Nabors Industries delivered a strong third quarter in 2025, highlighted by a strategic asset sale that significantly improved its capital structure and reduced net debt to a decade-low level.
- Successfully sold Quail Tools for $625 million, achieving approximately 4.2x estimated EBITDA multiples and utilizing proceeds to pay down $330 million of debt.
- Adjusted EBITDA improved to $236 million, exceeding prior expectations due to solid performance in International Drilling and increased contributions from legacy Drilling Solutions.
- Anticipated significant restructuring benefits with non-Quail businesses projected to increase EBITDA from $7 million to $70 million by 2026.
- Continued focus on cost synergies from the Parker acquisition, with corporate costs declining in the quarter.
- Positive outlook for natural gas activities, driven by anticipated U.S. LNG export growth and increased drilling activity in international markets.
Community Discussion