Nabors (NBR) Q3 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, April 8, 2026 astatine 10:20 AM CDT 41 min read

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Wednesday, Oct. 29, 2025 astatine 11 a.m. ET

• Chairman, President, and Chief Executive Officer — Anthony Petrello

• Chief Financial Officer — Miguel Rodriguez

• Vice President—Corporate Development — William Conroy

William Conroy: Good morning, everyone. Thank you for joining Nabors' Third Quarter 2025 Earnings Conference Call. Today, we volition travel our customary format with Tony Petrello, our Chairman, President and Chief Executive Officer; and Miguel Rodriguez, our Chief Financial Officer, providing their perspectives connected the quarter's results, on with insights into our markets and however we expect Nabors to execute successful these markets. In enactment of these remarks, a descent platform is available, some arsenic a download wrong the webcast and successful the Investor Relations conception of nabors.com. Instructions for the replay of this telephone are posted connected the website arsenic well. With america today, successful summation to Tony, Miguel and me, are different members of the elder absorption team.

Since overmuch of our commentary contiguous volition see our guardant expectations, they whitethorn represent forward-looking statements wrong the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. Such forward-looking statements are taxable to definite risks and uncertainties arsenic disclosed by Nabors from clip to clip successful our filings with the Securities and Exchange Commission. As a effect of these factors, our existent results whitethorn alteration materially from those indicated oregon implied by specified forward-looking statements. Also, during the call, we whitethorn sermon definite non-GAAP fiscal measures, specified arsenic nett debt, adjusted operating income, adjusted EBITDA and adjusted escaped currency flow.

All references to EBITDA made by either Tony oregon Miguel during their presentations, whether qualified by the connection adjusted oregon otherwise, mean adjusted EBITDA arsenic that word is defined connected our website and successful our net release. Likewise, unless the discourse intelligibly indicates otherwise, references to currency travel mean adjusted escaped currency travel arsenic that non-GAAP measurement is defined successful our net release. We person posted to the Investor Relations conception of our website a reconciliation of these non-GAAP fiscal measures to the astir precocious comparable GAAP measures. With that, I volition crook the telephone implicit to Tony to begin.

Anthony Petrello: Good morning. Thank you for joining america contiguous arsenic we reappraisal our 3rd 4th results. We volition item a fig of affirmative accomplishments. In particular, we person completed the transaction to merchantability Quail Tools. This is simply a transformational improvement for our superior structure. I volition commencement my remarks with details of this transaction. The presumption of the woody are straightforward. On August 20, we sold the Quail concern for a full information of $625 million. This magnitude includes a moving superior adjustment. We received $375 cardinal successful currency astatine closing and a $250 cardinal seller note, which was afloat prepaid earlier this month. To beryllium explicit, we person collected the full proceeds. Next, I'll sermon the merits of the transaction.