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Nabors Industries NBR Rig Technologies — Adjusted Operating Income Loss

Other segment segments

International Excluding Canada
$40.76M+23.7%
Drilling Solutions
$31.87M-3.2%
US
$24.62M-22.1%

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Other financials

Income statement

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Revenue$814.8M-2.2%
Gross profit$300.1M+4.8%
Operating income$95.4M-6.3%
Net income-$22.3M+27.8%
EPS (diluted)-$2.04+24.7%

Balance sheet

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Cash & equivalents$509.8M+31.6%
Total debt$2.1B-21.1%
Total equity$544.1M+76.7%
Total assets$4.4B-12.3%

Cash flow

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Operating cash flow$135.2M-10.9%
CapEx$122.9M-31.3%
Free cash flow$12.3M+146%

Valuation

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Market cap$1.21B+145%
Enterprise value$2.82B+0.9%
P/E4.9×
P/S0.4×+0.2×

Profitability

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Gross margin40.7%+0.7pp
Operating margin12.7%0.0pp
Net margin7.7%+5.8pp
FCF margin4.1%

Returns & leverage

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Return on equity58%+41.5pp
Debt / equity3.9×-4.8×
Current ratio1.9×+0.1×

Where this comes from

Reported directly by Nabors Industries in its filing.

Tagged under the XBRL concept nbr:AdjustedOperatingIncomeLoss.

The source filing: Nabors Industries’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 10:54 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001104659-26-053683
Line itemThree Months Ended / U.S. DrillingThree Months Ended / International DrillingThree Months Ended / Drilling SolutionsThree Months Ended / Rig TechnologiesThree Months Ended / Total Reportable SegmentsThree Months Ended / Other items (1)Three Months Ended / Total
Operating revenues$$241,144$419,496$106,222$27,222$794,084$(10,536)783,548
Direct costs(146,074)(278,857)(56,890)(19,796)(501,617)8,148(493,469)
Depreciation and amortization(63,441)(80,524)(6,790)(2,393)(153,148)(3,038)(156,186)
Other segment expenses (2)(7,005)(19,358)(10,670)(6,921)(43,954)(41,312)(85,266)
Total adjusted operating income (loss) (3)$$24,624$40,757$31,872$(1,888)95,365
Capital expenditures$$37,995$117,556$2,144$432$158,127$1,185159,312

Item 1. Financial Statements

FAQ

What is Nabors Industries's rig technologies — adjusted operating income loss?
Nabors Industries (NBR) reported rig technologies — adjusted operating income loss of -$1.89M in Q1 2026.
How has Nabors Industries's rig technologies — adjusted operating income loss changed year-over-year?
Nabors Industries's rig technologies — adjusted operating income loss decreased by 143.6% year-over-year, from $4.34M to -$1.89M.
What is the long-term trend for Nabors Industries's rig technologies — adjusted operating income loss?
Over 3 years (2022 to 2025), Nabors Industries's rig technologies — adjusted operating income loss has grown at a -2.4% compound annual growth rate (CAGR), from $8.91M to $8.27M.
What does rig technologies — adjusted operating income loss mean?
This metric represents the operating profitability of the Rig Technologies segment after adjusting for non-recurring or non-operational items. It is a core measure used to evaluate the underlying operational performance and profitability of the segment independent of corporate-level accounting adjustments.

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