Jun 2026 (Q2 FY26) — Jul 29, 2026
Nabors Q2 FY26 — Strong Operational Execution and Exceeded Guidance Across All Segments
Read the full callNabors earnings: last reported Wed, 29 Jul 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 815 | −2.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 13.6 | −1.8 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -22.3 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
1Y: $39.88 on 17 Oct 2025 → $80.06. High $110.63 (18 May 2026), low $39.88 (17 Oct 2025).
Overview
Call summaries
Nabors Q2 FY26 — Strong Operational Execution and Exceeded Guidance Across All Segments
Read the full callEvery analysed call
Financials
Net profit, year on year: +28% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 732 | 730 | 736 | 833 | 818 | 798 | 784 | 815 |
| Expenses | 766 | 756 | 671 | 818 | 405 | 781 | 765 | 802 |
| Operating profit | 106 | -63 | 102 | 128 | 128 | 114 | 95 | 110 |
| Operating margin | 14.5% | −8.6% | 13.8% | 15.4% | 15.6% | 14.2% | 12.2% | 13.6% |
| Interest | 55 | 54 | 54 | 56 | 54 | 51 | 44 | 43 |
| Profit before tax | -23 | -18 | 72 | 21 | 420 | 24 | 21 | 15 |
| Tax rate | −44.0% | −86.3% | 20.8% | 110.6% | 28.0% | 30.4% | 79.8% | 110.2% |
| Net profit | -56 | -54 | 33 | -31 | 274 | 10 | -15 | -22 |
| EPS ($ per share) | -6.86 | — | 2.35 | -2.71 | 18.25 | — | -1.54 | -2.04 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Reserves | 651 | -105 | -946 | -1,538 | -1,841 | -1,886 | -2,092 | -1,837 |
| Total liabilities | 4,699 | 4,285 | 3,804 | 4,131 | 3,514 | 3,997 | 3,298 | 3,352 |
| Fixed assets | 5,468 | 4,931 | 3,986 | 3,348 | 3,026 | 2,899 | 2,831 | 2,920 |
| Investments | 34 | 17 | 10 | 0 | 1 | 13 | 8 | 0 |
| Total assets | 7,854 | 6,761 | 5,503 | 5,525 | 4,730 | 5,278 | 4,504 | 4,790 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 326 | 685 | 350 | 429 | 501 | 638 | 581 | 693 |
| Cash from investing | -367 | -356 | -165 | -117 | -369 | -570 | -555 | 97 |
| Cash from financing | 156 | -332 | -148 | 488 | -662 | 593 | -662 | -567 |
| Net cash flow | 109 | -9 | 33 | 798 | -536 | 637 | -651 | 220 |
| Capital expenditure | -459 | -428 | -196 | -234 | -373 | -541 | -568 | -716 |
| Free cash flow | -133 | 257 | 154 | 195 | 128 | 97 | 14 | -23 |
37 filings between Dec 31, 2025 and Oct 1, 2026.
Purchases
$500.7K
1 purchase by 1 insider
Sales
$295.4K
1 sale by 1 insider
Also filed: 2 dispositions to the issuer, 1 gift.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| YEARWOOD JOHN | $500.7K | — | Feb 20, 2026 |
| Tudor David J | — | $295.4K | Aug 28, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | Rodriguez Rodriguez Miguel Angel CHIEF FINANCIAL OFFICER | Tax withheld | 475 | $37.1K |
| Aug 28, 2026 | Tudor David J Director | Sale | 3,200 | $295.4K |
| Jun 2, 2026 | Linn Michael C Director | Award | 1,324 | $0 |
| Jun 2, 2026 | Tudor David J Director | Award | 1,324 | $0 |
| Jun 2, 2026 | YEARWOOD JOHN Director | Award | 1,324 | $0 |
| Jun 2, 2026 | CRANE JAMES R Director | Award | 1,324 | $0 |
| Jun 2, 2026 | Kotts John P Director | Award | 1,324 | $0 |
| Jun 2, 2026 | Beder Tanya S Director | Award | 1,324 | $0 |
| Jun 2, 2026 | CHASE ANTHONY R Director | Award | 1,324 | $0 |
| Feb 20, 2026 | YEARWOOD JOHN Director | Purchase | 6,410 | $500.7K |
| Feb 19, 2026 | Rodriguez Rodriguez Miguel Angel CHIEF FINANCIAL OFFICER | Tax withheld | 162 | $12.2K |
| Feb 18, 2026 | Rodriguez Rodriguez Miguel Angel CHIEF FINANCIAL OFFICER | Tax withheld | 314 | $22.6K |
