Nabors Industries Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
October 26, 2021 at 09:15 pm
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Nabors Industries Ltd. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 524.17 million compared to USD 438.35 million a year ago. Revenue was USD 524.37 million compared to USD 437.61 million a year ago. Net loss was USD 122.5 million compared to USD 157.47 million a year ago. Basic loss per share from continuing operations was USD 15.79 compared to USD 23.42 a year ago. Diluted loss per share from continuing operations was USD 15.79 compared to USD 23.42 a year ago. Basic loss per share was USD 15.79 compared to USD 23.42 a year ago. Diluted loss per share was USD 15.79 compared to USD 23.42 a year ago.
For the nine months, sales was USD 1,474.01 million compared to USD 1,690.65 million a year ago. Revenue was USD 1,475.41 million compared to USD 1,688.74 million a year ago. Net loss was USD 455.6 million compared to USD 697.4 million a year ago. Basic loss per share from continuing operations was USD 62.26 compared to USD 102.25 a year ago. Diluted loss per share from continuing operations was USD 62.26 compared to USD 102.25 a year ago. Basic loss per share was USD 62.26 compared to USD 102.26 a year ago. Diluted loss per share was USD 62.26 compared to USD 102.26 a year ago.
Nabors Industries Ltd. owns and operates a land-based drilling rig fleet. The Company is a provider of offshore platform drilling rigs in the United States and international markets. The Company operates through five segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions and Rig Technologies. Its services include tubular running services, wellbore placement solutions, directional drilling, measurement-while-drilling (MWD), logging-while-drilling (LWD) systems and services, equipment manufacturing, rig instrumentation and optimization software. Its United States fleet consists of approximately 171 alternating current (AC) rigs and 11 silicon-controlled rectifier (SCR) land rigs. Its international fleet consists of approximately 117 land-based drilling rigs located in approximately 14 countries. Through its Drilling Solutions, the Company offers specialized drilling technologies, such as patented steering systems and rig instrumentation software systems.
NABORS INDUSTRIES LTD. 
