | 91.60M |
| Cost of Revenue | 2.44B | 2.33B | 1.98B | 2.19B | 2.81B | 2.84B | 2.56B | 2.22B | 3.34B | 5.65B | 5.07B | 5.54B | 3.78B | 2.42B | 2.01B | 3.11B | 2.76B | 2.57B | 2.00B | 1.57B | 1.28B | 973.91M | 1.30B | 888.32M | 418.70M | 623.80M | 737.80M | 539.70M | 434.10M | 325.10M | 261.20M | 195.10M | 170.40M | 99.70M | 56.60M | 46.00M | 26.70M | 51.20M | 70.20M |
| Gross Profit | 570.31M | 322.69M | 37.27M | -52.73M | 237.96M | 213.78M | 3.27M | 11.91M | 522.54M | 1.15B | 1.08B | 1.45B | 2.28B | 1.79B | 1.49B | 2.19B | 2.18B | 2.37B | 1.55B | 875.50M | 645.89M | 545.10M | 824.22M | 438.80M | 223.60M | 344.40M | 291.50M | 180.00M | 138.70M | 97.50M | 90.80M | 91.20M | 69.70M | 39.30M | 17.90M | 10.10M | 1.90M | 18.00M | 21.40M |
| Gross Profit Ratio | 18.97% | 12.16% | 1.85% | -2.47% | 7.82% | 6.99% | 0.13% | 0.53% | 13.52% | 16.96% | 17.61% | 20.76% | 37.69% | 42.51% | 42.56% | 41.36% | 44.04% | 48.01% | 43.75% | 35.76% | 33.59% | 35.89% | 38.86% | 33.06% | 34.81% | 35.57% | 28.32% | 25.01% | 24.21% | 23.07% | 25.80% | 31.85% | 29.03% | 28.27% | 24.03% | 18.00% | 6.64% | 26.01% | 23.36% |
| Research & Development | 56.30M | 49.94M | 35.15M | 33.56M | 50.36M | 56.15M | 51.07M | 33.58M | 41.25M | 49.70M | 45.44M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 244.15M | 228.43M | 213.56M | 203.52M | 258.73M | 265.82M | 251.18M | 227.64M | 324.33M | 549.73M | 525.33M | 532.57M | 489.89M | 346.66M | 429.66M | 479.98M | 436.28M | 420.85M | 249.97M | 195.39M | 165.40M | 141.90M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 244.15M | 228.43M | 213.56M | 203.52M | 258.73M | 265.82M | 251.18M | 227.64M | 324.33M | 549.73M | 525.33M | 532.57M | 489.89M | 346.66M | 429.66M | 479.98M | 436.28M | 420.85M | 249.97M | 195.39M | 165.40M | 141.90M | 135.50M | 106.50M | 65.30M | 77.00M | 70.40M | 56.90M | 49.10M | 71.20M | 40.50M | 42.70M | 34.40M | 22.10M | 11.30M | 7.90M | 5.90M | 7.60M | 10.30M |
| Other Expenses | 0.00 | -127.10M | -40.00M | -28.57M | -33.22M | -29.53M | -14.88M | -542.67M | 39.17M | -2.43M | -6.45M | -2.09M | 924.09M | 829.26M | 692.46M | 658.05M | 539.91M | 409.71M | 338.53M | 300.40M | 235.13M | 195.37M | 189.90M | 152.41M | 99.80M | 84.90M | 66.40M | 46.10M | 31.00M | 19.90M | 18.70M | 14.40M | 8.50M | 4.50M | 3.30M | 3.20M | 5.70M | 9.90M | 12.60M |
| Operating Expenses | 300.44M | 278.37M | 248.71M | 237.08M | 309.09M | 321.97M | 302.25M | 261.22M | 365.58M | 549.73M | 525.33M | 532.57M | 1.41B | 1.18B | 1.12B | 1.14B | 976.19M | 830.56M | 588.51M | 495.79M | 400.53M | 337.26M | 325.39M | 258.92M | 165.10M | 161.90M | 136.80M | 103.00M | 80.10M | 91.10M | 59.20M | 57.10M | 42.90M | 26.60M | 14.60M | 11.10M | 11.60M | 17.50M | 22.90M |
| Cost & Expenses | 2.74B | 2.61B | 2.23B | 2.42B | 3.11B | 3.17B | 2.86B | 2.48B | 3.71B | 6.20B | 5.59B | 6.07B | 5.19B | 3.60B | 3.13B | 4.25B | 3.74B | 3.40B | 2.59B | 2.07B | 1.68B | 1.31B | 1.62B | 1.15B | 583.80M | 785.70M | 874.60M | 642.70M | 514.20M | 416.20M | 320.40M | 252.20M | 213.30M | 126.30M | 71.20M | 57.10M | 38.30M | 68.70M | 93.10M |
