Overview
Nabors Industries owns and operates one of the world's largest land-based drilling rig fleets and is a provider of offshore rigs in the US and several international markets. Its business is comprised of its global land-based and offshore drilling rig operations and other rig-related services and technologies. Nabors provides performance tools, directional drilling services, tubular running services, and innovative technologies for its own rig fleet
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Read More and those operated by third parties. Additionally, it manufactures advanced drilling equipment and provides drilling rig instrumentation. The company's fleet includes about 290 actively marketed rigs for land-based drilling operations and roughly 30 actively marketed rigs for offshore platform drilling operations. About 50% of its revenue comes from the US.
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Read More and those operated by third parties. Additionally, it manufactures advanced drilling equipment and provides drilling rig instrumentation. The company's fleet includes about 290 actively marketed rigs for land-based drilling operations and roughly 30 actively marketed rigs for offshore platform drilling operations. About 50% of its revenue comes from the US.
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Anthony G. Petrello
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Management of Companies and Enterprises
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Investment holding companies, except banks
Crown House, Second Floor 4 Par-la-Ville Road HAMILTON, Pembroke, HM 08 Bermuda
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$3.05 billion
Actual
-2.52%
$4,504
DEC
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NYSE:NBR
Contacts
Get in Touch with 8 Principals*
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Anthony G. PetrelloChairman of the Board and President
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Financial Statements
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Financial data as of December 31, 2023 (12 month period) in USD
Annual Revenue 2024
$3.05 billion
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $581 | $638 | $501 |
| Net Investing Cash | -$555 | -$570 | -$369 |
| Net Financing Cash | -$662 | $593 | -$662 |
| Net Change in Cash | -$636 | $660 | -$529 |
| Cash at Beginning of Period | $1,374 | $737 | $1,274 |
| Cash at End of Period | $723 | $1,374 | $737 |
| Capital Expenditure | -$568 | -$541 | -$373 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $390 | $1,057 | $451 |
| Accounts Receivable | $388 | $348 | $327 |
| Inventories | $130 | $148 | $128 |
| Other Current Assets | $92 | $93 | $94 |
| Asset Summary | |||
| Total Current Assets | $1,000 | $1,646 | $1,001 |
| Tangible Fixed Assets | $2,831 | $2,899 | $3,026 |
| Intangible Assets | $ | $ | $ |
| Total Assets | $4,504 | $5,278 | $4,730 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $321 | $294 | $314 |
| Short-Term Debt | $ | $630 | $ |
| Other Current Liabilities | $251 | $290 | $282 |
| Liability Summary | |||
| Total Current Liabilities | $572 | $1,214 | $596 |
| Long-Term Debt | $2,505 | $2,512 | $2,538 |
| Other Long-Term Liabilities | $218 | $270 | $378 |
| Total Liabilities | $3,298 | $3,997 | $3,514 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $1 | $1 | $1 |
| Retained Earnings | -$2,092 | -$1,886 | -$1,841 |
| Equity Summary | |||
| Total Equity | $135 | $327 | $369 |
| Shares Outstanding | 9,499,717 | 9,395,000 | 9,415,000 |