XML 14 R4.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues and other income:    
Operating revenues $ 736,186 $ 733,704
Investment income (loss) 6,596 10,201
Total revenues and other income 742,782 743,905
Costs and other deductions:    
Direct costs 447,300 437,077
General and administrative expenses 68,506 61,751
Research and engineering 14,035 13,863
Depreciation and amortization 154,638 157,685
Interest expense 54,326 50,379
Gain on bargain purchase (112,999)  
Other, net 44,790 16,108
Total costs and other deductions 670,596 736,863
Income (loss) before income taxes 72,186 7,042
Income tax expense (benefit):    
Current 9,684 9,668
Deferred 5,323 6,376
Total income tax expense (benefit) 15,007 16,044
Net income (loss) 57,179 (9,002)
Less: net (income) loss attributable to noncontrolling interest (24,191) (25,331)
Net income (loss) attributable to Nabors $ 32,988 $ (34,333)
Earnings (losses) per share:    
Basic (in dollars per share) $ 2.35 $ (4.54)
Diluted (in dollars per share) $ 2.18 $ (4.54)
Weighted-average number of common shares outstanding:    
Basic (in shares) 10,460 9,176
Diluted (in shares) 11,671 9,176