Nabors Industries (NYSE: NBR) Q2 Earnings: Revenue Beat Amidst EPS Miss in Oil & Gas Drilling
Nabors Industries (NYSE: NBR) reported an earnings per share (EPS) of -$2.04, missing the analyst consensus of -$1.30. Despite the EPS miss, the company's quarterly revenue reached approximately $814.80 million , surpassing the analyst estimate of $809.28 million. The reported lo
- Nabors Industries (NYSE: NBR) reported an earnings per share (EPS) of -$2.04, missing the analyst consensus of -$1.30.
- Despite the EPS miss, the company's quarterly revenue reached approximately $814.80 million, surpassing the analyst estimate of $809.28 million.
- The reported loss per share of $2.04 showed an improvement compared to the $2.71 loss in the same quarter of the previous year, indicating financial progress.
Nabors Industries (NYSE: NBR) is a leading drilling contractor that serves the oil and gas industry. The company provides drilling services and related technologies. It operates a large fleet of land-based drilling rigs across the United States, including the Lower 48 region, and in various international markets.
On July 28, 2026, Nabors Industries reported its quarterly financial results. The company announced an earnings per share (EPS) of -$2.04. This figure represents the portion of a company's profit or loss allocated to each share of stock. It missed the consensus analyst estimate of -$1.30 per share.
As highlighted by Zacks, the reported loss of $2.04 per share was wider than its estimate of a $1.54 loss. However, this result shows an improvement for Nabors Industries. In the same quarter of the previous year, the company had reported a larger loss of $2.71 per share, indicating some financial progress.
Despite the earnings miss, Nabors Industries reported quarterly revenue of approximately $814.80 million. Revenue is the total income a company generates from its business activities. This figure beat the analyst estimate of $809.28 million, showing stronger-than-expected sales performance for the period.
The company's revenue performance was driven by momentum in its international drilling operations. It also saw strengthening activity in the Lower 48 region. Nabors Industries has a trailing twelve-month price-to-sales ratio of 0.35, a key investment metric that compares the company's stock price to its revenues.
Originally published by fmp.
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