Nabors Completes Acquisition of Parker Wellbore for Expansion
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Nabors Industries has completed the acquisition of Parker Wellbore, expecting it to contribute $150 million in annualized adjusted EBITDA by 2025, excluding expense synergies.
March 13, 2025 | 11:00 am
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Nabors Industries has completed its acquisition of Parker Wellbore, which is expected to add $150 million in annualized adjusted EBITDA by 2025, excluding expense synergies.
The acquisition of Parker Wellbore is a significant strategic move for Nabors Industries, expected to enhance its financial performance with a projected $150 million in annualized adjusted EBITDA by 2025. This positive financial outlook is likely to boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100