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Nabors Industries NBR Q1 2026 earnings

Reported April 28, 2026 · After market close

Revenue$783.5MBeat by $14.2M
EPS-$1.54Beat by $0.95
Revenue estimate$769.3M
EPS estimate-$2.49

Next report

Oct 27, 2026 (in 3 months)
Revenue estimate$855.7M
EPS estimate-$0.19

Financials

Q1 2026

Income statement

See full
Revenue$783.5M+6.4%
Operating income$95.4M-6.3%
Net income-$15.2M-146%
EPS (diluted)-$1.54-171%

Balance sheet

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Cash & equivalents$500.8M+26.3%
Total debt$2.1B-21.1%
Total equity$568.9M+66.0%
Total assets$4.4B-13.0%

Cash flow

See full
Operating cash flow$113.3M+29.2%
CapEx$165.0M0.0%
Free cash flow-$51.6M+33.2%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$1.26B+110%
Enterprise value$2.89B-0.4%
P/E5.3×—
P/S0.4×+0.2×

Profitability

See full
Operating margin12.7%0.0pp
Net margin7.4%+5.5pp

Returns & leverage

See full
Return on equity52.3%+37.4pp
Debt / equity3.7×-4.1×
Current ratio2×+0.2×

Segments

By segment

See full
International Excluding Canada$419.5M+9.9%
US$241.1M+4.5%
Drilling Solutions$106.2M+14.0%
Rig Technologies$27.2M-38.4%
All Other Segments-$10.5M+22.7%

By geography

See full
Middle East And Asia$316.5M+6.5%
Lower48$242.8M-5.3%
Latin America$125.7M+7.7%
Europe Africa And Cis$36.3M+27.9%
United States Offshore$22.6M—

Versus estimates

Revenue

Q2 2026$814.8MBeat by $5.5M
Q1 2026$783.5MBeat by $14.2M
Q4 2025$797.5MBeat by $3.4MQ3 2025$818.2MBeat by $22.7MQ2 2025$832.8MMiss by $23.0MQ1 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 $3.10Q3 2025-$3.67Miss by $1.30Q2 2025-$2.71Miss by $0.66Q1 2025-$7.50Miss by $4.86

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Questions, answered.

When did Nabors Industries report Q1 2026 earnings?
Nabors Industries (NBR) reported Q1 2026 earnings on April 28, 2026 after market close.
What were Nabors Industries's Q1 2026 revenue and EPS?
Nabors Industries reported revenue of $783.5M and eps of $-1.54 for Q1 2026.
Did Nabors Industries beat estimates in Q1 2026?
Revenue beat the consensus estimate of $769.3M by $14.2M. EPS beat the consensus estimate of $-2.49 by $0.95.
How did Nabors Industries's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 6.4% from $736.2M a year earlier and eps grew 79.5% from $-7.50.
Where can I find Nabors Industries's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001104659-26-050401) and the 10-Q periodic report (0001104659-26-053683) directly on SEC EDGAR. The filing index links above go to sec.gov.