Nabors Industries Q2 2024 Earnings Report

Nabors Industries EPS Results

• Actual EPS: -$4.29
• Consensus EPS: -$1.77
• Beat/Miss: Missed by -$2.52
• One Year Ago EPS: -$2.26

Nabors Industries Revenue Results

• Actual Revenue: $742.98 million
• Expected Revenue: $737.91 million
• Beat/Miss: Beat by +$5.07 million
• YoY Revenue Growth: -4.60%

Nabors Industries Announcement Details

• Quarter: Q2 2024
• Date: 7/23/2024
• Time: After Market Closes

Nabors Industries (NYSE:NBR) 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.