Nabors Industries Ltd. (NBR) Q1 2025 Earnings Call Transcript

2025-04-30 14:39:20 ET

Nabors Industries Ltd. (NBR)

Q1 2025 Earnings Conference Call

April 30, 2025 12:00 PM ET

Company Participants

William Conroy - Vice President of Corporate Development & Investor Relations

Tony Petrello - Chairman, President & Chief Executive Officer

William Restrepo - Chief Financial Officer

Conference Call Participants

Waqar Syed - ATB Capital Markets

David Smith - Pickering

Arun Jayaram - JPMorgan

Keith MacKey - RBC

Jeff LeBlanc - TPH

John Daniel - Daniel Energy Partners

Presentation

Operator

Good day. And welcome to the First Quarter 2025 Nabors Industries Limited Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to William Conroy, Vice President of Corporate Development and Investor Relations. Please go ahead.

William Conroy

Good morning, everyone. Thank you for joining Nabors first quarter 2025 earnings conference call. Today, we will follow our customary format with Tony Petrello, our Chairman, President and Chief Executive Officer; and William Restrepo, our Chief Financial Officer, providing their perspectives on the quarter’s results, along with insights into our markets and how we expect Nabors to perform in these markets.

In support of these remarks, a slide deck is available, both as a download within the webcast and in the Investor Relations section of nabors.com. Instructions for the replay of this call are posted on the website as well. With us today, in addition to Tony, William and me, are other members of the senior management team.

Since much of our commentary today will include our forward expectations, they may constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934.

Such forward-looking statements are subject to certain risks and uncertainties as disclosed by Nabors from time-to-time in our filings with the Securities and Exchange Commission. As a result of these factors, our actual results may vary materially from those indicated or implied by such forward-looking statements.

Also, during the call, we may discuss certain non-GAAP financial measures, such as net debt, adjusted operating income, adjusted EBITDA and adjusted free cash flow. All references to EBITDA made by either Tony or William during their presentations, whether qualified by the word adjusted or otherwise, mean adjusted EBITDA, as that term is defined in our website and in our earnings release....

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