Nabors Reshapes Portfolio With Parker Deal Debt Cuts And Global Expansion

NodeGuardian · 2026-02-26T03:46:39+00:00

Nabors Industries has restructured by acquiring Parker Wellbore and selling Quail Tools, reducing net debt by $554 million and achieving a profit of $286.62 million, despite concerns over high leverage and capital needs.

NodeGuardian

2026-02-26 03:46:39

Abstract generation in progress

Nabors Industries (NYSE:NBR) has strategically reshaped its portfolio by acquiring Parker Wellbore and divesting Quail Tools, aiming for higher-value services and a leaner balance sheet. The company also significantly reduced its net debt by US$554 million and advanced its international expansion, transitioning from a net loss to a profit of US$286.62 million. While analysts note improved profitability, concerns remain regarding high leverage and elevated capital requirements due to ongoing expansion and integration.

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