Brief: Nabors Announces Third Quarter 2021 Results

Nabors Industries

27/10/2021 24:21

Oct 26 (Reuters) - Nabors Industries Ltd  NBR.N :
    * NABORS ANNOUNCES THIRD QUARTER 2021 RESULTS
    * Q3 REVENUE $524 MILLION
    * Q3 LOSS PER SHARE $15.79 FROM CONTINUING OPERATIONS
    * Q3 EARNINGS PER SHARE VIEW $-13.30, REVENUE VIEW $502.6
MILLION
-- REFINITIV IBES DATA
    * Q4 INTERNATIONAL QUARTERLY AVERAGE RIG COUNT IS EXPECTED
TO
INCREASE BY ABOUT 4 RIGS OVER Q3 AVERAGE
    * NABORS INDUSTRIES - Q4 INTERNATIONAL DAILY DRILLING MARGIN
ISEXPECTED TO DECLINE TO $13,000 - $13,500, REFLECTING
NON-RECURRING EARLY TERMINATION REVENUE IN Q3
    * Q4 U.S. DRILLING QUARTERLY AVERAGE LOWER 48 RIG COUNT IS
EXPECTED TO INCREASE BY APPROXIMATELY FIVE RIGS OVER Q3 AVERAGE
    * CAPITAL EXPENDITURES FOR FULL YEAR ARE EXPECTED TO TOTAL
APPROXIMATELY $270 MILLION
    * Q3 INCLUDED A $13 MILLION AFTER TAX EXPENSE, OR $1.63 PER
SHARE,
RELATED TO PURCHASE OF TECHNOLOGY IN ENERGY TRANSITION SPACE

Source text for Eikon:  ID:nPn3zyyWLa 
Further company coverage:  NBR.N 

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