Filing Flows › Nabors Industries (NBR) › Q1 2026
Nabors Industries (NBR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
Nabors Industries (NBR) reported revenue of $784M for the first quarter 2026 (Q1 2026), +6% from a year earlier and -2% from the quarter before. Operating margin was 12.2%, net earnings $4.3M (0.5% of revenue).
Nabors Industries, Q1 2026: revenue $784M (+6% year over year), operating margin 12.2%, net earnings $4.3M, operating cash flow $113M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $784M | -2% | +6% |
| Operating profit | $95.4M | -16% | -6% |
| Net earnings | $4.3M | -75% | -93% |
| Operating cash flow | $113M | -54% | +29% |
What changed
Revenue was $783.5M in Q1 2026, up 6% year over year and down 2% from the previous quarter.
Operating profit was $95.4M, a 12.2% margin (down 1.7 points year over year). Operating profit fell $6.4M even though revenue rose $47.4M versus Q1 2025, so costs grew faster than sales. Total costs grew 8% against revenue growth of 6%. Net earnings were −$15.2M. The effective tax rate was 79.8%.
Operating cash flow was $113.3M (up 29% year over year), 2659% of net income including minority interests. Non-cash charges added back $4.4M of share-based compensation. Working capital and other items added $104.7M. Capital expenditures of $165.0M exceeded it, leaving free cash flow of −$51.6M.
Questions
What was Nabors Industries' revenue in the first quarter 2026?
Nabors Industries (NBR) reported revenue of $784M for the first quarter 2026 (Q1 2026), +6% from a year earlier and -2% from the quarter before.
Was Nabors Industries profitable in the first quarter 2026?
Operating profit was $95.4M (12.2% of revenue) and net earnings $4.3M.
Source: Nabors Industries 10-Q on SEC EDGAR.