Nabors Industries posts Q3 2026 loss but strong cash flow and raises full‑year free‑cash‑flow outlook
Nabors Industries reported a net loss of $11 million for the quarter ended September 30, 2026, while generating $75 million of adjusted free cash flow. Revenue rose to $872 million, up about 7% sequentially, and adjusted EBITDA increased 11% to $246 million. The company announced a multiyear agreement to place a rig in Venezuela in early 2027 and lifted its full‑year adjusted free cash flow target to $100‑$110 million. A director’s share sale contributed to a modest post‑market decline in the stock.
Why it matters
The higher free‑cash‑flow guidance suggests more cash may be available for debt reduction or shareholder returns, as noted by the CFO in the release. The director’s sale, reported by investing.com, added selling pressure and helped the stock slip 1.4% after hours.
Key facts
- 1Net loss attributable to shareholders was $11 million. stocktitan.net
- 2Adjusted free cash flow for Q3 2026 was $75 million. prnewswire.com
- 3Operating revenue for the quarter was $872 million, a 7% sequential increase. prnewswire.com
- 4Adjusted EBITDA rose 11% to $246 million. prnewswire.com
- 5The company expects full‑year adjusted free cash flow of $100 million to $110 million. prnewswire.com
- 6Nabors entered a multiyear deal to place a rig in Venezuela in early 2027. prnewswire.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.