NBR

EX-99.1

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EXHIBIT 99.1

Exhibit 99.1

NEWS

RELEASE

Record International Drilling Margin. $75 Million in Adjusted Free Cash Flow. Nabors Reports Third Quarter 2026 Results.

HAMILTON,

Bermuda, October 27, 2026 /PRNewswire/ Nabors Industries Ltd. (“Nabors” or the “Company”) (NYSE: NBR) today reported third quarter 2026 operating revenues of $872 million, up 7% sequentially. Net loss attributable to Nabors’ shareholders was $11 million. Adjusted EBITDA was $246 million, up nearly 11% from the second quarter.

Record International Drilling daily adjusted gross margin, a larger Lower 48 working fleet, and growth in Drilling Solutions drove the sequential improvement. Higher profitability, lower capital spending and improved working capital contributed to $75 million in adjusted free cash flow.

Selected Financial Information

(In millions, except rig activity)

Three Months Ended

September 30 June 30, September 30

2026 2026 2025

Operating revenues $872.2 $814.8 $818.2

Adjusted EBITDA $245.5 $221.7 $236.3

Adjusted operating income $85.8 $61.1 $76.0

Adjusted free cash flow $74.5 $12.3 $5.6

Average rigs working:

Lower 48 72.8 67.8 59.2

International Drilling 94.9 93.4 89.2

Average total rigs working 177.1 171.2 158.4

The quarter ended September 30, 2025 includes revenue of $34 million, EBITDA of $20 million, and operating income of $14 million from Quail Tools, which was sold in August 2025.

3Q 2026 Highlights

oInternational Drilling daily adjusted gross margin reached a record $19,060, up $1,526, or 8.7%, sequentially. Strong field performance across multiple countries and high-margin rig deployments drove the increase.

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oThe SANAD land drilling joint venture successfully deployed its 17th newbuild rig in Saudi Arabia. One additional newbuild is scheduled for deployment in 2026 and two in the first quarter of 2027, bringing the total newbuild fleet to 20.

oNabors signed a multiyear contract to deploy one rig in Venezuela in early 2027. The deployment will mark Nabors’ return to drilling operations in the country.

oNabors rigs helped two Lower 48 operators achieve new drilling records. A PACE®-B rig in North Dakota achieved an impressive drilling performance of more than 27,600 feet in 148 hours, with an average rate of penetration of nearly 187 feet per hour. A PACE®-X rig in South Texas achieved a record performance by drilling an 18,500-foot well in under six days, averaging more than 3,200 feet per day. The operator recorded its fastest drilling performance in the basin to date.

oCanrig secured commitments for four additional RZR™ rig floor automation modules, which will bring the total deployed to six. Strong client interest supports the outlook for additional awards.

Anthony G. Petrello, Nabors Chairman, CEO and President, commented, “We delivered higher earnings and $75 million in adjusted free cash flow. Each of our four reporting segments met or exceeded its targets.

“International Drilling achieved a record daily adjusted gross margin. Strong field performance and new rig deployments with attractive economics drove the increase. We expect further margin improvement in the fourth quarter, despite a lower SANAD rig count following the suspension of five rigs.

“Our Lower 48 rig count grew as expected, and daily adjusted gross margin again exceeded guidance. We remain constructive on this market. Advanced drilling technology and reliable field delivery position us to continue increasing both rig count and daily margin.

“Drilling Solutions’ business delivered double-digit sequential adjusted EBITDA growth. Greater adoption of our Performance Software and Downhole Services on Nabors rigs in the Lower 48 drove the gains. International growth in Surface and Tubular services also contributed to the segment’s improvement.”

Segment Results

International Drilling adjusted EBITDA increased to $146 million from $131 million in the second quarter. Daily adjusted gross margin rose by more than $1,500 to $19,060, reflecting strong field performance and contributions from the recently deployed rig in Argentina and the SANAD newbuild.

U.S.

Drilling adjusted EBITDA increased to $99 million from $94 million in the second quarter. A 7% increase in the average Lower 48 working fleet and higher daily adjusted gross margin drove the improvement.

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Drilling Solutions adjusted EBITDA increased to $44 million from $40 million in the second quarter, driven primarily by growth on Nabors rigs in the Lower 48 and growth in international markets.

Rig Technologies adjusted EBITDA increased to $5 million from $3 million in the second quarter. Both aftermarket revenue and capital equipment sales increased sequentially.

