$NBR

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

Nabors Industries (NBR) raised its 2026 EBITDA outlook to $920M-$930M, citing strong international drilling performance. The stock has seen a 66.81% YTD return and 156.34% 1-year return, despite a 14.8% 3-year decline. Analysts estimate a fair value of $108.50, suggesting undervaluation at $92.41, but caution about U.S. rig margins and international project risks.

Enverus released rankings using first-quarter 2026 data. Helmerich & Payne led U.S. land drilling contractors with 15.85M ft across 776 wells; Patterson-UTI was second (9.51M ft, 442 wells). ExxonMobil led operators with 5.44M ft across 229 wells; EOG Resources was second (3.39M ft). Enverus said results are point-in-time and based on multiple drilling metrics.

Argus reports US-Iran war-related crude supply shock has lifted WTI prices and improved demand outlooks for US drilling contractors and OCTG producers in 2H 2026. Helmerich & Payne, Nabors, and Patterson-UTI expect higher active rigs (316 in Q2, ~324 by Q3). Vallourec and Tenaris cite tighter inventories and rising OCTG prices; Argus WTI was $84.82/bbl on 11 Aug.

Everpure shares rose 9.7% after Susquehanna upgraded the stock to Positive and raised its price target to $120 from $85, citing higher demand for flash storage from cloud and AI clients. Palo Alto Networks gained 4.3% on reports of AI agents tied to hacking. HPE climbed 3.9% after Morgan Stanley upgraded to Overweight and set a $69 target. Nabors rose 6.8% with Brent holding above $80. Ridgepost fell 4.7% as Barclays cut its target to $11 from $12.

Nabors Industries (NBR) shares rose 6.8% after Brent rebounded to the mid-$80s following failed moves below $80, amid Strait of Hormuz risk. Kpler data showed about a 33% drop in tanker traffic, while Iran’s Parliament reviewed a bill to permanently ban hostile vessels and impose fines, keeping an oil risk premium.

Nabors Industries reported Q2 2026 sales of $814.8 million and revenue of $816.93 million, with a net loss of $22.33 million and basic loss per share of $2.04. Quarterly losses narrowed versus a year earlier, but first-half 2026 results swung to a net loss of $37.5 million. The company also redeemed $379 million of 7.500% notes due 2028.