Filing Flows › Nabors Industries (NBR) › Q1 2025
Nabors Industries (NBR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Nabors Industries (NBR) reported revenue of $736M for the first quarter 2025 (Q1 2025), +0.3% from a year earlier and +0.9% from the quarter before. Operating margin was 7.0%, net earnings $33.0M (4.5% of revenue).
Nabors Industries, Q1 2025: revenue $736M (+0.3% year over year), operating margin 7.0%, net earnings $33.0M, operating cash flow $87.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $736M | +0.9% | +0.3% |
| Operating profit | $51.7M | — | -18% |
| Net earnings | $33.0M | — | — |
| Operating cash flow | $87.7M | -41% | -18% |
What changed
Revenue was $736.2M in Q1 2025, roughly flat year over year and up 1% from the previous quarter.
Operating profit was $51.7M, a 7.0% margin (down 1.6 points year over year). Operating profit fell $11.6M even though revenue rose $2.5M versus a year earlier, so costs grew faster than sales. Total costs grew 2% against flat revenue. The fastest-growing cost line was Other operating costs (+282%). Net earnings were $33.0M. The effective tax rate was 20.8%. Non-operating items added $20.5M, 28% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $87.7M (down 18% year over year), 153% of net income including minority interests. Non-cash charges added back $4.1M of share-based compensation. Working capital and other items added $26.4M. Capital expenditures of $165.0M exceeded it, leaving free cash flow of −$77.2M.
Questions
What was Nabors Industries' revenue in the first quarter 2025?
Nabors Industries (NBR) reported revenue of $736M for the first quarter 2025 (Q1 2025), +0.3% from a year earlier and +0.9% from the quarter before.
Was Nabors Industries profitable in the first quarter 2025?
Operating profit was $51.7M (7.0% of revenue) and net earnings $33.0M.
Source: Nabors Industries 10-Q on SEC EDGAR.