| Interest Income | 45.90M | 15.47M | 1.53M | 4.71M | 8.42M | 4.96M | 2.23M | 1.22M | 0.00 | 0.00 | 0.00 | 191.77M | 0.00 | 332.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 185.29M | 177.90M | 171.48M | 206.27M | 204.31M | 227.12M | 222.89M | 185.36M | 181.93M | 177.95M | 223.42M | 0.00 | 256.63M | 273.04M | 264.95M | 416.02M | 101.09M | 48.91M | 93.71M | 39.25M | 65.83M | 63.36M | 0.00 | 0.00 | 4.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 152.10M | 16.10M | 37.60M |
| Depreciation & Amortization | 645.29M | 665.07M | 693.38M | 853.70M | 876.09M | 866.87M | 842.94M | 871.63M | 970.46M | 1.15B | 1.09B | 1.06B | 924.09M | 764.25M | 668.42M | 668.24M | 555.40M | 420.79M | 369.58M | 326.71M | 266.26M | 226.21M | 221.55M | 152.41M | 99.80M | 84.90M | 66.40M | 46.10M | 31.00M | 19.90M | 18.70M | 14.40M | 8.50M | 4.50M | 3.30M | 3.20M | 5.70M | 9.90M | 12.60M |
| EBITDA | 959.70M | 597.29M | 376.77M | 354.41M | 491.48M | 575.20M | 485.75M | -141.08M | 724.85M | 718.43M | 1.42B | 1.58B | 1.67B | 1.15B | 1.05B | 1.52B | 1.83B | 1.94B | 1.34B | 701.80M | 506.72M | 430.34M | 707.05M | 270.69M | 149.40M | 234.30M | 177.00M | 106.70M | 81.90M | 21.20M | 37.50M | 41.60M | 28.00M | 9.50M | 3.60M | 2.20M | -4.00M | 16.20M | 11.10M |
| EBITDA Ratio | 31.93% | -3.12% | -12.46% | -14.92% | -3.43% | -4.50% | -12.24% | -45.51% | 3.13% | 8.79% | 9.07% | 8.83% | 30.55% | 33.17% | 29.93% | 35.56% | 36.98% | 39.26% | 37.66% | 28.67% | 26.35% | 28.33% | 33.33% | 20.40% | 23.26% | 24.20% | 17.20% | 14.83% | 14.30% | 5.02% | 10.65% | 14.53% | 11.66% | 6.83% | 4.83% | -3.39% | 227.62% | 23.41% | 28.60% |
| Operating Income | 269.86M | -747.85M | -944.82M | -1.17B | -980.45M | -121.50M | -291.95M | -560.04M | -33.64M | 201.61M | 492.73M | 476.09M | 927.05M | 616.02M | 368.96M | 1.22B | 1.27B | 1.52B | 967.66M | 375.09M | 240.46M | 204.13M | 485.50M | 118.27M | 49.60M | 149.40M | 110.60M | 60.60M | 50.90M | 1.30M | 18.80M | 27.20M | 19.50M | 5.00M | 300.00K | -5.10M | 59.40M | 6.30M | 13.60M |
| Operating Income Ratio | 8.98% | -28.18% | -46.83% | -54.92% | -32.22% | -3.97% | -11.39% | -25.14% | -0.87% | 2.96% | 8.01% | 6.81% | 15.30% | 14.61% | 10.53% | 22.96% | 25.73% | 30.75% | 27.25% | 15.32% | 12.51% | 13.44% | 22.89% | 8.91% | 7.72% | 15.43% | 10.75% | 8.42% | 8.89% | 0.31% | 5.34% | 9.50% | 8.12% | 3.60% | 0.40% | -9.09% | 207.69% | 9.10% | 14.85% |
| Total Other Income/Expenses | -140.74M | 61.54M | -276.23M | 57.29M | -509.97M | 79.27M | -281.10M | -638.04M | -98.04M | 64.65M | -132.90M | -494.72M | -183.20M | -529.02M | -149.23M | -372.84M | -64.60M | -70.70M | -186.00K | -43.88M | -71.89M | -67.07M | -60.72M | -35.37M | -9.10M | 50.60M | 71.80M | 21.00M | 7.70M | -2.10M | 17.70M | 8.40M | 10.40M | 12.00M | 0.00 | -4.10M | -83.00M | -10.30M | -16.30M |
