Nabors Industries Ltd. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 733.7 million compared to USD 779.14 million a year ago. Revenue was USD 743.91 million compared to USD 789.01 million a year ago.

Net loss was USD 34.33 million compared to net income of USD 49.22 million a year ago. Basic loss per share from continuing operations was USD 4.54 compared to basic earnings per share from continuing operations of USD 4.39 a year ago. Diluted loss per share from continuing operations was USD 4.54 compared to diluted earnings per share from continuing operations of USD 4.11 a year ago.