NYSE$NBR
Nabors Industries Ltd · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Reported third quarter results with revenues of $438 million and a net loss of $161 million.
Nabors Industries reported third quarter 2020 operating revenues of $438 million, with a net loss from continuing operations attributable to Nabors common shareholders of $161 million, or $23.42 per share. Adjusted EBITDA was $114 million. The third quarter appears to mark an inflection point in the Lower 48 industry rig market.
- Third quarter results were somewhat better than expected with good execution across the enterprise.
- Margins were better than projected in the Lower 48 and International rig markets.
- Free cash flow was generated and a modest improvement in net debt was achieved due to spending reductions.
- Lower 48 market share increased by approximately three points sequentially, holding approximately a 15% share.
Headline financials
Revenue & EPS history
Nabors · Revenue · Quarterly
$438M
Revenue by segment
Nabors · $749M total across 4 segments · Q3 2023
- International Drilling$302M—40.3%
- U.S. Drilling$287M—38.4%
- Drilling Solutions$91.2M—12.2%
- Rig Technologies$68.6M+37.1%9.2%
Forward guidance
The Company expects activity in the Lower 48 to continue improving. International rig count to decline during the remainder of the year, but anticipate it to stabilize by year end and gradually improve throughout 2021.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2020
+1.3%
Avg return
Earnings day
+1.6%
Avg return
5 days after
+2.4%
Avg return
30 days after
56%
40 / 72 earnings
Positive
+26.4%
Q3 2022
Best reaction
-17.0%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +11.4% | +10.5% | -1.7% | |
| Q4 2025 | -9.9% | +1.5% | +8.1% | |
| Q3 2025 | +10.2% | +14.3% | +5.7% | |
| Q1 2025 | -7.0% | -8.8% | -10.6% | |
| Q4 2024 | -7.1% | -13.9% | -18.6% | |
| Q3 2024 | -5.9% | +1.4% | +1.2% | |
| Q2 2024 | +9.3% | +24.3% | -8.0% | |
| Q1 2024 | -5.5% | -3.2% | -9.5% | |
| Q4 2023 | +4.9% | +3.4% | +10.8% | |
| Q3 2023 | -7.2% | -13.4% | -18.7% | |
| Q2 2023 | +2.0% | +1.1% | -8.8% | |
| Q1 2023 | -3.5% | -11.1% | -14.5% | |
| Q4 2022 | +10.3% | +1.5% | -20.1% | |
| Q3 2022 | +26.4% | +27.6% | +17.9% | |
| Q2 2022 | -17.0% | -11.4% | -4.9% | |
| Q1 2022 | +1.4% | -5.5% | +7.5% | |
| Q4 2021 | +3.7% | +11.0% | +42.2% | |
| Q3 2021 | -8.7% | -16.6% | -28.3% | |
| Q2 2021 | -1.0% | -3.8% | -17.6% | |
| Q1 2021 | +6.6% | +4.4% | +12.9% | |
| Q4 2020 | +18.1% | +24.3% | +8.0% | |
| Q3 2020 | +11.6% | +6.3% | +89.2% | |
| Q2 2020 | -1.2% | -3.2% | -11.9% | |
| Q1 2020 | -5.3% | +7.5% | +230.8% | |
| Q4 2019 | +1.3% | -21.1% | -79.7% | |
| Q3 2019 | +10.5% | +13.5% | +20.5% | |
| Q2 2019 | +23.6% | +19.1% | -19.5% | |
| Q1 2019 | +2.5% | +5.4% | -35.0% | |
| Q4 2018 | +5.8% | +14.7% | +12.1% | |
| Q3 2018 | +1.8% | +11.5% | -28.1% | |
| Q2 2018 | +4.6% | +10.2% | +3.3% | |
| Q1 2018 | -0.7% | -0.9% | -1.8% | |
| Q4 2017 | -6.5% | -2.5% | +1.0% | |
| Q3 2017 | -0.3% | -13.7% | -9.3% | |
| Q2 2017 | -0.8% | -6.3% | -12.1% | |
| Q1 2017 | -10.4% | -13.8% | -25.7% | |
| Q4 2016 | -2.1% | -2.5% | -19.6% | |
| Q3 2016 | -5.9% | -8.4% | +11.5% | |
| Q2 2016 | +5.3% | +7.5% | +15.0% | |
| Q1 2016 | -13.7% | — | — | |
| Q4 2015 | +19.9% | — | — | |
| Q3 2015 | +0.6% | — | — | |
| Q2 2015 | -2.8% | — | — | |
| Q1 2015 | +1.1% | — | — | |
| Q4 2014 | -1.6% | — | — | |
| Q3 2014 | +1.8% | — | — | |
| Q2 2014 | +2.2% | — | — | |
| Q1 2014 | +1.8% | — | — | |
| Q4 2013 | +16.9% | — | — | |
| Q3 2013 | -4.2% | — | — | |
| Q2 2013 | -1.0% | — | — | |
| Q1 2013 | -2.0% | — | — | |
| Q4 2012 | -5.7% | — | — | |
| Q3 2012 | -3.7% | — | — | |
| Q2 2012 | +7.8% | — | — | |
| Q1 2012 | +0.6% | — | — | |
| Q4 2011 | +0.2% | — | — | |
| Q3 2011 | -4.1% | — | — | |
| Q2 2011 | -5.1% | — | — | |
| Q4 2010 | +1.0% | — | — | |
| Q1 2009 | +1.0% | — | — | |
| Q1 2011 | +1.0% | — | — | |
| Q3 2010 | +1.3% | — | — | |
| Q2 2010 | -3.6% | — | — | |
| Q1 2010 | +2.8% | — | — | |
| Q4 2007 | +1.5% | — | — | |
| Q4 2009 | +1.5% | — | — | |
| Q3 2009 | -6.1% | — | — | |
| Q3 2008 | -6.1% | — | — | |
| Q2 2009 | +7.9% | — | — | |
| Q2 2008 | +7.9% | — | — | |
| Q4 2008 | +7.9% | — | — |
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