April 21, 2018 6:35 PM ET

Energy Equipment and Services

Company Overview of Nabors Industries Ltd.

Company Overview

Nabors Industries Ltd. provides drilling and drilling-related services and technologies for land-based and offshore oil and natural gas wells. It operates through five segments: U.S., Canada, International, Drilling Solutions, and Rig Technologies. The company offers equipment manufacturing, rig instrumentation, optimization software, and directional drilling services. It also provides patented steering systems and rig instrumentation software systems, including ROCKIT directional drilling system that offers data collection services to oil and gas exploration and service companies; REVit control system, a stick slip mitigation system; RIGWATCH software, which monitors a rig’s real-time perfo...

Crown House

Second Floor

4 Par-la-Ville Road

Hamilton,  HM 08

Bermuda

Founded in 1952

15,000 Employees

Phone:

441-292-1510

Fax:

441-292-1334

Key Executives for Nabors Industries Ltd.

Chairman, President & CEO
Age: 62
Total Annual Compensation: $1.6M
Chief Financial Officer
Age: 58
Total Annual Compensation: $585.0K
Corporate Secretary
Age: 44
Total Annual Compensation: $189.0K
Compensation as of Fiscal Year 2016.

Nabors Industries Ltd. Key Developments

Nabors Industries Ltd. Presents at 6th Annual Texas Oil & Gas Awards Industry Summit, Mar-07-2018 10:45 AM

Nabors Industries Ltd. Presents at 6th Annual Texas Oil & Gas Awards Industry Summit, Mar-07-2018 10:45 AM. Venue: DoubleTree by Hilton Hotel, 6 Greenway Plaza, Houston, Texas, United States. Speakers: Clint Ford, VP Sales & Marketing.

Nabors Industries Ltd. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017; Provides Earnings Guidance for the Year 2018

Nabors Industries Ltd. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported total revenues and other income of $709.264 million against $539.212 million a year ago. Loss from continuing operations before income taxes was $137.881 million against $392.729 million a year ago. Loss from continuing operations, net of tax was $114.725 million against $330.196 million a year ago. Net loss attributable to the company was $116.344 million or $0.40 per basic and diluted share against $335.587 million or $1.18 per basic and diluted share a year ago. Net loss from continuing operations- attributable to the company was $115.902 million or $0.40 per basic and diluted share against $331.321 million or $1.17 per basic and diluted share a year ago. Adjusted EBITDA was $162.557 million against $146.021 million a year ago. Adjusted operating loss was $51.549 million compared to $70.166 million a year ago. CapEx for the fourth quarter was $119 million. For the year, the company reported total revenues and other income of $2,565.486 million against $2,007.108 million a year ago. Loss from continuing operations before income taxes was $580.084 million against $1,198.075 million a year ago. Loss from continuing operations, net of tax was $497.114 million against $1,011.244 million a year ago. Net loss attributable to the company was $546.811 million or $1.90 per basic and diluted share against $1,029.742 million or $3.64 per basic and diluted share a year ago. Net loss from continuing operations- attributable to the company was $503.292 million or $1.75 per basic and diluted share against $1,011.379 million or $3.58 per basic and diluted share a year ago. Adjusted EBITDA was $543.963 million against $622.320 million a year ago. Adjusted operating loss was $298.980 million compared to $249.311 million a year ago. Net debt was $3,662.581 million compared to $3,283.430 million a year ago. CapEx for the year was $539 million. The company anticipates CapEx for 2018 will be around $500 million. The company anticipates the U.S. will be the primary driver of revenue and adjusted EBITDA growth in 2018. The company expects cash flow for 2018 as a whole to be slightly positive.

Nabors Industries Ltd. to Report Q4, 2017 Results on Feb 27, 2018

Nabors Industries Ltd. announced that they will report Q4, 2017 results After-Market on Feb 27, 2018

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