Nabors Industries Posts $872M Q3 Revenue, $75M Free Cash Flow
Nabors Industries reported third-quarter 2026 revenue of $872 million, a 7% sequential gain, while posting a net loss of $11 million.
Nabors Industries Ltd. reported third-quarter 2026 operating revenues of $872 million, reflecting a 7% increase from the prior quarter, the oilfield drilling contractor announced Monday from its Hamilton, Bermuda headquarters. The results highlighted a record margin performance in the company's international drilling segment alongside $75 million in adjusted free cash flow.
Despite the revenue growth, Nabors recorded a net loss attributable to shareholders of $11 million for the quarter. Adjusted EBITDA came in at $246 million, underscoring the gap between operational cash generation and bottom-line profitability that has characterized the contract drilling sector amid elevated debt-service costs and capital investment cycles.
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The record international drilling margin signals that Nabors' strategy of expanding its rig fleet and services outside North America is gaining traction, even as domestic market conditions remain uneven. Adjusted free cash flow of $75 million provides the company with incremental financial flexibility to manage its debt load and pursue reinvestment opportunities.
Nabors trades on the New York Stock Exchange under the ticker NBR. The quarterly results were released via press release on October 27, 2026.
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