OverviewSuggest Edit

Nabors is a company that owns and operates land-based drilling rig fleets and provides offshore platform rigs. Its business consists of five reportable segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies. Nabors's services include tubular running services, wellbore placement solutions, directional drilling, measurement-while-drilling, logging-while-drilling systems and services, equipment manufacturing, rig instrumentation, and optimization software.

TypePublic
Founded1952
HQHamilton, BM
Websitenabors.com
Employee Ratings3.3

Latest Updates

Employees (est.) (Dec 2020)10,000(-28%)
Job Openings72
Revenue (FY, 2020)$2.1 B(-29%)
Share Price (Sept 2021)$82.4(-4%)
Cybersecurity ratingDMore

Key People/Management at Nabors

Anthony Petrello

Anthony Petrello

Chairman, President and Chief Executive Officer
William Restrepo

William Restrepo

Chief Financial Officer
Siggi Meissner

Siggi Meissner

President, Global Drilling & Engineering
Michael Rasmuson

Michael Rasmuson

Senior Vice President, General Counsel & Chief Compliance Officer
Don Prejean

Don Prejean

Senior Vice President, Canrig
Edgar Rincon

Edgar Rincon

Senior Vice President, Western Hemisphere Operations
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Nabors Office Locations

Nabors has offices in Hamilton, Anchorage, Casper, Clearfield and in 30 other locations
Hamilton, BM (HQ)
Crown House Second Floor 4 Par-la-Ville Road
Ouargla, DZ
Zone Industrielle D'Irara
Buenos Aires, AR
Manuela Saenz 323, Piso 6 Oficina 610
Neuquén, AR
Dr. Teodoro Luis Planas 4955
Calgary, CA
500 4 Ave SW #2800
Shanghai, CN
Jiang Nan Shipyard Bldg, Ste 2008 No. 600 Lu ban Rd
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Nabors Financials and Metrics

Nabors Revenue

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Nabors's revenue was reported to be $2.13 b in FY, 2020
USD

Revenue (Q1, 2021)

460.5m

Gross profit (Q1, 2021)

169.9m

Gross profit margin (Q1, 2021), %

36.9%

Net income (Q1, 2021)

(128.3m)

EBIT (Q1, 2021)

(35.9m)

Market capitalization (8-Sept-2021)

710.0m

Closing stock price (8-Sept-2021)

82.4

Cash (31-Mar-2021)

417.5m

EV

3.2b
Nabors's current market capitalization is $710 m.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

2.6b3.1b3.0b2.1b

Revenue growth, %

19%0%

Cost of goods sold

1.7b2.0b1.9b1.3b

Gross profit

846.2m1.1b1.1b801.0m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

734.2m761.9m779.4m799.6m771.4m758.1m718.4m533.9m438.4m460.5m

Cost of goods sold

475.4m494.0m497.2m521.0m496.7m475.5m461.8m326.6m270.4m290.7m

Gross profit

258.8m267.9m282.2m278.7m274.7m282.6m256.5m207.4m168.0m169.9m

Gross profit Margin, %

35%35%36%35%36%37%36%39%38%37%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

337.0m447.8m436.0m472.2m

Accounts Receivable

698.5m756.3m453.0m363.0m

Inventories

166.3m165.6m176.3m160.6m

Current Assets

1.4b1.6b1.2b1.1b
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(540.6m)(612.7m)(680.5m)(762.8m)

Depreciation and Amortization

845.4m868.5m876.1m

Inventories

(17.4m)(14.0m)(18.7m)6.2m

Accounts Payable

79.2m(76.6m)(142.9m)(142.8m)
USDFY, 2017

Revenue/Employee

171.0k

Debt/Equity

1.4 x

Debt/Assets

0.5 x

Financial Leverage

2.9 x
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Nabors Operating Metrics

FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020

Drilling Rigs

445417399

Average Rigs Working (US)

62111.8112.1111.6113.2120.9122.2114.1115.396.463.853.4

Countries Covered

282520

Patents

450231379
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Nabors Acquisitions / Subsidiaries

