Nabors Industries Ltd. (NBR)

Nabors Industries' stock experienced several notable events in the past six months. In Q2 2025, adjusted EBITDA reached $248 million, but leading-edge day rates declined. In September 2025, the company participated in investment meetings. In Q3 2025, adjusted EBITDA decreased to $236 million. In November 2025, the SANAD joint venture received notices to resume work for two rigs and secured awards for five additional rigs. Nabors commented on recent credit rating upgrades and priced senior priority guaranteed notes. Nabors Energy Transition Corp. II announced the results of a general meeting. As of December 31, 2025, the share price was $54.30, representing a decline of 10.40% from January 2, 2025. The company's stock price was $60.46 on January 12, 2026.

The demand for Nabors Industries' products and services is subject to seasonal fluctuations. Winter months typically see a surge in demand for heating oil and natural gas. Summer often brings a rise in gasoline demand. Inventories of crude oil tend to increase in the spring as refineries prepare for the summer driving season. Inventories build up in the fall as refineries undergo maintenance. A dwindling number of drilled but uncompleted wells implies a greater demand for drilling rigs.

Nabors Industries Ltd. is a technology provider for the energy industry, offering drilling and related services for oil and gas wells. The company's business includes global land-based and offshore drilling rig operations, along with rig-related services and technologies. Its major products and services are categorized into U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies. Nabors also provides tubular running services and managed pressure drilling services. The company is headquartered in Hamilton, Bermuda, with executive and administrative offices in various locations.

Nabors Industries operates in more than 15 countries, with a notable footprint in Saudi Arabia, Algeria, Argentina, Colombia, Kazakhstan, and Venezuela. The company also has land-based drilling operations in the United States (including Alaska and the Gulf of Mexico) and Canada.

Nabors Industries has faced challenges that could impact its brand reputation, primarily stemming from its financial and market performance. The company notably underperformed its peers and the broader U.S. Energy Services industry. The company's adjusted EBITDA decreased sequentially from Q2 to Q3 2025, indicating pressure on the profitability of its remaining operations. Management highlighted a muted activity outlook and ongoing pressure in the U.S. Lower 48 market. Substantial ongoing investments consumed cash, leading to guided breakeven adjusted free cash flow for full-year 2025. A significant portion of Nabors' international growth is tied to the SANAD joint venture in Saudi Arabia, presenting concentration risk. Shareholders have been substantially diluted in the past year.

Nabors Industries Ltd. has 337 institutional owners and shareholders, holding a total of 15,666,009 shares. Major institutional owners include Varde Management, L.P., BlackRock, Inc., and Vanguard Group Inc. Institutions hold a significant portion of the company's shares, with institutional ownership at 99.38%. Individual insiders hold 5.11% of the shares.