| Income Before Tax | 129.12M | -245.68M | -488.09M | -705.57M | -588.92M | -518.79M | -580.08M | -1.20B | -427.54M | -604.62M | 106.16M | 274.68M | 487.77M | 82.05M | -235.12M | 801.62M | 1.14B | 1.47B | 873.95M | 335.84M | 174.62M | 140.77M | 542.28M | 226.71M | 45.60M | 200.00M | 182.40M | 81.60M | 58.60M | 4.30M | 36.50M | 35.60M | 29.90M | 17.00M | 3.30M | -5.10M | -92.70M | -9.80M | -17.80M |
| Income Before Tax Ratio | 4.30% | -9.26% | -24.19% | -33.06% | -19.35% | -16.97% | -22.62% | -53.78% | -11.06% | -8.89% | 1.73% | 3.93% | 8.05% | 1.95% | -6.71% | 15.11% | 22.98% | 29.76% | 24.61% | 13.72% | 9.08% | 9.27% | 25.57% | 17.08% | 7.10% | 20.66% | 17.72% | 11.34% | 10.23% | 1.02% | 10.37% | 12.43% | 12.45% | 12.23% | 4.43% | -9.09% | -324.13% | -14.16% | -19.43% |
| Income Tax Expense | 79.22M | 61.54M | 55.62M | 57.29M | 91.58M | 79.27M | -82.97M | -186.83M | -98.04M | 62.67M | -55.18M | 32.63M | 142.61M | -24.81M | -149.23M | 250.45M | 239.66M | 450.18M | 225.26M | 33.38M | -17.61M | 19.29M | 194.49M | 91.23M | 17.90M | 75.00M | 67.60M | 11.10M | 7.50M | 3.60M | 2.20M | 1.80M | 2.80M | 2.40M | -5.20M | -800.00K | -7.10M | -200.00K | -1.20M |
| Net Income | -50.25M | -307.22M | -543.71M | -762.85M | -680.50M | -640.95M | -546.81M | -1.03B | -372.68M | -668.68M | 142.98M | 167.03M | 243.68M | 94.70M | -85.55M | 551.17M | 930.69M | 1.02B | 648.70M | 302.46M | 192.23M | 121.49M | 357.45M | 137.36M | 27.70M | 125.00M | 114.80M | 70.50M | 51.10M | 700.00K | 34.30M | 33.80M | 27.10M | 14.60M | 5.50M | -4.30M | -85.60M | -9.60M | -22.80M |
| Net Income Ratio | -1.67% | -11.58% | -26.95% | -35.75% | -22.36% | -20.96% | -21.32% | -46.22% | -9.64% | -9.83% | 2.32% | 2.39% | 4.02% | 2.25% | -2.44% | 10.39% | 18.84% | 20.65% | 18.27% | 12.35% | 10.00% | 8.00% | 16.85% | 10.35% | 4.31% | 12.91% | 11.15% | 9.80% | 8.92% | 0.17% | 9.74% | 11.81% | 11.29% | 10.50% | 7.38% | -7.66% | -299.30% | -13.87% | -24.89% |
| EPS | -5.49 | -34.53 | -71.49 | -108.07 | -96.77 | -95.84 | -97.63 | -186.44 | -65.96 | -115.19 | 23.50 | 28.50 | 42.50 | 16.50 | -15.10 | 84.50 | 167.00 | 176.00 | 104.00 | 51.00 | 33.00 | 21.25 | 63.43 | 23.34 | 5.06 | 30.82 | 30.00 | 19.00 | 14.50 | 0.25 | 12.50 | 13.00 | 11.00 | 6.75 | 3.00 | -2.57 | -213.75 | -24.00 | -69.75 |
| EPS Diluted | -5.49 | -34.53 | -71.49 | -108.07 | -96.77 | -95.84 | -97.42 | -186.23 | -65.85 | -115.01 | 23.50 | 28.00 | 41.50 | 16.50 | -15.10 | 82.50 | 162.50 | 170.00 | 100.00 | 48.00 | 31.00 | 20.25 | 56.00 | 22.50 | 5.06 | 29.00 | 27.00 | 18.75 | 14.25 | 0.25 | 12.50 | 13.00 | 11.00 | 6.75 | 3.00 | -2.57 | -213.75 | -24.00 | -69.75 |
| Weighted Avg Shares Out | 9.16M | 8.90M | 7.61M | 7.06M | 7.03M | 6.69M | 5.60M | 5.52M | 5.65M | 5.81M | 5.88M | 5.80M | 5.74M | 5.70M | 5.67M | 5.63M | 5.58M | 5.80M | 6.24M | 5.96M | 5.86M | 5.75M | 5.82M | 5.75M | 4.21M | 4.04M | 3.83M | 3.71M | 3.52M | 2.80M | 2.74M | 2.60M | 2.46M | 2.16M | 1.83M | 1.67M | 400.47K | 400.00K | 326.88K |
