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Nabors reports Q1 2026 revenue of $784M, net loss of $15M, and plans rig growth amid debt reduction.

Company Fundamentals
28 Apr 2026
PRNewsWire
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Neutral
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Nabors Industries reported first-quarter 2026 operating revenues of $784 million with a net loss of $15 million, down from a net income of $10 million in the prior quarter. The company increased its rig count in the U.S. Lower 48 and internationally, while continuing to reduce debt, lowering total debt to $2.1 billion. Nabors expects further rig growth and improved free cash flow in 2026, supported by strong customer demand and contract visibility, particularly in the Lower 48 market and international drilling segments.

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