Brief: Nabors Announces Fourth Quarter 2022 Results

Nabors Industries

07/02/2023 21:48

Feb 7 (Reuters) - Nabors Industries Ltd  NBR.N :
    * NABORS ANNOUNCES FOURTH QUARTER 2022 RESULTS
    * Q4 2022 OPERATING REVENUES $760 MILLION VERSUS OPERATING
REVENUES $694 MILLION Q3 OF 2022
    * Q4 LOSS PER SHARE $7.87
    * SEES CAPITAL EXPENDITURES FOR FULL YEAR 2023 OF $490
MILLION
    * SEES ADJUSTED FREE CASH FLOW EXCEEDING $400 MILLION FOR
2023
    * EXPECT TO CLOSE YEAR WITH NET DEBT OF APPROXIMATELY $1.7
BILLION
    * Q4 EARNINGS PER SHARE VIEW $-0.55, REVENUE VIEW $747.0
MILLION
-- REFINITIV IBES DATA
    * Q4 RESULTS INCLUDED A NON-CASH CHARGE OF $36 MILLION, OR
$3.98
PER SHARE

Source text for Eikon:  ID:nPn44ndlra 
Further company coverage:  NBR.N 
 ((Reuters.Briefs@thomsonreuters.com;))