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 |
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 |