Nabors Industries Q1 2026: Steady Operations, Growing Rigs

Nabors Industries reports robust Q1 2026 earnings, with $784M revenue and 26.1% adjusted EBITDA margin. Despite Middle East tensions, they expanded operations, adding rigs in the Lower 48 and reaching 66 working there. Their SANAD joint venture in Saudi Arabia deployed the 15th newbuild rig, and international drilling revenue remained steady at $419M. With 53 rigs running in Saudi and growth in the US, Nabors sees support from tight supply and steady demand. Second quarter guidance predicts international rig counts of 93-95 and Lower 48 rigs of 67-68, with full-year capex at $730-760M. Debt reduction remains a priority as they position for stronger free cash flow and resilience in tightening markets. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/24dfdac83d7d5bec