Nabors 2Q FY26 adjusted EBITDA falls to $221.7 million; revenue rises 4% to $814.8 million vs 1Q FY26

Reuters2026/07/28 20:18

By:Reuters

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Nabors posted 2Q 2026 operating revenues of USD 814.8 million, up about 4% from 1Q 2026; adjusted EBITDA fell to USD 221.7 million.
Net loss attributable to shareholders narrowed to USD 22.33 million, or USD 2.04 per share, from a USD 30.91 million loss in 1Q 2026.
Adjusted free cash flow turned positive at USD 12.34 million from a USD 48.22 million outflow in 1Q, on higher profitability and lower cash interest.
Average total rigs working rose to 171 from 168 in 1Q, with Lower 48 up to 68 and International Drilling edging up to 93.
Outlook: expects 3Q adjusted free cash flow consumption of about USD 40 million; full-year adjusted EBITDA seen at USD 920-930 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nabors Industries Ltd. published the original content used to generate this news brief on July 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Nabors 2Q FY26 adjusted EBITDA falls to $221.7 million; revenue rises 4% to $814.8 million vs 1Q FY26

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