Adjusted Free Cash Flow

Consolidated adjusted free cash flow was $75 million, up $62 million sequentially. Higher profitability, lower capital spending at SANAD and across the rest of Nabors, together with lower working capital drove the improv

EX-99.1

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EXHIBIT 99.1

Exhibit 99.1

NEWS

RELEASE

Momentum Accelerates. Cash Flow Improves. Nabors 2Q 2026 Results

HAMILTON,

Bermuda, July 28, 2026 /PRNewswire/ - Nabors Industries Ltd. (“Nabors” or the “Company”) (NYSE: NBR) today reported second quarter 2026 operating revenues of $815 million, an increase of approximately 4% from the first quarter. Net loss attributable to Nabors’ shareholders for the quarter was $22 million. Adjusted EBITDA for the second quarter was $222 million.

Nabors’ second quarter results reflected continued momentum across the international drilling franchise, strengthening Lower 48 activity, and higher free cash flow, supported by disciplined capital allocation and expanding technology adoption.

Selected Financial Information

(In millions, except rig activity)

Three Months Ended

June 30, March 31, June 30,

2026 2026 2025

Operating revenues $814.8 $783.5 $832.8

Adjusted EBITDA $221.7 $204.8 $248.5

Adjusted operating income $61.1 $48.6 $73.4

Adjusted free cash flow $12.3 $(48.2) $40.6

Average rigs working:

Lower 48 67.8 65.3 62.4

International Drilling 93.4 92.6 85.9

Average total rigs working 171.2 167.9 158.3

The quarter ended June 30, 2025 includes revenue of $63 million, EBITDA of $37 million, and operating income of $26 million from Quail Tools, which was sold in August 2025.

2Q 2026 Highlights

oThe SANAD land drilling joint venture deployed one newbuild rig in the Kingdom of Saudi Arabia, bringing total newbuild deployments to 16. Three more are scheduled for 2026. In addition, SANAD reactivated another previously suspended rig.

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oNabors added five rigs in the Lower 48 during the second quarter. One of these is drilling Quaise Energy’s Project Obsidian, the first commercial superhot geothermal development. The Company’s working rig count in this market currently stands at 73, bringing the increase to 15 rigs since November 2025.

oTwo of the additional rigs in the Lower 48 were Nabors PACE-X Ultra® rigs. The PACE-X Ultra® combines upgraded drilling capabilities, integrated automation and managed pressure drilling to enable operators to drill increasingly complex wells.

oCanrig deployed the first Canrig TITAN™ (“Titan”) fully-automated rig floor wrench, with field results exceeding high performance targets. Titan is designed to deliver greater accuracy, faster speed, and lower cost of ownership than competing units.

Anthony G. Petrello, Nabors Chairman, CEO and President, commented, “Second quarter results reflected another quarter of solid operational and financial progress. All our operating segments exceeded the targets we set.

“In the Lower 48 market, Nabors’ average rig count grew and we exceeded the expected exit rate. At the same time, daily gross margin outperformed our guidance. We also gained market share and extended the duration of our contract backlog. Our strategy continues to align us with customers that prioritize high-specification rigs, integrated technology and consistent operating execution in increasingly complex drilling environments.

“In our International Drilling segment, we maintained reliable operations across the Gulf markets in the Middle East. In Saudi Arabia our SANAD joint venture added two rigs, including a previously suspended rig that returned to service. Daily gross margin improved through greater operating efficiency in several geographies and additional SANAD deployments.

“Drilling Solutions’ Lower 48 business delivered double-digit sequential revenue growth in the second quarter, with contributions on Nabors rigs as well as third-party rigs. Performance Software, RigCLOUD®, and Managed Pressure Drilling led this growth.”

Segment Results

International Drilling adjusted EBITDA was $131 million in the second quarter, compared to $121 million in the first quarter. Daily adjusted gross margin for the second quarter increased by more than $650 from the first quarter, to $17,534. This increase reflects stronger execution, and contributions from SANAD newbuild deployments.

The U.S. Drilling segment reported second quarter adjusted EBITDA of $94 million, compared to $88 million in the previous quarter. Lower 48 results improved as daily margin expanded 5% and the working fleet grew 4%. As expected, results from Offshore and Alaska operations declined sequentially.

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Drilling Solutions adjusted EBITDA was $40 million, compared to $39 million in the first quarter. Growth in the Lower 48 market was partially offset by slightly lower international activity, mainly attributable to Surface & Tubular.

Rig Technologies adjusted EBITDA increased to $3 million, compared to $1 million in the previous quarter. Aftermarket revenue accelerated sequentially, reflecting higher customer activity. Capital Equipment revenue also improved as deliveries increased.

