NBR expects capital expenditures to range from $195-$205 million, with $80-$85 million earmarked for new builds in Saudi Arabia in the first quarter of 2025.
Although the revenue and EPS for Nabors (NBR) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Nabors Industries (NBR) came out with a quarterly loss of $6.67 per share versus the Zacks Consensus Estimate of a loss of $1.86. This compares to loss of $3.84 per share a year ago.
Besides Wall Street's top -and-bottom-line estimates for Nabors (NBR), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
NBR is expected to deliver lower fourth-quarter revenues. However, the bottom line is anticipated to have improved due to a reduction in its direct costs.
Nabors (NBR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
NBR's addition of a third drilling rig in Libya's Sirte Basin will boost collaboration between Libya and the United States in the energy sector.
NBR faces challenges with high debt, declining U.S. drilling revenues, heavy capital expenditures and market volatility, limiting its growth and shareholder returns.
Nabors (NBR) reported earnings 30 days ago. What's next for the stock?
Nabors Industries Ltd. (NYSE:NBR ) Q3 2024 Earnings Conference Call October 23, 2024 12:00 PM ET Company Participants William Conroy - Vice President, Corporate Development and IR Tony Petrello - Chairman, President and CEO William Restrepo - Chief Financial Officer Conference Call Participants Arun Jayaram - J.P.
NBR expects fourth-quarter 2024 capital expenditures of $230 million, with full-year expenditures projected at approximately $600 million, including $230 million designated for SANAD new builds.
Nabors Industries (NBR) came out with a quarterly loss of $3.35 per share versus the Zacks Consensus Estimate of a loss of $1.73. This compares to loss of $5.40 per share a year ago.