Nabors 2Q FY26 adjusted EBITDA falls to $221.7 million; revenue rises 4% to $814.8 million vs 1Q FY26 - NBR News | RalliesNabors 2Q FY26 adjusted EBITDA falls to $221.7 million; revenue rises 4% to $814.8 million vs 1Q FY26
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NBR• Second-quarter results and operating metrics
- Nabors posted 2Q 2026 operating revenues of $814.8 million, up about 4% from 1Q 2026; adjusted EBITDA fell to $221.7 million.
- Net loss attributable to shareholders narrowed to $22.33 million, or $2.04 per share, from a $30.91 million loss in 1Q 2026.
- Adjusted free cash flow turned positive at $12.34 million from a $48.22 million outflow in 1Q, on higher profitability and lower cash interest.
- Average total rigs working rose to 171 from 168 in 1Q, with Lower 48 up to 68 and International Drilling edging up to 93.
- Outlook: expects 3Q adjusted free cash flow consumption of about $40 million; full-year adjusted EBITDA seen at $920-930 million.
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