HAMILTON, Bermuda, Oct. 22, 2024 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE:NBR) today reported third quarter 2024 operating revenues of $732 million, compared to operating revenues of $735 million in the second quarter. The net loss attributable to Nabors shareholders for the quarter was $56 million, compared to a net loss of $32 million in the second quarter. This equates to a loss of $6.86 per diluted share, compared to a loss per diluted share of $4.29 in the second quarter. The third quarter included net charges totaling approximately $25 million, primarily reflecting the redemption premium on the 2026 notes and market adjustments on investments. Third quar

HAMILTON, Bermuda, Oct. 21, 2024 /PRNewswire/ -- Nabors Industries Ltd. (NYSE:NBR) invites you to join Anthony G. Petrello, Chairman, President and Chief Executive Officer, and William Restrepo, Chief Financial Officer, Wednesday, October 23, 2024 at 11:00 a.m. Central Time for a discussion of operating results for the third quarter ended September 30, 2024.  Nabors will release earnings after the market closes on October 22, 2024. Date: October 23, 2024 Time: 11:00 a.m. CT (12:00 p.m. ET) Dial-in-number(s): US Toll Free: (888) 317-6003 Canada Toll Free: (866) 284-3684 International: (412) 317-6061 Participant Elite Entry Number: 4087357 Please call ten to fifteen minutes ahead of time to e

HAMILTON, Bermuda, Oct. 15, 2024 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors") (NYSE:NBR) and Parker Wellbore ("Parker") today announced a definitive agreement under which Nabors will acquire all of Parker's issued and outstanding common shares in exchange for 4.8 million shares of Nabors common stock, subject to a share price collar. Parker provides drilling services across global energy markets. Through its Quail Tools subsidiary, Parker is the leading rental provider of high-performance downhole tubulars in the U.S. market. Internationally, Parker provides tubular rentals and repair services, with state-of-the-art facilities located in key geographies. Parker offers differentiated, c

HAMILTON, Bermuda, Sept. 12, 2024 /PRNewswire/ -- Nabors Industries Ltd. (NYSE:NBR) invites you to join Anthony G. Petrello, Chairman, President and Chief Executive Officer, and William Restrepo, Chief Financial Officer, Wednesday, October 23, 2024 at 2:00 p.m. Central Time for a discussion of operating results for the third quarter ended September 30, 2024.  Nabors will release earnings after the market closes on October 22, 2024. Date: October 23, 2024 Time: 2:00 p.m. CT (3:00 p.m. ET) Dial-in-number(s): US Toll Free: (888) 317-6003 Canada Toll Free: (866) 284-3684 International: (412) 317-6061 Participant Elite Entry Number: 4087357 Please call ten to fifteen minutes ahead of time to ens

HAMILTON, Bermuda, Sept. 10, 2024 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or "the Company") (NYSE:NBR) today announced that William Restrepo, Chief Financial Officer, plans to participate in Pareto Securities' 31st Annual Energy Conference on September 11-12, 2024. Mr. Restrepo will deliver a presentation on Nabors on September 11. The investor slide deck to be used for the presentation and in meetings with investors is available in the Investor Relations section of Nabors' website, under Events & Presentations. About Nabors Industries Nabors Industries (NYSE:NBR) is a leading provider of advanced technology for the energy industry. With presence in more than 20 countries, Nabors h

HAMILTON, Bermuda, Sept. 3, 2024 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors") (NYSE:NBR) today announced that William Restrepo, Chief Financial Officer, plans to participate in Barclays 38th Annual Energy-Power Conference on September 3-4, 2024. Mr. Restrepo will deliver a presentation on Nabors and participate in a panel discussion on land drilling, both on September 4. The investor slide deck to be used for the presentation and in meetings with investors is available in the Investor Relations section of Nabors website, under Events & Presentations. About Nabors Industries Nabors Industries (NYSE:NBR) is a leading provider of advanced technology for the energy industry. With presence

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. The net loss attributable to Nabors shareholders for the quarter was $32 million, compared to a net loss of $34 million in the first quarter. This equates to a loss of $4.29 per diluted share, compared to a loss per diluted share of $4.54 in the first quarter. Second quarter adjusted EBITDA was $218 million, compared to $221 million in the previous quarter. Highlights Nabors Lower 48 rigs continued to set the standard for performance on challen

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 "Notes") in the offering it announced earlier today. The Notes will bear interest at an annual rate of 8.875% and are being offered to investors at an initial price of 100% of par. The Notes will be fully and unconditionally guaranteed by Nabors and each of the subsidiaries, other than NII, that guarantee Nabors' 7.50% senior guaranteed notes due 2028. The sale of the Notes to the initial purchasers is expected to c

