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Nabors Industries (NBR) guidance and outlook
Nabors Industries (NBR) raised some and lowered other parts of its guidance on Oct 27, 2026: EBITDA $930M for FY2026; Free cash flow $100M–$110M for FY2026; Capital expenditures $710M–$720M for FY2026; EBITDA $12.0M for Q4 2026. Nabors Industries' 10-Q filed Nov 4, 2026 makes 3 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| EBITDA | FY2026 | $930M | raised |
| Free cash flow | FY2026 | $100M–$110M | raised |
| Capital expenditures | FY2026 | $710M–$720M | lowered |
| EBITDA | Q4 2026 | $12.0M | new |
| Capital expenditures | Q4 2026 | $250M–$260M | new |
| Free cash flow | Q4 2026 | $60.0M–$70.0M | new |
| EBITDA | FY2027 | $1.0B | new |
From the earnings release filed Oct 27, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 4, 2026
- We expect to remain in compliance with all covenants under the 2024 Credit Agreement during the twelve-month period following the date of this report based on our current operational and financial projections.
- Our current cash and investments, projected cash flows from operations, proceeds from equity or debt issuances, the A/R Agreements and the facilities under our 2024 Credit Agreement are expected to adequately finance our purchase commitments, capital expenditures, acquisitions, scheduled debt service requirements, and all other expected cash requirements for at least the next 12 months.
- The level of our outstanding purchase commitments and our expected level of capital expenditures over the next 12 months represent a number of capital programs that are currently underway or planned.
Nabors Industries' latest quarter
Nabors Industries, Q3 2026: revenue $872M (+7% year over year), operating margin 15.7%, net earnings $16.0M, operating cash flow $239M. The chart follows the revenue to costs, profit and cash.
Questions
Did Nabors Industries raise or lower its guidance?
Nabors Industries (NBR) raised some and lowered other parts of its guidance on Oct 27, 2026: EBITDA $930M for FY2026; Free cash flow $100M–$110M for FY2026; Capital expenditures $710M–$720M for FY2026; EBITDA $12.0M for Q4 2026.
What does Nabors Industries expect?
We expect to remain in compliance with all covenants under the 2024 Credit Agreement during the twelve-month period following the date of this report based on our current operational and financial projections. Our current cash and investments, projected cash flows from operations, proceeds from equity or debt issuances, the A/R Agreements and the facilities under our 2024 Credit Agreement are expected to adequately finance our purchase commitments, capital expenditures, acquisitions, scheduled debt service requirements, and all other expected cash requirements for at least the next 12 months.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.