Nabors Industries Ltd. reported a net loss of $22.3 million [2] for the second quarter of 2026.
The financial results highlight the volatility of the drilling sector as the company balances quarterly losses against positive operational cash flow and long-term growth targets.
The company reported a loss of $2.04 per share [3] during the quarter. Despite the net loss, Nabors achieved an adjusted EBITDA of $222 million [1] for the period. These results were detailed during an earnings call held on July 1 [6].
Management provided a positive outlook for the remainder of the year. Chief Financial Officer Rodriguez said, "We now expect full year EBITDA of $920 million to $930 million" [4]. This guidance suggests a recovery in earnings potential as the company moves through the second half of 2026.
In addition to EBITDA targets, Nabors outlined its expectations for liquidity. The company is targeting adjusted free cash flow between $20 million and $30 million [4] for the full year. This focus on cash flow is critical for maintaining operations, and managing debt in the capital-intensive oil and gas services industry.
The company is headquartered in Houston, Texas, and serves as a major provider of drilling rigs. The recording of the July earnings call remained available to investors until Aug. 5 [7].
“Nabors Industries reported a net loss of $22.3 million for the second quarter of 2026.”
The divergence between a net loss and a strong EBITDA guidance indicates that Nabors is likely managing high non-cash charges or interest expenses while maintaining healthy core operational performance. By prioritizing adjusted free cash flow, the company is signaling a strategy of financial stabilization to weather short-term losses and sustain its infrastructure investments.
