Nabors invests $35 million in Quaise Energy for geothermal expansion
The funding grants a 14% stake and exclusive drilling rights while accelerating Quaise's millimeter-wave superhot geothermal technology deployment.
Latest Nabors Industries News & Updates
See the latest news and media coverage for Nabors. We track all announcements, press releases, and industry mentions in real time, all in one place.
Provider of drilling rigs, automation, and wellbore services
nabors.com- Headquarters
- Houston, United States
- Founded year
- 1952
- Company type
- Public company
- Number of employees
- 10,000+
- Industry
- Oil Related Services and Equipment
Last updated
Latest news about Nabors Industries (Nabors)
In short: Nabors beat Q2 revenue estimates, raised 2026 guidance, set drilling records, and invested $35 million in Quaise Energy.
Company announcements
Nabors Q2 2026 revenue rises, free cash flow improves
Revenue rose to $815 million, adjusted EBITDA increased to $222 million, and free cash flow improved to $12 million.
Nabors and BPX set drilling record in Eagle Ford
Rig X41 drilled a 23,762-foot well in 5.92 days, beating the previous record by nearly half a day.
Nabors expands operational hub in Abu Dhabi
The 42,800 m² facility consolidates equipment and services to support customers across the Middle East.
Media coverage
Nabors Industries stock reports USD 814.80 million in Q2 revenue
Nabors Industries (ISIN US62886E1082) reported USD 814.80 million in second-quarter 2026 revenue and an adjusted loss of USD 2.04 per share, according to Zacks on...
Nabors Industries Ltd. (NYSE:NBR) Given Average Recommendation of “Hold” by Analysts - Ticker Report
Shares of Nabors Industries Ltd. (NYSE:NBR – Get Free Report) have been given a consensus rating of “Hold” by the eight research firms that are...
Quaise Energy closes Series B funding round of $180 million with a $35 million investment from Nabors Industries and ...
Quaise Energy closes Series B funding round of $180 million with a $35 million investment from Nabors Industries and signs strategic framework...
Q2 Earnings Highs And Lows: Nabors Industries (NYSE:NBR) Vs The Rest Of The Oilfield Services Stocks
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (a...
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