Nabors Reports Q3 Revenue of $872.2 Million, Raises Free Cash Flow Guidance
Nabors reported adjusted EBITDA of $245.5 million, up 11% sequentially, and raised 2026 free cash flow guidance to $100 million–$110 million. It signed a multiyear contract for one rig in Venezuela, with operations expected to start in early 2027.
Nabors Industries reported third-quarter 2026 revenue of $872.2 million and adjusted EBITDA of $245.5 million, representing an 11% sequential increase. The company raised its 2026 free cash flow guidance to a range of $100 million to $110 million, despite anticipating cash flow pressure in the fourth quarter due to Saudi rig suspensions and a delayed newbuild. Additionally, Nabors signed a multiyear contract for one rig in Venezuela, marking its planned return to the country with operations expected to commence in early 2027.
The company also reported customer drilling records in North Dakota and South Texas and secured commitments for four additional Canrig RZR automation modules, bringing the total planned deployments to six.