NYSE$NBR
Nabors Industries Ltd · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Nabors' performance in Q3 2021 was driven by increased adjusted EBITDA, strong free cash flow generation, and advancements in technology portfolio.
Nabors Industries reported Q3 2021 operating revenues of $524 million. Adjusted EBITDA increased by 7% versus the second quarter even with the sale of Canada drilling operations. Free cash flow generation was excellent, leading to an improvement in leverage.
- Adjusted EBITDA increased by 7% versus the second quarter even with the sale of Canada drilling operations.
- All current segments grew sequentially.
- Free cash flow generation was excellent, facilitating leverage improvement.
- Successfully deployed the industry’s first fully-automated PACE®-R rig for an operator in the Permian Basin.
Headline financials
Revenue & EPS history
Nabors · Revenue · Quarterly
$524M
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
Nabors anticipates continued improvement in industry fundamentals into 2022. The company expects strong increases in rig count and pricing driven by a favorable commodity environment.
Tailwinds
- Continued favorable commodity environment will drive strong increases in rig count and pricing.
- Advancements in technology and digital automation.
- Talented workforce and a global fleet that is second-to-none.
- Robust offering of apps and digital automation technology in the industry.
- Implemented multiple financial strategies to improve leverage.
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 2021
+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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