Nabors Industries (NYSE: NBR) kicked off 2025 with a modest revenue uptick and a return to profitability, but behind the headline numbers lies a critical challenge facing the U.S. land drilling sector: rig churn. Drilling activity in Q1 2025 declined by nearly 12% compared to the same period in 2024.

Nabors Industries Ltd. (NYSE: NBR) (“Nabors” or “the Company”) today announced preliminary operating results for the second quarter ended June 30, 2024, showcasing ongoing international expansion and stable U.S. market activity and pricing.