Nabors Industries
Provides land and offshore drilling, rig equipment, and automation software for oil and gas wells.
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Profile
Provides land and offshore drilling rigs, drilling services, rig equipment, and automation software for oil and natural gas wells. International drilling carries more operating weight than the US base, while the business depends on upstream customer spending and rig-level execution.
Owns and operates land drilling rigs, offshore platform rigs, and related drilling services for oil and natural gas wells. The portfolio is organized around U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies, with international activity carrying more weight than the U.S. base.
Drilling Solutions adds performance software, tubular running, managed pressure drilling, and rig instrumentation around the rig. Canrig supplies top drives, catwalks, wrenches, drawworks, robotic systems, downhole tools, and aftermarket service.
Execution depends on rig uptime, automation adoption, and customer spending on oil and gas exploration and production. Recent portfolio moves added Parker tubular-running and rig operations-and-maintenance capabilities while Quail Tools was sold, so the current mix stays centered on drilling and rig technology.
Company facts
Key statistics
Year to date +65.5% · Average volume (30d) 245.4K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 20, 2026 | Morgan Stanley | Target | $100 | $110 | ||
| Aug 5, 2026 | Barclays | Reiterate | Equal Weight | $50 | $93 | |
| Jul 30, 2026 | Piper Sandler | Reiterate | Overweight | $84 | $130 | |
| Jul 8, 2026 | Susquehanna | Reiterate | Neutral | $105 | $85 | |
| May 7, 2026 | Barclays | Upgrade | Underweight | Equal Weight |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | −$1.30 | −$2.04 | −56.9% | $809.3M | $814.8M | +0.7% | +4.79% |
| Apr 28, 2026Q1 FY26 | −$2.39 | −$1.54 | +35.6% | $769.3M | $783.5M | +1.8% | +11.28% |
| Feb 11, 2026Q4 FY25 | −$2.93 | $0.17 | +105.8% | $794.2M | $797.5M | +0.4% | −9.88% |
| Oct 28, 2025Q3 FY25 | −$2.37 | −$3.67 | −54.9% | $795.5M | $818.2M | +2.8% | +10.20% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $736.2M | $832.8M | $818.2M | $797.5M | $783.5M | $816.9M | |
| Gross profit | $134.2M | $343.9M | $166.0M | $152.0M | $133.9M | $355.6M | |
| Operating income | $51.7M | $248.5M | $76.0M | $62.4M | $48.6M | $61.1M | |
| Net income | $33.0M | −$30.9M | $258.0M | $2.7M | −$21.8M | −$29.1M | |
| Diluted EPS | $2.18 | −$3.19 | $16.85 | $0.17 | −$1.54 | −$2.04 | |
| Gross margin | 18.2% | 41.3% | 20.3% | 19.1% | 17.1% | 43.5% | |
| Operating margin | 7.0% | 29.8% | 9.3% | 7.8% | 6.2% | 7.5% |
Fiscal years (4-quarter sums)FY21 $2.02B · FY22 $2.65B · FY23 $3.01B · FY24 $2.93B · FY25 $3.18B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $509.8M · Total debt $2.13B · Total assets $4.42B · Shareholders' equity $544.1M
Dividends
No dividends on record.
Ownership
Shares outstanding 14.80M · Float 13.89M · 93.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Varde Partners Inc · 10 percent owner | 1.41M | 9.50% | Form 4 | Sep 15, 2025 |
| BlackRock, Inc. | 1.31M | 8.86% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 664.9K | 4.49% | 13F | Aug 13, 2026 |
| American Century Companies Inc | 640.5K | 4.33% | 13F | Aug 12, 2026 |
| Dimensional Fund Advisors LP | 586.5K | 3.96% | 13F | Aug 11, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 28, 2026 | David J. Tudor | director | −3,200 | $92.30 |
| Feb 20, 2026 | John Yearwood | director | +6,410 | $78.12 |
| Sep 11, 2025 | Varde Partners Inc | 10 percent owner | −312,378 | $41.04 |
Peers
- Helmerich & Payne
Closest public rig-fleet peer across U.S. and international drilling
- Patterson-UTI Energy
U.S. land drilling peer with directional-drilling overlap
- NOV
Rig equipment and drilling-technology rival
- Precision Drilling
North American rig contractor with digital-drilling overlap
- Halliburton
Global drilling-and-evaluation services rival
- SLB
Scaled well-construction and drilling-technology rival
- Baker Hughes
Well-construction services peer with drilling-tools overlap
- Weatherford International
MPD and tubular-running services peer
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Nabors Industries | $91.71 | +0.04% | $1.36B | 6.8 | 50.3 | 0.4 | −2.2% |
| Helmerich & Payne | $42.55 | −0.05% | $4.25B | — | 31.6 | 1.1 | −0.6% |
| Patterson-UTI Energy | $12.42 | −0.11% | $4.72B | — | 73.3 | 1.0 | +0.7% |
| NOV | $20.79 | −0.91% | $7.48B | 80.7 | 19.8 | 0.9 | −2.5% |
| Precision Drilling | $90.15 | +0.07% | $1.16B | — | 13.0 | 0.8 | +6.8% |
| Halliburton | $36.73 | +1.53% | $30.22B | 18.9 | 14.3 | 1.4 | +3.7% |
| SLB | $57.61 | +0.50% | $85.09B | 28.0 | 20.2 | 2.3 | +5.0% |
| Baker Hughes | $62.78 | +0.60% | $61.95B | 20.1 | 23.4 | 2.2 | −2.4% |
| Weatherford International | $93.79 | +0.01% | $6.72B | 18.5 | 15.3 | 1.4 | −8.2% |
| Median | 20.1 | 20.0 | 1.2 | +0.1% |