CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 9 Months Ended | ||||||
|---|---|---|---|---|---|---|---|---|
Sep. 30, 2026 |
Sep. 30, 2025 |
Sep. 30, 2026 |
Sep. 30, 2025 |
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| Revenues and other income: | ||||||||
| Operating revenues | [1] | $ 872,194 | $ 818,190 | $ 2,470,537 | $ 2,387,164 | |||
| Investment income (loss) | 4,143 | 7,323 | 9,161 | 20,048 | ||||
| Total revenues and other income | 876,337 | 825,513 | 2,479,698 | 2,407,212 | ||||
| Costs and other deductions: | ||||||||
| Direct costs | 536,577 | 491,828 | 1,537,597 | 1,428,009 | ||||
| General and administrative expenses | 76,733 | 77,076 | 219,868 | 228,308 | ||||
| Research and engineering | 13,341 | 12,978 | 41,056 | 39,735 | ||||
| Depreciation and amortization | 159,744 | 160,347 | 476,479 | 490,046 | ||||
| Interest expense | 42,087 | 54,334 | 128,526 | 164,741 | ||||
| Gain on disposition of Quail Tools | (415,557) | (415,557) | ||||||
| Gain on bargain purchase | (116,499) | |||||||
| Other, net | 11,428 | 24,470 | 3,717 | 75,334 | ||||
| Total costs and other deductions | 839,910 | 405,476 | 2,407,243 | 1,894,117 | ||||
| Income (loss) before income taxes | 36,427 | 420,037 | 72,455 | 513,095 | ||||
| Income tax expense (benefit): | ||||||||
| Current | 17,931 | 26,250 | 43,749 | 52,089 | ||||
| Deferred | 2,512 | 91,321 | 9,983 | 103,566 | ||||
| Income tax expense (benefit) | 20,443 | 117,571 | 53,732 | 155,655 | ||||
| Net income (loss) | [2] | 15,984 | 302,466 | 18,723 | 357,440 | |||
| Less: Net (income) loss attributable to noncontrolling interest | (27,149) | (28,268) | (67,384) | (81,164) | ||||
| Net income (loss) attributable to Nabors | $ (11,165) | $ 274,198 | $ (48,661) | $ 276,276 | ||||
| Earnings (losses) per share: | ||||||||
| Basic (in dollars per share) | $ (1.24) | $ 18.25 | $ (4.81) | $ 18.99 | ||||
| Diluted (in dollars per share) | $ (1.24) | $ 16.85 | $ (4.81) | $ 17.54 | ||||
| Weighted-average number of common shares outstanding: | ||||||||
| Basic (in shares) | 14,503 | 14,098 | 14,330 | 12,880 | ||||
| Diluted (in shares) | 14,503 | 15,321 | 14,330 | 14,092 | ||||
| Related Party | ||||||||
| Revenues and other income: | ||||||||
| Operating revenues | $ 300,000 | $ 300,000 | $ 900,000 | $ 800,000 | ||||
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- References No definition available.
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- Definition Net costs of sales and operating expenses for the period classified as other. No definition available.
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- Definition The sum of Operating revenues, Gains (losses) from unconsolidated affiliates and Investment income for the period. No definition available.
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- References No definition available.
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- Definition In a business combination in which the amount of net identifiable assets acquired and liabilities assumed exceeds the aggregate consideration transferred or to be transferred (as defined), this element represents the amount of gain recognized by the entity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of expense for allocation of cost of tangible and intangible assets over their useful lives directly used in production of good and rendering of service. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate direct operating costs incurred during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before tax of gain (loss) recognized on the sale or disposal of a disposal group. Excludes discontinued operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income from investments (for example, dividends) not considered a component of the entity's core operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for research and development. Includes, but is not limited to, cost for computer software product to be sold, leased, or otherwise marketed and writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both. Excludes write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Details
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