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CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues and other income:      
Operating revenues [1] $ 3,184,693 $ 2,930,126 $ 3,005,981
Investment income (loss) 27,648 38,713 43,820
Total revenues and other income 3,212,341 2,968,839 3,049,801
Costs and other deductions:      
Direct costs 1,914,376 1,742,411 1,790,380
General and administrative expenses 304,587 249,317 244,147
Research and engineering 53,063 57,063 56,297
Depreciation and amortization 649,234 633,408 645,294
Interest expense 215,366 210,864 185,285
Gain on disposition of Quail Tools (413,962)    
Gain on bargain purchase (113,653)    
Other, net 65,802 106,816 (726)
Total costs and other deductions 2,674,813 2,999,879 2,920,677
Income (loss) before income taxes 537,528 (31,040) 129,124
Income tax expense (benefit):      
Current 65,951 35,263 63,339
Deferred 97,144 21,684 15,881
Income tax expense (benefit) 163,095 56,947 79,220
Net income (loss) [2] 374,433 (87,987) 49,904
Less: Net (income) loss attributable to noncontrolling interest (87,809) (88,097) (61,688)
Net income (loss) attributable to Nabors $ 286,624 $ (176,084) $ (11,784)
Earnings (losses) per share:      
Basic (in dollars per share) $ 18.75 $ (22.37) $ (5.49)
Diluted (in dollars per share) $ 17.39 $ (22.37) $ (5.49)
Weighted-average number of common shares outstanding:      
Basic (in shares) 13,193 9,202 9,159
Diluted (in shares) 14,416 9,202 9,159
[1] Includes related party revenues of $1.1 billion, $0.9 billion, and $0.8 billion for the years ended December 31, 2025, 2024 and 2023, respectively.
[2] The consolidated income statements include operating activities of consolidated joint ventures. See Note 12—Joint Ventures for additional information.