| Feb 15, 2026 | Rodriguez Rodriguez Miguel Angel CHIEF FINANCIAL OFFICER | Tax withheld | 175 | $11.9K |
| Feb 15, 2026 | Rodriguez Rodriguez Miguel Angel CHIEF FINANCIAL OFFICER | Tax withheld | 137 | $9.3K |
| Feb 11, 2026 | Rodriguez Rodriguez Miguel Angel CHIEF FINANCIAL OFFICER | Tax withheld | 194 | $13.3K |
| Feb 9, 2026 | Rodriguez Rodriguez Miguel Angel CHIEF FINANCIAL OFFICER | Award | 3,905 | $0 |
| Feb 9, 2026 | Andrews Mark D VP & CORPORATE SECRETARY | Award | 1,775 | $0 |
| Feb 9, 2026 | Andrews Mark D VP & CORPORATE SECRETARY | Award | 4,571 | $0 |
| Jan 1, 2026 | PETRELLO ANTHONY G CHAIRMAN, PRESIDENT & CEO | Tax withheld | 5,502 | $298.8K |
| Jan 1, 2026 | PETRELLO ANTHONY G CHAIRMAN, PRESIDENT & CEO | Option exercise | 5,016 | $0 |
| Jan 1, 2026 | PETRELLO ANTHONY G CHAIRMAN, PRESIDENT & CEO | Tax withheld | 1,974 | $107.2K |
| Jan 1, 2026 | PETRELLO ANTHONY G CHAIRMAN, PRESIDENT & CEO | Option exercise | 13,980 | $0 |
| Jan 1, 2026 | PETRELLO ANTHONY G CHAIRMAN, PRESIDENT & CEO | Option exercise | 19,098 | $0 |
| Jan 1, 2026 | PETRELLO ANTHONY G CHAIRMAN, PRESIDENT & CEO | Tax withheld | 7,693 | $417.7K |
| Jan 1, 2026 | PETRELLO ANTHONY G CHAIRMAN, PRESIDENT & CEO | Option exercise | 16,420 | $0 |
| Jan 1, 2026 | PETRELLO ANTHONY G CHAIRMAN, PRESIDENT & CEO | Tax withheld | 6,462 | $350.9K |
| Jan 1, 2026 | PETRELLO ANTHONY G CHAIRMAN, PRESIDENT & CEO | Award | 48,621 | $0 |
| Jan 1, 2026 | Rodriguez Rodriguez Miguel Angel CHIEF FINANCIAL OFFICER | Option exercise | 2,736 | $0 |
| Jan 1, 2026 | Rodriguez Rodriguez Miguel Angel CHIEF FINANCIAL OFFICER | Tax withheld | 812 | $44.1K |
| Jan 1, 2026 | Rodriguez Rodriguez Miguel Angel CHIEF FINANCIAL OFFICER | Award | 11,576 | $0 |
| Jan 1, 2026 | Rodriguez Rodriguez Miguel Angel CHIEF FINANCIAL OFFICER | Award | 9,208 | $0 |
| Jan 1, 2026 | Andrews Mark D CORPORATE SECRETARY | Option exercise | 1,642 | $0 |
| Jan 1, 2026 | Restrepo William J Insider | Option exercise | 17,105 | $0 |
| Jan 1, 2026 | Restrepo William J Insider | Tax withheld | 4,343 | $235.8K |
| Dec 31, 2025 | PETRELLO ANTHONY G CHAIRMAN, PRESIDENT & CEO | Disposition to issuer | 17,843 | $0 |
| Dec 31, 2025 | Andrews Mark D CORPORATE SECRETARY | Disposition to issuer | 1,582 | $0 |
| Dec 31, 2025 | PETRELLO ANTHONY G CHAIRMAN, PRESIDENT & CEO | Gift | 18,000 | $0 |
| Oct 1, 2025 | Rodriguez Rodriguez Miguel Angel CHIEF FINANCIAL OFFICER | Award | 4,807 | $0 |
| Sep 30, 2025 | Restrepo William J Chief Financial Officer | Tax withheld | 4,013 | $164.0K |
| Sep 30, 2025 | Restrepo William J Chief Financial Officer | Tax withheld | 7,074 | $289.1K |
| Sep 30, 2025 | Restrepo William J Chief Financial Officer | Tax withheld | 9,662 | $394.9K |
| Sep 30, 2025 | Restrepo William J Chief Financial Officer | Option exercise | 1,075 | $0 |
| Sep 30, 2025 | Restrepo William J Chief Financial Officer | Tax withheld | 424 | $17.3K |
| Sep 30, 2025 | Restrepo William J Chief Financial Officer | Option exercise | 11,698 | $0 |
| Sep 30, 2025 | Restrepo William J Chief Financial Officer | Tax withheld | 4,604 | $188.2K |
| Sep 11, 2025 | VARDE PARTNERS INC 10% owner | Sale | 7,378 | $312.3K |
| Sep 11, 2025 | VARDE PARTNERS INC 10% owner | Sale | 305,000 | $12.51M |
| Jul 24, 2025 | Tudor David J Director | Award | 6,440 | $0 |
| Jul 18, 2025 | VARDE PARTNERS INC 10% owner | Option exercised | 295,500 | $8.87M |
| Jun 3, 2025 | CRANE JAMES R Director | Award | 6,277 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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