Nabors Industries

Q2 FY2026 EarningsQ2 FY26 results presented a top-line beat but a significant bottom-line miss. Operating revenue reached $814.8M vs. $810.3M expected (+0.56%), supported by 12.3% YoY growth in International Drilling. However, GAAP EPS of -$2.04 fell well below the -$1.28 consensus, primarily due to an elevated effective tax rate of 110.2% and higher-than-expected losses attributable to non-controlling interests. While operational efficiency in International markets remains a tailwind, volatility in tax and one-time items continue to weigh on net results.