Company NameDateDeal Size
Superior Well ServicesAugust 09, 2020$900 m
PetroMar Technologies, Inc.October 04, 2018
TescoDecember 15, 2017
Robotic Drilling SystemsAugust 31, 2017
Nabors Blue Shield Ltd.
Nabors Drilling Holdings Inc.
Nabors Drilling International Limited
Nabors Drilling Technologies USA, Inc.
Nabors Global Holdings II Ltd.
Nabors Global Holdings Limited
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Nabors Revenue Breakdown

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Nabors revenue breakdown by business segment: 42.1% from International Drilling, 39.4% from US Drilling, 8.3% from Rig Technologies, 8.0% from Drilling Solutions and 2.2% from Other

Nabors revenue breakdown by geographic segment: 27.5% from Middle East & Asia, 5.4% from US Offshore Gulf of Mexico, 7.2% from Europe, Africa & CIS, 43.4% from Lower 48, 11.9% from Latin America and 4.7% from Other

Human Capital Metrics

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Nabors Cybersecurity Score

Cybersecurity ratingPremium dataset

D

65/100

SecurityScorecard logo

Nabors Online and Social Media Presence

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Nabors News and Updates

Nabors Industries Ltd. to Reschedule Fourth Quarter 2020 Earnings Release and Conference Call

HAMILTON, Bermuda, Feb. 16, 2021 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) Due to severe weather conditions and related power outages, and to assure the safety of our Houston-area employees, Nabors has postponed its fourth quarter 2020 earnings release...

Nabors Announces Expiration and Final Results of Exchange Offers

HAMILTON, Bermuda, Nov. 30, 2020 /PRNewswire/ -- Nabors Industries, Inc. ("Nabors" or the "Company"), a wholly-owned subsidiary of Nabors Industries Ltd. ("Parent") (NYSE: NBR), today announced the final results of its offers to all Eligible Holders (as defined below) to exchange (the...

Nabors Announces Early Results and Extension of Early Participation Date with Respect to Certain Exchange Offers

HAMILTON, Bermuda, Nov. 13, 2020 /PRNewswire/ -- Nabors Industries, Inc. ("Nabors" or the "Company"), a wholly-owned subsidiary of Nabors Industries Ltd. ("Parent") (NYSE: NBR) today announced the early results of its previously announced offers to all Eligible Holders (as defined below)...

Nabors Announces Third Quarter 2020 Results

Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) today reported third quarter 2020 operating revenues of $438 million, compared to operating revenues of $534 million in the second quarter of 2020

Nabors Announces Commencement of Exchange Offers and Completion of Private Exchange Transaction

Nabors Industries, Inc. ("Nabors" or the "Company"), a wholly-owned subsidiary of Nabors Industries Ltd. ("Parent") (NYSE: NBR) today announced that it has commenced offers to all Eligible Holders (as defined below) to exchange (the "Exchange Offers") certain aggregate principal amounts of the outst…

Nabors Industries Ltd. Rescheduled Third Quarter 2

Nabors Industries Ltd. (NYSE: NBR) Due to scheduling conflicts, Nabors has rescheduled its third quarter 2020 earnings release and conference call.
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Nabors Frequently Asked Questions

  • When was Nabors founded?

    Nabors was founded in 1952.

  • Who are Nabors key executives?

    Nabors's key executives are Anthony Petrello, William Restrepo and Siggi Meissner.

  • How many employees does Nabors have?

    Nabors has 10,000 employees.

  • What is Nabors revenue?

    Latest Nabors annual revenue is $2.1 b.

  • What is Nabors revenue per employee?

    Latest Nabors revenue per employee is $213.4 k.

  • Who are Nabors competitors?

    Competitors of Nabors include Frank's International, Halliburton and Baker Hughes.

  • Where is Nabors headquarters?

    Nabors headquarters is located at Crown House Second Floor 4 Par-la-Ville Road, Hamilton.

  • Where are Nabors offices?

    Nabors has offices in Hamilton, Anchorage, Casper, Clearfield and in 30 other locations.

  • How many offices does Nabors have?

    Nabors has 37 offices.