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Nabors Industries (NBR) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Nabors Industries (NBR) Q3 2026 earnings results →
Q3 2026 Revenue up 7% year over year to $872M · 2¢ of every $1 of revenue kept as net profit · operating margin 15.7%
Nabors Industries made $872M in Q3 2026 (+7% Y/Y). Operating margin 15.7%, net earnings $16.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $872.2M in Q3 2026, up 7% year over year and up 7% from the previous quarter.
Operating profit was $136.8M, a 15.7% margin (up 0.1 points year over year). Of the extra revenue versus Q3 2025, 17% reached operating profit, above the 16% margin then. Total costs grew 7% against revenue growth of 7%. Net earnings were −$11.2M. The effective tax rate was 56.1%.
Operating cash flow was $238.9M (up 15% year over year), 1495% of net income including minority interests. Non-cash charges added back $4.5M of share-based compensation. Working capital and other items added $218.4M. After capital expenditures, net of proceeds from sales of assets ($164.4M), free cash flow as the company reports it was $74.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $872M | +7% | 15.7% | $16.0M | $239M |
| Q2 2026 | 10-Q | Jul 31, 2026 | $815M | -2% | 13.6% | −$1.5M | $135M |
| Q1 2026 | 10-Q | May 1, 2026 | $784M | +6% | 12.2% | $4.3M | $113M |
| Q4 2025 | 10-K | Feb 13, 2026 | $798M | +9% | 14.2% | $10.3M | $246M |
| Q3 2025 | 10-Q | Oct 31, 2025 | $818M | +12% | 15.6% | $274M | $208M |
| Q2 2025 | 10-Q | Aug 1, 2025 | $833M | +13% | 8.8% | −$2.2M | $152M |
| Q1 2025 | 10-Q | May 9, 2025 | $736M | +0.3% | 7.0% | $33.0M | $87.7M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Nabors Industries
Nabors Industries, Ltd. (NYSE: NBR) was formed as a Bermuda exempted company on December 11, 2001. Unless the context requires otherwise, references in this annual report to “we,” “us,” “our,” “the Company,” or “Nabors” mean Nabors Industries Ltd., together with our subsidiaries. References in this annual report to “Nabors Delaware” mean Nabors Industries, Inc., a wholly owned subsidiary of Nabors. Nabors owns and operates one of the world’s largest land-based drilling rig fleets and is a provider of offshore platform rigs in the United States and numerous international markets. Nabors also supplies performance software, tubular running services, managed pressure drilling services and innovative technologies for both its own rig fleet and those operated by third parties. In addition, Nabors manufactures advanced drilling equipment and provides drilling rig instrumentation.
In its own words, from its 10-K, filed Feb 13, 2026.
Nabors Industries against its Drilling Oil & Gas Wells peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +7% against the peers' median +7%. Operating margin: 15.7% against the peers' median 15.3%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| NBR Nabors Industries | Q3 2026 | $872M | +7% | 15.7% |
| PTEN Patterson UTI Energy | Q3 2026 | $1.3B | +14% | 4.7% |
| HP Helmerich & Payne | Q3 FY26 | $1.0B | -0.6% | 18.2% |
| RIG Transocean | Q3 2026 | $937M | -9% | 15.3% |
| NE Noble | Q3 2026 | $729M | -9% | 8.2% |
| VAL Valaris | Q3 2026 | $594M | -0.4% | 13.7% |
| SDRL Seadrill | Q3 2026 | $428M | +18% | 10.3% |
| HPK HighPeak Energy | Q2 2026 | $272M | +26% | 29.5% |
Source: Nabors Industries 10-Q on SEC EDGAR · CIK 1163739 · Drilling Oil & Gas Wells
Guidance and outlook
More on NBR
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results