Nabors Industries Ltd. (N:NBR)

Business Focus: Oil & Gas Drilling

Sector:  Energy Industry:  Oil & Gas Drilling
 
See Regulatory Filings on SEC
Company Contact
Address: Crown House, 4 Par-La-Ville Road
HAMILTON HM 08
Tel: N/A
Website: https://www.nabors.com
IR: See website
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Key People
Anthony G. Petrello
Executive Chairman of the Board, President, Chief Executive Officer
William J. Restrepo
Chief Financial Officer
Mark D. Andrews
Corporate Secretary
Business Overview
Nabors Industries Ltd. owns and operates a land-based drilling rig fleet. The Company is a provider of offshore platform drilling rigs in the United States and international markets. The Company operates through five segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions and Rig Technologies. Its services include tubular running services, wellbore placement solutions, directional drilling, measurement-while-drilling (MWD), logging-while-drilling (LWD) systems and services, equipment manufacturing, rig instrumentation and optimization software. Its United States fleet consists of approximately 171 alternating current (AC) rigs and 11 silicon-controlled rectifier (SCR) land rigs. Its international fleet consists of approximately 117 land-based drilling rigs located in approximately 14 countries. Through its Drilling Solutions, the Company offers specialized drilling technologies, such as patented steering systems and rig instrumentation software systems.
Financial Overview
For the fiscal year ended 31 December 2023, Nabors Industries Ltd. revenues increased 13% to $3.01B. Net loss applicable to common stockholders decreased 86% to $50.2M. Revenues reflect International Drilling segment increase of 12% to $1.35B, U.S segment increase of 13% to $1.17B, Other foreign segment increase of 15% to $1.53B, United States segment increase of 12% to $1.48B.
Employees: 12,000 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $2,830M as of Mar 31, 2024
Annual revenue (TTM): $3,006M as of Mar 31, 2024
EBITDA (TTM): $913.32M as of Mar 31, 2024
Net annual income (TTM): -$50.25M as of Mar 31, 2024
Free cash flow (TTM): $96.82M as of Mar 31, 2024
Net Debt Last Fiscal Year: $2,071M as of Mar 31, 2024
Shares outstanding: 9,472,048 as of Feb 6, 2024
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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