US Stock Market Moves: Nabors Industries surged on October 28 as Q3 earnings improved and international drilling margins hit a record high

Nabors Industries October 28 Significant Surge Interpretation

Keywords: Q3 performance improvement, international drilling gross profit at a record high

1. On October 27, the company announced its financial results for the third quarter of 2026, with operating revenue of $872 million, up 7% quarter-on-quarter; adjusted EBITDA was $246 million, representing a near 11% increase from Q2, and adjusted free cash flow was $75 million.

2. On October 27, the international drilling segment's daily adjusted gross profit reached a record $19,060, up 8.7% quarter-on-quarter; the increase in working rigs and growth in drilling solutions business drove quarter-on-quarter performance improvement.

3. On October 27, the company stated it expects further quarter-on-quarter growth in adjusted EBITDA in the fourth quarter, mainly driven by U.S. drilling operations; it is expected that by 2027, the annualized run-rate of adjusted EBITDA will be about $1 billion.

(Disclaimer: This content is summarized from publicly available information by AI technology and is for reference only; it does not constitute investment advice.)