Nabors Industries Reports Q4 Profit, Driven By Drilling Recovery; NSC (2-11-2026)

Nabors Industries (NSC) reported a surprise Q4 profit of $194 million, ending a 12-month loss streak, on stronger oil and gas drilling demand in the fourth quarter of 2026. The company attributed the turnaround to higher rig utilization and pricing, with adjusted EBITDA reaching $317 million, up from a loss of $185 million in Q3 2025. Revenue rose to $3.26 billion from $2.94 billion year-over-year. CEO Mike Doughty stated, "The drilling recovery, supported by higher oil prices and improved wellhead spreads, delivered the momentum we needed to turn around our operations."