Nabors Industries Ltd. filed a Current Report on Form 8-K with the Securities and Exchange Commission on September 8, 2026. The filing discloses that the company published an Investor Presentation on its website in preparation for a series of investor conferences scheduled for September. The document, attached as Exhibit 99.1, provides an overview of the company's operations, financial outlook, and strategic initiatives.
The Investor Presentation details the company's global platform, highlighting that it operates approximately 178 rigs across various international markets. The company notes a significant investment of $35 million in Quaise Energy, making Nabors the largest shareholder of the firm. Additionally, the presentation details a $100 million partial redemption of high-coupon notes due in 2030, which was completed on August 12, 2026.
Regarding its international footprint, the company reports that it has signed a multi-year rig contract to recommence drilling operations in Venezuela. The presentation also outlines a strategy for geothermal energy, referencing the deployment of a Nabors PACE-B rig at Project Obsidian in Oregon to advance the project's Phase I capacity, targeting a 50 MW output.
The filing includes specific financial outlooks for the third quarter and full year of 2026. For the third quarter, the company projects adjusted free cash flow consumption of approximately $40 million. For the full year, it anticipates capital expenditures between $920 million and $930 million, adjusted EBITDA between $710 million and $730 million, and adjusted free cash flow between negative $20 million and negative $30 million.
