NABORS INDUSTRIES LTD — Form 8-K

Nabors reported Q2 2026 operating revenues of $814.8 million (up 4% sequentially from Q1's $783.5M), adjusted EBITDA of $221.7 million (up 8% from Q1's $204.8M), but net loss attributable to shareholders of $22.3 million. Lower 48 average rig count increased 2.5 rigs to 67.8; International Drilling grew to 93.4 rigs (+0.8). SANAD deployed 1 newbuild in Saudi Arabia (16 total deployed; 3 more scheduled for 2026). Company raised full-year rig count guidance (expects 74 rigs exiting Q3) and reduced capex guidance to $710–$730M (from prior range), while raising full-year adjusted EBITDA guidance to $920–$930M and adjusted free cash flow guidance to $20–$30M. Net debt stands at $1.61 billion; gross leverage at 2.4x (lowest since 2013).