| Weighted Avg Shares Out (Dil) | 9.16M | 8.90M | 7.61M | 7.06M | 7.03M | 6.69M | 5.61M | 5.53M | 5.66M | 5.81M | 5.93M | 5.85M | 5.85M | 5.80M | 5.67M | 5.76M | 5.73M | 6.00M | 6.49M | 6.56M | 6.28M | 6.00M | 6.75M | 6.10M | 4.82M | 4.50M | 4.25M | 3.76M | 3.59M | 2.80M | 2.74M | 2.60M | 2.46M | 2.16M | 1.83M | 1.67M | 400.47K | 400.00K | 326.88K |
Nabors Industries (NBR) Reports Q2 Loss, Misses Revenue Estimates
Nabors Industries (NBR) came out with a quarterly loss of $4.29 per share versus the Zacks Consensus Estimate of a loss of $1.77. This compares to loss of $2.26 per share a year ago.
Nabors Announces Second Quarter 2024 Results
HAMILTON, Bermuda , July 23, 2024 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) today reported second quarter 2024 operating revenues of $735 million, compared to operating revenues of $734 million in the first quarter.
Nabors Prices $550 Million Senior Guaranteed Notes Offering
HAMILTON, Bermuda , July 17, 2024 /PRNewswire/ -- Nabors Industries Ltd. (NYSE: NBR) ("Nabors") today announced that Nabors Industries, Inc. ("NII"), its indirect wholly-owned subsidiary, has priced $550 million in aggregate principal amount of senior guaranteed notes due 2031 (the...
3 Oil & Gas Drilling Companies With Optimistic Prospects
Following a careful analysis of the Zacks Oil and Gas - Drilling industry, we advise focusing on companies like SAPMF, SDRL and NBR.
Nabors Announces Offering of Senior Guaranteed Notes
HAMILTON, Bermuda , July 17, 2024 /PRNewswire/ -- Nabors Industries Ltd. (NYSE: NBR) ("Nabors") announced today that Nabors Industries, Inc. ("NII"), its indirect wholly-owned subsidiary, has commenced an offering of $550 million aggregate principal amount of senior guaranteed notes due 2031...
Nabors Announces Preliminary Operating Results for the Quarter Ended June 30, 2024
HAMILTON, Bermuda , July 17, 2024 /PRNewswire/ -- Nabors Industries Ltd. (NYSE: NBR) ("Nabors" or "the Company") announced today certain preliminary operating results for the second quarter ended June 30, 2024.
Nabors (NBR) Moves 8.7% Higher: Will This Strength Last?
Nabors (NBR) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Nabors Industries (NBR) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release
Nabors (NBR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Nabors Industries Ltd. 2nd Quarter 2024 Earnings Conference Call Invitation
HAMILTON, Bermuda , June 26, 2024 /PRNewswire/ -- Nabors Industries Ltd. (NYSE: NBR) invites you to join Anthony G.
Nabors Announces Second Quarter 2024 Update
HAMILTON, Bermuda , June 20, 2024 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) today announced that on June 18, 2024, William Restrepo, the Chief Financial Officer of Nabors Industries Ltd.
Source: https://incomestatements.info
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