Nabors Industries 2026: Revenue $814.8M, EPS ($2.04) — 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Nabors Industries reported Q2 2026 results with revenue of $814.8M, a slight YoY decline, and a net loss of $22.33M (diluted EPS ($2.04)). The net loss improved by 27.8% compared to the prior year quarter. International drilling drove growth, offsetting softer U.S. day rates, while U.S. rig productivity increased. The company continues to reshape its portfolio through recent acquisitions and sales.
Nabors Industries reported second-quarter 2026 results showing revenue of $814.8M and a net loss attributable to Nabors of $22.33M (diluted EPS ($2.04)), with revenue modestly below the year-ago quarter and an improvement in net loss and EPS versus the prior year.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $814.8M | $832.79M | (2.2%) |
| Net income² | ($22.33M) | ($30.91M) | 27.8% |
| Diluted EPS³ | ($2.04) | ($2.71) | 24.7% |
¹ Reported as “Operating revenues”. ² Reported as “Net income (loss) attributable to Nabors”. ³ Reported as “Earnings (losses) per share”.
Business Highlights
- Revenue trend: Q2 revenues were $814.8M, a slight year-over-year decline while six-month revenue rose modestly driven by international growth.
- Channel shift: International drilling delivered double-digit growth with average rigs up about 9%, offsetting softer U.S. day rates.
- Operational efficiency: U.S. rig productivity improved with higher working-rig utilization and better daily rig margins.
- Portfolio moves: Nabors sold Quail Tools in August 2025 and integrated Parker in March 2025, reshaping Drilling Solutions and the G&A base.
- Cash and operations: Strong operating cash generation supported capital programs for rig enhancements and fleet activity.
Original SEC Filing: NABORS INDUSTRIES LTD [ NBR ] - 10-Q - Jul. 31, 2026