Nabors Industries Ltd. Q2 2025 Earnings Recap

Nabors Industries reported a solid second quarter in 2025, with adjusted EBITDA reaching $248 million, bolstered by contributions from the recently acquired Parker Wellbore business and growth in its U.S. drilling operations.

Key Takeaways

• Adjusted EBITDA aligned with expectations, driven by strong performance in U.S. drilling and the Parker acquisition, which is on track to achieve $40 million in cost synergies by 2025.
• The company's U.S. Offshore and Alaska drilling operations contributed over $28 million to adjusted EBITDA.
• An increase in activity within natural gas basins is anticipated, as evidenced by an uptick in the Lower 48 rig count and resilience in the natural gas market.
• International markets, particularly Saudi Arabia and Latin America, present both challenges and opportunities, with new rig opportunities identified and ongoing contract negotiations.