Nabors Industries Redeems $379 Million Notes, Reduces Net Debt to $1.55 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2026
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Should l Buy NBR?
Source: PRnewswire
- Successful Debt Redemption: Nabors successfully redeemed approximately $379 million of its 7.500% Senior Guaranteed Notes on January 15, 2026, reinforcing its financial stability.
- Significant Net Debt Reduction: As of December 31, 2025, Nabors' net debt decreased to approximately $1.55 billion, down about $550 million since December 31, 2024, demonstrating effective debt management.
- Optimized Financial Structure: Following the redemption, Nabors' long-term debt stands at approximately $2.15 billion, with the weighted average maturity extending from 3.7 years to 5.3 years, enhancing the company's financing flexibility.
- Enhanced Shareholder Value: CEO Anthony Petrello stated that this redemption is a key initiative in driving shareholder value, further strengthening the company's capital structure alongside strong operational execution.
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Analyst Views on NBR
Wall Street analysts forecast NBR stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for NBR is 61.67 USD with a low forecast of 50.00 USD and a high forecast of 66.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
2 Buy
3 Hold
1 Sell
Hold
Current: 66.890
Low
50.00
Averages
61.67
High
66.00
Current: 66.890
Low
50.00
Averages
61.67
High
66.00
About NBR
Nabors Industries Ltd. is a provider of advanced technology for the energy industry. The Company operates in over 20 countries and provides drilling and drilling-related services for land-based and offshore oil and natural gas wells, with a fleet of rigs and drilling-related equipment. Its segments include U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. Its RigCLOUD platform is an edge computing system designed to support workflow management, performance monitoring, and user-specific configurations. Its fleet includes over 284 actively marketed rigs for land-based drilling operations in the United States and various countries throughout the world and 26 actively marketed rigs for offshore platform drilling operations in the United States and multiple international markets. It provides performance tools, directional drilling services, tubular running services, and technologies for use on its own rig fleet and rigs operated by third parties.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

- Debt Redemption: Nabors fully redeemed its $379M 7.5% Senior Guaranteed Notes due January 15, 2026, indicating proactive debt management aimed at reducing financial costs and improving capital structure.
- Net Debt Reduction: As of December 31, 2025, Nabors' net debt decreased to $1.55B, down approximately $366M in Q4 2025, reflecting the company's ongoing efforts to cut debt, which enhances its financial health.
- Cash Position: The company reported $940M in cash and short-term investments at the end of 2025, indicating strong liquidity that supports future operational and investment needs while mitigating financial risks.
- Leverage Improvement: Nabors achieved its lowest net leverage ratio since 2008, demonstrating significant progress in financial stability, which is likely to boost investor confidence and attract more capital.
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- New Position Disclosure: Hara Capital LLC disclosed a new position in Noble Corporation by acquiring 173,597 shares valued at $4.9 million in Q4, marking it as the firm's sixth-largest equity investment and reflecting confidence in the company.
- Asset Allocation Shift: This acquisition positions Noble to account for 2.7% of Hara Capital's reportable 13F assets, highlighting its significance within the firm's total U.S. equity assets of $179.74 million.
- Market Performance Analysis: Despite Noble's stock price declining by 2.9% over the past year while the S&P 500 gained 18.8%, its 6.1% dividend yield continues to attract investor interest, indicating stable cash flow capabilities.
- Contract Growth Potential: Noble reported third-quarter revenue of $798 million, down 0.4% year-over-year; however, management noted new contracts signed, with a backlog reaching $7 billion, indicating strong future growth potential.
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- Share Acquisition: Hara Capital acquired 173,597 shares of Noble Corporation during Q4, valued at $4.9 million, making it the firm's sixth-largest equity investment, indicating confidence in the company.
- Asset Proportion: This acquisition represents 2.7% of Hara Capital's reportable assets under management, highlighting Noble's significance within the investment portfolio.
- Performance Metrics: Despite a 2.9% decline in Noble's stock price over the past year, the company reported third-quarter revenue of $798 million, with management noting a backlog increase to $7 billion due to new contracts, suggesting future growth potential.
- Market Comparison: In contrast to the S&P 500's 18.8% gain during the same period, Noble's total shareholder return was only 3.2%, indicating underperformance that may affect investor confidence.
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- Successful Debt Redemption: Nabors successfully redeemed approximately $379 million of its 7.500% Senior Guaranteed Notes on January 15, 2026, reinforcing its financial stability.
- Significant Net Debt Reduction: As of December 31, 2025, Nabors' net debt decreased to approximately $1.55 billion, down about $550 million since December 31, 2024, demonstrating effective debt management.
- Optimized Financial Structure: Following the redemption, Nabors' long-term debt stands at approximately $2.15 billion, with the weighted average maturity extending from 3.7 years to 5.3 years, enhancing the company's financing flexibility.
- Enhanced Shareholder Value: CEO Anthony Petrello stated that this redemption is a key initiative in driving shareholder value, further strengthening the company's capital structure alongside strong operational execution.
See More

- Debt Redemption: Nabors fully redeemed approximately $379 million of its 7.500% Senior Guaranteed Notes on January 15, 2026, enhancing its financial stability and reducing interest obligations.
- Net Debt Reduction: As of December 31, 2025, Nabors' net debt decreased to approximately $1.55 billion, reflecting a significant reduction of about $550 million since December 31, 2024, showcasing effective debt management.
- Financial Structure Optimization: Following the redemption, Nabors' long-term debt stands at approximately $2.15 billion, with the weighted average maturity extending from 3.7 years to 5.3 years, thereby improving financial flexibility and reducing refinancing risks.
- Shareholder Value Enhancement: CEO Anthony G. Petrello emphasized that this redemption is a key initiative in driving shareholder value, supported by strong operational execution, which materially strengthens the company's capital structure for future strategic progress.
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- Earnings Release Schedule: Nabors will release its Q4 2025 earnings after market close on February 11, 2026, followed by a conference call on February 12 at 10:00 AM CT, which is expected to attract investor attention and impact stock performance.
- Conference Call Details: The call will be accessible via toll-free numbers for the US and Canada, as well as international dialing options, ensuring global investor participation and enhancing communication efficiency with stakeholders.
- Webcast Availability: Nabors will provide a live audio webcast of the conference call on its website, further increasing transparency and attracting more investor interest in the company's operational performance.
- Recording Playback Service: The call recording will be available for replay for one week post-conference, ensuring that investors who cannot attend live can access key information, thereby enhancing their understanding of the company's financial health.
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