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Mar 31, 2020
Nabors Q1 2020 Earnings Report
Reported first quarter results, impacted by COVID-19 and market conditions.
Key Takeaways
Nabors Industries reported first quarter 2020 operating revenues of $718 million. The net loss from continuing operations attributable to Nabors common shareholders for the quarter was $395 million, or $56.72 per share. Adjusted EBITDA was $188 million.
First quarter operating revenues were $718 million compared to $714 million in the fourth quarter of 2019.
Net loss from continuing operations attributable to Nabors common shareholders for the quarter was $395 million, or $56.72 per share.
Adjusted EBITDA was $188 million as compared to $203 million in the prior quarter.
Company has adjusted its corporate structure, temporarily reduced compensation throughout, and right-sized the field support organization.
Revenue by Segment
Forward Guidance
The Company expects average daily margins of approximately $9,000 in the second quarter of 2020. The Company expects a significant decline in EBITDA.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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