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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues and other income:        
Operating revenues $ 818,190 $ 731,805 $ 2,387,164 $ 2,200,307
Investment income (loss) 7,323 11,503 20,048 29,885
Total revenues and other income 825,513 743,308 2,407,212 2,230,192
Costs and other deductions:        
Direct costs 491,828 431,705 1,428,009 1,309,007
General and administrative expenses 77,076 63,976 228,308 187,881
Research and engineering 12,978 14,404 39,735 42,629
Depreciation and amortization 160,347 159,234 490,046 477,060
Interest expense 54,334 55,350 164,741 157,222
Gain on disposition of Quail Tools (415,557)   (415,557)  
Gain on bargain purchase     (116,499)  
Other, net 24,470 41,608 75,334 69,795
Total costs and other deductions 405,476 766,277 1,894,117 2,243,594
Income (loss) before income taxes 420,037 (22,969) 513,095 (13,402)
Income tax expense (benefit):        
Current 26,250 10,581 52,089 30,940
Deferred 91,321 (463) 103,566 10,776
Total income tax expense (benefit) 117,571 10,118 155,655 41,716
Net income (loss) 302,466 (33,087) 357,440 (55,118)
Less: net (income) loss attributable to noncontrolling interest (28,268) (22,738) (81,164) (67,295)
Net income (loss) attributable to Nabors $ 274,198 $ (55,825) $ 276,276 $ (122,413)
Earnings (losses) per share:        
Basic (in dollars per share) $ 18.25 $ (6.86) $ 18.99 $ (15.69)
Diluted (in dollars per share) $ 16.85 $ (6.86) $ 17.54 $ (15.69)
Weighted-average number of common shares outstanding:        
Basic (in shares) 14,098 9,213 12,880 9,199
Diluted (in shares) 15,321 9,213 14,092 9,199