$NBR

NABORS INDUSTRIES LTD (NBR) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 NEWS RELEASE Record International Drilling Margin. $75 Million in Adjusted Free Cash Flow. Nabors Reports Third Quarter 2026 Results. HAMILTON, Bermuda, October 27, 2026 /PRNewswire/ Nabors Industries Ltd. (“Nabors” or the “Company”) (NYSE: NBR) today reported third

Nabors Industries reported a $11M net loss but $75M in adjusted free cash flow for Q3 2026. Revenue increased to $872.2M, up from $814.8M in Q2. Key drivers included record International Drilling margins, a larger Lower 48 fleet, and growth in Drilling Solutions. The company expects sequential EBITDA growth in Q4 2026, with adjusted free cash flow projected between $60M and $70M.

Nabors Industries (NBR) stock rose 5% after Susquehanna analyst Charles Minervino raised his price target to $91 from $85, citing expected strong exploration and production spending in 2027. The stock is valued at 53.8 times forward earnings. Minervino maintains a neutral rating.

Nabors (NBR) released an investor presentation ahead of conferences, reiterating its 2026 outlook. The company expects $710–$730M in adjusted EBITDA and $20–$30M in adjusted free cash flow. As of June 30, 2026, net debt was $1.554B with $941M in cash. Nabors plans to expand internationally, targeting 98 rigs by year-end. The company also completed a partial redemption of 2030 notes on August 12, 2026.

Nabors Industries invested $35 million in Quaise Energy, becoming its largest shareholder with 14% ownership. The investment supports Quaise's geothermal drilling technology, aligning with Nabors' strategy to expand into adjacent energy markets. Quaise's hybrid drilling platform aims to access deeper geothermal resources, potentially broadening the market for geothermal power and creating opportunities for Nabors' services.

Tudor David J sold 3,200 shares of NABORS INDUSTRIES LTD (NBR) at $92.30 ($0.30M total) on 2026-08-28.

Nabors Industries (NBR) shares rose 10.4% since its last earnings report, despite posting a wider-than-expected Q2 2026 loss of $2.04 per share. Revenue of $814.8M beat estimates but fell from the prior year. International Drilling segment performed well, while U.S. Drilling lagged. The company reported $12.3M in adjusted free cash flow.

Quaise Energy closed a $180 million Series B funding round, including a $35 million investment from Nabors Industries (NBR). The funds will support Project Obsidian, the world's first superhot geothermal power plant, and the development of Quaise's millimeter wave drilling system. Nabors and Quaise also entered a strategic framework agreement for drilling operations and technology integration. Total funding for Quaise now stands at $280 million.

Nabors Industries (NBR) invested $35M in Quaise Energy, gaining 14% ownership. The deal supports Quaise's geothermal drilling tech, aligning with Nabors' strategy to expand into adjacent energy markets. Quaise's technology aims to access deeper, hotter geothermal resources, potentially creating future opportunities for Nabors' services.

NABORS INDUSTRIES LTD (NBR) filed an SEC Form 8-K — Unregistered Sales of Equity Securities. Exhibit 99.1 Nabors Expands Geothermal Growth Platform with $35 Million Strategic Investment in Quaise Energy Investment increases Nabors’ ownership to extend its technology-enabled growth strategy and positions the Company to support the commercialization of next-generation supe