See more : Electro Optic Systems Holdings Limited (EOPSF) 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 |
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HAMILTON, Bermuda , June 17, 2024 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors") (NYSE: NBR) closed, on June 17, 2024, an amendment and restatement of its secured credit facility.
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Nabors Industries Ltd. (NYSE:NBR ) Q1 2024 Earnings Conference Call April 25, 2024 1:00 PM ET Company Participants William Conroy - Vice President- Corporate Development & Investor Relations Tony Petrello - Chairman, President & Chief Executive Officer William Restrepo -...
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Nabors Announces First Quarter 2024 Results
HAMILTON, Bermuda , April 24, 2024 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) today reported first quarter 2024 operating revenues of $734 million, compared to operating revenues of $726 million in the fourth quarter of 2023.
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Nabors Industries Ltd. 1st Quarter 2024 Earnings Conference Call Invitation
HAMILTON, Bermuda , April 3, 2024 /PRNewswire/ -- Nabors Industries Ltd. (NYSE: NBR) invites you to join Anthony G.
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