When did Nabors Industries report Q1 2024 earnings?

Nabors Industries (NBR) reported Q1 2024 earnings on April 24, 2024 after market close.

What were Nabors Industries's Q1 2024 revenue and EPS?

Nabors Industries reported revenue of $733.7M and eps of $-5.16 for Q1 2024.

Did Nabors Industries beat estimates in Q1 2024?

Revenue missed the consensus estimate of $753.3M by $19.6M. EPS missed the consensus estimate of $-2.24 by $2.92.

Where can I find Nabors Industries's Q1 2024 SEC filings?

You can read the 10-Q periodic report (0001558370-24-006660) directly on SEC EDGAR. The filing index links above go to sec.gov.

Nabors Industries NBR Q1 2024 earnings

Reported April 24, 2024 · After market close

Revenue$733.7MMiss by $19.6M

EPS-$5.16Miss by $2.92

Revenue estimate$753.3M

EPS estimate-$2.24

Next report

Oct 27, 2026 (in 3 months)

Revenue estimate$855.7M

EPS estimate-$0.19

Financials

Q1 2024

Income statement

See full

Revenue$733.7M-5.8%

Gross profit$296.6M-6.4%

Operating income$63.3M-46.6%

Net income-$34.3M-170%

EPS (diluted)-$4.54-210%

Balance sheet

See full

Cash & equivalents$412.9M-12.1%

Total debt$2.5B-2.0%

Total equity$286.3M-28.9%

Total assets$4.6B-12.0%

Cash flow

See full

Operating cash flow$107.2M-30.4%

CapEx$104.6M-11.9%

Free cash flow$2.6M-92.6%

Valuation & ratios

Valuation

as of 03/31/24

See full

Market cap$815.83M-29.2%

Enterprise value$2.92B-10.2%

P/S0.3×-0.1×

Profitability

See full

Gross margin40.4%+1.7pp

Operating margin12.8%—

Net margin-3.2%-0.6pp

Returns & leverage

See full

Return on equity-27.7%+3.9pp

Debt / equity8.8×+2.4×

Current ratio1.8×-0.1×

Segments

By segment

See full

International Excluding Canada$349.4M+9.2%

US$272.0M-22.4%

Drilling Solutions$75.6M+0.7%

Rig Technologies$50.2M-14.2%

All Other Segments-$13.4M—

By geography

See full

Lower48$300.9M-23.0%

Middle East And Asia$281.4M+12.1%

Latin America$103.8M+12.3%

United States Offshore$31.6M—

Europe Africa And Cis$15.5M-22.4%

Versus estimates

Revenue

Q2 2026$814.8MBeat by $5.5M Q1 2026$783.5MBeat by $14.2M Q4 2025$797.5MBeat by $3.4M Q3 2025$818.2MBeat by $22.7M Q2 2025$832.8MMiss by $23.0M Q1 2025$736.2MBeat by $18.2M

Diluted EPS

Q2 2026-$2.04Miss by $0.74 Q1 2026-$1.54Beat by $0.95 Q4 2025$0.17Beat by $3.10 Q3 2025-$3.67Miss by $1.30 Q2 2025-$2.71Miss by $0.66 Q1 2025-$7.50Miss by $4.86

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Questions, answered.

When did Nabors Industries report Q1 2024 earnings?: Nabors Industries (NBR) reported Q1 2024 earnings on April 24, 2024 after market close.
What were Nabors Industries's Q1 2024 revenue and EPS?: Nabors Industries reported revenue of $733.7M and eps of $-5.16 for Q1 2024.
Did Nabors Industries beat estimates in Q1 2024?: Revenue missed the consensus estimate of $753.3M by $19.6M. EPS missed the consensus estimate of $-2.24 by $2.92.
Where can I find Nabors Industries's Q1 2024 SEC filings?: You can read the 10-Q periodic report (0001558370-24-006660) directly on SEC EDGAR. The filing index links above go to sec.gov.