Nabors Industries (NYSE:NBR) Posts Quarterly Earnings Results, Misses Expectations By $0.74 EPS

Posted by Geri Gentry on Jul 29th, 2026

Nabors Industries (NYSE:NBR – Get Free Report) released its earnings results on Tuesday. The oil and gas company reported ($2.04) earnings per share for the quarter, missing the consensus estimate of ($1.30) by ($0.74), Zacks reports. Nabors Industries had a net margin of 7.32% and a negative return on equity of 8.66%. The company had revenue of $814.79 million during the quarter, compared to the consensus estimate of $809.28 million. During the same quarter in the previous year, the business posted ($2.71) EPS. The firm’s quarterly revenue was down 2.2% on a year-over-year basis.

Nabors Industries Stock Up 3.0%

NYSE NBR opened at $77.92 on Wednesday. The company has a current ratio of 1.97, a quick ratio of 1.82 and a debt-to-equity ratio of 2.22. The stock’s 50 day moving average is $89.00 and its two-hundred day moving average is $82.91. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 6.11 and a beta of 0.96. Nabors Industries has a 1-year low of $30.90 and a 1-year high of $112.90.

Key Stories Impacting Nabors Industries

Here are the key news stories impacting Nabors Industries this week:

Positive Sentiment: Improved outlook and operating momentum: Nabors raised its full-year Lower 48 rig-count outlook and now expects 2026 adjusted EBITDA of $920 million to $930 million. Management also anticipates approximately 73 Lower 48 rigs and 94 to 96 international rigs in the third quarter. Nabors second-quarter results
Positive Sentiment: Revenue and cash flow beat expectations: Second-quarter revenue rose approximately 4% sequentially to $814.8 million, exceeding analysts’ expectations of roughly $809 million. Adjusted free cash flow improved to $12.3 million from negative $48.2 million in the prior quarter, while adjusted EBITDA reached $222 million. Nabors Q2 revenue and cash flow report
Positive Sentiment: Favorable analyst sentiment: Brokerages maintain a consensus “Moderate Buy” recommendation, while the average analyst price target implies roughly 25.7% potential upside. However, price-target estimates are not guarantees of future performance. Nabors consensus recommendation
Neutral Sentiment: Quarterly results were mixed: Nabors’ loss narrowed year over year to $2.04 per share from $2.71, but still missed consensus estimates ranging from a $1.30 to $1.54 loss. Revenue declined 2.2% from the same quarter last year, although international drilling and Lower 48 activity showed improvement. Nabors Q2 earnings report
Negative Sentiment: Ongoing financial risks: Nabors remains unprofitable on an earnings-per-share basis, has a negative return on equity and carries elevated leverage, with a debt-to-equity ratio of 2.22. These factors could limit upside if drilling activity or energy prices weaken.

Hedge Funds Weigh In On Nabors Industries

A number of hedge funds have recently modified their holdings of the stock. Quarry LP acquired a new stake in Nabors Industries in the 4th quarter valued at $33,000. Aster Capital Management DIFC Ltd acquired a new position in Nabors Industries during the fourth quarter worth $40,000. Public Employees Retirement System of Ohio raised its stake in Nabors Industries by 23.0% during the third quarter. Public Employees Retirement System of Ohio now owns 1,545 shares of the oil and gas company’s stock worth $63,000 after acquiring an additional 289 shares in the last quarter. State of Wyoming lifted its holdings in shares of Nabors Industries by 106.3% during the fourth quarter. State of Wyoming now owns 1,314 shares of the oil and gas company’s stock valued at $71,000 after acquiring an additional 677 shares during the period. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Nabors Industries by 24.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,754 shares of the oil and gas company’s stock valued at $95,000 after acquiring an additional 341 shares during the period. 81.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NBR shares. Zacks Research upgraded Nabors Industries from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. Piper Sandler raised their price objective on Nabors Industries from $84.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Weiss Ratings lowered Nabors Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Barclays upgraded Nabors Industries from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $65.00 to $99.00 in a research report on Thursday, May 7th. Finally, Citigroup upped their target price on Nabors Industries from $89.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $100.57.

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Nabors Industries Company Profile

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Nabors Industries Ltd. is a global oil and gas drilling contractor that provides land and offshore drilling rigs, drilling equipment and related services to energy companies around the world. The company’s operations span two core segments: drilling and evaluation, which includes land‐based and platform drilling rigs as well as wellbore survey services, and wellbore technologies, offering pressure control equipment, downhole tools and specialized maintenance services. Nabors’ integrated model combines rig operations with engineered products and field support, positioning it as a full‐service provider in the upstream sector.

The company maintains a diverse, modern fleet of automated and conventional drilling rigs and has pioneered advanced drilling technologies, including automated drilling controls and managed pressure drilling systems.