Adjusted Free Cash Flow

Consolidated adjusted free cash flow was $12 million in the second quarter. Adjusted free cash fl

EX-99.1

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EXHIBIT 99.1

Exhibit 99.1

NEWS

RELEASE

Disciplined Execution, Durable Momentum: Nabors 1Q 2026

HAMILTON,

Bermuda, April 28, 2026 /PRNewswire/ - Nabors Industries Ltd. (“Nabors” or the “Company”) (NYSE: NBR) today reported first quarter 2026 operating revenues of $784 million. Net loss attributable to Nabors’ shareholders for the quarter was $15 million, compared to net income of $10 million in the fourth quarter. First-quarter adjusted EBITDA was $205 million.

Selected Financial Information

(In millions, except rig activity)

Three Months Ended

March 31, December 31, March 31,

2026 2025 2025

Operating revenues $783.5 $797.5 $736.2

Adjusted EBITDA $204.8 $221.6 $206.3

Adjusted operating income $48.6 $62.4 $51.7

Adjusted free cash flow $(48.2) $131.8 $(61.2)

Average rigs working:

Lower 48 65.3 59.8 60.6

International Drilling 92.6 93.3 85.0

Average total rigs working 167.9 162.9 153.2

1Q 2026 Highlights

oThe SANAD land drilling joint venture deployed one newbuild rig in the Kingdom of Saudi Arabia, bringing total newbuild deployments to 15. Four more are scheduled for 2026. In addition, SANAD reactivated one previously suspended rig, with a second resumption scheduled for the second quarter.

oIn the Lower 48 market, Nabors added four rigs during the first quarter. The Company’s working rig count in this market currently stands at 66, reflecting an increase of eight rigs since November 2025.

oContinuing its debt reduction initiatives, Nabors redeemed the remaining outstanding balance of its notes due in 2028, reducing total debt to $2.1 billion as of March 31, 2026. Since year-end 2024, the Company has reduced its total debt by $386 million. The Company’s next debt maturity is $250 million due in 2029. Its weighted average debt maturity has been extended to more than five years.

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oNabors received three awards at the Oil & Gas Middle East Awards 2026, including Service Partner of the Year, recognizing its reliability, innovation, digital drilling capabilities, and strong operator partnerships.

Anthony G. Petrello, Nabors Chairman, CEO and President, commented, “The conflict in the Middle East and its broader implications across global energy markets continue to reinforce the value of Nabors’ portfolio and geographic diversification. While our business in that region was only modestly impacted in the first quarter, we are well positioned to respond to changes in activity levels across our markets, supported by our global fleet and operational flexibility.

“Nabors’ first quarter results reflect continued improvement in Lower 48 activity, with another increase in rig count and fleet utilization. We believe we are gaining share in this market as clients increasingly prioritize high-specification rigs, integrated technology, and consistent operational execution in complex drilling environments. Our average rig count in the Lower 48 exceeded our growth expectations for the quarter, reflecting strong customer demand and contract visibility.

“In our International Drilling segment, we expanded activity across key markets. In Saudi Arabia we added two rigs. Another two rigs commenced operations in Latin America, one of which was an idle U.S. rig mobilized to Argentina under a long-term contract, demonstrating the flexibility of our asset base. Late in the quarter, we reactivated an offshore platform rig in Mexico, further increasing international utilization.

“Drilling Solutions’ (“NDS”) international business delivered sequential growth in the first quarter, with contributions across multiple product lines, including Performance Software, Managed Pressure Drilling, and Surface & Tubulars, which includes drilling equipment rentals. Our focus on NDS’s international markets continues to gain traction. These markets account for approximately 65% of the segment’s EBITDA, up from 31% in the first quarter of 2023, underscoring the increasing scale and profitability of our international footprint.”

Segment Results

International Drilling adjusted EBITDA was $121 million in the first quarter, compared to $131 million in the fourth quarter of 2025. Average rig count declined slightly, as contract expirations were largely offset by recent startups and new deployments. Daily adjusted gross margin for the first quarter was $16,880, reflecting increased costs in the Middle East related to staffing and logistics, as well as higher operating expenses and activity interruptions in certain markets.

The U.S. Drilling segment reported first quarter adjusted EBITDA of $88 million, compared to $93 million in the previous quarter. Results in the Lower 48 improved with average rig count increasing 9% sequentially, reflecting stronger activity and improving fleet utilization. As expected, results from the Offshore and Alaska operations declined sequentially.

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Drilling Solutions adjusted EBITDA was $39 million, compared to $41 million in the fourth quart