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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues and other income:    
Operating revenues $ 783,548 $ 736,186
Investment income (loss) 2,887 6,596
Total revenues and other income 786,435 742,782
Costs and other deductions:    
Direct costs 493,469 447,300
General and administrative expenses 71,760 68,506
Research and engineering 13,506 14,035
Depreciation and amortization 156,186 154,638
Interest expense 43,761 54,326
Gain on bargain purchase   (112,999)
Other, net (13,393) 44,790
Total costs and other deductions 765,289 670,596
Income (loss) before income taxes 21,146 72,186
Income tax expense (benefit):    
Current 11,827 9,684
Deferred 5,057 5,323
Income tax expense (benefit) 16,884 15,007
Net income (loss) 4,262 57,179
Less: Net (income) loss attributable to noncontrolling interest (19,428) (24,191)
Net income (loss) attributable to Nabors $ (15,166) $ 32,988
Earnings (losses) per share:    
Basic (in dollars per share) $ (1.54) $ 2.35
Diluted (in dollars per share) $ (1.54) $ 2.18
Weighted-average number of common shares outstanding:    
Basic (in shares) 14,213 10,460
Diluted (in shares) 14,213 11,671