Nabors Industries Ltd (NYSE: NBR) is an oilfield services company that provides contract drilling and related services to oil and gas companies for exploration, development, and production activities. Revenue is generated through day-rate drilling contracts, where operators pay a daily fee for rig deployment and associated services. The company is incorporated in Bermuda and lists its common shares on the New York Stock Exchange, with 14,673,186 common shares outstanding as of February 6, 2026. Demand for Nabors' services is directly tied to spending levels by oil and gas companies, which in turn depend on oil and natural gas prices. The filing, a 10-K for the fiscal year ended December 31, 2025, was filed on February 13, 2026. The company is classified as a well-known seasoned issuer under SEC rules.

Revenue model

Day-rate drilling contracts with oil and gas exploration and production companies. Revenue depends on rig utilization and day rates, both of which are sensitive to oil and natural gas price levels and operator spending decisions.

Products and services

Contract drilling services for oil and gas exploration, development, and production. The filing references drilling rigs and related oilfield services.

Customers and end markets

Oil and gas companies engaged in exploration, development, and production activities. Customer spending, and therefore Nabors' revenue, is materially influenced by prevailing oil and natural gas prices.

Value-chain role

Oilfield services contractor. Nabors sits between rig equipment manufacturers and oil and gas operators, providing drilling execution on a contract basis.

Geographic exposure

The filing does not provide a geographic revenue breakdown in the excerpts available. The company is incorporated in Bermuda and listed on the New York Stock Exchange.

Source: SEC 10-K, filed 2026-02-13

Industry: Drilling Oil & Gas Wells Peers: Valaris Ltd