United States

Nabors Industries Ltd (NBR.N)

NBR.N on New York Stock Exchange

9 Dec 2016
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$-0.08 (-0.48%)
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Latest Key Developments (Source: Significant Developments)

Nabors Q3 loss per share $0.35
Tuesday, 25 Oct 2016 06:02pm EDT 

Nabors Industries Ltd : Q3 loss per share $0.35 . Q3 revenue $519.7 million versus I/B/E/S view $541.3 million . Q3 earnings per share view $-0.34 -- Thomson Reuters I/B/E/S . "Experiencing significant utilization increases in lower 48 market" . "Spot market pricing continues to remain competitive" . Says "our international markets are showing signs of impending activity increases" . Third-quarter performance confirms that rig count in lower 48 market has rebounded . Says expect trend of decline in operating income to continue into beginning of 2017 driven by lower U.S. drilling margins and international utilization .Q3 operating revenues from U.S. drilling & rig services $ 116.1 million versus $ 259.9 million.  Full Article

Nabors Industries Q2 loss per share $0.65
Tuesday, 2 Aug 2016 05:21pm EDT 

Nabors Industries Ltd : Q2 loss per share $0.65 . Q2 loss per share $0.26 excluding items . Q2 revenue $571.6 million . Says Q2 Drilling and Rig Services adjusted operating income was a loss of $25.0 million compared to a loss of $18.6 million in Q1 . U.S. Drilling segment posted an adjusted operating loss of $48.3 million for quarter . Qtrly U.S. Drilling and Rig Services operating revenue $140.3 million versus $321.2 million a year ago . Q2 loss per share $0.26 excluding items . Q2 2016 operating revenues of $571.6 million, compared to operating revenues of $597.6 million in Q1 . In U.S. Drilling segment, expects near-term rig count to increase gradually, albeit at lower average margins . Says "In addition to our current cash balances, our $2.25 billion revolver remains undrawn" . Net income from continuing operations for Q2 includes a loss of $0.39 per share . Loss of $0.39 per share due to impairments and losses related to disposed businesses and assets in quarter .Reduction in net debt of nearly $140 million year-to-date.  Full Article

Nabors Industries Ltd declares cash dividend - Form 8-K
Friday, 20 Feb 2015 04:22pm EST 

Nabors Industries Ltd:Declared cash dividend of $0.06 per common share, which will be paid on March 31 to shareholders of record at close of business on March 10.  Full Article


Saudi Aramco CEO expects oil price rise in first-half 2017

RIYADH Saudi Aramco expects oil prices to rebound in the first half of 2017 and for demand to remain healthy following two years of painfully low prices, the state-owned producer's Chief Executive Officer Amin Nasser said on Tuesday.