Nabors Industries (NBR) reported second-quarter 2026 operating revenue of $815 million, up about 4% from the first quarter. Net loss attributable to Nabors shareholders was $22 million, while adjusted EBITDA was $222 million.
The company said results reflected international drilling momentum, stronger Lower 48 activity and higher free cash flow. Nabors also raised its full-year outlook for Lower 48 rig count and now expects full-year adjusted EBITDA of $920 million to $930 million.
- Second-quarter operating revenues were $814.8 million, compared with $783.5 million in the first quarter and $832.8 million a year earlier.
- Net loss attributable to Nabors was $22.3 million, with basic and diluted losses of $2.04 per share.
- Adjusted free cash flow was $12.3 million, improving from negative $48.2 million in the first quarter.
- Average total rigs working were 171.2, including 67.8 in the Lower 48 and 93.4 in International Drilling.
- Nabors expects third-quarter Lower 48 average rig count of 73 rigs and international average rig count of 94 to 96 rigs.
- Full-year consolidated capital spending is now expected at $710 million to $730 million.