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 (the "Notes"). The Notes will be fully and unconditionally guaranteed by Nabors and each of the subsidiaries, other than NII, that guarantee Nabors' 7.50% senior guaranteed notes due 2028. The Notes will be senior unsecured obligations of NII and will rank pari passu in right of payment with all of NII's existing and future senior obligations, including Nabors' 7.50% senior guaranteed notes due 2028. The

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 preliminary results for the second quarter continued to highlight the ongoing international expansion and relatively stable activity and pricing in its U.S. markets. Revenue and EBITDA estimates met the Company's expectations with adjusted free cash flow somewhat stronger than anticipated. The Company expects that for the three months ended June 30, 2024: (i) operating revenue to be approximately $735 million, (ii) income (loss) before income taxes of between ($5) million and $5

HAMILTON, Bermuda, Oct. 22, 2024 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE:NBR) today reported third quarter 2024 operating revenues of $732 million, compared to operating revenues of $735 million in the second quarter. The net loss attributable to Nabors shareholders for the quarter was $56 million, compared to a net loss of $32 million in the second quarter. This equates to a loss of $6.86 per diluted share, compared to a loss per diluted share of $4.29 in the second quarter. The third quarter included net charges totaling approximately $25 million, primarily reflecting the redemption premium on the 2026 notes and market adjustments on investments. Third quar

HAMILTON, Bermuda, Oct. 21, 2024 /PRNewswire/ -- Nabors Industries Ltd. (NYSE:NBR) invites you to join Anthony G. Petrello, Chairman, President and Chief Executive Officer, and William Restrepo, Chief Financial Officer, Wednesday, October 23, 2024 at 11:00 a.m. Central Time for a discussion of operating results for the third quarter ended September 30, 2024.  Nabors will release earnings after the market closes on October 22, 2024. Date: October 23, 2024 Time: 11:00 a.m. CT (12:00 p.m. ET) Dial-in-number(s): US Toll Free: (888) 317-6003 Canada Toll Free: (866) 284-3684 International: (412) 317-6061 Participant Elite Entry Number: 4087357 Please call ten to fifteen minutes ahead of time to e

HAMILTON, Bermuda, Oct. 15, 2024 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors") (NYSE:NBR) and Parker Wellbore ("Parker") today announced a definitive agreement under which Nabors will acquire all of Parker's issued and outstanding common shares in exchange for 4.8 million shares of Nabors common stock, subject to a share price collar. Parker provides drilling services across global energy markets. Through its Quail Tools subsidiary, Parker is the leading rental provider of high-performance downhole tubulars in the U.S. market. Internationally, Parker provides tubular rentals and repair services, with state-of-the-art facilities located in key geographies. Parker offers differentiated, c

HAMILTON, Bermuda, Sept. 12, 2024 /PRNewswire/ -- Nabors Industries Ltd. (NYSE:NBR) invites you to join Anthony G. Petrello, Chairman, President and Chief Executive Officer, and William Restrepo, Chief Financial Officer, Wednesday, October 23, 2024 at 2:00 p.m. Central Time for a discussion of operating results for the third quarter ended September 30, 2024.  Nabors will release earnings after the market closes on October 22, 2024. Date: October 23, 2024 Time: 2:00 p.m. CT (3:00 p.m. ET) Dial-in-number(s): US Toll Free: (888) 317-6003 Canada Toll Free: (866) 284-3684 International: (412) 317-6061 Participant Elite Entry Number: 4087357 Please call ten to fifteen minutes ahead of time to ens

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. The net loss attributable to Nabors shareholders for the quarter was $32 million, compared to a net loss of $34 million in the first quarter. This equates to a loss of $4.29 per diluted share, compared to a loss per diluted share of $4.54 in the first quarter. Second quarter adjusted EBITDA was $218 million, compared to $221 million in the previous quarter. Highlights Nabors Lower 48 rigs continued to set the standard for performance on challen

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 preliminary results for the second quarter continued to highlight the ongoing international expansion and relatively stable activity and pricing in its U.S. markets. Revenue and EBITDA estimates met the Company's expectations with adjusted free cash flow somewhat stronger than anticipated. The Company expects that for the three months ended June 30, 2024: (i) operating revenue to be approximately $735 million, (ii) income (loss) before income taxes of between ($5) million and $5

HAMILTON, Bermuda, June 26, 2024 /PRNewswire/ -- Nabors Industries Ltd. (NYSE:NBR) invites you to join Anthony G. Petrello, Chairman, President and Chief Executive Officer, and William Restrepo, Chief Financial Officer, Wednesday, July 24, 2024 at 10:00 a.m. Central Time for a discussion of operating results for the second quarter ended June 30, 2024.  Nabors will release earnings after the market closes on July 23, 2024. Date: July 24, 2024 Time: 10:00 a.m. CT (11:00 a.m. ET) Dial-in-number(s): US Toll Free: (888) 317-6003 Canada Toll Free: (866) 284-3684 International: (412) 317-6061 Participant Elite Entry Number: 0574690 Please call ten to fifteen minutes ahead of time to ensure proper

