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Nabors Industries Q1 2024 Earnings Report

Nabors Industries logo
$71.90 -0.66 (-0.91%)
(As of 12/3/2024 ET)

Nabors Industries EPS Results

Actual EPS
-$5.16
Consensus EPS
-$2.24
Beat/Miss
Missed by -$2.92
One Year Ago EPS
N/A

Nabors Industries Revenue Results

Actual Revenue
$743.91 million
Expected Revenue
$730.59 million
Beat/Miss
Beat by +$13.32 million
YoY Revenue Growth
N/A

Nabors Industries Announcement Details

Quarter
Q1 2024
Time
N/A
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Nabors Industries Earnings Headlines

Nabors Industries price target raised to $90 from $88 at Barclays
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About Nabors Industries

Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally. The company operates through four segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. It provides tubular running services, including casing and tubing running, and torque monitoring; managed pressure drilling services; and drilling-bit steering systems and rig instrumentation software. The company also offers drilling systems comprising ROCKit, a directional steering control system; SmartNAV, a collaborative guidance and advisory platform; SmartSLIDE, a directional steering control system; and RigCLOUD, a digital infrastructure to integrate applications to deliver real-time insight into operations across the rig fleet. In addition, it operates a fleet of land-based drilling rigs and marketed platforms rigs; manufactures and sells top drives, catwalks, wrenches, drawworks, and other drilling related equipment, such as robotic systems and downhole tools; and provides aftermarket sales and services for the installed base of its equipment. Nabors Industries Ltd. was founded in 1952 and is based in Hamilton, Bermuda.

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