Nabors Industries Ltd. (N:NBR)
Business Focus: Oil & Gas Drilling
| Sector: Energy | Industry: Oil & Gas Drilling |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | Crown House, 4 Par-La-Ville Road HAMILTON HM 08 |
| Tel: | N/A |
| Website: | https://www.nabors.com |
| IR: | See website |
| Key People | ||
| Anthony G. Petrello Executive Chairman of the Board, President, Chief Executive Officer | William J. Restrepo Chief Financial Officer | Mark D. Andrews Corporate Secretary |
| Business Overview |
| Nabors Industries Ltd. owns and operates a land-based drilling rig fleet. The Company is a provider of offshore platform drilling rigs in the United States and international markets. The Company operates through five segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions and Rig Technologies. Its services include tubular running services, wellbore placement solutions, directional drilling, measurement-while-drilling (MWD), logging-while-drilling (LWD) systems and services, equipment manufacturing, rig instrumentation and optimization software. Its United States fleet consists of approximately 171 alternating current (AC) rigs and 11 silicon-controlled rectifier (SCR) land rigs. Its international fleet consists of approximately 117 land-based drilling rigs located in approximately 14 countries. Through its Drilling Solutions, the Company offers specialized drilling technologies, such as patented steering systems and rig instrumentation software systems. |
| Financial Overview |
| For the three months ended 31 March 2024, Nabors Industries Ltd. revenues decreased 6% to $733.7M. Net loss applicable to common stockholders totaled $41.6M vs. income of $40M. Revenues reflect U.S segment decrease of 23% to $260.8M, Rig Technologies segment decrease of 14% to $50.2M, US Drilling segment decrease of 13% to $11.2M, Lower 48 segment decrease of 23% to $300.9M, Europe, Africa & CIS segment decrease of 22% to $15.5M, U.S. |
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