XML 14 R4.htm IDEA: XBRL DOCUMENT v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues and other income:        
Operating revenues $ 814,795 $ 832,788 $ 1,598,343 $ 1,568,974
Investment income (loss) 2,131 6,129 5,018 12,725
Total revenues and other income 816,926 838,917 1,603,361 1,581,699
Costs and other deductions:        
Direct costs 507,551 488,881 1,001,020 936,181
General and administrative expenses 71,375 82,726 143,135 151,232
Research and engineering 14,209 12,722 27,715 26,757
Depreciation and amortization 160,549 175,061 316,735 329,699
Interest expense 42,678 56,081 86,439 110,407
Gain on bargain purchase   (3,500)   (116,499)
Other, net 5,682 6,074 (7,711) 50,864
Total costs and other deductions 802,044 818,045 1,567,333 1,488,641
Income (loss) before income taxes 14,882 20,872 36,028 93,058
Income tax expense (benefit):        
Current 13,991 16,155 25,818 25,839
Deferred 2,414 6,922 7,471 12,245
Income tax expense (benefit) 16,405 23,077 33,289 38,084
Net income (loss) (1,523) (2,205) 2,739 54,974
Less: Net (income) loss attributable to noncontrolling interest (20,807) (28,705) (40,235) (52,896)
Net income (loss) attributable to Nabors $ (22,330) $ (30,910) $ (37,496) $ 2,078
Earnings (losses) per share:        
Basic (in dollars per share) $ (2.04) $ (2.71) $ (3.58) $ (1.01)
Diluted (in dollars per share) $ (2.04) $ (2.71) $ (3.58) $ (1.01)
Weighted-average number of common shares outstanding:        
Basic (in shares) 14,273 14,083 14,243 12,271
Diluted (in shares) 14,273 14,083 14,243 12,271