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. (the "Company") attended the J.P. Morgan Energy, Power & Renewables Conference, where he participated in a "fireside chat" and one-on-one meetings with industry analysts and investors.  Mr. Restrepo mentioned that in the International Drilling segment and in the Lower 48, a portion of the Company's U.S. Drilling segment, activity and financial results quarter to date support the outlook previously issued by the Company. He also noted that prospects for the Company's Drilli

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. The net loss attributable to Nabors shareholders for the quarter was $34 million, compared to a net loss of $17 million in the fourth quarter. This equates to a loss of $4.54 per diluted share, compared to a loss per diluted share of $2.70 in the fourth quarter. The first quarter results included a gain, related to mark-to-market treatment of Nabors warrants, of $6 million, or $0.62 per diluted share, compared to a gain of $10 million,

HAMILTON, Bermuda, April 3, 2024 /PRNewswire/ -- Nabors Industries Ltd. (NYSE:NBR) invites you to join Anthony G. Petrello, Chairman, President and Chief Executive Officer, and William Restrepo, Chief Financial Officer, Thursday, April 25, 2024 at 12:00 p.m. Central Time for a discussion of operating results for the first quarter ended March 31, 2024.  Nabors will release earnings after the market closes on April 24, 2024. Date: April 25, 2024 Time: 12:00 p.m. CT (1:00 p.m. ET) Dial-in-number(s): US Toll Free: (888) 317-6003 Canada Toll Free: (866) 284-3684 International: (412) 317-6061 Participant Elite Entry Number: 0987663 Please call ten to fifteen minutes ahead of time to ensure proper

On December 19, 2023, Vast's ordinary shares expected to begin trading on Nasdaq under the ticker symbol "VSTE" Vast Renewables Limited ("Vast" or the "Company"), a renewable energy company specialising in concentrated solar thermal power ("CSP") energy systems that generate zero-carbon, utility-scale electricity and industrial process heat, today announced the completion of its business combination (the "Business Combination") with Nabors Energy Transition Corp. ("NETC"), an affiliate of Nabors Industries Ltd. ("Nabors") (NYSE:NBR). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231218549845/en/ In connection with the closing

U.S. stocks were lower, with the Dow Jones index falling around 350 points on Wednesday. Shares of AT&T Inc. (NYSE:T) rose during Wednesday's session following second-quarter earnings. AT&T reported fiscal second-quarter 2024 operating revenues of $29.8 billion, down 0.4% year over year and missing the analyst consensus estimate of $29.9 billion. Adjusted EPS of 57 cents is in line with the analyst consensus estimate, according to data from Benzinga Pro. AT&T shares gained 3.1% to $18.78 on Wednesday. Here are some other big stocks recording gains in today’s session. PROG Holdings, Inc. (NYSE:PRG) shares jumped 20.4% to $41.71 after the company reported better-than-expected s

Nabors Industries (NYSE:NBR) reported quarterly losses of $(4.29) per share. The company reported quarterly sales of $742.979 million which beat the analyst consensus estimate of $739.250 million by 0.50 percent. This is a 4.60 percent decrease over sales of $778.810 million the same period last year.

Nabors intends to use the net proceeds from this offering, along with cash on hand, to redeem all of its 7.25% senior guaranteed notes due 2026. Any excess proceeds will be used for general corporate purposes, including, potentially, repayment of other outstanding indebtedness. 

Citigroup analyst Scott Gruber maintains Nabors Industries (NYSE:NBR) with a Buy and lowers the price target from $95 to $91.

The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in this sector, having an RSI near or below 30. Nabors Industries Ltd (NYSE:NBR) On June 17, Nabors announced amendment and restatement of $475 million credit facility. The compa

Vista Energy (NYSE:VIST) and Nabors Industries (NYSE:NBR) announced today the official signing of the contract to add a third drilling rig, aiming to accelerate Vista´s development of Vaca Muerta in southern Argentina.The signing occurred at Nabors' offices in Houston, with the participation of Juan Garoby, Co-founder and COO of Vista, Pablo Vera Pinto, Co-founder and CFO of Vista, Anthony Petrello, Chairman, CEO and President of Nabors, and William Restrepo, CFO of Nabors.Juan Garoby, COO of Vista said: "The addition of a third drilling rig will provide us flexibility to accelerate our activity plan in Vaca Muerta. We forecast to put into production between four to eight wells by year-end,