Nabors Q4 Loss Wider Than Expected, Sales Match Estimates
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Nabors Industries reported a wider-than-expected loss for Q4, although sales matched estimates. The company plans capital expenditures of $195-$205 million, with $80-$85 million for new builds in Saudi Arabia in Q1 2025.
February 13, 2025 | 1:45 pm
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Nabors Industries reported a wider-than-expected loss for Q4, but sales were in line with estimates. The company plans significant capital expenditures, including new builds in Saudi Arabia.
The wider-than-expected loss is likely to negatively impact the stock price in the short term. However, the alignment of sales with estimates and planned capital expenditures may provide some support.
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IMPORTANCE 80
RELEVANCE 100