Nabors Industries posts Q3 2026 earnings beat and raises full‑year guidance
Nabors Industries reported third‑quarter 2026 revenue of $872 million, a net loss of $11 million and adjusted EBITDA of $246 million, up about 11% sequentially. Adjusted free cash flow rose to $75 million, driven by record International Drilling margins and higher rig utilization. The company lifted its FY 2026 adjusted EBITDA outlook to roughly $930 million and its adjusted free cash flow target to $100‑$110 million, while redeeming $100 million of senior notes.
Why it matters
The higher guidance signals stronger cash generation and profitability for the remainder of the year, which may support a higher valuation and improve leverage ratios. The $100 million debt redemption reduces gross debt and interest expense, giving the firm more financial flexibility.
Key facts
- 1Revenue for Q3 2026 was $872 million, up 7% sequentially. prnewswire.com
- 2Adjusted EBITDA for the quarter was $246 million, an 11% sequential increase. prnewswire.com
- 3Net loss attributable to shareholders was $11 million. prnewswire.com
- 4Adjusted free cash flow for the quarter was $75 million. prnewswire.com
- 5Full‑year 2026 adjusted EBITDA guidance was raised to approximately $930 million. prnewswire.com
- 6Full‑year 2026 adjusted free cash flow guidance was lifted to $100 million‑$110 million. prnewswire.com
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.