May 26, 2018 5:04 AM 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.

Nabors Industries Ltd. does not have any Key Executives recorded.

Nabors Industries Ltd. Key Developments

Nabors Industries Ltd. Presents at UBS Global Oil & Gas Conference 2018, May-22-2018 11:10 AM

Nabors Industries Ltd. Presents at UBS Global Oil & Gas Conference 2018, May-22-2018 11:10 AM. Venue: Four Seasons Hotel Austin, 98 San Jacinto Blvd, Austin, Texas, United States. Speakers: Dennis A. Smith, Vice President of Corporate Development & Investor Relations, Nick Swyka, Director, Corporate Development & IR, William J. Restrepo, Chief Financial Officer.

Nabors Industries Ltd. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018; Provides Earnings Guidance for the Second Quarter and Full Year 2018 and Full Year 2019

Nabors Industries Ltd. announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported total revenues and other income of $734.661 million against $563.273 million a year ago. Loss from continuing operations before income taxes was $120.042 million against $173.237 million a year ago. Loss from continuing operations, net of tax was $143.587 million against $147.628 million a year ago. Net loss attributable to the company was $144.201 million or $0.46 per basic and diluted share against $148.984 million or $0.52 per basic and diluted share a year ago. Net loss from continuing operations- attributable to the company was $144.126 million or $0.46 per basic and diluted share against $148.545 million or $0.52 per basic and diluted share a year ago. Adjusted EBITDA was $168.414 million against $99.740 million a year ago. Adjusted operating loss was $45.034 million compared to $103.932 million a year ago. Total operating Revenue was $734.194 million compared to $562.550 million a year ago. Net debt as on March 31, 2018 was $3,862.948 million compared to $3,662.581 million as on December 31, 2017. CapEx for the first quarter was $84 million. The company expected to generate positive cash flow in the second quarter exclusive of any proceeds from the potential sale of the first tranche of Middle East jackups.  Further, the company expected the increasing growth in consolidated adjusted EBITDA, along with other positive developments will lead to positive cash flow for the full year 2018. CapEx for 2018 of around $500 million. 2019 year where the company is going to have in excess of $1 billion of EBITDA.

Nabors Industries Ltd. Presents at 2nd Annual Energy Executive Summit, May-15-2018

Nabors Industries Ltd. Presents at 2nd Annual Energy Executive Summit, May-15-2018 . Venue: Little Rock, Arizona, United States. Speakers: Will Speicher, Director, Corporate Development and Investor Relations.

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