Filing Flows › Nabors Industries (NBR) › Q3 2025
Nabors Industries (NBR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 31, 2025
Nabors Industries (NBR) reported revenue of $818M for the third quarter 2025 (Q3 2025), +12% from a year earlier and -2% from the quarter before. Operating margin was 15.6%, net earnings $274M (33.5% of revenue).
Nabors Industries, Q3 2025: revenue $818M (+12% year over year), operating margin 15.6%, net earnings $274M, operating cash flow $208M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $818M | -2% | +12% |
| Operating profit | $128M | +74% | +21% |
| Net earnings | $274M | — | — |
| Operating cash flow | $208M | +37% | +45% |
| Free cash flow | $5.6M | — | — |
What changed
Revenue was $818.2M in Q3 2025, up 12% year over year and down 2% from the previous quarter.
Operating profit was $127.8M, a 15.6% margin (up 1.1 points year over year). Of the extra revenue versus a year earlier, 25% reached operating profit, above the 14% margin then. Total costs grew 10% against revenue growth of 12%. The fastest-growing cost line was Other operating costs (+418%). Net earnings were $274.2M. The effective tax rate was 28.0%. Non-operating items added $292.3M, 70% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $207.9M (up 45% year over year), 69% of net income including minority interests. Non-cash charges added back $6.0M of share-based compensation. Working capital and other items used $100.6M. After capital expenditures, net of proceeds from sales of assets ($202.3M), free cash flow as the company reports it was $5.6M.
Questions
What was Nabors Industries' revenue in the third quarter 2025?
Nabors Industries (NBR) reported revenue of $818M for the third quarter 2025 (Q3 2025), +12% from a year earlier and -2% from the quarter before.
Was Nabors Industries profitable in the third quarter 2025?
Operating profit was $128M (15.6% of revenue) and net earnings $274M.
Source: Nabors Industries 10-Q on SEC EDGAR.