Nabors Industries Ltd. (NYSE:NBR ) Q3 2024 Earnings Conference Call October 23, 2024 12:00 PM ET Company Participants William Conroy - Vice President, Corporate Development and IR Tony Petrello - Chairman, President and CEO William Restrepo - Chief Financial Officer Conference Call Participants Arun Jayaram - J.P.
HAMILTON, Bermuda , Oct. 22, 2024 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) today reported third quarter 2024 operating revenues of $732 million, compared to operating revenues of $735 million in the second quarter.
HAMILTON, Bermuda , Oct. 15, 2024 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors") (NYSE: NBR) and Parker Wellbore ("Parker") today announced a definitive agreement under which Nabors will acquire all of Parker's issued and outstanding common shares in exchange for 4.8 million shares of Nabors common stock, subject to a share price collar.
U.S. drilling activity is challenged, but Nabors maintains pricing power due to its superior rigs. Nabors also derives half of its revenue from international markets that have been much more robust. The leverage is high, but debt is not a problem in the near term.
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